Oil & gas news

Everybody’s talking about the fall in oil global prices. But what does it really mean for producers, operators and the service companies that support them?

Norwegian Energy Company ASA in January 2015 produced 4353 boe/d.

The continuing fall in oil prices over recent weeks supports the view that markets could remain comparatively weak for 2015 as a whole.

Some of the latest announcements from the global oil and gas sector.

Statoil have chosen an unmanned wellhead platform as the concept for the Oseberg Future development phase I project in the North Sea.

Otto Marine's chartering order book has increased by up to US$64 million with two PSVs long-term charters contracts to global oil major.

BMT Asia Pacific has opened its first ever environmental testing facility in Jakarta, Indonesia

Puma Energy has announced its backing of the World Seven Series qualifiers - the PNG Pukpuk Sevens Men’s team.

Cascade Drilling L.P. completes acquisition of Vironex Environmental Field Services, Inc.

The agreements are with the Algerian state-owned company, Sonatrach.