Trinity extends debt repayment and replaces CFO
Trinity Exploration has agreed a further extension to the moratorium on principal repayments, relating to Trinity's outstanding debt balance of $13million with its lender, until January 8.
Oil & Gas
Green Dragon reports increased gas production in 2015
China-focused gas producer Green Dragon reported a 36% increase in gross production for 2015 compared to the previous year.
Statoil delays Mariner contract, sees fee increase by $55million
Statoil’s decision to delay its Mariner contract with Prosafe has seen the final contract total increase by $55million.
Clough Amec wins ConocoPhillips contract in Timor Sea
The joint venture between Clough and AMEC has been awarded a three-year contract by ConocoPhillips to provide asset support, operations and maintenance services to the Bayu-Undan offshore field development, located in the Timor Sea, north of Australia.
Cairn Energy makes Senegal find
Cairn Energy today confirmed it had made a commercial find offshore Senegal.
Shale hoard behind US energy renaissance set loose on globe
The worst fears of OPEC and Asian gas exporters are about to come true.
Woodside makes oil find in emerging Myanmar
Woodside Petroleum confirmed a viable oil find for its exploration campaign in Myanmar.
Oil finds a silver lining in China’s unsated thirst for crude
China’s insatiable appetite for crude is at least one thing oil bulls can count on this year.
24 hours that brought tragedy and chaos to North Sea
The fierce storm that had battered the UK mainland also brought 24 hours of tragedy and chaos to the North Sea, leaving one oil worker dead, an unmanned barge drifting out of control, hundreds of personnel evacuated and production shutdown on several oil platforms.
Owners bring drifting barge back under control
The barge which today caused mayhem on the North Sea has been brought back under control, vessel owners Eide Marine said. BP and ConocoPhillips were forced to shut down production and evacuate platforms in the central North Sea after the barge broke away from its moorings in stormy weather, posing a threat to the installations.
Russia ends 2015 with weekly oil production setting a record
Russia’s oil output is poised to reach a post-Soviet record of 10.86 million barrels a day this week as the nation’s producers continue to withstand the slump in prices, according to Energy Ministry data.
Robin Watson officially takes up Wood Group’s top role
Robin Watson will officially assume the chief executive role for Wood Group tomorrow.
Drifting barge misses BP North Sea platform by 2km, BP prepares restart
The drifting barge which forced BP to evacuate its Valhall Platform in the North Sea has missed the installation, Norwegian rescue authorities were cited as saying. A spokesman for BP said it was taking steps to restart production on the facility, a process which usually takes 24 hours. The company had been in the process of taking evacuees to nearby platforms as a precaution, and a tug boat was trying to bring the barge under control.
Updated: Aker Solutions pays tribute to worker killed offshore
Aker Solutions has confirmed the oil worker killed when a freak wave hit the COSL Innovator drilling rig worked the Norwegian oil services firm.
IOG nabs OGA extension for North Sea portfolio
The Oil and Gas Authority (OGA) has granted Independent Oil and Gas (IOG) a round of extensions for the the firm's Southern North Sea portfolio.
ConocoPhillips evacuates and shuts down rigs as barge drifts
ConocoPhillips has shut down output at its Eldfisk and Embla fields in the North Sea and is evacuating staff from its Eldfisk platform due to the threat of a drifting barge hitting its installations.
NU-Oil reports wider pre-tax loss
Nu-Oil and Gas has reported a wider annual pre-tax loss for the year of £5.2m, compared to the previous year's £4.8m.
Songa Endurance kickstarts eight-year deal with Statoil
Songa Endurance has commenced drilling operations for its eight year deal with Statoil.
Statoil and Repsol complete Gudrun and Eagle Ford deals
Statoil and Repsol have completed two of the transactions announced on 11 December 2015.
Power plant spinoff sees EON say farewell to coal plants: Q&A
Germany’s EON SE will officially part with its fossil fuel past tomorrow, when a new company called Uniper is created. Here’s what you should know about the spinoff.
Empyrean’s Sugarloaf asset keeps company on track
Empyrean Energy has reported a fall in interim revenue and pretax profit but said its flagship Sugarloaf asset in Texas is rising in value despite the low oil price.
ConocoPhillips beats rivals in race to export US shale oil
ConocoPhillips will supply the first cargo of U.S. shale oil to be exported since a 40-year ban on such shipments was lifted less than two weeks ago.
Lundin makes small gas discovery offshore Norway
Lundin has made a small gas discovery about 85km north eas of Berlevag in the Barents Sea.
Genel quits Ivory Coast exploration well
Genel Energy said the Aigle-1X exploration well on the CI-508 licence offshore Côte d’Ivoire (Genel 24% working interest) is in the process of being plugged and abandoned after failing to encounter hydrocarbons. The completion of this well concludes Genel’s committed Côte d’Ivoire drilling programme.
BP evacuates North Sea platform over barge collision fears
BP's Valhall platform in the North Sea is being evacuated by helicopter after a barge broke its anchor and was drifting towards the installation following a storm.