Drilling & production

To support the company’s goals, Colin Graham has been appointed as Norway Country Manager and will be spearheading these efforts.

The Scottish Loan Fund (SLF) will invest £1.5 million of development capital in the subsea technology and engineering firm Ennsub Group.

Douglas-Westwood: 2015 may be the year when nat gas announced itself as the major energy fuel source.

SBM Offshore N.V. has announced that during the Annual General Meeting of Shareholders all resolutions as proposed were adopted.

Projections in EIA's Annual Energy Outlook 2015 show the potential to eliminate net US energy imports between 2020 and 2030.

Total US petroleum deliveries increased by 3.4% from March 2014 to average nearly 19.2 million bpd.

The IEA Oil Market Report for April raised its forecast of 2015 global oil demand by 90 000 bpd.

The Kymera hybrid drill bit with StaySharp cutters reduced pre-salt drilling costs by US$2.1 million.

SM Energy Company has announced that production for the first quarter of 2015 is expected to be 16.8 million boe.

U.S. producers continue to make improvements, with net methane emissions from natural gas production falling 38% since 2005.

Noble Energy has identified the Rhea prospect as its initial target on the PL001 License.

Petroleum and energy minister Tord Lien is opening the Valemon gas and condensate field in the North Sea.

With nearly 100 billion bbls in reserves, the UAE isn’t too alarmed by the current dip in global oil pricing.

Technip has been awarded a front end engineering design contract located in the South China Sea.

Preliminary figures show daily production at around 1 935 000 bbls of oil, NGL and condensate.