Sweden's Lundin Petroleum said on Monday its Norwegian Luno II field contained a slightly smaller than expected 25million to 120million barrels of oil equivalent (MMboe), pushing the Swedish exploration firm's shares lower.
Oil and gas operator Atlantic Petroleum said yesterday it had enjoyed a record-breaking year, with both profits and turnover rising.
UK-listed oil firm Premier Oil is to become a key Falklands oil and gas player after announcing a £643million deal with Rockhopper Exploration.
Centrica said yesterday its cash offer for Aberdeen's Venture Production was "highly attractive" to the takeover target's shareholders at a time of continued economic uncertainty and market volatility.
MAERSK Olie has made what is described as a significant gas discovery in the Danish sector of the North Sea on block 9/06.
Nautical Petroleum, which focuses on the development of heavy-oil assets in the UK and Europe, said yesterday it was not too concerned about falling oil prices, although heavy oil was typically more expensive to produce than conventional resources.