Oil explorer Xcite Energy said yesterday it planned to start production at the Bentley field in the North Sea within five months.
OIL and gas explorer Trap Oil Group, which trades as Trapoil, is to farm out its UK North Sea Kew field to Centrica and Japan's JX Nippon.
Oil and gas firm Endeavour International said today it remained focused on first production on two key North Sea assets.
UK CONTINENTAL Shelf (UKCS) drilling activity has increased by just one well in the last month.
EnCore Oil said yesterday that the Burgman find in the central North Sea could contain more than 100million barrels of oil.
Shares in Desire Petroleum and Rockhopper Exploration tumbled yesterday after confirmation that the first well drilled off the Falklands in more than a decade had been a disappointment.
IRISH company Providence Resources has contracted the semi-submersible drilling rig, GSF Arctic II, for its Celtic Sea drilling programme of two firm wells plus an option offshore Ireland this summer. The company said it confirmed the presence of a significant oil accumulation at the Hook Head structure with the drilling last autumn of the 50/11-3 appraisal well. Providence logged a total of 75ft of net hydrocarbon-bearing reservoir in a 484ft gross hydrocarbon-bearing interval.