Faroe Petroleum said yesterday it had five exploration wells planned for 2013 in the North Sea and Norway, plus five development wells.
six exploration wells
Independent oil and gas exploration firm Trapoil said today it is looking for opportunities to become an operator and grow its exploration portfolio after announcing a £4.3million share placing.
Aberdeen-based oil and gas firm Dana Petroleum said yesterday it would be investing £136million in Egypt this year after success on two exploration wells.
The American Bureau of Shipping is to class the first-of-its-kind Arctic Containment System (ACS), slated for deployment in June to serve all exploration activities in the Chukchi and Beaufort Seas offshore Alaska.
North Sea-focused Trap Oil Group said yesterday it had made substantial progress towards becoming a full-cycle exploration, appraisal, development and production business.
Last year was a record year for the Norwegian Continental Shelf (NCS) and the boom is set to continue for another five years.
Cairn Energy said yesterday that chief executive Sir Bill Gammell had sold just over 720,000 shares in the company for nearly £3million.
Canadian energy group Nexen said yesterday the Buzzard field it operates in the outer Moray Firth was consistently exceeding expectations for production.