Oil & gas news

Suncor has agreed to acquire a further position in Syncrude, purchasing the 5% interest, effective April 2016.

The latest contract builds on Wood Group’s continued support of BP operated projects.

Falcon Oil & Gas Ltd has provided the following technical and operational update for its operations in the Beetaloo Basin, Australia.

Aker Solutions has provided a summary of their financial highlights for the first quarter of 2016.

Honeywell Process Solutions has announced it has established a new business unit to help manufacturers harness the Industrial Internet of Things.

Technip has announced the signing of a 4 yr extension of its 5 yr initial contract with Petrobras S.A. for its Flexible Pipes Logistic Base.

The Safe-Stop Modular Shut Down System works in conjunction with the pressurised Petro-Habitat HWSE to provide safety whenever hot work is conducted in the vicinity of potential flammables.

Canada's National Energy Board (NEB) projects that both Canada's natural gas production and its domestic natural gas consumption will increase through the next decade.

Jenny Amalfi, Learning and Development Director, Airswift, looks at methods of unlocking an organisation's core competencies during the industry downturn.

Current predictions are that a global oil supply shortfall of 4.5 million bpd could be possible by 2035 if exploration results do not improve.