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Norway: Partner North Energy reports gas discovery at Statoil's Pingvin Prospect in PL 713

JV partner North Energy reports that operator Statoil is completing the drilling of exploration well 7319/12-1 at the Pingvin Prospect in production licence PL 713. The well has identified gas in a sandstone reservoir. ... more ...

US: Nostra Terra announces increased production at its Verde Prospect in Colorado

AIM-listed Nostra Terra Oil and Gas Company has announced the results of a recent workover in the initial well in the Verde Prospect Unit. Following completion of the workover, the well produced at an average rate of 83.4 barrels of oil per day (bopd) gross, compared to an original average of 64 bopd, ... more ...

Norway: RWE Dea Norge delays Zidane field PDO

The Plan for Development and Operation (PDO) for the Zidane development will not be submitted to the authorities in October as planned. 'Further value enhancement is required to make the project more robust' says Managing Director Hugo Sandal of RWE Dea Norge. ... more ...

Siemens near deal to buy Dresser-Rand

The German industrial conglomerate Siemens is near an agreement to acquire U.S. oilfield equipment maker Dresser-Rand Group for all cash, people familiar with the matter said on Sunday. A deal for Dresser-Rand, which has a market capitalization of more than $6 billion, could come as soon as Monday, according to a Reuters report. ... more ...

Russian minister says no plans to toughen restrictions on foreign energy firms

Russia's Natural Resources Minister Sergei Donskoi said on Friday that Russia was not planning to toughen restrictions on foreign oil and gas firms working in the country in response to Western sanctions, RIA news agency reported. ... more ...

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