The North Sea remains an “active market” and a basin to “keep an eye on” for future acquisitions, said the boss of Cairn Energy yesterday after his firm shot to profit.
The Kurdistan Regional Government has made the third consecutive payment to companies producing in the region this month.
DNO ASA, the Norwegian oil and gas operator, have announced a suspension of production in Yemen as violence continues to rock the Middle Eastern country. The news comes just a day after French giant Total evacuated all expatriate staff from Saana and Kharir in the country. The oil major said its operations on Yemen’s Block 10 have also been reduced , with gas production maintained only for local power generation and supply to nearby communities.