Oil & gas news

Coretrax has successfully completed an extensive three year decommissioning contract with global operator Hess Corp.

A new report from Lloyd’s Register Energy reveals that 47% of oil and gas executives say they have fallen short of their innovation goals in 2015.

Decrease in revenue during the third quarter of 2015.

CGG has announced that it has been appointed as technical consultant by the Gabonese Republic's Ministry of Petroleum and Hydrocarbons to help with the promotion of its 11th Licensing Round.

Through advanced training, GE Marine is reinforcing its commitment towards helping to promote more efficient and safe maritime operations in the offshore industry in the Middle East.

Subsea UK is looking to establish a regional hub in the south of England that will bring together businesses across the subsea supply chain to identify opportunities.

Ashtead Technology has invested US$300 000 of its subsea and offshore expertise in new visual inspection tools for deepsea exploration.

Shell have decided to stop its Alberta oilsands project, due to cutting costs in addition to a shortage of pipeline capacity, which constrains the growth of Canada’s oilsands industry.

Resilient US oil production will prompt additional volatility in the market.

The company has announced that the Horizontal Wellbore Production System, which was deployed over the summer, was retrieved in early October.