Talisman looks forward to exciting future in North Sea
Talisman Energy said yesterday it was looking forward to an exciting future in the North Sea after completing the £956million sale of nearly half its UK assets.
100million barrels
Sinopec pays $2.46bn for 100mn barrels
Chinese company Sinopec has struck a deal with Total to buy the equivalent of 100million barrels of West Africa crude for around $2.46billion.
Oil and gas deal begins ‘new wave’ of investment
The UK Government has hailed the beginning of a "new wave" of investment in the North Sea oil and gas industry after approving a £1.6billion scheme.
Meticulous approach leads to commercial success
Heading up Agora is Svein Ilebekk, who can best be described as cheerfully meticulous.
Hopes high for Cladhan oil prospect
The boss of North Sea operator Sterling Resources said yesterday he was hopeful about the potential of the Cladhan prospect amid speculation it could contain between 100million and 200million barrels of oil.
The balmy and busy days of summer
Several recent exploration successes show there is still much to play for in the UKCS. With drilling maintaining the levels of the previous month, the outlook for 2010 is potentially as good as any year since 2006, except for 2008.
BP rings in Liberty project offshore Alaska – at last
BP IS at last poised to start development of its Liberty field offshore Alaska, three years after making the decision to press ahead and 11 years following discovery in 1997.
Rocksource to survey Cyclops
ROCKSOURCE is to carry out a controlled source electromagnetic (CSEM) survey over the Cyclops prospect straddling blocks 17/6 and 17/9 in the Norwegian sector of the North Sea.Cyclops is located just north of the Bream and Brisling oil discoveries and is part of the same Middle Jurassic play. The prospect is estimated to contain 100million barrels of recoverable oil.