Schlumberger has acquired Peak Well Systems, a Perth-based company focussed on the design and development of downhole tools for flow control, well intervention and well integrity.

Australian companies Bridgeport Energy and Metgasco have accepted Queensland Government offers to explore for petroleum and gas in the Cooper Basin.

Australian oil and gas company Santos will sell a 50 per cent interest in the Mereenie oil and gas field in the Northern Territory to Macquarie Group, which will join Central Petroleum as owners of the asset.

Australian oil and gas company Santos has raised more than $1 billion through a share placement to institutional investors in the first part of a $1.5 billion capital raising it announced earlier this week.

Oil and gas company Santos has launched a new strategy that will see it focus on its key assets and spin off its non-core business into a new company.

Origin Energy has announced plans to divest its upstream business assets in an effort to reduce debt and focus on its energy markets and gas business.

BHP Billiton has won a bid to acquire a majority share in the deep-water Trion oil field project in the Gulf of Mexico.

BP is moving forward with the US-based Mad Dog oil project, which includes BHP Billiton as a key partner, at a considerably lower development cost.

Global oil prices surged significantly overnight after OPEC took the surprising move to cut production from January next year.

The industry body has expressed support for the Australian Government’s decision to review the petroleum tax system in the country.

The Federal Government has launched a review into Australia’s underperforming petroleum resource rent tax (PRRT).

Water produced when coal seam gas (CSG) is extracted from below ground can be safely re-injected hundreds of metres underground, according to new CSIRO research.

Huawei continues to expand into the oil and gas sector, exhibiting industry solutions at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2016.

Emerson has released the Fisher Type 119EZ and 119EZS main burner valves for burner systems used in oil and gas production.

GE’s oil and gas business and supplier of oilfield services, products, technology and systems Baker Hughes are combining to create an oilfield technology company.

Santos has announced the sale of its Victorian gas assets to Copper Energy for $82 million, exiting from offshore Victoria.

Oil prices have crept up higher after with recent figures showing hefty draws in diesel and petrol, offsetting the first crude inventory build in six weeks.

Gold Road Resources will commence early works on its Gruyere Gold project following a grant of Miscellaneous Licenses from the Department of Mines and Petroleum.