BP sells off controlling stake in Brazilian Polvo field for £87million
Oil major BP said today it had agreed to sell its 60% interest in the Polvo oil field in Brazil to Brazilian firm HRT for £87million.
oil field
BG signs £1.2billion deal for sale of Australian project stakes to Chinese corporation CNOOC
Oil and gas company BG Group said today it has signed a £1.24billion deal with China National Offshore Oil Corporation (CNOOC) for the sale of interests in the Queensland Curtis liquid natural gas (LNG) project in Australia.
Lundin Petro says Luno II holds up to 120million barrels of oil
Sweden's Lundin Petroleum said on Monday its Norwegian Luno II field contained a slightly smaller than expected 25million to 120million barrels of oil equivalent (MMboe), pushing the Swedish exploration firm's shares lower.
Buzzard shut in after alarm
Production from the UK North Sea’s giant Buzzard oil field was shut down after a release of steam triggered an alarm.
BP could delay major oil project
BP said yesterday it could delay a major oil project in the Gulf of Mexico because rising costs made it difficult to justify development.
First oil from North Sea field
Premier Oil said yesterday that oil production had started from the Huntington field in the UK central North Sea.
GSP jack-up gets Russian Barents Sea well to drill
Russian energy behemoth Gazprom Neft has contracted GSP Offshore's jack-up GSP Jupiter to drill in the Pechora Sea offshore northern Russia this summer.
CNOOC chief in move to allay western concerns
The head of China National Offshore Oil Corporation (CNOOC) told an audience of energy industry executives in Houston he hoped to overcome “misunderstandings" about the purpose of recent acquisitions by Chinese oil companies.
Buzzard output hit by problem
The Buzzard oil field in the UK North Sea is pumping below capacity at around 150,000 barrels per day (bpd) after a problem with a separator at the Kinneil oil terminal, sources said yesterday.
RRC to provide Solan subsea control systems
Aberdeenshire firm RRC Controls Services has won a £2.5million contract from Premier Oil for its Solan oil field, west of Shetland.
Explorer hoping to test oil prospect from land
An oil and gas exploration firm is looking at further potential onshore drilling in Scotland in its search for North Sea oil.
Polaris scoped by FTG
New seismic technology has unlocked what is thought could be major new oil prospect offshore Ireland.
Major new potential offshore Ireland oil find for Providence
New seismic technology has unlocked what is thought could be major new oil prospect offshore Ireland.
EnQuest snaps up 8% stake in Alba
UK North Sea oil and gas company EnQuest said today it had bought two companies holding an 8% total stake in the Alba oil field from Cieco of Japan for an initial £18.75million.
Nexen gets go-ahead for North Sea development
Oil firm Nexen said yesterday that it had received approval from the Department of Energy and Climate Change to develop the Solitaire oil field about 43 miles north-east of Aberdeen in the central North Sea.
Trap says North Sea exploration well 16 days behind schedule
Trap Oil said yesterday that drilling of the Romeo exploration well had fallen 16 days behind schedule.
Spaniards East a dry hole
Premier Oil said today it would plug and abandon a possible extension to the Spaniards oil discovery after disappointing results.
Starting gun fired on Spaniards East
Premier Oil has started drilling on the central North Sea Spaniards East prospect, it was announced today.
£9.6bn Nexen move under review
The Canadian government has started a formal review of China National Offshore Oil Corporation's (CNOOC) proposed £9.6billion takeover of Nexen.
Prospect may be linked to Johan Sverdrup find
Norwegian energy giant Statoil said yesterday a huge North Sea oil field could be boosted by another prospect nearby.
Nexen calls for vote on takeover
Shareholders of Nexen will vote next month on whether to approve the Canadian oil firm's £9.6billion takeover by China National Offshore Oil Corporation (CNOOC).
Providence increases Celtic Sea acreage
Irish oil explorer Providence Resources said today it had been offered an "option licence" in the Irish Sea close to its Barryroe discovery.
Force majeure and change of tack
Privately-owned oil exploration firm Caithness Petroleum has set its sights on a new target in the Inner Moray Firth.
Presence in sector ‘would give firms higher profile’
A move by two Chinese oil firms into the UK North Sea could herald China's entry on to the global oil industry stage, according to an energy security analyst.
Kuwait oil company signs £300m North Sea deal
The national oil company of the Gulf state Kuwait signed a deal yesterday to pave the way for a £300million investment in the North Sea.