Oil & gas news

KCA Deutag has secured a contract with Brunei Shell Petroleum (BSP) for the construction and operation of a new build land rig in Brunei.

Hibiscus Petroleum Bhd is buying Talisman Pty Ltd, which includes a 25% stake in the Kitan producing oilfield in the Timor Sea for US$ 18 million.

Circle Oil has reported preliminary final results for 2013, with operating profit in line with the company’s estimate of US$ 32.4 million.

Douglas-Westwood examines how the recent upheaval in Iraq poses a threat to oil production growth.

A selection of upstream oil and gas news stories from this week.

On Monday 23 June, the Women’s Engineering Society will celebrate its 95th birthday.

A new study has found that oil and gas boosts European government treasuries by more than € 400 billion annually.

National Oilwell Varco has selected Cat dealer Al Bahar to provide power solutions for a land drilling rig in Dubai.

Oil markets have gradually been tightening over the last two years while the supply outlook indicates an increasing downward pressure on oil prices.

Using specialised equipment, Volga-Dnepr Airlines were able to load a 24 m long oil and gas drilling rig bound for Mirny in Russia.