Drilling & production

Russian Energy Minister Alexander Novak confirmed Russia’s readiness to meet with producers to discuss oil production.

Cameron reported fully diluted earnings per share of US$1.08 for 4Q15, compared to US$1.34 for the same period in 2014.

ESAI Energy LLC reports on possible Russian reaction to continued downturn.

The budget shows a 26% decrease in US capital expenditure.

Restructuring will align company with oil and gas sector’s new reality and increase oversight of executives’ decisions.

Lundin Petroleum AB has announced that its wholly owned subsidiary, Lundin Malaysia BV, has commenced drilling of the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.

DNV GL hopes that its JIP with leading industry partners as well as academic bodies to accelerate oil and gas technology development.

Natural gas infrastructure projects are expected to increase the reach of natural gas produced in the Marcellus and Utica regions of the Northeastern US.

The spread between Henry Hub and Marcellus natural gas prices has narrowed as new pipeline projects have come online.

The sale is intended to help INPEX optimise its global asset portfolio.

Carnarvon joins Quadrant Energu in Barrow sub-basin oil project.

AWE sells 10% working interest in the Sugarloaf area of mutual interest (AMI) to Carrier Energy Partners II, LLC.

The company has grown more than 10-fold since its launch in January 2015.

Bengal Energy Ltd has announced that the company and its joint venture parties have successfully completed the previously announced hydraulic stimulation programme on ATP 752 Barta Block.

According to the API, the demand for petroleum rose by 1.1% in December 2015.