Falkland Oil and Gas lost nearly half its value yesterday after reporting results from an exploration well.
Sterling Resources said today it had found gas in a Black Sea exploration well.
Over the past five years and aside from Egypt's well-established credentials, the Eastern Mediterranean has been transformed as an offshore hydrocarbons province, largely down to the persistence of one company.
SCANDINAVIAN energy giant Statoil doubled its reserves estimate on the North Sea Aldous discovery yesterday to up to 1.5billion barrels.
Calgary-based Antrim Energy said today it expects exploration drilling to start on its Erne prospect in the central North Sea Greater Fyne area once the WilPhoenix rig completes operations with another operator west of Shetland.
Thirteen Atlantic Margin licences are to be awarded by the Irish Government to a total of 12 companies - including seven new to the region.
FALKLANDS oil and gas explorer Rockhopper Exploration said yesterday its Sea Lion discovery was larger than thought after analysis on new seismic data, further boosting hopes for the region.
NORWEGIAN geoscience firm TGS is to carry out a 3D seismic survey over 1,553 square miles west of Shetland.
The market welcomed BP's £10billion deal with Russian oil giant Rosneft yesterday following Friday's news of an Arctic exploration alliance.
A Scottish-Australian mining joint venture is targeting 1billion tonnes of clean coal from deep beneath the Firth of Forth to generate electricity for Scotland.