Oil & gas news
BP estimates all remaining material Deepwater Horizon liabilities
BP predicts it will take an after-tax non-operating charge of around US$2.5 billion in its 2Q16 results.
Baker Hughes significantly expands e-commerce portal
The company plans to add products from its artificial lift, production chemicals, drill bits product lines, as well as reservoir software.
Mott MacDonald to provide multidisciplinary engineering services to Alghanim International
Mott MacDonald will deliver design and detailed engineering of the RHMs for the incoming lines from wellheads to gathering centres.
Fugro awarded Geotechnical site investigation contract
Fugro has been awarded a geotechnical site investigation contract by ONGC India for the KG-DWN-98/2 project on the East Coast of India.
Unconventional technologies could boost reservoir recovery
Analysis from IHS Market shows break-even costs to develop these projects much lower and infrastructure is already in place; ‘sleeper’ plays also identified.
Successful ROV expedition in deepwater in the Norwegian Sea
The NPD has carried out four successful ROV (dives and has acquired depth data (bathymetry) near the Vøring Spur in the western Norwegian Sea.
Global land drilling rig market to recover
According to Douglas-Westwood’s World Land Drilling Rig Market Forecast, a recovery in commodity prices and an increase in drilling activity will prompt market growth in 2017.
Jacobs wins contract for Sipchem facilities in Saudi Arabia
Jacobs Engineering Group Inc. announced it received a 3 year contract from Saudi International Petrochemical Co.
Woodside awards OneSubsea an integrated EPC contract
Subsea production and boosting technology for Greater Enfield Project, offshore northwest Australia.
House of Representatives takes action to advance Interior-EPA Appropriations Act
The API has applauded the House of Representatives for passing H.R. 5538, the Fiscal Year 2017 Department of the Interior, Environment, and Related Agencies Appropriations Act.