Oil & gas news

Mermaid Maritime Public Co. Ltd has reported that Mermaid’s subsidiaries have recently been awarded six different subsea works in the Asian region with an estimated aggregate contract value of US$15 million.

The highlights from the report shows that rising oil demand coupled with falling US crude production has contributed to a price increase.

The Super Stomper, allows multiple jack cylinders to operate over a single large walking foot, which allows the rig to operate at much lower ground bearing pressures.

Independent Oil and Gas plc has announced that the appraisal well on the Skipper oil discovery which lies in Block 9/21a in licence P1609 in the Northern North Sea, is scheduled to be drilled in July 2016.

API Executive Vice President Louis Finkel has welcomed a report from Speaker Ryan's Task Force on Poverty, Opportunity and Upward Mobility.

According to the EIA, most natural gas production growth is expected to come from US shale gas and tight oil plays.

ENGIE E&P Norge has increased the gas production on Gjøa by 17.5%.

Global Maritime Consultancy & Engineering has appointed Mikal Grure Eie as Regional Manager for Norway.

The provider of specialised plug and abandonment and slot recovery technology and services, has appointed Paul Warwick as a non-executive director and Adrian Bannister as chief financial officer.

The control and instrumentation firm has launched the latest generation of its Travelling Block Monitor drill floor safety management system.