Oil & gas news
Kværner ASA: Q4 2015 results: steadily strengthening solidity
The results reinforce Kvaerner's already strong financial position and resilience against market conditions.
Saudi Arabia & Russia agree to freeze oil output
Major oil producers (including Venezuela & Qatar) also agreed to freeze output at January 2016 levels.
BM acquires Delta Subsea
Bhagwan Marine has announced it has completed a transaction to acquire Perth based company Delta Subsea.
Unconventional gas is structurally changing global gas markets
According to a new World Energy Council study, which looks at where and how fast the revolution is taking place.
NUTECH partners with WellDatabase, introduces NuQuest
NuQuest is a digital platform providing standard well data coupled with corresponding reservoir characterisation, and engineering expertise.
New generation of propulsion to power complex offshore vessels
ABB’s new Azipod D and energy storage solution to feature on two high tech specialised offshore vessels
Steel cut for Johan Sverdrup
Haugesund mayor Arne-Christian Mohn started the machine cutting the steel for the Johan Sverdrup drilling platform.
Bhagwan Marine secures Russian contract
Bhagwan Marine has announced the signing of a multi-year, multi-vessel contract to provide marine support to American company, Foss Teras Marine.
Laughton-1 well drilling operations commence
Egdon Resources plc has announced the commencement of drilling operations at the Laughton-1 exploration well in UK Onshore Licence PEDL209 located in Lincolnshire.
API applauds bipartisan passage of customs reauthorisation
API applauded the bipartisan passage of H.R. 644, Conference Report to Accompany the Trade Facilitation and Trade Enforcement Act.