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UK: Consultation on uHPHT allowance welcomed by Oil & Gas UK

Oil & Gas UK welcomes the announcement that the UK government has published a consultation on a new cluster area allowance to support investment in ultra high pressure, high temperature (uHPHT) oil and gas fields. ... more ...

Iraq: Oil Search reports encouraging results at the Taza-2 well in Kurdistan

Oil Search reports that the Taza-2 well in Kurdistan has reached a total depth of 4,200 metres. The well has encountered encouraging hydrocarbon shows and preparations are underway for a comprehensive testing programme, likely to comprise drill stem tests over up to five intervals. ... more ...

Colombia: Statoil awarded licence offshore Colombia

Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operator of the licence and will hold 33,34%. ExxonMobil Exploration Colombia will hold 33,33%. ... more ...

UK: BG Group considers $1.7 billion North Sea operations sale

Britain's BG Group is considering selling its largest operations in the North Sea for about 1 billion pounds ($1.70 billion), The Times reported on Thursday. BG Group appointed Rothschild to advise on a restructuring in a move that could result in the sale of its Armada, Everest and Lomond platforms, according to the newspaper. ... more ...

Colombia oil auction sells 27 pct of blocks offered

Colombia drew bids for fewer than one third of the blocks it offered at its 2014 oil round on Wednesday, the government said, with most interest in more familiar and explored regions, which may make it tougher to boost stagnant reserves. ... more ...

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