Ophir Energy flows gas off Equatorial Guinea
Oil and gas explorer Ophir Energy has flowed gas at a well off Equatorial Guinea. A Drill Stem Test (DST) was carried out at the Fortuna-2 well to assess the deliverability of the Fortuna gas field.
Oil & Gas
Bad weather hampers work at oilfield
Bad weather is continuing to hamper seismic recording by Greenfield Petroleum in the Gum Deniz oilfield in Azerbaijan. The company said conditions have affected work on a 3D survey over the field and the area recorded is now likely to drop to 100km due to the approaching winter season.
Total to hold emergency meeting after death of CEO
Oil giant Total said a meeting will be held between its Governance and Ethics Committee and the board of directors following the death of CEO Christophe de Margerie. The 63-year-old died when his airplane struck a snowplow on a Moscow runway, ending a career in which he oversaw the biggest expansion of oil reserves at the French energy giant in at least 15 years.
Statoil wins big with oil discovery
Statoil has discovered more oil at one of its sites in the North Sea than previously estimated. The Norwegian company said drilling at Well 25/8-18 S, had proved an oil column of 25 metres in the Heimal formation.
Fire alert forces helicopter into emergency landing
A helicopter with seven people on board was forced to make an emergency landing in Shetland yesterday. A full scale emergency was declared at Sumburgh Airport, and the emergency services were called to the busy airport.
Total CEO de Margerie killed in executive jet crash in Moscow
Total SA’s Christophe de Margerie died when his airplane struck a snowplow on a Moscow runway, ending a career in which he oversaw the biggest expansion of oil reserves at the French energy giant in at least 15 years.
Speakers for Israel oil and gas conference confirmed
Energy experts from across the globe will join forces in Israel for an oil and gas exhibition. The Universal Oil and Gas 2014 (UOG 2014) is expected to be the largest event of its kind in the country, and aims to create a platform for collaboration and partnership in the Israeli oil and gas industry.
University joins carbon capture partnership
A Scottish university has joined the largest carbon capture and storage (CCS) research partnership in the UK. Scientists from the University of Strathclyde will join fellow researchers within the Scottish Carbon Capture & Storage (SCCS) partnership, providing expertise in areas including carbon dioxide transport and environment impact analysis.
Halliburton reports profit jump
Oil giant Halliburton has boosted its income for the third quarter of the year by $1billion, which is an increase from the previous quarter. The company announced their total revenue of $8.7billion was up by 16% on the same time last year.
Oil prices begin to steady
The price of Brent crude has steadied at $86 a barrel after the announcement of a cut in Saudi-Kuwait oil output. Production at the Khafji oilfield has been stopped temporarily for environmental reasons.
LGO spuds sixth Gourdon well
Leni Gas and Oil (LGO) has spudded the sixth well of its 30-well Goudron development in Trinidad.
Oil & Gas UK chief executive confirms retirement
Oil & Gas UK chief executive Malcolm Webb today confirmed he will retire next year.
Platform hit by engine failure
A rig owned by Norwegian driller Songa offshore has suffered failure on one of its four engines, while undergoing survey work in Scotland.
Tethys Petroleum faces battle to remove board directors
Tethys Petroleum will face a shareholders vote to remove the majority of its directors, the company has announced. An Extraordinary General Meeting (EGM) of the company will be held after the board received a requisition on behalf Pope Management LLC.
Xcite Energy signs Bentley field MOU with Baker Hughes
Xcite Energy has signed a Memorandum of Understating (MOU) with Baker Hughes for the Bentley field development.
Genel Energy hits oil in Morocco
Genel Energy has hit oil during drilling at a well on the Sidi Moussa Block off the coast of Morocco. The discovery was made by the oil and gas explorer along with its partners San Leon and Serica Energy.
First oil discovery made in Paraguayan well
President Energy has made it first oil discovery in the Lapacho well at the Pirity Concession in Paraguay. The company, which has a 65% interest in the asset, said tests will now be carried out to confirm the discovery of the conventional light oil.
Texas roughnecks overrun Best Western as oil rout unnoticed
From her little vantage point in Cuero, Texas, of the U.S. shale oil boom, Jill Potts doesn’t see anything to worry about.
World’s best-paid oil workers expose Norway to crude price crash
Norway, where oil helped create one of the world’s most stable and prosperous societies, finds itself among the most exposed to falling crude prices.
Sumitomo’s $1.55billion loss shows shale isn’t booming for all
Land in the Permian Basin, the busiest shale patch in the U.S. oil boom, is worth either $1,000 an acre or 50 times more, depending.
BP restarts Rhum field
BP will restart the Rhum gas field in the UK North Sea, half-owned by Iran's National Oil Company, four years after the field was shut down due to Western sanctions.
Australian energy firm boosts production by 9%
Australian energy firm Santos has seen its sales and production rise rise by 9% on its previous quarter. It follows the successful ramp-up of its LNG project in Papua New Guinea (PNGLNG) which reached full capacity earlier this year.
Triple contract win strengthens Aqualis Offshore’s Middle East presence
Aqualis Offshore has secured three contracts for its Middle East offices amid its aim to build a stronger presence in the area.
Gas talks with Russia to be held in Brussels
Gas talks between Russia, Ukraine and the European Union will be held in Brussels later this month. The Russian Ministry of Energy made the announcement after a prolonged period of US and European sanctions were imposed on the country.
Chief financial officer steps down
The chief financial officer of a United Arab Emirates rig construction business has stepped down from her position with the company. Joanne Curin was also on the board of Lamprell, which provides engineering contracts to the oil and gas industry.