Hague and London Oil (Halo) has moved a step closer to completing its acquisition of stakes in a southern North Sea project after receiving UK regulatory approval.
Spirit Energy said today that it would take up the reins as operator of a southern North Sea discovery.
Dutch firm One-Dyas has confirmed an oil discovery with its Ossian-Darach well in the southern North Sea.
China’s CNOOC Ltd has signed up to explore two blocks in Gabon, the 11th contract signed since the country brought in its new hydrocarbon code.
Solo Oil has announced a transformational deal in the Netherlands and is changing its name to Scirocco Energy.
At the end of September there were three active exploration wells and four appraisal wells being drilled in the UK, according to Westwood Global Energy. Two E&A wells were spudded and three were completed during September.
Hague and London Oil (Halo) has struck a deal to buy stakes in several Dutch and UK North Sea assets from One-Dyas for £7.8 million.
The UK North Sea’s maturity is a double-edged sword when it comes to exploration, an analyst has said.