Oil & gas news

EFC Group has been awarded contracts with major oil and gas drilling contractor companies to the value of £3.65 million.

Claxton, an Acteon company, has installed more than 5000 conductor guide centralisers, making the company the market leader for conductor centraliser installation in the North Sea.

New report proposes fiscal changes to support investment and encourage exploration.

The PSA has carried out an audit of Premier Oil and the Bream development.

McDermott International, Inc. has completed the installation of a 3086 t central processing platform.

Initially scheduled to be shut down during 2014, the ambition is now to extend the life of the Norne field to 2030.

Sweden's Lundin Petroleum have announced that its 2015 development, appraisal and exploration budget will be almost one-third lower than last year's budget.

EY looks at North American oil and gas IPOs and has said that MLPs continue steady growth.

During 2013 and 2014, the gas development program at the Cooper Basin primarily focused on close space infill drilling at the Cowralli, Moomba North and Big Lake fields.

Oil market oversupply may last months or even years, but prices could recover if non-OPEC producers "act rationally".