Companies in the news

Michele Cowart, World Oil

Companies in the news

What industry leaders expect for 2019

Kurt Abraham, World Oil

By all measures, most of 2018 has been an improvement on 2017, which was markedly better than 2016.

Equinor completes sale of non-core asset on UKCS

Equinor completes sale of non-core asset on UKCS

Well-Centric has acquired Simmons Edeco Europe

Well-Centric, a FrontRow Energy Technology Group company, has announced the acquisition of Simmons Edeco Europe from its Canadian owner.

Apache achieves first oil at Garten development, UK North Sea

Apache Corporation has initiated production from its Garten development on Block 9/18a Area-W in the United Kingdom sector of the North Sea.

Aker BP has received drilling permit for well 24/9-14 S in production license 869

The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 24/9-14 S, cf. Section 15 of the Resource Management Regulations.

Faroe makes discovery north of the Oseberg field, North Sea

Faroe Petroleum Norge AS, operator of production license 825, is in the process of concluding the drilling of wildcat well 30/6-30.

BP starts up Clair Ridge production offshore UK

BP, on behalf of co-venturers Shell, Chevron and ConocoPhillips, have announced first oil production from the giant Clair Ridge project in the West of Shetland region offshore UK.

Europa's update on Wressle, North Lincolnshire

Europa Oil & Gas notes an update from Egdon Resources that its application for planning consent for the development of the Wressle oil field on PEDL 180 has received a recommendation for approval.

Is a shale-sized oil boom hiding in Britain’s Atlantic Bedrock?

On a sunny October morning, members of the The Geological Society pack an ornate lecture theater at their imposing headquarters on London’s Piccadilly.

Aubin announces senior management changes

Aubin, the chemical solutions provider to the energy industry, has realigned its senior management team to enhance the company’s technology development and support its continued business growth.

Conoco enters into exclusive talks to sell U.K. assets to Ineos

ConocoPhillips is in exclusive talks to sell its U.K. oil and gas fields, said to be valued at as much as $3 billion, to British billionaire Jim Ratcliffe’s Ineos Group.

Cairn offers a UK Norway update, discovery and farm out

Based on preliminary analysis, the Operator estimates the Agar-Plantain discovery holds recoverable resources of 15 MMbbl to 50 MMbbl.

Scottish-American start-up Ziyen Inc. moves into oil production

Scottish-American oil and energy company Ziyen Inc., which has operations in Aberdeen, has achieved first oil as it prepares to enter a new round of funding.

Faroe reports successful Agar/Plantain exploration well

Faroe Petroleum is pleased to announce a successful result with the Agar/Plantain exploration and appraisal well in license P1763, located in the UK Continental Shelf.

Azinor catalyst well success promising proof of industry approach

Oil & Gas UK has praised news that Azinor Catalyst has struck oil at Agar-Plantain as promising proof of industry’s competitive approach to exploration activity.

Companies in the news

Michele Cowart, World Oil

Ashtead Technology has completed a subsea installation monitoring project for Subsea7 in support of Equinor’s Utgard development, in Blocks 15/8 (NCS) and 16/18a (UKCS) of the central North Sea.

WFW advises Aban Singapore on North Sea blocks acquisitions

Watson Farley & Williams (WFW) advised Aban Singapore Pte. Ltd, a wholly owned subsidiary of India’s Aban Offshore Ltd, on its acquisition, via its wholly-owned subsidiary Caldera Petroleum, of a 100% interest in two oil and gas blocks in the UK North Sea for a non-cash consideration of $75 million.

PD&MS secures further contract renewal with Chrysaor in North Sea

PD&MS Group has secured a contract renewal for up to two years with one of the UK’s leading independent E&P companies, Chrysaor, following successful delivery on the assets since they were purchased in 2017.

Oil executives guilty of scheme to replace lost salary, bonuses

Executives at collapsed oil and gas producer Afren were found guilty in an elaborate scheme to boost their annual compensation after shareholders forced them to slash their bonuses.