Oil & gas news

Lundin Petroleum AB updates on forecast fourth quarter 2014 financial performance.

The boss of oil giant BP Bob Dudley has said that oil prices could remain low for up to three years.

The falling oil price has forced the world's biggest mining company, BHP Billiton, to cut its US shale oil operation by 40%.

Acteon company Aquatic recognises 1000 days without a lost-time incident.

The Badada-1 well was spud at 14:00 GMT on 7 January 2015 and has been drilled to a total depth of 918 m.

People Factor Consultants Ltd (PFC) has celebrated the second anniversary of its high fidelity power distribution simulator.

Germany’s Wintershall was awarded eight new exploration licenses by the Norwegian Ministry of Petroleum and Energy.

The new hull design improves versatility, strength and load capabilities for ultra-deepwater and harsh conditions.

Treasury Secretary Jack Lew’s remarks today about taxes paid by the oil and natural gas industry are incorrect, said Stephen Comstock.

The company has achieved contractor member status of the International Marine Contractors Association (IMCA) diving division.