Oil & gas news

Production from the B3 platform will allow Marathon Oil to convert approximately 130 million boe of proved undeveloped reserves.

LUKOIL Marine Lubricants has opened a new branch office in Hong Kong.

Under the terms of the agreement, Woodside is to acquire 100% of ConcoPhillips’ shares for a purchase price of US$350 million.

Independent drilling fluid specialist FOCUS has strengthened its environmental team with the addition of two new staff members.

Uxpanapa is the the fifth jackup rig built by Keppel AmFELS for Perforadora Central and the second based on Keppel's KFELS B Class design.

Global oil supplies rose by 600 000 bpd in June, to 96 million bpd, after outages curbed OPEC and non-OPEC supplies in May.

AFGlobal Corp. has agreed to acquire Managed Pressure Operations (MPO), a subsidiary of MHWirth.

The valve is designed for deepwater applications and is effective at depths in excess of 12 000 ft.

Essar’s Raniganj (East) Block has become India’s first coal bed methane asset to cross the one million metres cubed per day production milestone.

Green Supply will act as Derrick's exclusive oilfield representative in Argentina.