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Oil & gas news

 

Subsea UK to build regional hub

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.

 
 

Shell to halt Carmon Creek in situ project

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.

 
 
 
 

Statoil Q3 2015 results

Statoil delivered adjusted earnings of NOK 16.7 billion and adjusted earnings after tax of NOK 3.7 billion in the third quarter.