The latest milestone in the southern North Sea Cygnus gas field project took place on Monday as the first piece of major infrastructure sailed out from Isleburn鈥檚 facilities at Nigg Energy Park, Scotland (pictured). The beginning of the鈥
Aberdeen-based explorer Faroe Petroleum it to take on its first operated production in the North Sea through a £35million to take over operated stakes in two southern North Sea gas fields from Tullow Oil. Faroe will take a 60% operated stake in the Ketch field and a 53鈥
The US Bureau of Ocean Energy Management (BOEM) will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico planning area鈥
Statoil and its partners have made a 20-75MM boe gas and oil discovery in the Valemon Nord prospect in the Norwegian sector of the North Sea. The discovery wells 34/10-54 S and 34/10-54 A, in production license 050, drilled by the semisubmersible drilling rig Transocean Leader鈥
Woodside Energy鈥檚 bid to join the offshore Israel Leviathan gas field consortium has missed an agreed deadline, the firm has said. Australia-based Woodside and the offshore Israel Leviathan project joint venture partners missed a target鈥
Australia-based Santos Ltd. announced that natural gas production has commenced ahead of schedule from the Peluang gas project offshore East Java in Indonesia. Sanctioned in February 2013, Peluang is a tie-back to the existing facilities鈥
Germany-based crude oil and natural gas producer is planning to divest its shareholding in the Eastern German company Verbundnetz Gas AG (VNG) as part of its strategy to concentrate on the upstream sector. A 24 March agreement will see EWE Aktiengesellschaft take over Wintershall鈥檚 15鈥
Houston-based Energy XXI is set to become the largest public independent producer on the Gulf of Mexico shelf after its acquisition of EPL Oil & Gas for US$1.53 billion. Upon completion of the merger, EnergyXXI projects the company will be worth about $6 billion鈥
Nigerian oil and gas exploration firm SEPLAT has announced plans to list on the London Stock Exchange (LSE) and the New York Stock Exchange (NSE) to fund its expansion, including into shallow offshore waters. An initial offer is expected to amount to at least US$500 million鈥
Oryx Petroleum Corp Ltd. announced that the testing of the E-1 exploration well targeting the Elephant prospect in the Haute Mer A license area in Congo (Brazzaville) confirmed the discovery of natural gas and crude oil previously announced in September 2013鈥
Some 5Tcf of natural gas reserves are sitting undeveloped in the Southern North Sea, an event on the basin heard today (5 March). John Westwood, of industry analysts Douglas Westwood, was speaking at the Southern North Sea 2014 conference in Norwich鈥
During his keynote address at IHS CERAweek, Chevron Chairman and CEO, John Watson (pictured), addressed the challenges and changes in the industry, noting the effects of rising costs on the industry鈥檚 success. With labor and cost doubling over the past decade鈥
Iran, India and Oman are preparing to begin official negotiations for delivery of the Iranian natural gas to the Indian market through a deepwater pipeline. Iranian Foreign Minister Mohammad Javad Zarif, Indian Foreign Minister Salman Khurshid鈥
Statoil and co-venturer ExxonMobil have carried out a successful first drill stem test on their Tanzania Block 2 offshore discovery Zafarani-2. The data acquired will help reduce technical uncertainties in a possible future Tanzania offshore and LNG development鈥
The UK鈥檚 North Sea oil and gas industry was put under a national spotlight today, both by the industry and the nation鈥檚 politicians. The industry and government welcomed the outcome of industry veteran Sir Ian Wood鈥檚 UKCS Maximizing Recovery Review final report鈥
