Drilling & production

Hibiscus Petroleum Bhd is buying Talisman Pty Ltd, which includes a 25% stake in the Kitan producing oilfield in the Timor Sea for US$ 18 million.

Circle Oil has reported preliminary final results for 2013, with operating profit in line with the company’s estimate of US$ 32.4 million.

Douglas-Westwood examines how the recent upheaval in Iraq poses a threat to oil production growth.

A selection of upstream oil and gas news stories from this week.

On Monday 23 June, the Women’s Engineering Society will celebrate its 95th birthday.

A new study has found that oil and gas boosts European government treasuries by more than € 400 billion annually.

Oil markets have gradually been tightening over the last two years while the supply outlook indicates an increasing downward pressure on oil prices.

Using specialised equipment, Volga-Dnepr Airlines were able to load a 24 m long oil and gas drilling rig bound for Mirny in Russia.

KBR Inc. has announced its first quarter financial results.

BP has released its Statistical Review of World Energy 2014. This article outlines its findings in regards to natural gas consumption, production and trade.

Damen has been awarded a remodel the Rowan Viking, a Keppel Fels ‘N’ Class Drilling Rig active in the North Sea.

The industry’s first documented results from Onboard DC Grid vessel confirm fuel and noise reduction.

The group is actively looking for investment opportunities in Russia.

Bowtech Products Ltd, a provider of subsea vision systems, is delighted to support the secondary school underwater robot competition.

Statoil Petroleum, operator of production licence 615, has competed the drilling of the dry wildcat well 7324/2-1, in the Barents Sea.