Dana Petroleum chief decides to step down
Aberdeen oil and gas operator Dana Petroleum said yesterday chief executive Tom Cross had resigned and would leave the company on Monday, November 8.
national oil company
Dana accepts defeat in South Korean £1.67billion takeover
South Korea's national oil company KNOC said yesterday it had taken control of Aberdeen oil and gas operator Dana Petroleum, whose board had accepted defeat in the hostile takeover.
Dana says latest North Sea deal bolsters its defence
Dana Petroleum said yesterday its shares were potentially worth more than £30 each as it stiffened its defences against a hostile £1.67billion takeover bid by South Korea's national oil company, KNOC.
In wake of Macondo Pemex hesitates
MEXICAN state operator Pemex has called a temporary halt to its ultra-deepwater Gulf of Mexico wildcat exploration well, Maximino-1.
Campaign group calls for Cairn sale rethink
ENVIRONMENTAL campaigners called yesterday on oil explorer Cairn Energy to live up to its corporate responsibility commitments to local communities in the areas in which it operates.
KNOC claims backing of big investors for Dana bid
South Korea's national oil company has launched a £1.7billion hostile takeover bid for one of the UK's biggest oil and gas explorers.
Talks over acquisition of Dana stall on valuation issue
Talks on Korea National Oil Corporation's plans to (KNOC) buy Dana Petroleum have ground to a halt.
exploHUB primed to kick off first course
The first intake of students at exploHUB, a new Aberdeen University venture focused on the full-time training of geoscientists in the fundamentals of hydrocarbon exploration, start nine months of study in September.
Matrikon wins £9.7m project from Middle East oil company
Matrikon, which specialises in industrial intelligence services, said yesterday that through a joint venture it had won a £9.7million project from a Middle East national oil company.
Angola debut for Petrobras 10000
NEWLY completed ultra-deepwater drillship Petrobras 10000 has started work in Angola for Petrobras under a 10-year contract. The vessel is to drill a series of exploration wells - rumoured to be up to nine at present - in Angola's deepwater blocks 16 and 18/6 in the Benguela sub-basin of the Kwanza Basin, an area that has so far not been tested with the drillbit. Miocene and Oligocene sands are the main targets as they display seismic anomalies that are thought to be large turbidite plays.
Noble Energy signals North Sea exit
Noble Energy has signalled its intention to sell its assets in the North Sea and analysts have valued a deal as potentially worth up to £400million.
Wood Group has confidence in longer-term market prospects
Aberdeen-based international energy service giant Wood Group said yesterday it had achieved a robust performance in challenging markets in the first half of 2009.
Aker wins Tupi field contract
AKER Solutions said yesterday it had been awarded a contract worth almost £42million by Brazil's national oil company, Petrobras, to supply the first set of subsea trees - including control systems and related equipment - for the Tupi field development off Brazil.
International graduations hat-trick for RGU
ABERDEEN'S Robert Gordon University (RGU) has become the first UK university to hold Masters level graduation ceremonies in three overseas locations for students on corporate oil&gas industry-related programmes. Cappings have been held in Kazakhstan, Algeria and, most recently, Venezuela.
Namibia hunt poised to restart
SINTEZNEFTEGAZ is set to start drilling its Kunene-1 exploration well offshore Namibia in Block 1711 early this month, according to partner EnerGulf Resources.