Oil & gas news
Subsea 7 announces resizing and cost reduction measures
The company is to make significant reductions to its global workforce and active vessels.
Algerian Minister of Energy meets Eni's CEO
During the meeting, Claudio Descalzi and Amine Mazouzi signed an agreement propaedeutic to the extension of the production licenses for the ROD reservoir.
ITOCHU Corp. and CITIC Resources sign MoU
ITOCHU Corp. has announced the signing of a MoU with CITIC Resources Holdings Ltd, for collaboration in oil and gas exploration and production.
AccessESP names new Asia Pacific Region Manager
AccessESP has appointed Ed Sheridan as its Asia Pacific Region Manager.
Baker Hughes service boosts efficiency and drilling economics
The WellLink service is designed to reduce invisible lost time by transforming the complex data buried within legacy applications, drilling reporting systems and data streams into real time information.
Subsea UK to hold first networking event in Great Yarmouth
The event will focus on underwater activity in the oil and gas, defence, oceanology and marine renewables industries.
First anniversary for Vallourec’s South Africa office
The objective of the office in Johannesburg is to be geographically closer to key African markets, especially South Africa and Mozambique.
Essar Raniganj Block hits production milestone
Essar's Raniganj block has become India's first coal bed methane asset to cross the 1 million mpd production milestone.
IndianOil, OIL and BPRL sign agreement with Rosneft
Indian Oil Corp. Ltd, Oil India Ltd and Bharat PetroResources Ltd have signed the definitive agreement to acquire up to 23.9% shares from Rosneft.
Marsol International supports OOCEP’s first crude oil export from MGP terminal
The Musandam gas plant, located on the west coast of the Musandam peninsula, has a processing capacity of up to 20 000 bbls of crude; 45 million ft3 of gas and 75 t/day of LPG.