Oil & gas news

Gunvor Group has completed the sale of the Novorossiysk Fuel Oil Terminal to a subsidiary of OJSC Transneft.

The contract is to support Fairfield Energy in its North Sea well plugging and abandonment campaign.

Offshore accommodation and workspace specialist HB Rentals has been awarded a contract with Prosafe worth in excess of £1 million.

The service has been developed in light of significant market challenges in the upstream oil and gas market.

Ecopetrol Group has announced its results for the 4Q15 and the year ended 31 December 2015.

Arnlea Systems awarded contract by SBM Offshore to rollout its Intrinsix Ex inspection system.

Review of inaugural business breakfast event.

Pemex has been cutting spending in order to adjust their budget to an oil price of US$25 per barrel.

Exploration well 16/4-10 is located on the southern flank of the Utsira High in the North Sea and is dry.

Company named P&A Pioneer at the DecomWorld Awards 2016.