Oil & gas news

A JIP to standardise subsea processing systems has been kickstarted by DNV GL, Petrobras, Shell, Statoil and Woodside.

Superior Drilling Products Inc. has reported the completion of a new US$3 million credit facility.

Deepwater expenditure forecast to total US$137 billion between 2016 and 2020, representing a 35% decline on 2015 forecast.

Falcon Oil & Gas Ltd. has provided updated information for its operations in Australia, South Africa and Hungary.

Kirby Corp. has announced the signing of an agreement to purchase the inland tank barge fleet of Seacor Holdings Inc. from subsidiaries of Seacor for approximately US$88 million in cash.

VIKING is meeting the demand for replacing expiring units with exactly the same brand, and provides a solution for shipowners replacing conventional air pressured EEBD’s.

The company's strategy review has been updated a possible sale or third party merger.

The Apollo and Dundas partnership offers clients an integrated service to support and manage their decommissioning activities.

The MVP is a wellbore isolation tool designed to reduce time to production.

Andrew Courtney, Operations Director for Surface Technology, discusses how companies in the oil and gas sector should be looking to introduce new approaches to repair and refurbish their equipment to increase efficiencies throughout the current sector downturn.