
Lundin slashes 2015 budget by one-third
Sweden's Lundin Petroleum have announced that its 2015 development, appraisal and exploration budget will be almost one-third lower than last year's budget.
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Sweden's Lundin Petroleum have announced that its 2015 development, appraisal and exploration budget will be almost one-third lower than last year's budget.

During 2013 and 2014, the gas development program at the Cooper Basin primarily focused on close space infill drilling at the Cowralli, Moomba North and Big Lake fields.

Oil market oversupply may last months or even years, but prices could recover if non-OPEC producers "act rationally".

Leading Turkish Engineering office will use AVEVA’s Integrated Engineering & Design solution on major greenfield and brownfield projects.

Ampelmann is celebrating another significant achievement in the operation of their systems.

BHP Billiton Sustainable Communities donates AUS$250 000 to the Sampson Flat bushfire relief fund in South Australia.

AccessESP has installed the first rigless ESP conveyance system in Nigeria in the Ukpokiti #4 offshore well.

Chinook Energy Inc. has announced that it has completed the disposition of certain assets located in the Karr area of Alberta.

Shell announced a £55 million settlement agreement with the Bodo community in respect of the two highly regrettable operational spills in 2008.

The company will deliver well construction, operational support, project management and rig intake on the Haribo exploration well.

SM Energy Company announced today that it is beginning a process to sell its assets in areas of Oklahoma, East Texas and Northern Louisiana.

The project will commence in Q1 2015.