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08 Feb 16
UK: Total starts-up production at Laggan-Tormore in the West of Shetland
Total has started-up production from the Laggan and Tormore gas and condensate fields, located in 600 meters of water in the West of Shetland area. The fields will produce 90,000 barrels of oil equivalent per day (boe/d).
08 Feb 16
Trinity Exploration & Production announces loan update
Trinity Exploration & Production, an independent E&P company focused on Trinidad and Tobago, has agreed a further extension to the moratorium on principal repayments, relating to Trinity's outstanding debt balance of US$13.0 million with its lender, until the 19th of February 2016.
08 Feb 16
UK: UKOG reports commencement of flow test operations at the Horse Hill-1 oil discovery, Weald Basin, UK
UK Oil & Gas Investments (UKOG) has been notified by Horse Hill Developments Limited ('HHDL') that operations have now commenced at the Horse Hill site to conduct the extended flow test over three separate zones in the Horse Hill-1 ('HH-1') oil discovery well.
08 Feb 16
UK: Egdon Resources suspends Keddington-5 development well for future production testing
Egdon Resources has announced that the Keddington-5 (KD5) development well in UK Onshore Licence PED005R, located in Lincolnshire, has been suspended with a completion string that will enable production flow testing of the reservoir with a traditional beam pump in due course.
08 Feb 16
Morocco: Sound Energy announces option to acquire interest in the Meridja permit, onshore Morocco
Sound Energy has signed a binding agreement with Oil & Gas Investment Fund ('OGIF') whereby OGIF has granted Sound Energy an option to acquire a 55% interest in the Meridja permit, onshore Morocco.
08 Feb 16
Australia: Buru Energy completes testing at Ungani Far West-1 appraisal well
Buru Energy has provided an update on the Ungani Far West-1 well. Since the last report of 4 February the wireline logging and pressure testing program has been completed.
07 Feb 16
Saudi and Venezuela talk of OPEC, non-OPEC cooperation to stabilise oil market
Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilise the global oil market with his Venezuelan counterpart on Sunday, state news agency SPA reported.
07 Feb 16
Iraq: Genel Energy receives payment for KRI oil exports from Taq Taq field
Genel Energy has announced that the Taq Taq field partners have received a gross payment of $16.3 million from the Kurdistan Regional Government for oil exported through the Kurdistan Region of Iraq-Turkey pipeline. Genel’s share of the gross Taq Taq payment is $9 million.
07 Feb 16
Frontier Resources International announces conditional subscription, board changes & update
Frontier Resources International has raised £1,425,000 before expenses through a conditional subscription with existing and new investors. The proceeds of the subscription will be used to provide working capital for the Company and to support the investment in new projects.
07 Feb 16
UK: Independent Oil and Gas announces £10 million secured convertible loan facility, corporate update and board changes
AIM-listed Independent Oil and Gas, the North Sea focused oil and gas company, has entered into a conditional agreement with London Oil and Gas for the provision of a secured convertible loan facility for up to £10 million.
07 Feb 16
Loss-making oil fields unlikely to be shut willingly - Wood Mackenzie
Even as millions of barrels of oil are pumped at a loss at current prices, only a fraction of the production has been shut, industry research group Wood Mackenzie said on Friday.
07 Feb 16
Schlumberger-Cameron merger receives unconditional clearance from European Commission
Schlumberger and Cameron International Corp jointly announced Friday that the European Commission has cleared their proposed merger without any conditions following a Phase 1 review.
05 Feb 16
US: LINN Energy announces process to explore strategic alternatives
US company LINN Energy has initiated a process to explore strategic alternatives to strengthen its balance sheet and maximize the value of the Company.

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