Red Emperor makes progress in Philippines
Red Emperor Resources has said the Hawkeye-1 exploration well in Palawin Basin in the Philippines has been performing well since being spud at the end of July.
Rockhopper moves ahead with Italian field development
Rockhopper has received approval from the Italian government for its environmental impact assessment of the Ombrina Mare field development in the Mediterranean. The move comes on the same day it struck a deal with Beach Energy for the acquisition of a number of assets in Egypt.
BAM Clough secures Woodside marine services contract
Woodside Energy has awarded the joint venture BAM Clough the marine installation services contract for the Karratha gas plant life extension integrated marine campaign project in Western Australia.
New category for Oil and Gas UK Awards 2015
A new award recognising the contribution of energy sector pioneers will be presented at this year's Oil and Gas UK Awards.
Petro Matad carries out aerial survey in Mongolia
Petro Matad will undertake the first airborne survey of its kind in the mountainous desert areas of Mongolia to assess exploration opportunities.
Pacific Drilling cost savings help second quarter earnings
Pacific Drilling performed better than expected in the latest quarter despite having only five rigs in service during the three months to June.
Lukoil borrows $1billion for Asian gas project
Lukoil has agreed a $1 billion dollar loan agreement with a consortium of banks to ensure the company’s participation in the next stage of giant Shah Deniz gas field development in Azerbaijan.
Eland retains focus in Nigeria
Eland Oil and Gas, the West African-focused producer, is continuing to achieve good performance from its Opuama field in Nigeria.
Exxon signs deal to extend acreage in Midland Basin
Exxon Mobil has agreed deals to obtain development rights for an additional 48,000 acres in the core of the Midland Basin in Texas.
Sound Oil changes name to Sound Energy
An increasing focus on gas production has led Sound Oil to change its registered name to Sound Energy.
MIT devises more effective way to measure wind resources
When a power company wants to build a new windfarm, it generally hires a consultant to make wind speed measurements at the proposed site for a period of time.
The Aberdeen street that summed up the city’s first oil crash
As a bellwether for the state of the Aberdeen economy, one street came to symbolise the boom and bust of the oil industry in the 1980s.
Marathon Oil is latest oil major to report big loss
Marathon Oil became the latest oil and gas major to post a massive cut in earnings in 2015 - revealing a $386 million loss for the three months to June 30.
WPX Energy reports $30million loss but hails progress
US-focused producer WPX Energy suffered a $30million loss in the three months to June 30, but has hailed this as an improvement over the $135 million net loss during the second quarter of 2014.
Hannon Westwood snaps up Novas Consulting
Exploration research and analytics firm Hannon Westwood has acquired Novas Consulting for an undisclosed sum.
Canadian Natural Resources posts $405million second quarter loss
Canadian Natural Resources, which owns several fields in the North Sea, has reported a second-quarter loss of $405million compared to a $1billion profit a year earlier.
Genel Energy earnings up in Kurdistan
Kurdish oil producer Genel Energy has reiterated its commitment to the region, as it revealed its earnings are up for the first half of the year.
Songa Offshore hits 100% operational efficiency thanks to Statoil
Drilling contractor Songa Offshore has issued a July fleet update.
New Suez Canal opens – GNS supplies new charts
Egypt opens the New Suez Canal today and maritime services group, Global Navigation Solutions (GNS), has been named as supplier of all new charts for the waterway.
Sound secures Italian job with Shell
Sound Oil, the Mediterranean focused upstream gas company, has signed a gas sales agreement with Shell for the Casa Tonetto production concession.
Global SCS opens new office in Dubai
Oil service company Global SCS has undertaken further expansion.
Offshore and nuclear decom specialists combine forces
Two specialist decommissioning firms - one from the offshore and the other from the nuclear sector - are to work together to share each other's expertise.
Dundee Uni to lead offshore turbine screw-piles research project
Dundee University is to lead a major research project to determine whether cheaper, more environmentally responsible and more effective foundations can be developed for the offshore renewables industry.
Airbus taking offshore helicopter safety to new heights
More strides are being made to make North Sea commuting safer for passengers and pilots alike.
Survivex provides safety training package to Nexen
Specialist training provider Survivex has developed a customised safety service package for oil major Nexen.