Oil & gas news

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.

The well will now be completed, tested and connected to existing infrastructure. SDX expects to provide a further update on testing results in early April.

Wood has been selected to develop the world’s largest fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia.

The deals will see the firm supplying four of its Remotely Operated Vehicles (ROVs) to academia and the aquaculture industry.

Janette Marx, COO at Airswift, discusses gender inequality within the energy sector, and possible solutions to introduce more women into the workforce.

The Company increased proved reserves by 20% or 1 756 000 bbls after production and increased proved plus probable reserves by 18% or 2 837 000 bbls after production.

Trinity, the independent E&P company focused on Trinidad and Tobago provides an update on its operations and unaudited financial position for the 12-month period ended 31 December 2017 in advance of publishing the Group’s 2017 audited full-year results in May. 

Cutting the US deepwater royalty rate from 18.75% to 12.5% for new leases, as proposed by the US Royalty Policy Committee in its meeting on February 28, would significantly improve the attractiveness of the country’s fiscal regime, according to GlobalData, a leading data and analytics company.