Drilling & production

Jericho Oil Corporation announced that a successful fourth quarter 2014 drilling program on its Eastern Kansas acreage contributed to a record exit.

Companies in the deepwater drilling market have lost more than half of their value over the last year.

Det norske has decided to develop Viper-Kobra, a project that comprises two small discoveries in the Alvheim area.

Petrobras now operates more floating production platforms (including self-owned and chartered ones) than any other company in the world, according to Petrodata.

Repsol has completed the exploratory well, which began on 18 November 2014 in the Atlantic Ocean about 60km from Lanzarote and Fuerteventura.

Indonesia has scrapped a land tax that companies pay while exploring for oil and gas, a move that might encourage exploration at a time of concern.

Petrobras has saved US$1 billion in cost reductions, design optimization and productivity gains since it launched its Well Cost Reduction Program.

The United States District Court for the Eastern District of Louisiana ruled on the issues raised in the Phase 2 trial of the Deepwater Horizon case.

Wentworth has an 11.59% net interest in this well, which is being operated by Anadarko and drilled with the Helmerich & Payne rig #243.

BG Group has commented on the start-up of gas and condensate production from the Total-operated West Franklin field in the UK North Sea.

GMB call for North Sea firms not to make decisions on the hoof that could have long-term implications for the UK oil and gas sector.

The president should use next week’s SOTU to embrace policies for a new era of American leadership on energy and jobs, said Jack Gerard.

BP faces a fine of up to US$13.7bn (£9bn) after a US judge ruled that the 2010 Gulf of Mexico oil spill was smaller than initially feared.

Applied Drilling Technology International Limited (ADTI) is targeting growth worldwide as the company prepares for a significant anniversary.

Encana Corporation has completed the previously announced sale of certain Clearwater assets in Alberta to Ember Resources Inc.