Oil & gas news

The award is a recognition of high safety standards within STS process.

Geospace Technologies Corp. has announced its programme to reduce its operating costs in light of declining product demand brought about by lower and turbulent crude oil and natural gas prices.

Approximately 100 entries were received this year, a record since the awards were re-launched in 2011.

Faroe Petroleum has reported the commencement of the Kvalross exploration well 7224/2-1 (Faroe 40%).

The investigation encountered variable calcareous sediments and delivered results to support a jack-up drilling campaign.

The 'SaaS' solution will standardise engineering information for the largest oilfield project in the Azerbaijan sector of the Caspian basin.

The CJ54 cantilever drilling jack-up has recently received full basic design approval from ABS and DNV GL.

WPX Energy Inc. has sold its San Juan Basin pipeline gathering system to I Squared Capital as a means of reducing its net debt.

Hannon Westwood reports on 2015 drilling activity, results and M&A transactions in NW Europe.

Bibby HydroMap has announced that Rob Spillard has joined the company as its new Technical Director.