Baraka Energy launches dispute with Statoil and Petrofrontier
Australian exploration company Baraka Energy & Resources Ltd has launched disputes over work programmes with Statoil Australia Theta and Petrofrontier.
Markets
VAT change fears for Bankers despite Albanian output increase
Canadian oil group Bankers Petroleum has been boosted by its Albanian operations after seeing a 21% rise in output.
Shell leads new deepwater exploration project offshore New Zealand
Shell is leading a new deepwater exploration project off New Zealand’s south-east coast.
Tendeka lands three-year contract ICD contract in the Middle East
Aberdeen-based oil and gas services company Tendeka has won a three-year contract to supply inflow control devices in the Middle East.
Wellslot: Pitiful exploration year for UK as Norway ends 2013 on record high
There is little to report in the way of new activity at the start of 2014, in part due to the malaise (often attributed to a shortage of rigs) evident in the UK sector last year.
Technip lands Petrobras ultra-deep water contracts off Brazil
French oil services group Technip has landed two contracts with Petrobas for ultra-deep water field work offshore Brazil.
Munro’s Travel relishes record turnover
Oil and gas travel-management firm Munro's Travel reported a record financial year at a £70million turnover - a 34% increase on the previous year.
Petrobas starts production at new platform offshore Brazil
Production has started at Petrobas' P-55 platform at the Roncador field in the Campos Basin, Brazil.
Caza Oil and Gas secures £6m to fund New Mexico drilling
US-focused exploration firm Caza Oil and Gas has secured more than £6million to fund development drilling at the West Copperline property in New Mexico's Bone Spring formation.
Shell completes £2.5bn Repsol LNG deal
Oil major Shell has stepped up its presence in the liquefied natural gas market after completing a £2.5billion to buy Repsol's non-US operations.
Odfjell shares fall as it admits West of Shetland rig faces delays after sinking
Shares in Norwegian rig company Odfjell Drilling fell nearly 3% yesterday following the sinking of a £775million drilling rig at the weekend.
Vestas debutes new turbine in Europe
Danish wind turbine manufacturer Vestas has signed its first European order for the V110-2.0 MW turbine for a 40MW project in Poland.
Energy Prices: Facing the choice over heating or eating
Campaigners fear more and more people will have to make the stark choice between heating their homes and eating this winter because of the rising cost of gas and electricity.
Energy Prices: Blackout threats “scaremongering”, says National Grid
The National Grid has dismissed claims there could be blackouts in Britain due to energy supply shortages as “scaremongering”.
Energy Prices: Domestic bills rocket by 140% in a decade
Shock new figures have revealed that domestic energy prices have rocketed by 140% over the last nine years.
Court rejects BP’s settlement “proof of loss” bid
BP's most recent effort to stop settlement payments to Macondo spill claimants has been denied by a federal judge on Tuesday.
IOG looking to become asset operator
North Sea-focused development and production firm Independent Oil & Gas (IOG) is bidding to become the operator of the Skipper and Blythe licences following the withdrawal of their current operator.
Oil firms set for Egyptian debt repayments
The Egyptian Government will finally pay out almost £1billion in overdue fees to foreign oil and gas firms, following three years of turmoil in the country.
Rosneft takes control of Sibneftgas after swap deal
The world's largest oil producer has taken control of gas producer Sibneftgas after a swap deal with Novatek.
Enegi takes out £1m loan to buy back Black Spruce stake
Canadian oil firm Black Spruce Exploration is to sell off most of its stake in Enegi after the latter's switch of focus to marginal fields.
Npower faces £3.5m payout after breaching sales rules to vulnerable customers
Energy company npower is to pay £3.5million to vulnerable customers after it was found to have breached energy sales rules.
$1.5bn boost for Dana Petroleum after new finance backing from banks
North Sea operator Dana Petroleum has been given a vote of confidence by the financial world after securing a near-£1billion credit facility to fund future projects.
Takeover bid for Urals Energy dropped after police raid
Russian oil explorer Urals Energy said the prospective takeover launched earlier this year has now been dropped.
Rockhopper delays Sea Lion concept process over FPSO decision
South Atlantic-focused oil group Rockhopper says it has delayed the concept process for the giant Sea Lion field to find alternate solutions after resolving its tax battle with the Falkland Islands government.
£420m early Christmas present for Centrica after power station sale
Centrica has handed shareholders an early Christmas present after announcing it would return the profits from selling off its power stations in Texas to them.