Latest News
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25 Jun 17
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25 Jun 17
UK: Seventy workers taken off Bruce platform after power loss
More than 70 workers have been taken off a North Sea oil platform after it suffered a loss of power. The BBC reported that the coastguard was first alerted to the issue on the Bruce installation, east of Shetland, just after 20:00 on Thursday. -
25 Jun 17
Norway: First jacket for Johan Sverdrup completed
The Riser Platform jacket for the Johan Sverdrup development will be ready for delivery in July and was given the name Ægir at a ceremony held at Kvaerner’s yard at Verdal. The jacket is the first major structure for the Johan Sverdrup project to be completed. -
25 Jun 17
Greece approves applications for offshore oil exploration
Greece has approved applications submitted by a consortium of Total, ExxonMobil and Hellenic Petroleum for oil and gas exploration and drilling off the island of Crete and by Greece's sole oil producer Energean Oil for offshore drilling in western Greece. -
25 Jun 17
UK: UKOG reports oil seeps from Kimmeridge Limestone core samples at Broadford Bridge-1 in PEDL234
UK Oil & Gas Investments (UKOG) has announced that mobile light oil has been observed seeping from open natural fractures in Kimmeridge Limestone 4 ('KL4') core samples at its 100%-owned Broadford Bridge-1 ('BB-1') exploration well in Weald Basin licence PEDL234. -
25 Jun 17
Norway: Pandion Energy acquires Tullow Oil's remaining licences in Norway
Pandion Energy has been pre-qualified as licensee on the Norwegian Continental Shelf and received an approval for the acquisition of all licences in Tullow Oil Norge's existing portfolio, including a 20% interest in PL 636 containing the Cara oil and gas discovery. -
25 Jun 17
France to stop granting oil exploration licences
French energy minister Nicolas Hulot said on Friday the government planned to present a draft law this autumn that would stop granting licences for oil and gas exploitation in France and overseas territories. -
23 Jun 17
Thailand to announce winners for Erawan and Bongkot gas fields in Feb 2018
Thailand will announce the winning bids to take over the concessions to operate the Erawan and Bongkot offshore natural gas fields in the Gulf of Thailand in February next year, the energy ministry said on Thursday. -
23 Jun 17
Israel: Delek Drilling to list new unit that will take over part of Tamar stake
Israeli oil company Delek Drilling has set up a company that will take over a 9.25 percent stake in the Tamar natural gas field and list on the Tel Aviv Stock Exchange. -
23 Jun 17
PNG: Oil Search establishes US$600 million revolving credit facility
Oil Search has signed documentation with a 14 member bank group for a new five year, non-amortising, revolving credit facility of US$600 million. The new facility will provide the Company with funding flexibility for the next phase of LNG development and expansion in Papua New Guinea. -
23 Jun 17
UK: OGTC approves investment of £1.6 million in new projects
Just four months since its launch in February 2017, the Oil & Gas Technology Centre (OGTC) has approved investment of more than £1.6 million in new projects to accelerate the development and deployment technologies to transform the industry. -
23 Jun 17
Australia: Carnarvon and NOGA to share data over the Buffalo, Laminaria and Corallina fields, offshore Australia
Carnarvon is joining with Northern Oil & Gas Australia ('NOGA') on a collaborative data sharing project spanning data in the Buffalo block (WA-523-P), and the Corallina and Laminaria producing oil fields, in the AC/L5 and WA 18-L blocks, which are contiguous to the north and west. -
23 Jun 17
US: Jones Energy exits Arkoma Basin with non-core asset sales
Jones Energy has entered into definitive agreements to sell several non-core assets, including an agreement to sell its Arkoma Basin properties, for a combined total of up to $70 million, subject to closing adjustments. The Company continues to actively market additional non-core assets. -
22 Jun 17
Statoil awards contract on new shuttle tankers
Statoil and AET extend partnership in North Sea shuttle sector as Statoil awards a contract to AET to operate two specialist DP2 offshore loading shuttle tankers (OLSTs) on long-term charter. -
22 Jun 17
ION expands West African 2D data library with new acquisition offshore Gabon
ION Geophysical has announced a new 2D multi-client program offshore Gabon, EquatorSPAN II, in cooperation with the Gabon Ministry of Petroleum and Hydrocarbons. The program includes over 1,900 km of new high-quality, deeply-imaged seismic data and is supported with industry prefunding.
