Oil & gas news

It is feared that the Arctic regulations could inhibit innovation, technological advancements and US energy leadership.

The company has completed its drilling activities on the Rome Prospect.

API's Quarterly Well Completion Report shows that there has been a 69% decrease in well completions during 2Q16.

GE Oil & Gas may also involve other GE businesses in the collaboration with NOV.

Multi-million pound order for flushing rigs was designed and manufactured in Sunderland.

The company has provided an operational update on its drilling and completions activities on the Taq Taq and Tawke fields.

Total duration including options is 10 years and with an estimated value of NOK 1.2 million.

Awards include an EPCI contract for the accelerated start-up of the Zohr Development Project.

The focus of the project will be to improve seismic imaging techniques.

Findings show that exploration spending has reduced during the second quarter of 2016.