Drilling & production

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.

The contracts are worth S$ 222 million in value.

OriginOil, developer of Electro Water Separation, has announced that Gulf Energy has purchased a US$ 1.4 million CLEAN-FRAC 5000 system.

Speakers will provide critical insights into the role thermoplastics, elastomers and composites.

Tasmania facility hires new diver training.

Christophe de Margerie, the CEO of Total, has died in a private plane crash at Vnukovo Airport in Moscow.

According to the UK government, reforms are needed in order to make the EU Emissions Trading System more efficient.

Scientists have developed new geochemical tracers that can identify fracking flowback fluids that have been released into the environment.

Petrofac is on track to deliver net profit in the range of US$ 580 million – US$ 600 million for the full year 2014.

According to the US EIA, North Dakota’s Industrial Commission has established targets to decrease the amount of gas flared in the state.

The Brookings Institution discusses how falling global oil prices might affect various countries.