Enegi in second farm-out out to Azimuth
Independent oil and gas explorer Enegi Oil has agreed to farm-out part of a North Sea block also containing the Phoenix discovery to Azimuth.
full potential
Halliburton swallows up Red Spider
A north-east technology specialist for the oil and gas industry, Red Spider, has been sold to US oil service giant Halliburton in a deal understood to be worth up to £40million.
UK oil and gas production may fall short of potential
New estimates of how much oil and gas can be extracted from the UK North Sea show it may not reach its potential.
Taqa makes oil find with Contender well
Taqa Bratani said yesterday oil had been found in the Contender prospect well in the UK northern North Sea.
Well intervention in spotlight
New well-intervention processes and technologies are vital for oil and gas companies seeking to unlock the full potential of their wells, sustain production and arrest the decline of ageing reserves.
Nigerian issues ‘can be overcome’
The north and north-east's energy industry has been urged to work through security problems in Nigeria and recognise opportunities in the country.
Rockhopper ups Sea Lion estimate
Falklands oil and gas explorer Rockhopper has raised its estimate of how much oil it has in its Sea Lion discovery, despite its latest well being dry.
Lansdowne raises £6m to fund drilling
Energy firm Lansdowne Oil and Gas said yesterday it had raised more than £6million for drilling an appraisal well in the Celtic Sea.
Statoil to order economy rigs for NCS mature fields
Norwegian semi-state operator Statoil is planning to build a new generation mobile offshore drilling unit that is tailored to Norwegian Continental Shelf mature field conditions.
Rockhopper looking to raise further £200m
Rockhopper Exploration, an oil and gas explorer focused 100% on the South Atlantic, yesterday said it planned to raise £200million to carry on its work off the Falkland Islands.