Oil & gas news

World’s largest oil and gas conference and exhibition marks a milestone in technical achievements and innovations.

A new procedure from Hardbanding Solutions by Postle Industries has been shown to significantly increase service life.

International Frontier Resources Corporation has provided a drilling update on its onshore oil and gas block Tecolutla, and its Mexican joint venture, Tonalli Energia, a 50-50 joint venture with Mexican petrochemical leader Grupo IDESA.

Solo has confirmed the completion of the acquisition of an additional 5% interest in Horse Hill Developments Limited as previously announced on 27 February 2018.

The acquisition of Maersk Oil allows the Group to reinforce its existing leading positions in the U.K. and in Norway, as well as to enter Denmark, making Total the second-largest operator in the North Sea.

The National Subsea Research Initiative (NSRI) has appointed Tony Laing as its new director of research and market acceleration.

According to Rystad Energy’s latest assessment, Halliburton has surpassed 4 million horsepower by adding roughly 700 000 horsepower since the first quarter of 2017.

Energy services company Proserv has entered into a restructuring agreement with its principal lenders which will strengthen the long term financial structure of the company.

Forum Subsea Technologies and BluHaptics, Inc. have announced a joint agreement enabling technologies from both companies to be combined to provide solutions for ROV and subsea engineering applications.

In a still challenging market overall, the Group achieved a robust 22% growth in fourth quarter revenue year-on-year.