Special reports

BP today updates the financial community on details of its strategy and, in particular, medium-term plans for the next five years, based on oil prices similar to where they are today.

Petrobras and Total have announced that they have signed definitive contracts in relation to the package of assets contemplated in the Strategic Alliance, as defined in the 21st of December, 2016 Agreement.

The company significantly outperformed its initial US$2 billion target for 2016 and delivered a clean CCS EBITDA of US$2.15 billion, which is only moderately down compared with the previous year.

Dr Patrick O’Brien, CEO Industry Technology Facilitator (ITF), argues that the oil and gas industry needs innovation to survive and thrive.

Craig International has signed a global agreement with energy major, Shell to provide services for equipment stock resale.

Now in its fourth year, ITF’s Technology Showcase has become a key fixture in the oil and gas events calendar in Aberdeen.

BP group chief executive Bob Dudley will underline the value of the North Sea in the oil major’s global portfolio when he leads the opening plenary session at SPE Offshore Europe 2017 being held in Aberdeen from 5 - 8 September 2017.

Strategic appointments to strengthen and support growth of energy and infrastructure sectors.

The firm, which specialises in integrity management services, has created five new positions at its UK headquarters. The new roles, which include two senior engineers, a corrosion consultant, a software developer and a technical assistant.

CGG has completed the acquisition and processing of the first ever Airborne Gravity Gradiometry (AGG) survey of the Kingdom of Bahrain.

Rystad Energy research indicates Santos’s Ande-Ande Lumut (AAL) project in Indonesia’s NW Natuna Sea, which holds 107 million boe, could comprise around 20% of the 2017 sanctioned volumes in the APAC region.

The EIA’s Annual Energy Outlook 2017 Reference case projects that US tight oil production will increase to more than 6 million bpd in the coming decade, making up most of total US oil production.

ExxonMobil has awarded to Pason Systems, Inc. the first global license of its Drilling Advisory System™, a key component of the company’s Fast Drill™ technology suite.

When is a final investment decision (FID) not a FID? When it’s an internal FID. By Readul Islam, Senior Analyst, Rystad Energy.

It is vital that the oilfield services (OFS) industry makes a permanent shift in strategy from short-term survival to long-term success, according to analysis published by EY.