Oil & Gas

Oil & Gas

Growing from a position of strength

02/03/2008

THE scale of growth that Locke has in mind requires in the order of $500million - a sizeable war chest with which to hit the acquisitions trail - and First Reserve is ready to step up to the plate. He doesn't want to see Abbot eclipsed by competitors or fall prey to them.

Oil & Gas

Norwegian first for Marathon

ALVHEIM is located west of the Heimdal field on production licence PL 203 and the first discovery well was drilled in 1998. Well 24/6-2 was originally planned to test the hydrocarbon potential of the A2 North Heimdal T60 sand prospect within what is known as the Lista Formation in the northern part of the licence acreage in block 24/6.

Oil & Gas

Offshore Falklands hotting up

I have been quietly watching the Falkland Islands scene for a fair length of time and wrote about the first exploration programme 10 years ago. It was a drilling campaign that various industry rune readers have criticised over the years. I'm one of them.

Breaking