Steam operations begin at Edam East in Saskatchewan

Husky Energy Inc., Calgary, has started steam operations at the 10,000-b/d Edam East heavy oil thermal project in Saskatchewan. Production is expected to begin early in the second quarter. Source: News


Petronas slashes budget by billions, makes up to 1,000 jobs redundant

Malaysia’s state-run Petronas plans to reduce capital and operating expenditures by $12 billion over the next 3 years, starting with $3.6-4.8 billion in 2016. The move comes with a companywide reorganization that will result in about 1,000 redundancies. Source: News


UBS: Petrobras to cut more rig contracts

New cuts to ultradeepwater drilling plans by Petroleo Brasileiro SA (Petrobras) aggravate strains on the Brazilian holding company Sete Brazil and on the offshore drilling industry generally, according to UBS Securities LLC. Source: News


Production drilling started on Johan Sverdrup development

Production drilling has commenced on the first of a total of 35 wells to be drilled during Phase 1 of the Johan Sverdrup field development offshore Norway in the North Sea, operator Statoil ASA reported. Source: News