Oil & gas news

IP Week 2016 has shown that an energy transition is underway, with anticipated growth in renewables and nuclear in previously oil and gas dominated regions.

Pura Vida Energy NL has announced that the company is a party to a farmin agreement and joint operating agreement with a subsidiary of Freeport-McMoRan Oil & Gas.

Europa has been awarded a new licensing option in the southern Porcupine Basin, offshore Ireland as part of the 2015 Atlantic Ireland round.

The average full-cycle breakeven price for an offshore planned project in the country is now US$58/bbl of oil equivalent.

WEG W22 motors, used by Paragon Offshore for jackup operations in the North Sea.

ClearSign Combustion Corp. has it has received an order for its for Duplex™ Technology from Advanced Combustion & Process Controls Inc.

The company has invested £500 000 in state-of-the-art equipment for its Peterhead, UK facility.

Pacific Exploration & Production Corp. has announced it is actively working with its creditors pursuant ensure the long-term viability of its business.

Aker has provided a summary of its financial highlights during the last quarter of 2015.

The vessel will be used to support long-term oceanographic observation programmes.