36212 Search results for ‘’

Oil & Gas

Norwegian krone to sit out currency war as oil fixes plunge

08/01/2016

Norway’s central bank can probably sit out the global currency war that is now at its doorstep. Even a potential intervention in neighboring Sweden is unlikely to boost the Norwegian krone as a deepening rout in Brent crude drags down the currency of western Europe’s biggest crude producer. “At the end of the day, the Norwegian krone is oil- fixated,” said Daragh Maher, head of currency strategy for HSBC in New York. “Really, the issue is whether the oil price can find a bottom.”

Africa

Bowleven wraps up extended flow onshore Cameroon

08/01/2016

Bowleven said it has now wrapped up an extended flow testing programme at Moambe and Zingana. The Africa focused oil and gas explorer said the results continue to support plans for around five to six mmscfd of gas for power generation under a development scheme with Actis and Eneo in Cameroon.

North Sea

North Sea due for a renaissance, Cluff says

08/01/2016

Oil pioneer Algy Cluff said the North Sea is on the cusp of a renaissance after heralding his company’s plans to divert more of its resources to the area. Mr Cluff said Cluff Natural Resources had already made rapid progress in developing its five conventional oil and gas licences in the southern North Sea, aided by a collaborative agreement with energy service giant Halliburton.

Middle East

A new Saudi Arabia is suddenly in a hurry in era of cheap oil

08/01/2016

Saudi Arabia, one of the most tradition- bound societies on the planet, where family structure and tribal patriarchy differ little from a century ago, is suddenly in a hurry. It has done more in the past week than in most years. Over eight days, it has executed dozens of militants, severed ties with Iran and announced numerous steps for a radical rollback of the state that may include privatizing oil giant Saudi Aramco, among the world’s largest companies.

Oil & Gas

Corbyn “open-minded” on tax relief for North Sea

08/01/2016

Labour Leader Jeremy Corbyn has said he is “open-minded” on the issue of tax relief for the North Sea sector. He told Energy Voice's sister publication the Press and Journal yesterday he had not made a decision, adding: “I need to look at that.

Oil & Gas

Leviathan partners in talks to supply gas to Israeli companies

07/01/2016

Partners in the Leviathan natural gas site in Israel are said to be in talks to supply gas to a number of companies in the region. A statement to the Tel Aviv Stock Exchange showed a message from units of Delek Group which said the firms were private electricity producers and industrial companies.

Oil & Gas

Union vote set to close on OCA ballot

07/01/2016

A ballot on whether North Sea workers should accept new conditions put forward by member companies of the OCA (Offshore Contractors Association) will close tomorrow. It comes after revised proposals were put forward after talks were held with Unite, the OCA and ACAS (Advisory, Conciliation and Arbitration Service).

Australasia

Buru Energy hits pay at Ungani well

07/01/2016

Buru Energy said it has identified a five metre sandstone interval at the Ungani Far West 1 well in North Western Australia. The company said an oil sample was recovered with interpretation of pressure data indicating a potential oil column of at least 14 metres with around five metres of net pay. A sampling program is continuing with results expected to be on going.