Oil & gas news

Maybank Research pointed out the market has started to accept the reality of a low oil price environment.

Fourth-quarter revenue of US$12.6 billion increased 6% year-on-year.

Jericho Oil Corporation announced that a successful fourth quarter 2014 drilling program on its Eastern Kansas acreage contributed to a record exit.

Companies in the deepwater drilling market have lost more than half of their value over the last year.

Honeywell has expanded its highly popular Otter Premium Protect slip resistant safety footwear line.

Det norske has decided to develop Viper-Kobra, a project that comprises two small discoveries in the Alvheim area.

Companies within the pipeline and gas industry are addressing challenges through the use of innovative 3D virtual planning, simulation and visualisation technologies.

Petrobras now operates more floating production platforms (including self-owned and chartered ones) than any other company in the world, according to Petrodata.

Repsol has completed the exploratory well, which began on 18 November 2014 in the Atlantic Ocean about 60km from Lanzarote and Fuerteventura.

Indonesia has scrapped a land tax that companies pay while exploring for oil and gas, a move that might encourage exploration at a time of concern.