Oil & gas news

Fugro has delivered a high quality motion dataset for deepwater riser monitoring.

KBR has announced strong bookings in its hydrocarbons and IGP segments for the second quarter of 2014.

A new report from Fitch Ratings has said that exploration and production costs did not put pressure on oil prices in a meaningful way in 2013.

Honeywell will upgrade process control and alarm management systems at the Molikpaq platform on the Sahkalin shelf, Russia.

Vermeer introduces the second HDD in its new S3 series.

Continued recovery in volumes, transmission order book reaches record €3 billion.

Oando Energy Resources has completed its acquisition of ConocoPhillips’ Nigerian oil and gas business.

TGS has reported net revenues of US$ 205 million in Q2 2014, compared to US$ 210 million in Q2 2013.

GlobalData has said that higher North American oil output levels will reduce OPEC members’ production in 2014.

The Norwegian Petroleum Directorate has granted Statoil a drilling permit for wellbore 7327/9-1.