Oil & gas news

Real Energy Corporation has commenced drilling on its maiden well in the Cooper Basin, Tamarama-1.

Exploration prospect inventory with total best estimate prospective resources of 1044 billion ft3 of gas and 31.2 million bbls of condensate and LPG.

According to PwC, global economies must reduce emissions at five times the current rate in order to meet the 2 °C temperature rise target.

SulNOx Fuel Fusions has held a public trial of its new Eco Fuels, proving reduced emissions.

Bankers Petroleum is the largest E&P Company in Albania, contributing almost 40% of the country's foreign investment.

Flowserve is to introduce New Bearing Gard bearing isolator at Turbomachinery and Pump Symposia.

Mark Henderson, analyst at Westhouse, retains a ‘buy’ rating for Circle Oil, based on the company’s interim results.

Palfinger Marine has sold a complete offshore crane package to Aker Solutions for the Mariner platform.

Eni, Statoil, GDF Suez, OMV and the Norwegian Coastal Administration have joined Aptomar to form an oil spill JIP.

Veolia group has won a contract to decommission an oil platform in the Norwegian North Sea.