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Allan Metson, Smith Flow Control, UK, discusses new directions in valve safety in the oil and gas industry.
Lundin Petroleum signs farm-out agreements in Malaysia
Lundin Petroleum AB has signed farm-out agreements with certain wholly owned subsidiaries of DYAS B.V. for part of its working interests across three Production Sharing Contracts in Malaysia.
Statoil to explore offshore Uruguay
Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay.
Douglas-Westwood: coming decommissioning boom to be driven by UK
Decommissioning companies are one of the few groups likely to benefit from industry downturn.
Canada's energy future
The NEB has released its latest report, entitled ‘Canada’s Energy Future 2016: Energy Supply and Demand Projections to 2040’.
Russian position on oil production moving, but deal still unlikely
Russian Energy Minister Alexander Novak confirmed Russia’s readiness to meet with producers to discuss oil production.
Cameron announces results for 4Q15
Cameron reported fully diluted earnings per share of US$1.08 for 4Q15, compared to US$1.34 for the same period in 2014.
Russian position moving, but deal still unlikely
ESAI Energy LLC reports on possible Russian reaction to continued downturn.
Lundin Petroleum announces its 2016 budget and updated reserves
The budget shows a 26% decrease in US capital expenditure.
Petrobras to remodel structure and governance
Restructuring will align company with oil and gas sector’s new reality and increase oversight of executives’ decisions.