Europe ///
Energean Oil & Gas has announced the first Competent Persons Report (CPR) for its assets offshore Montenegro, compiled by Netherland Sewell & Associates (NSAI), detailing the recoverable gas and liquids resource estimates in respect to Energean’s 100% interest in blocks 4218-30 and 4219-26.
After years of surviving a sluggish Italian economy and an historic collapse in crude prices, a $300-million bet against his company apparently isn’t enough to spook the head of energy giant Eni SpA.
Providence Resources, the Irish based Oil and Gas Exploration Company, provides an update on Licensing Option (LO) 16/27. Providence has confirmed that the agreed farm-in by Total E&P Ireland B.V., a wholly owned subsidiary of Total S.A. has now completed.
Statoil has received consent to use the Songa Endurance mobile drilling facility for drilling and completion at Troll field.
Ineos AG, Britain’s largest closely held company, has taken another step toward creating a shale boom on its side of the Atlantic.
The UK oil and gas industry faces a faster decline if Prime Minister Theresa May fails to agree to a trade deal with the European Union, as restrictions on the movement of workers and equipment would increase costs.
It’s been a bad year for oil explorers in Norway’s Arctic: a record campaign in the Barents Sea yielded little; the most exciting well in years proved to be a flop; and Norwegians grew increasingly skeptical about the industry that made them rich.
ConocoPhillips has received consent to use the West Elara mobile drilling facility for drilling and completion of water injection wells at Ekofisk 2/4 VC.
Shares of Independent Oil & Gas Plc rose as much as 100% on Thursday, the second dramatic increase for a North Sea explorer this week, after the London-based company announced a tenfold increase in its southern North Sea gas reserves.
Maersk Drilling has been awarded two contract extensions in the North Sea. Both rigs have recently been re-activated to the North Sea from warm stacking. The estimated duration of the two extensions is 105 days.
The Petroleum Safety Authority of Norway has now given Aker BP consent to perform modifications relating to gas lift at Tambar. The gas lift project is part of a major field development project at Tambar.
A new partnership will see U.S.-based OFI Testing Equipment handle global distribution for monitoring specialists Salunda Limited’s hand-held drilling fluid measurement instrument, MudChecker.
If you want to see how the oil market’s re-balancing, just take a look at Europe’s storage tanks.
Italy is looking to shed its status as one of Europe’s most expensive gas markets, but the way it plans to do so has riled traders.
Statoil and partners have made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf, proving a minimum of 25 million recoverable barrels of oil in the immediate vicinity of the wellbore.
As crude oil gushes out of the U.S. like never before, it looks increasingly like North Sea oil will suffer collateral damage.
Lundin Petroleum AB (Lundin Petroleum) has announced that its wholly-owned subsidiary, Lundin Norway AS (Lundin Norway), has commenced drilling of exploration well 7219/12-2 on the Hufsa prospect in PL533, in the southern Barents Sea.
Wood Group has announced that it has completed the acquisition of Amec Foster Wheeler. Wood Group's new ordinary shares will be admitted to the premium segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange.
Statoil is awarding renegotiated framework agreements to Bilfinger Industrier Norge AS and Kaefer Energy AS for ISO services (insulation, scaffolding and surface treatment). Valued at a total of more than NOK 7 billion, the contracts will run until the end of 2030.
What is 47 Bbbl in oil and gas really worth in an age where renewable sources are increasingly filling the world’s energy needs? That’s what Norway, western Europe’s biggest oil and gas producer, is asking itself.