Oil & gas news
Lukoil starts commercial production at Vladimir Filanovsky field
The V. Filanovsky field is Russia’s largest oil discovery for the past twenty five years.
N-Sea increases capabilities with addition of new vessel
N-Sea, has increased its fleet through the addition of Siem Offshore’s offshore subsea construction vessel, the Siem Barracuda.
Western Flank oil exploration success at September-1
The company has announced that oil has been discovered within the Poolowanna Formation.
BP announces 3Q16 results
BP has reported strong financial results from the third quarter of 2016.
M² Subsea snaps up 32 best-in-class ROV assets following investment
Aberdeen and Houston based M² Subsea Limited has attracted the investment from a fund advised by Alchemy Special Opportunities.
Emerson announces agreement with IPRES
Complementary IPRES software brings sophisticated financial analytics to enhance recovery and improve production forecasting.
Statoil submits Trestakk plan for development and operation
The project will be tied back to the Åsgard A oil production vessel, with planned production startup anticipated in 2019.
New Schlumberger reservoir laboratory opens in Abu Dhabi
Comprehensive reservoir and rock analysis portfolio now available.
GE & Baker Hughes agree to create fullstream digital industrial services company
Complementary transaction combines GE’s oil and gas technology, manufacturing and digital platform with Baker Hughes’ oilfield services offerings and technologies
Reuters: GE nears US$30 billion deal with Baker Hughes
The Wall Street Journal has reported that the deal would involve merging with GE.