Results from the highly anticipated Buffalo-10 well drilled by Carnarvon Energy (ASX:CVN) and Advance Energy (LON:ADV) offshore East Timor have disappointed. Drilling at the redevelopment project was targeting a potential oil bonanza, which now seems unlikely.
East Timor could pocket just over $600 million if the Buffalo-10 exploration well, due to be drilled late October, is successful. The operator, Australia’s Carnarvon Petroleum, as well as UK partner Advance Energy, said yesterday that they have secured a jack-up drilling rig for the probe at the historic Buffalo field offshore East Timor.
Australia’s Carnarvon Petroleum is one step closer to seeing what BHP and Nexen left behind at the historic Buffalo field offshore East Timor. An exploration well is set to be drilled in late 2021 following the completion of a farm-out deal with UK-listed Advance Energy.
London-based property investor Faro Capital has unveiled plans for a new business park in Aberdeen.
Profits dropped more than 70% for engineering services giant Worley during the first half of its 2021 financial year.
A government report has revealed CNOOC was the biggest tax spender in the North Sea last year while energy giant Shell paid the least on balance after a reimbursement.
A recovering oil price drove a boost to profits for Cnooc’s operations in the UK and Ireland in 2018.
Oil and gas operator Nexen has officially changed its name to Cnooc International.
The Oil and Gas Authority (OGA) is working to solve an “infrastructure puzzle” for what is considered to be the most prospective region of the UK North Sea.
A North Sea oil and gas industry stalwart who hails from Aberdeen was recognised in the New Year Honours List.
Aberdeen-based Intelligent Plant is teaming up with oil operator Nexen and the Oil and Gas Technology Centre (OGTC) to help prevent major equipment failures offshore.
An Aberdeenshire-based oil boss has vowed to look again at childcare for staff members at Kingswells after being challenged at a panel discussion.
A Faroese delegation has been in Aberdeen last week for discussions with five key oil companies, the Oil and Gas Authority, Oil and Gas UK and at least one major subsea contractor regarding future Atlantic Frontier prospects.
A pair of North Sea energy firms have secured the future of a hard-hitting driver safety show, which was at risk of being axed.
The North Sea's largest producing oil field has been shutdown amid planned maintenance, according to a report from Reuters.
COSL has signed a deal with Nexen for a drilling campaign on its Buzzard Phase 2 development.
Oil firm Nexen Petroleum UK has said its partners have given it the nod to extend the life of the North Sea’s biggest producing field.
Chinese offshore oil giant Cnooc Ltd. may have more to offer equity investors betting on the recovery in global crude prices, even if the rally appears to be taking a bit of a breather.
Rig contractor COSL has been ordered to improve its safety measures after a 25-tonne lifting frame was dropped on its Pioneer vessel.
An oil and gas firm has helped people with life-challenging conditions by donating nearly £20,000 to charity.
New work has been found for an Aberdeen Olympian with a rare disability who was made redundant in the oil downturn.
TWMA has secured a drilling waste management contract with Nexen Petroleum, creating work for more than 50 staff.
Shell today announced the discovery of a large deep-water well in the US Gulf of Mexico.
The oil and gas industry has been told the supply chain needs greater clarity on when decommissioning work will arrive in order to secure its future.
A North Sea operator and an Aberdeen-based engineering firm have reported fraudulent recruitment emails going out in their names.