Oil & gas news

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.

Petrobras has saved US$1 billion in cost reductions, design optimization and productivity gains since it launched its Well Cost Reduction Program.

The United States District Court for the Eastern District of Louisiana ruled on the issues raised in the Phase 2 trial of the Deepwater Horizon case.

Chicago Pneumatic has launched the new CP6135-D80?super industrial 1½ in. impact wrench.

James Walker has launched a method of positive material identification for its range of Devlon® thermoplastics.

Wentworth has an 11.59% net interest in this well, which is being operated by Anadarko and drilled with the Helmerich & Payne rig #243.

BG Group has commented on the start-up of gas and condensate production from the Total-operated West Franklin field in the UK North Sea.

Statoil has applied for consent to drill exploration well 16/7-11 in a prospect named Knappen.