Trap says North Sea exploration well 16 days behind schedule
Trap Oil said yesterday that drilling of the Romeo exploration well had fallen 16 days behind schedule.
canadian firm
Talisman continues student support
Talisman Energy stressed the need to nurture and grow the next generation of the oil and gas industry as it announced the latest winners of its scholarship programme last night.
Tie-up boosts investment
Canadian operator Talisman Energy said yesterday it was to boost spending in the UK North Sea by 40-45% after agreeing to form a joint venture with Chinese firm Sinopec.
Iona takes control of Orlando
Iona Energy said today it had agreed a deal worth about £50million to increase its stake in the northern North Sea Orlando field to 100%.
Oil explorer raises £31.5m
Heavy-oil explorer Xcite Energy has raised £31.5million to help fund ongoing work.
Global SAR role for boss of helicopter firm in Europe
North Sea helicopter operator CHC announced changes to its management structure yesterday under which the president of its European operations team will assume leadership of its global search-and-rescue division.
Sterling Resources takes over operatorship at Sheryl
Sterling Resources has taken over operatorship of the Sheryl oil discovery in the central North Sea from Oilexco North Sea (ONS), which went into administration in early January.
Oilexco secures short-term funding package
Oilexco said yesterday it had agreed new bridging finance of up to £31.25million with the Royal Bank of Scotland and the company's banking syndicate.