Oil & gas news

PDVSA, Roffco and IMR Global Supply Ltd have completed the first ever project to replace large diameter steel oil pipelines with flexible oil lines.

WFS Technologies, Focus Subsea and Aquip Systems are to demonstrate the Seatooth wirelessly enabled products at iTech’s test tank facilities.

The Ministry of Petroleum and Energy has awarded five licences to Statoil in the 23rd licensing round, four as operator and one as partner.

Petronas has recorded a group pre-tax profit of RM6.8 billion for 1Q16, 60% lower than the RM17.0 billion posted in 1Q15.

The Norwegian Petroleum Directorate has granted Tullow Oil Norge AS a drilling permit for wellbore 16/5-6.

The Sri Trang-1 exploration well in the Northern Gulf of Thailand has been spudded.

The Economist Intelligence Unit has announced that it maintains its forecast that Brent will average US$40/bbl in 2016.

The President’s ‘E’ award recognises the company’s significant contribution to the expansion of US oil exports.

The Norwegian Petroleum Directorate has granted a drilling permit for well 30/4-3 S in production licence 040/043.

Ikon Science and Fugro have combined forces to tackle wellsite related geohazards and bring a new solution to market.