Ophir Energy flows gas off Equatorial Guinea
Oil and gas explorer Ophir Energy has flowed gas at a well off Equatorial Guinea. A Drill Stem Test (DST) was carried out at the Fortuna-2 well to assess the deliverability of the Fortuna gas field.
gas explorer
Tullow Oil’s operations in line with expectations for 2013
Tullow Oil said that its financial position for the year to date was in line with expectations, with capital spending set to be around £1.3billion in 2013.
On shore progress on UK projects
Oil and gas explorer Union Jack Oil said yesterday it had made good progress on its UK projects.
Bowleven gas boost
Africa-focused oil and gas explorer Bowleven said yesterday drilling at two of its reservoirs off Cameroon had found condensate-rich gas.
Skarfjell reserves upgrade
Oil and gas explorer Cairn Energy said yesterday it was upgrading its reserve estimate for the Norwegian North Sea Skarfjell discovery to a range from 92-282million barrels of oil equivalent.
Stella area drill award
Ithaca Energy awarded a multimillion-pound contract to Transocean subsidiary ADTI yesterday to complete development drilling at its Greater Stella Area project.
Valiant investors back buyout
Oil and gas explorer Valiant Petroleum will be formally acquired by Ithaca Energy later this month after Valiant shareholders voted overwhelmingly in favour of the move.
Enegi Oil ‘excellent potential’ despite losses
Independent oil and gas explorer Enegi Oil said its interests in the North Sea and Jordan offered excellent potential.
Oil and gas firm slips to £44.6m loss
Oil and gas explorer Valiant Petroleum slipped into the red last year despite becoming a producer for the first time.
Ophir in funding bid
UK-based oil and gas explorer Ophir Energy is asking shareholders for more than £550million to fund drilling projects in east Africa.
Endeavour may sell stake in North Sea
Independent oil and gas explorer Endeavour International is to consider selling its North Sea business as part of a strategic review.
EnQuest retail bond raises £145million
North Sea independent oil and gas firm EnQuest said yesterday it had raised £145million through its retail bond issue.
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.
Oil explorer Faroe focuses on offshore Norway
Aberdeen-based oil and gas explorer Faroe Petroleum expects to spend up to £150million this year as it ups its activity in offshore Norway.
Trapoil picks up North Sea acreage
Oil and gas explorer Trapoil is to take control of all or part of 13 North Sea blocks after a farm-in deal with Extract Petroleum.
Good production testing on Breagh
Aberdeen-based oil and gas explorer Sterling Resources said today it had seen a "good start" to production testing on the southern North Sea Breagh development.
Sterling agrees farm-out to Shell
Oil and gas explorer Sterling Resources has agreed a farm-in deal with Shell for two central North Sea exploration blocks.
Trap Oil aiming to be operator
Oil and gas explorer Trap Oil said yesterday it hoped to achieve operator status in the UK North Sea by the year end.
Sterling says Breagh costs mushroom by 10%
Sterling Resources said today estimated costs for the first phase of its UK southern North Sea Breagh project had grown by 10% to £623million.
Deo now in Parkmead control
Aberdeen oil and gas explorer Deo Petroleum is now officially in the hands of fledgling independent Parkmead Group.
Parkmead completes deal for first production
Aberdeen oil and gas explorer Parkmead said yesterday it had completed a deal to buy stakes in some onshore oil and gas fields in the Netherlands.
Iona brings forward Orlando plans
Oil and gas explorer Iona Energy said yesterday it was in discussions with potential partners to help develop its North Sea Orlando and Kells developments.
Shell drops bid for Cove
Shell today abandoned the battle for control of gas explorer Cove Energy, shocking investors and clearing the way for Thai rival PTT Exploration & Production to acquire it.
Sterling plans selloff as Breagh costs rise again
Oil and gas explorer Sterling Resources wants to sell off its remaining stake in the North Sea Cladhan field and a chunk of its Romanian exploration acreage.
Cairn to raise £231million in Indian share sale
Scottish oil and gas explorer Cairn Energy said today it was to sell a further 3.5% stake in its former majority-owned subsidiary Cairn India for about £231million.