Drilling & production

WEG W22 motors, used by Paragon Offshore for jackup operations in the North Sea.

Pacific Exploration & Production Corp. has announced it is actively working with its creditors pursuant ensure the long-term viability of its business.

The company has invested £500 000 in state-of-the-art equipment for its Peterhead, UK facility.

Aker has provided a summary of its financial highlights during the last quarter of 2015.

This marks the second discovery on the Rakhine Basin since the beginning of 2016.

Buru Energy Ltd has released an update on drilling operations at the Ungani Far West 1 well in the Canning Basin, Western Australia.

Technip has been awarded two contracts by Statoil for the fabrication and installation of Johan Sverdrup and Oseberg Vestflanken projects.

Rig mobilised for drilling of first well in Gulf of Mexico.

Declining earnings reported in the last quarter of 2015.

According to the 2016 BP Energy Outlook, global demand for energy is expected to increase by 34% between 2014 and 2035.

API-PA Executive Director, Stephanie Catarino Wissman, has claimed additional taxes on the natural gas industry could harm Pennsylvania consumers and curtail job creation and energy development.

Black Mountain Oil and Gas has announced the closing of it’s equity agreement with Natural Gas Partners.

The administration’s final budget proposal signals a lame duck assault on American consumers, jobs and the US economy, according to API President and CEO Jack Gerard.

American Gilsonite Company Inc. has announced the appointment of David G. Gallagher as President and CEO, effective immediately.

The UK subsea sector will have the opportunity to further bolster its international profile next month at the largest oil and gas exhibition in Australasia.