Drilling & production

A new report from EY says that oil and gas mega project overruns could cost the industry more than US$ 500 billion.

Drillsearch Energy has announced a new oil discovery at the Balgowan-1 exploration well in the Australian Cooper Basin.

API recommends all Outer Continental Shelf areas be considered in the US offshore oil and gas leasing programme for 2017 - 2022.

BNK Petroleum has announced results for the second quarter and first half of 2014.

SPE Aberdeen last week celebrated its 40th anniversary with over 200 members and guests attending an evening of debate.

Company reveals limited impact of sanctions upon its Russian business.

According to the Norwegian Petroleum Directorate, preliminary figures indicate an output of 1.9 million boepd.

The company has also relocated its Southeast Asia office.

Energyboardroom.com has released a new report that looks at oil and gas on the UK continental shelf.

Kongsberg has been awarded a contract for delivery of extended concept study and pre-FEED to the Statoil Johan Castberg project in the Barents Sea.

Plexus Ocean Systems has formed a new Malaysian joint venture company named Plexus Products (Asia).

Rystad Energy predict that 2014 will be a record year for Brazil’s oil production, forecasting that it will be top oil producing nation in Latin America.

NCS Survey has been awarded a contract for positioning services with subsea umbilicals, risers and flowlines company, Ceona.

EnQuest has released its financial and operational results for the first half of 2014.

Trapoil has provided a corporate update announcing the resignation of board members.