Aberdeen-based explorer Bridge Energy said yesterday it was planning three exploration wells this year after a step change for the business in 2012.
Shale gas is hot property. The world appears to be awash with the stuff though quite how large the resource is possibly anybody's guess. At best, current estimates are crude . . . no pun intended.
Falkland Oil and Gas (FOG) said it was preparing to start drilling what it described as one of the highest-impact exploration wells to be drilled by an independent this year.
North Sea oil firm Deo Petroleum said yesterday an extension to small field allowances delivered by Wednesday's Budget would save it about £25million in taxes.
Lansdowne Oil & Gas has completed the interpretation of the 3D seismic acquisition carried out over its prospects in the North Celtic Sea offshore Ireland last year.
Oil and gas explorer Desire Petroleum has said its faith in the potential of its Falklands acreage was confirmed by a detailed review of its assets.
OIL and gas operator Talisman Energy posted a jump in net income yesterday for the third quarter of 2010.