Victoria Oil and Gas ramps up production
African producer Victoria Oil and Gas has reported significant production increases for the second quarter of 2015.
GE Oil and Gas sign landmark pipeline project
GE Oil & Gas will provide high-end turbomachinery for the first phase of the landmark Trans-Anatolian Natural Gas Pipeline (TANAP) - a partnership between BP, the State Oil Company of Azerbaijan (SOCAR) and Turkey's state-owned BOTA (Petroleum Pipeline Corporation).
Russia becomes second largest exporter of oil to China
Russia became the second largest supplier of oil to China after Saudi Arabia in the first six months of 2015. The country's oil exports increased by 27% as compared with the same period of the previous year to almost 786,000 barrels per day.
New rapid response drone service for North Sea
A new rapid response drone service that can monitor and inspect offshore installations in the North Sea has been launched in Aberdeen.
Oil trades near $50 as rising US crude supply adds to glut
Oil’s rebound from a six-year low has faltered on signs the global surplus will be prolonged as Iran bids to restore output after its nuclear accord.
Dragon Oil director joins ENOC
Dragon Oil has confirmed that Ahmad Al Muhairbi has resigned from its independent directors’ committee after he was appointed to the board of major shareholder ENOC.
Will ROVs ever completely replace human divers?
With increasing demand for remotely operated vehicles, depth, cost, power and safety are powerful arguments
Billions in renewables investment at risk from Government shake-up
The Government's shake-up of the renewable sector could lead to billions of pounds of investment being put on hold it has been claimed.
Golar commits to third FLNG vessel conversion
Golar LNG is to develop a third floating liquefaction facility (FLNG), with the conversion of the liquid natural gas carrier Gandria.
Edison Norge comes up dry on North Sea well
Edison Norge's first exploration well for its North Sea licence has come up dry. The company said the wildcat well 2/11-11 was drilled about seven kilometres southwest of the Valhall field and about five kilometres west of the Hod field.
US private investor snaps up Gestamp Solar
US private equity firm KKR has secured an 80% stake in Spanish solar developer Gestamp Solar.
88 Energy raises A$12 million for Alaskan play
Australian oil producer 88 Energy Limited has raised A$12 million through a shares issue.
Crude rebounds from three month low as dollar stumbles
Crude oil in New York climbed from a three-month low in New York as the dollar slipped for the first time in five days.
Northcote Energy confirms Louisiana oil find
US producer Northcote Energy has confirmed hydrocarbons in its Lutcher Moore well in Louisiana.
Statoil and GE announce winners of shale sand challenge
Energy giants Statoil and GE have announced winners of a competition to find new ways of dealing with sand in shale gas production.
Galicia Energy exits Polish project
Galicia Energy Corporation has exited from its 24% interest in the Bieszczady project in Poland.
Baron Oil plans further exploration in Peru
Baron Oil is to undertake further exploration in Peru after receiving the backing of the Lima government and local communities.
Oil and Gas UK updates well abandonment guidelines
New guidelines have been set by Oil and Gas UK for well abandonment in a bid to increase cross-industry understanding of issues surrounding the process. The industry body has made the move in a bid to continue improving safety and performance across the UKCS (UK Continental Shelf). The first guidelines were set just over 20 years ago with input from member companies and stakeholders.
San Leon drops Polish licences
The company revealed in June it planned to reduce exploration activity and refocus on appraisal, development and production to secure operational cash-flow. In line with this decision, San Leon has relinquished four licences, in addition to PKN Orlen taking on its interests in several other blocks.
Oilex copes with rising demand in India
Oilex has reported better than anticipated results from its recently on-stream Cambay-73 field in India.
Technip secures trans-Adriatic pipeline contract
Technip has secured a project management services contract with Trans Adriatic Pipeline (TAP) to transport gas from the Shah Deniz field to the European market.
Cluff Natural Resources agrees deal with Halliburton for North Sea assets
Investment company Cluff Natural Resources (CLNR) has agreed a deal with oilfield services giant Halliburton to deliver and accelerate development of its Southern North Sea gas and underground coal-gasification (UCG) assets in the UK.
Solar giant makes $2.2billion acquisition
Solar power company SunEdison aims to expand in the residential and commercial sector after buying Vivint Solar in a $2.2 billion deal.
EDF cuts power as France feels the heat
French power firm EDF may cut output at four nuclear reactors amid hot weather.
Petroceltic accuses investor of time-wasting
Petroceltic has said calls by investor Worldview Capital to hold an emergency meeting regarding its $175 million fundraising bid are a "waste of time".