Drilling & production

A recent Bank of America report suggests that oil and gas production in the Gulf of Mexico is declining.

ABB has been chosen by Shell as the global supplier for low-voltage switchgear and motor control centres.

Despite growing demand for semisub units, the sector is plagued by constrained global supply and limited availability.

Aker Solutions board of directors has proposed to the company’s shareholders that Aker Solutions be split into two companies.

US Water Services has announced the merger with Texas-based ChemCal Inc.

Kongsberg has teamed up with OMV to deliver global real-time drilling operations support.

Roxi has announced news of a licence extension and of operational progress at its Galaz asset.

SLR Consulting has acquired CCA Environmental, a South African specialist consultancy firm with clients across the oil and gas sectors.

A selection of the best upstream articles from this week.

The International Energy Agency (IEA) has released its oil market report for June.

Tekmar Energy is holding a series of live events to demonstrate its cable protection systems, installation techniques and engineering developments.

Chevron has reported in its interim update that earnings for Q2 2014 are expected to be higher than Q1 2012.

The International Energy Agency discusses the global effects of rising US oil production.

Sparrows has announced annual results which show a 12% increase in turnover and almost 25% rise in profits.

According to the International Energy Agency (IEA), the US is now the world’s biggest oil producer.