Terra Nova Energy said it has spudded the Baikal 1 well in Southern Australia. The company said the start of operations from the Baikal well had been completed using the Eastern Well 101 rig.
Fluor Corporation has agreed to buy engineering services firm Stork for $755million.
LGO Energy, the Trinidad-focused independent oil and gas firm has said it is open to offers as part of a formal strategic review.
Ingen Ideas has landed a £8million deal for Marathon Oil's Brae Complex in the North Sea.
SeaBird Exploration has won seismic work for its Northern Explorer in the greater Caribbean area.
JKX Oil & Gas has successfully restarted production on well-27 in its Koshekhablskoye field in southern Russia.
WGP Group has won a deal to provide seismic services to ConocoPhillips. The five-year deal includes WGP acquiring seismic data sets on the Ekofisk field in the Norwegian sector of the North Sea. WGP is wholly owned subsidiary of Thalassa Holdings.
Trinity Exploration & Production has secured a temporary repayment reprieve for its $13million in debt.
Independent Oil and Gas (IOG)secured the final £4.75million needed for its North Sea Skipper well.
Transocean has won a two-year contract with Husky Oil Operations.
Charter rates for North Sea supply boats and anchor handlers are now so low that most vessels are sailing at a loss and, in some instances, apparently with “insufficient crew and fuel” aboard. It means that the companies that own them are in danger of sinking into a mire of debt and default; even going bankrupt or being forced into mergers. It is claimed there are now so few British seafarers on the ships . . . they are being replaced by cheap, Third World labour . . . that they have become an “endangered species”, according to a leading North Sea trade unionist.
Growth in the economy of the north-east is set to hit reverse as the effects of the plummeting price of oil and gas is starting to “bite”, economists have warned.
An Aberdeen firm whose owner collapsed into administration is still going strong after winning a £1.5million contract in Nigeria.
North-east MSP Stewart Stevenson has tabled a motion at the Scottish Parliament calling on the UK Government to reverse its decision to cut £1billion of funding for carbon capture and storage projects.
Oil extended losses below $40 a barrel amid speculation a record global glut will be prolonged as OPEC abandoned its long-time strategy of limiting production to control prices.
Centrica will update shareholders this week on how much headway it has made to its corporate restructure.
The Egyptian Government ordered its oil and gas arms to freeze talks on importing Israeli natural gas after an international arbitration court ordered the Arab world’s most populous nation to pay a fine of almost $1.73b to Israel.
OPEC abandoned all pretense this week of acting as a cartel. It’s now every member for itself.
A search is still under way for 29 workers missing after a fire swept through an offshore oil platform in Azerbaijan.
An oil worker died and 30 were missing in Azerbaijan after an offshore platform caught fire, the State Oil Co. of Azerbaijan said in a statement.
North Sea “hellfighters” aim to fight doom and gloom in the oil and gas industry.
Petronet, India’s biggest gas importer, is in talks with Qatar’s RasGas to work out a new pricing formula for an existing 25-year contract.
An offshore oil platform has caught fire and had to be evacuated.
OPEC has agreed to set a new oil-output ceiling of 31.5 million barrels a day, according to a delegate with knowledge of the decision.
Offshore caterers have agreed to accept an improved pay offer from the Catering Offshore Trade Association (COTA) averting strike action.