Inspired snaps up WPUK for £2million
Inspired Energy has snapped up fellow energy consultant Wholesale Power UK Limited in a £2million deal.
Savannah agrees $28million licence deal with Niger government
Savannah Petroleum has signed a production sharing contract with the Niger government for the R3/R4 license area.
Ghana’s energy sector receives largest ever guarantees from World Bank
Ghana has received $700million in guarantees from the World Bank for its transformational Sankofa gas project, which is claimed will address the country's chronic energy shortage.
Oil and gas helps accelerate UK growth
Improved North Sea oil and gas production helped the UK economy grow in the three months to July, but the strength of the pound remained a drag on exporters, according to a survey.
Rosneft and Exxon pair up even as US-Russia relations remain tense
Russia’s largest oil producer and Exxon have submitted joint bids in Mozambique’s fifth licensing round to explore the Angoche Basin and Zambezi Delta.
Centrica Energy retains focus on North Sea despite job cuts
Centrica Energy's boss spelled out the reasons behind the oil and gas giant's decision to scale back its upstream operation.
GE supports Japanese mega solar farm
GE Power Conversion has delivered conversion technology to support the Japanese solar industry.
Osbit delivers seven-figure projects to Helix Well Ops
British subsea engineering firm Osbit Power has delivered two well intervention equipment projects, worth several million pounds, to Helix Well Ops.
New OGUK guidelines aim to improve rig shutdown performance
New guidelines to improve efficiency and reliability during planned maintenance shutdowns of offshore installations has been launched by industry trade body Oil & Gas UK.
Subsea 7 lands $500million Egypt contract for BP
Subsea 7 has been awarded a $500million contract by BP, and partner DEA, for the West Nile Delta project in Egypt.
Nostra Terra starts producing in South Texas
Nostra Terra Oil and Gas has begun production at two Texan wells.
Lekoil suspends drilling for safety reasons
Lekoil has confirmed that first oil from its Otakikpo field in Nigeria will be delayed until autumn after drilling operations were halted for safety reasons.
Hess posts $567million quarterly loss
Hess Corp, which sold off fueling stations and refineries to focus on production, reported its second consecutive quarterly loss after crude prices fell.
Call for speakers at Subsea Expo 2016
Industry experts are being urged to step forward and lead discussions on subsea challenges at next year’s Subsea Expo.
Northcote to open Mexican oil recycling plant
Northcote Energy has formed a joint venture in Mexico to develop an oilfield waste recycling facility.
UK oil and gas firms still “fragile” about industry
Oil & Gas UK's Business Sentiment Index for the second quarter of 2015 published today shows that industry remains fragile but that companies’ outlook is improving.
Profits flow at Riverstone
Riverstone Energy has reported a profit $4million for the first half of 2015.
Centrica confirms Bell as chief financial officer
Centrica has appointed Jeff Bell as its chief financial officer. He will also join the Centrica board from August 1.
LGO makes good progress in Caribbean
Production costs of less that $10 per barrel are allowing LGO Energy to progress with confidence with its Goudron development in Trinidad.
Atkins appoints Maersk Oil boss to board
Global engineering consultancy WS Atkins has appointed oil industry stalwart Gretchen Watkins as a non-executive director.
New Mexican gas pipeline secures $820million funding
A major new 465km natural gas pipeline in Mexico has received a $820million funding package.
Dolphin begins its first major seismic survey in Gulf of Mexico
Seismic survey specialist Dolphin Geophysical has kicked off its first major project in Mexico.
Whiting Petroleum appoints ex-ConocoPhillips VP to board
US independent Whiting Petroleum has appointed Carin Knickel to its board.
National Oilwell Varco focused on cost cutting as earnings dip
The boss of US oil field services giant National Oilwell Varco said the company would continue to focus on cost reduction as second quarter earnings dipped.
Magnolia decides to plug US well
Magnolia Petroleum has decided to give up on its Shimanek#2 well in Oklahoma due to high salt water levels and high associated costs.