Oil & gas news

The board of directors has reached an agreement with Rex W. Tillerson, former chairman and CEO, to sever all ties with the company to comply with conflict-of-interest requirements associated with his nomination as secretary of state.

LGO has provided further update on its plans to recommence production drilling at the Goudron Field in Trinidad following its announcement of 21 December 2016.

Halliburton has announced the release of Cruzer™ depth-of-cut rolling element, an innovative drill bit technology designed to increase tool face control without reducing drilling efficiency.

Parker Hannifin has extended its range of distribution manifolds with a new low pressure version. Known as the Air Header Distribution Manifold, this product is approved to operate at pressures up to 275 psi.

InterAct is pleased to announce that Francois Florence has joined its team as a Senior Reservoir Engineer.

The past year has undoubtedly been one of the toughest for the oil and gas industry in recent memory. Douglas-Westwood consider three key themes that could shape the industry over the year ahead.

On 30 December 2016 Statoil and Wintershall Norge completed their previously announced transaction, whereby Statoil has acquired Wintershall’s 25% interest in the Byrding project on the Norwegian Continental Shelf (NCS).

Marking the fifth anniversary of its presence in the Southeast Asian marine lubricants market, LUKOIL Marine Lubricants hosted a reception in Hong Kong.

Three year cranes and lifting scope covers all Norway’s defence estate.

Charlotte Bishop, Remote Sensing Projects Manager, NPA Satellite Mapping, CGG, has been elected as Chair of the Geological Remote Sensing Group (GRSG).