Oil & gas news

Lundin Petroleum’s 2P reserves as at 31 December 2017 are 726.3 million boe and reflect a positive revision of 45.8 million boe, excluding sales.

According to GlobalData, analysis of the global planned CDU capacity of refineries shows that China has the highest planned CDU capacity additions globally, followed by Nigeria and Kuwait.

Millennials are seeking work in the O&G industry at increasing rates and will account for nearly 41% of the workforce – a 20% increase – by 2025, according to a new IHS Markit study commissioned by the American Petroleum Institute.

Transocean Ltd. has announced that it concluded its extraordinary meeting of shareholders approving all of the proposals related to the acquisition of Songa Offshore SE.

The Uaken 1 exploration well in the Fell block in Chile has been drilled and completed to a total of 3658 ft.

Vantage Drilling International have signed a contract which continues their working relationship with their client CPOC.

The company are to provide pre-lay mooring products and services to the Deepsea Bergen semisubermersible drilling rig on the Norwegian Continental Shelf.

The proceeds of the US$53 million transaction will be used to partly repay Ithaca's existing bank debt facilities.

NOV Tuboscope tasked Caley Ocean Systems with creating a pipe press to join X65 carbon steel pipes with a 16 in. diameter and one-inch wall thickness using a mechanical interface – a large step away from traditional welding methods.

Bibby Offshore Holdings Limited has announced that it has completed the recapitalisation of its balance sheet announced on 5 December 2017.