Oil & gas news

James Alexander, professional services consultancy, Procorre, gives an overview of the burgeoning African oil market.

Redhawk has announced it has acquired 3800 prime acres in one of the most productive oil fields in North America, the Permian Basin, for US$3 500 000.

Tullow Oil delivered on its key operational goals during 2015.

Lower fossil fuel prices, and in some cases, lower production, have led to lower severance tax receipts than were expected when revenue estimates were developed.

API President Jack Gerard called on the president to put consumers first and not disrupt America’s energy renaissance with unnecessary, costly regulations.

Roxi Petroleum reports significant improvement in flow rates.

Wärtsilä develops low emission ferry concept falling in line with the Norwegian government's new environmental regulations.

SBM Offshore has reported that Premier Oil plc has awarded the company the Front-End Engineering and Design (FEED) contract for an FPSO for Phase 1 of its Sea Lion development in the North Falkland Basin.

Sundyne launched new low NPSHr, high-flow pump.

A Phase II review of Halliburton's pending acquisition of Baker Hughes is to take place.