Premier oil's North Sea Huntington field, expected on stream at the end of the month, will add a further boost to the firm’s rising production figures.
Oil and gas explorer Cairn Energy has said it is looking to up to £1.25billion on new developments in the North Sea over the next five years and restart exploration offshore Greenland next year.
In UK waters, 10 mobile units are currently employed on E&A drilling operations - exploration wells, including a single sidetrack, account for three of these while seven appraisal wells including two sidetracks are active.
North Sea explorer Valiant Petroleum said today it more than doubled profits last year.
North Sea oil firm Hurricane Exploration is on the hunt for £100million of extra funding as it looks to move towards its first development west of Shetland.
Offshore drilling on the UK continental shelf (UKCS) fell by 20% during the third quarter of 2010 compared with a year earlier.
ENCORE Oil said yesterday it had agreed a contract for the Transocean Galaxy II jack-up rig to drill up to four exploration and appraisal wells on the Catcher discovery in block 28/9 in the UK central North Sea.
The Athena field in the Outer Moray Firth is on target to come on stream at the end of the third quarter of next year.
THE UK sector is not the only part of the North West Europe Continental Shelf where Q1 drilling activity is behind the same period in 2009.
There has been a surge in drilling for oil and gas in UK waters over the summer, according to new figures released yesterday.
A just published study commissioned by Rockhopper Exploration shows just how tantalisingly close the late-1990s exploration drilling campaign to the north of the Falkland Islands was, especially one of the two operated by Shell.
The chief executive of Premier Oil said yesterday it had been able to maintain a portfolio of future developments which should have the potential for significant, profitable growth over the next few years.
Tullow Oil, which has had a string of exploration successes in Africa, said yesterday it had successfully concluded a share placing with new and existing institutional investors to raise £402million.
TOTAL has signed an agreement with Nigerian company Conoil Producing to farm into deep offshore block OPL257 for a 40% interest, leaving Conoil as operator with a 50% interest, while another Nigerian company holds the remaining 10%.