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Energean reports first CPR results for two blocks, offshore Montenegro

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.

Dalio bet no "big issue" for Eni CEO

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 completes Porcupine basin farm-in with Total

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 receives consent to use Songa Endurance for drilling, completion at Troll field

Statoil has received consent to use the Songa Endurance mobile drilling facility for drilling and completion at Troll field.

Ineos appoints new shale boss to build a UK natural gas boom

Ineos AG, Britain’s largest closely held company, has taken another step toward creating a shale boom on its side of the Atlantic.

UK North Sea oil faces quickening decline if no Brexit deal

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.

Arctic oil promise keeps Norway's disappointed wildcatters going

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 receives consent to use West Elara at Ekofisk

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.

Groundhog Day in London as oil stock soars on North Sea reserves

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 secures contract extensions for two rigs

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.

Aker BP receives consent to perform gas lift modifications at Tambar

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.

New partnership secures global distribution for Salunda's drilling fluids tester

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.

Europe's shrinking oil glut gets even smaller after U.S. hurricane

If you want to see how the oil market’s re-balancing, just take a look at Europe’s storage tanks.

Europe's natural gas traders have a bone to pick with Italy

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 reports oil discovery in Verbier sidetrack on UK continental shelf

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.

North Sea oil sandwiched as U.S. ships crude like never before

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 spuds exploration well on Hufsa prospect in the southern Barents Sea

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 completes acquisition of Amec Foster Wheeler

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 awards long-term insulation, scaffolding, surface treatment contracts

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.

Europe's biggest oil producer considers new petroleum-tax system based on ‘climate risk’

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.