Drilling & production

A collaboration between Blueshift International Materials, Inc., the University of Strathclyde and the Oil & Gas Innovation Centre (OGIC).

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has entered into a committed seven year senior secured revolving credit facility of up to US$5.0 billion, with an initial committed amount of US$4.3 billion.

Underlying replacement cost profit for the full year was US$5.9 billion, compared with US$12.1 billion reported for 2014, down 51%.

Contract value could range between NOK1 - 3 billion.

The Open Innovation Awards fast track promising ways to reduce fresh water in shale oil and gas production.

The US Energy Information Administration (EIA) has released its January Natural Gas Monthly, with data through November 2015.

Chevron Corporation reported a loss of US$588 million for 4Q15, compared with earnings of US$3.5 billion in 4Q14.

EnerMech will use Parker products for client requirements in hydraulics, pneumatics, filtration and instrumentation.

The sale will help fund further development of the Moftinu gas discovery in Romania.

Aimed at individuals required to control HV/LV generation and distribution systems.

Also announced was the development of a pilot programme with BP and Partnership with Paradigm.

GE makes an announcement of more than US$700 million in innovative customer agreements.

Oman’s oil and gas market is experiencing major changes in terms of new project development, consumption patterns and market scenarios amidst rapidly shifting global dynamics.

Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay.

The NEB has released its latest report, entitled ‘Canada’s Energy Future 2016: Energy Supply and Demand Projections to 2040’.