Oil & gas news
Dril-Quip Inc. announces Q1 2016 results
Both gross margins and earnings per share results exceeded have exceeded the company's expectations for the quarter.
GE Oil & Gas signs partnership agreement with Iraq Ministry of Oil
The first-of-its-kind partnership agreement aims to strengthen the performance of the Iraqi energy sector.
Trelleborg talks floatover developments at OTC Houston
An upturn in floatover installations has led to more sophisticated technology developments.
EMC to provide broadband communications for global vessel fleet of oilfield services leader
Mission-critical operations to benefit from global solutions and support.
BP Q1 2016 results
The results show that BP is approaching its near-term goal of rebalancing its cash flows and maintaining a strong operational performance.
Peak reaches major milestone
Peak Well Systems’ SIMULTRA retrievable bridge plug has received a V0 certification at 10 000 psi.
Retrievable bridge plug receives V0 certification at 10k psi
Peak Well Systems is a specialist in the design and development of advanced downhole tools for well intervention.
Husky Energy to sell partial interest in select midstream assets
Husky Energy is to sell 65% of its ownership interest in select midstream assets in the Lloydminster region of Alberta and Saskatchewan to Cheung Kong Infrastructure Holdings Ltd and Power Assets Holdings Ltd.
Torchlight and Founders commence drilling of their next Orogrande well
Torchlight Energy Resources Inc. has announced that drilling has commenced on the next well in the Orogrande Project, the University Founders B-19 #1.
NSL awarded global contract
NSL, ASCO Group’s global lifting and rigging specialist, has been awarded a significant contract with Italian drilling and EPCI company Saipem S.p.A.