Exploration

Services introduced to meet rising demand for maintenance on existing assets.

Ecopetrol Group has announced its results for the 4Q15 and the year ended 31 December 2015.

Pemex has been cutting spending in order to adjust their budget to an oil price of US$25 per barrel.

A ten year finance package of €7.5 million marks this as a key investment in research.

Petrofac has launched a new online training course, approved by the Department of Energy and Climate Change (DECC), to address oil spill preparedness.

DNV GL has announced the appointment of Ditlev Engel as the new CEO of its Energy business area.

InterOil Corp. has provided an update on the appraisal drilling on the Antelope field in Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.

Bureau Veritas’ new asset integrity management system leverages dassault systèmes’ 3DEXPERIENCE platform’s unified, collaborative digital environment.

Canacol Energy Ltd has announced that Oboe 1 has tested at a final rate of 27 million ft3/d of dry gas.

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Malaysia BV (Lundin Malaysia) has completed the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.

ExxonMobil is achieving industry leading financial performance throughout the commodity price cycle by maintaining a focus on the fundamentals.

Statoil Exploration (Ireland) Limited has been awarded six licensing options in Ireland’s 2015 Atlantic Margin Licensing Round.

Subsea 7 S.A. has announced it has secured an extension to the existing contract (worth between US$50 million and US$150 million) by BP Exploration Operating Company Ltd.

Wintershall Norge AS, operator of production licence 611, is in the process of completing the drilling of wildcat well 7224/2-1. The well is dry.

The SPA with Det norske oljeselskap is for the sale of Noreco's remaining exploration licences, employees and a cash balance of NOK 45 million.