Drilling & production

According to Reuters, US energy firms have cut oil rigs for a fourth week in a row.

According to Reuters, KMG EP is to increase its capital expenditure during 2015 in order to pay for the drilling of additional wells.

According to GlobalData, gas processing capacity is set to increase, driven by the US and the Middle East.

According to Reuters, Statoil has decreased the initial costs of developing the Johan Sverdrup oilfield.

Australia is defending its rights over an oil and gas pipeline in the Timor Sea.

Pan Orient has provided an update on the Akeh-1 exploration well.

Lubbers Logistics BV’s UK Sales Manager won the Rising Star award.

Prysmian Group has signed an agreement to acquire 100% of the privately-held company.

Danick Resources Inc. has announced that His Excellency Jose A. Ruiz has become a member of the company’s Advisory Board.

As of the week commencing 21 September 2015, it has been 20 years since the start of oil production from the Troll field.

Primeline Energy Holdings Inc. has commenced the drilling of its LS23-1-1 exploration well.

Wood Group has announced that it has been awarded a contract from MWCC to provide an operator training simulator.

“Instead of higher taxes and royalty rates that discourage domestic production, policymakers should follow pro-development energy policies...” API states.

Europa Oil & Gas has been granted permission for the Holmwood drilling corridor.

The total aggregate consideration at the time of the announcement was CAN$310 million.