Cairn gets go-ahead from Greenland
SCOTTISH oil and gas operator Cairn Energy said yesterday it had gained approval from the Greenland government to go ahead with the first two exploration wells of a four-well programme planned this summer.
gas operator
New North Sea operator to get £180m of backing
New UK North Sea oil and gas operator EnQuest, formed in a spin-off of assets by British energy services group Petrofac and Sweden's Lundin Petroleum, is to get backing of £180million to pursue acquisitions.
Appraisal results raise BG’s hopes for Brazilian assets
BG Group has confirmed high productivity from well tests on the Tupi North-East field in the Santos Basin, offshore Brazil.
Operator Ithaca ups reserve to 15.99m barrels
ITHACA Energy, the oil and gas operator focused on the UK North Sea, has reported a substantial increase in reserves.
Talisman lifts budget to more than to £3bn
Talisman Energy said yesterday it planned to increase capital spending this year by more than 10% on 2009 to £3.15billion.
Cairn takes full control of Capricorn
SCOTTISH oil and gas operator Cairn Energy added to its interests in the North Atlantic yesterday by taking full control of exploration subsidiary Capricorn, which owns large oil blocks offshore Greenland.
Dana updates investors on latest projects
Dana Petroleum said yesterday that after an agreement with Hyperdynamics in October to farm into the entire exploration licence offshore Guinea its initial evaluation of data was very encouraging.
Melrose upbeat over Kaliakra well
MELROSE Resources, the Edinburgh-based oil and gas operator, said yesterday it had successfully drilled a well to appraise its Kaliakra gas discovery in Bulgaria.
Endeavour now in stronger position
ENDEAVOUR International, the Houston-based oil and gas operator with growing interests in the UK North Sea, said yesterday the second quarter of 2009 had been one of strategic significance for the company.
Artificial lift helping Ithaca to ramp up Jacky production
Ithaca Energy said yesterday that its production from the Jacky field was ramping up.
Disappointing quarter for Buzzard operator
Oil and gas operator and explorer Nexen saw its second-quarter profits tumble as crude oil and gas prices plunged from the record levels of last July.
Melrose announces gas find in Egypt
MELROSE Resources, the Edinburgh-based oil and gas operator, said yesterday it had made a gas discovery and achieved first production from two new field developments in Egypt.
Faroe boosts reserves in busiest year yet
Faroe Petroleum, the Aberdeen-based oil and gas operator, said yesterday that 2008 had been its busiest year yet.
Venture’s production up by 15% in first quarter
VENTURE Production, the oil and gas operator which has its headquarters in Aberdeen, said yesterday that its production during the period January 1 to April 1 averaged 51,300 barrels of oil equivalent per day (boepd) - up 15% on the same period last year.
Providence buoyed by well’s potential
IRISH oil and gas operator Providence Resources said yesterday it had achieved better-than-expected results from a development well on its onshore Singleton oil field near Chichester in West Sussex.
Prudence Melrose’s mantra this year
MELROSE Resources, the Scottish oil and gas operator with interests in Egypt, Bulgaria, Romania, America, France and Turkey, said yesterday it was not immune to the global downturn.
Edinburgh-based oil and gas operator signs Black Sea buy-in
MELROSE Resources said yesterday it had signed a farm-in agreement with Sterling Resources under which it would earn a 32.5% interest in two blocks in the Black Sea, offshore Romania.
Bid deadline for ONS asset disposal passes
The deadline for final bids for crashed oil and gas operator Oilexco North Sea (ONS) passed yesterday, with restructuring experts giving nothing away about the progress of the selloff.
Talisman reports 69% surge in income in ‘year of change’
Talisman Energy, the Canadian oil and gas operator which has significant interests in the UK North Sea and Norway, said yesterday that 2008 was a year of change for the company.
E&Y makes its views clear on Oilexco bonuses
Administrators at oil and gas operator Oilexco North Sea (ONS) clarified their position yesterday on retention bonuses proposed for staff at ONS and its Canadian parent to keep them working throughout the administration process.
Nexen finds oil near recent Golden Eagle discovery
Canadian oil and gas operator Nexen announced an oil discovery yesterday in the Hobby exploration well, in block 20/1 in the outer Moray Firth.
Oilexco battling to remain on exchange
Oilexco, the Canadian oil and gas operator whose UK subsidiary Oilexco North Sea (ONS) is in administration, has reported that the Toronto Stock Exchange has agreed to delay its delisting until Tuesday.
Tests prove gas find in North Sea field
VENTURE Production, said yesterday it had successfully tested a well to appraise the Cygnus gas field, and that it believed the southern North Sea field would be a core asset for many years.
£360m BG bid for Pure on the table
OIL and gas operator BG Group threw down the gauntlet to bid rivals yesterday with a £360million offer for Australian coal-seam gas producer Pure Energy.
ONS parent secures bankruptcy shield
CANADIAN oil and gas operator Oilexco, whose UK subsidiary Oilexco North Sea (ONS) is in administration, has obtained a court order for bankruptcy protection under Canadian law.