Oil & gas news

NEL has developed a novel method for calculating Reynolds numbers in real time, helping the O&G industry to significantly reduce financial exposure of heavy oil flow measurement.

Fagioli and RINA Services work to ensure smooth installation of colossal Hebron platform topsides.

A definitive agreement with a subsidiary of Venado Oil and Gas, LLC , an affiliate of KKR, covers the sale of SM Energy's third party operated assets in the Eagle Ford, including ownership interest in related midstream assets, for US$800 million.

Statoil plans to drill around 30 exploration wells in 2017, an increase of around 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS).

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.