Marathon VP Pete Jones appointed to lead TAQA’s UK business
North Sea oil firm Taqa said yesterday it had appointed Highlander Pete Jones as managing director of its UK business.
gas firm
EOG profits up after Texas production boost
Oil and gas firm EOG Resources said today its first-quarter earnings were up 53 % to £319million ($495million), as oil and gas output from the company's wells in the Eagle Ford formation in Texas helped push up production.
Talisman ‘on track’ despite £137m loss
Talisman Energy said yesterday it was on track to meet its cash-flow targets for 2013 despite first-quarter losses of £137million.
Catcher yields more oil
Premier Oil said yesterday it had discovered oil at its Bonneville exploration well in the central North Sea.
Approval for Orlando
Oil and gas firm Atlantic Petroleum said yesterday the development plan for the North Sea Orlando field had been approved by the Department of Energy.
Koreans land £1.24billion Rosebank production vessel deal
Oil giant Chevron has agreed a £1.24billion deal with Hyundai Heavy Industries to build a production vessel for a huge oil field west of Shetland.
Rockhopper promotion
Falkland Islands-focused oil and gas firm Rockhopper Exploration said yesterday it had appointed Fiona MacAulay as technical director.
Ithaca to snap up rival
Oil and gas firm Ithaca Energy said yesterday it had agreed to buy smaller rival Valiant Petroleum for £203million.
Faroe adds assets in UK and Norway
Oil and gas firm Faroe Petroleum said yesterday it had acquired a 25% stake in the Pil prospect in the Norwegian Sea and a 50% share in the Lowlander discovery in the UK central North Sea.
EnQuest retail bond raises £145million
North Sea independent oil and gas firm EnQuest said yesterday it had raised £145million through its retail bond issue.
Exploration director leaving Rockhopper
Falkland Islands oil and gas firm Rockhopper Exploration has said that exploration director Dave Bodecott would retire from the board at the end of the month.
Bridge reveals exploration plans
Aberdeen-based explorer Bridge Energy said yesterday it was planning three exploration wells this year after a step change for the business in 2012.
Financial firepower increased
Faroe Petroleum has announced a significant increase in its bank credit.
Drilling halts on Brugdan
Bad weather has halted a exploration well in Faroese waters by Norwegian oil and gas firm Statoil.
‘Undervalued’ Ithaca seen as ripe for takeover
North Sea focused oil and gas firm Ithaca Energy is undervalued and likely to face more takeover bids, industry analysts said yesterday.
Plexus lands deal in Norway
Aberdeen oil and gas firm Plexus Holdings says it has signed a £1million contract with a new client in Norway.
Ithaca to spend £24million on production assets
Aberdeen-based oil and gas firm Ithaca Energy is to boost its production by buying stakes in two central North Sea oil fields for £24million.
New business development director at Sterling
Aberdeen and London based oil and gas firm Sterling Resources has appointed a new vice president of business development.
Ithaca to test Hurricane
Aberdeen oil and gas firm Ithaca Energy has said it is to carry out a drill stem test on its Hurricane discovery.
Platypus shows strong results, says Dana
Aberdeen-based oil and gas firm Dana Petroleum said today that drilling on its Platypus gas discovery had shown "strong results".
Nexen hails 71% rise in Buzzard field’s output
Canadian oil and gas firm Nexen said yesterday production from the Buzzard field rose 71% in the second quarter, compared with the same period last year, helping boost revenue.
OMV ups west of Shetland game
Austrian oil and gas firm OMV said yesterday it had sold a stake in the North Sea Beryl field as part of plans to focus on the west of Shetland area.
Oil company aims to drill in Nigeria
A north-east oil firm could be heading for a £100million stock market flotation in the coming weeks.
Premier increases Norwegian holdings
Oil and gas firm Premier Oil said today it had agreed a deal to increase its stakes in two Norwegian fields.
EnQuest continues acquisition trail
North Sea-focused oil and gas firm EnQuest today announced yet more acquisitions but said production fell in the first quarter pf 2012.