Drilling & production

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.

Persistent low crude oil prices provide opportunity for industry to reinvent itself, says GlobalData Analyst.

GEA Mechanical Equipment recently delivered the first retrofit plant to a drilling platform offshore Alaska.

The benefits remain significantly limited at higher prices compared to other fiscal regimes in the Americas.

3 different sizes of flowmeters were shipped for measurement at different flow rates.

Brent crude prices eased in March versus February with no sign of a supply cut back.