Drilling & production

The owners of US oil and gas companies are largely retirees and middle class Americans, according to a report by Sonecon.

GE Oil & Gas has won the APICS Corporate Award of Excellence in Innovation.

SBM Offshore has announced the launch of two new companies – Imodco Terminals S.A. and Imodco Services S.A.

Tesla Exploration, Calfrac Well Services, NanoSeis, Reservoir Imaging and Silixa have formed a new alliance serving Canada.

Mayank Ashar will take over the roles from 17 November.

The award went to AMEC with technology partner DAI.

The new organisation has been tasked with collaboratively enhancing offshore flight safety.

Schlumberger Limited reported third quarter 2014 revenue of US$ 12.6 billion.

Check-6 has announced the launch of the company’s Checklist Ops with RIGOR, an intuitive checklist-based mobile app.

The company has successfully finished a specialist foundation installation for the Etame Marin block field expansion project, offshore Gabon.

The API has released a summary of reports that agree that crude oil exports would put downward pressure on gasoline prices.

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.

Cue will assume operatorship with a 100% interest in the PSC and drill the remaining commitment well in the PSC.

The API has said that the US Government Accountability Office’s recent report reaffirms the economic benefits of crude exports.

The US GAO has said that allowing exports could reduce consumer fuel prices, and the size of the strategic reserves should be reexamined.