President Energy completes farm-in
dent Energy has successfully farmed into the Hernandarias Block in Paraguay.
dent Energy has successfully farmed into the Hernandarias Block in Paraguay.
The Government has been accused of using “misleading” information in a public consultation over new under-house fracking plans.
An oil field due to begin production east of Shetland could produce oil until 2050, it has emerged.
Norwegian Energy Company ASA (Noreco) recorded a boost in production and revenue after experiencing a lift in production.
OAO Rosneft asked the state for as much as 1.5trillion rubles ($42billion) of aid, a government official said, signalling a US ban on long-term loans to Russia’s largest company is starting to bite.
RMEC has made two senior appointments.
Shell has sold two of its assets in two bumper deals.
Some of Scotland’s top executives have been shortlisted for this year’s IoD Director of the year awards, to be held in London in October.
An anti-fracking protest camp has been set up near to a proposed exploration site for shale gas in Lancashire.
Vladimir Putin’s dream of a new pipeline to deliver Russian natural gas to the European Union without passing through Ukraine is fading amid escalating tit- for-tat economic sanctions.
Northcote confirmed it successfully improved the infrastructure framework at its Zink Ranch Project in Oklahoma, enabling increased production rates.
The Norwegian Petroleum Directorate reported an increase in oil production for the month of July.
The Texas-Israel Chamber of Commerce confirmed a group will attending the Universal Oil & Gas Dead Sea (UOG) conference in November.
Exxon Mobil Corp., the US’s largest oil company, ended exploration plans with Total SA in South Sudan, Total and the government said, a sign of faltering investor confidence in the African nation as a civil war enters its eighth month.
Noreco and North Energy have a struck a deal to swap assets under two licenses located on the Norwegian continental shelf.
BP Trinidad and Tobago confirmed it received the go ahead for its Juniper offshore gas project. The project, which has been conducting Front End Engineering and Design (FEED) activities since 2012, will be a company first.
Faroe Petroleum has appointed the “Oil Woman of the Year” as an independent non-executive director.
Petroleos Mexicanos, preparing for the end of its 76-year state oil monopoly, was granted rights to all the proved and probable oil reserves it sought for development as Mexico opens its doors to foreign competition.
Offshore rentals firm Ferguson Group saw its £15million investment in the business translate into sales and profits last year.
One of Scotland’s most respected economists has delivered a damning verdict on Treasury oil forecasts, arguing tax revenues over the next four years could nearly double those predicted.
Profits have jumped by more than 200% at oil giant TAQA thanks to record production in the North Sea. Figures published by the Abu Dhabi-owned firm yesterday revealed that pre-tax profits topped £282million in the first half of the year – up from £85million at the same time last year. The huge increase is partly down to the first full year of production from the Harding platform. But the firm has also cut 100 jobs over the past year – and said yesterday it would continue to review staff numbers in Aberdeen, despite the turnaround.
Strong production from oil fields around Scotland has boosted EnQuest’s first half revenues by 11% to £300million.
Zenith Energy has landed contracts with Tullow Oil and Total E&P.
South America-focused explorer President Energy has completed the drilling of its “proof of concept” Jacaranda well in Paraguay.
Taqa confirmed record oil and gas production levels as it announced a return to profit today.