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Lundin spuds wildcat on Morkel prospect in Northern North Sea

Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, has commenced drilling of exploration well 33/2-2S in PL579.

Magnetrol expands company sites on three continents

Magnetrol International, Inc., has recently expanded and opened several key locations: Aurora, Ill., Zele, Belgium, and Dubai, UAE.

Brent oil retreats from 2015 high; premium over WTI narrows

Crude fell from its highest close this year in London on concern a global surplus will linger. U.S. oil futures narrowed their discount to Brent after an industry survey was said to report a slowdown in stockpile gains.

LetterOne closes RWE Dea deal

The LetterOne Group and RWE AG have completed RWE’s sale of RWE Dea AG to LetterOne.

Oil drops as gain in Saudi Arabian output boosts OPEC production

Oil fell after the first monthly gain since June as Saudi Arabia stepped up production, lifting OPEC’s output beyond its collective quota for a ninth month.

Wood Group Kenny appoints new CEO

ABERDEEN, United Kingdom -- Wood Group Kenny (WGK) has appointed Bob MacDonald as CEO, effective April 6. MacDonald moves into the role from his position as WGK regional director for the North Sea.

Gassco assumes operatorship for Knarr gas pipeline

Gassco has taken over as operator of the Knarr pipeline, which will transport rich gas to the Shell-Esso Gas and Liquids (Segal) system and St Fergus in Scotland.

RWE plans to close sale of Dea unit to LetterOne

RWE, Germany’s second-largest utility, said it will proceed with the sale of its oil and gas unit to a Russian billionaire on Mar. 02 and may buy back the U.K. business should the new owner face sanctions.

Oil sails from Russia to Asia faster on smaller ships

With supertankers booked solid carrying cheap crude, smaller vessels are taking advantage of the opportunity by hauling record volumes of Russian oil to Asia.

Oil & Gas UK names new CEO

The Board of Oil & Gas UK has announced the appointment of Deirdre Michie as the organization’s new chief executive.

German beer brewers win hydraulic fracturing protection for water wells

German brewers have won the backing of Chancellor Angela Merkel’s government to protect the springs they use from hydraulic fracturing, which they say could taint the purity of their beer.

Statoil awards Mariner supply base, warehousing contracts to Asco

Statoil (UK) Limited has awarded the contracts for supply base and warehousing services for Mariner field to Asco UK Limited.

Nexen implements Petrotechnics’ Proscient platform on UKCS operations

Petrotechnics has completed the implementation of its Proscient software platform on two UK offshore assets operated by Nexen Petroleum UK Ltd., a wholly owned subsidiary of CNOOC Limited.

Det Norske reviews funding as oil drops

Det Norske Oljeselskap, the oil producer controlled by billionaire Kjell Inge Roekke, is reviewing its funding options and cutting costs as a plunge in crude prices caps the cash flow it needs for new projects.

Shell planning to decommission Brent Delta platform

A thirty-day public consultation on plans to commence decommissioning of the Brent oil and gas field in the North Sea is underway.

Industry-critical mattress decommissioning research commences

Decom North Sea (DNS), the representative body for the decommissioning industry, commissions and facilitates projects that deliver meaningful benefits for its members and improves the efficiency of future of decommissioning activities.

New insight into oil flow could pave the way for improved recovery

The amount of oil recoverable from reservoirs in deep rock formations could be improved, following a new discovery by scientists at the University of Edinburgh and Heriot-Watt.

Atlantic Petroleum announces farm-down option deal with Statoil on Norway PL704, PL705 and PL802

Atlantic Petroleum has announced that the company has entered into a farm-down option deal with Statoil Petroleum related to the PL704, PL705 and PL802 licenses in the Vøring basin.

Atlantic Petroleum inks farm-down agreement with Statoil on PL602

Atlantic Petroleum has announced that the company has entered into a commercial farm-down agreement with Statoil Petroleum related to the PL602 license.

Atlantic Petroleum to drill a well on Norway PL602

Atlantic Petroleum has announced that the PL602 partnership has decided to drill a well to test the Roald Rygg Prospect in PL602. The well is planned to be drilled in 2015.