Faroe exploration plans
Faroe Petroleum said yesterday it had five exploration wells planned for 2013 in the North Sea and Norway, plus five development wells.
six exploration wells
Trapoil raising £4.3million to fund growth and opportunities
Independent oil and gas exploration firm Trapoil said today it is looking for opportunities to become an operator and grow its exploration portfolio after announcing a £4.3million share placing.
Aberdeen oil firm pouring £136million into Egypt
Aberdeen-based oil and gas firm Dana Petroleum said yesterday it would be investing £136million in Egypt this year after success on two exploration wells.
Superior barge to stand by offshore Alaska
The American Bureau of Shipping is to class the first-of-its-kind Arctic Containment System (ACS), slated for deployment in June to serve all exploration activities in the Chukchi and Beaufort Seas offshore Alaska.
Trap Oil making progress
North Sea-focused Trap Oil Group said yesterday it had made substantial progress towards becoming a full-cycle exploration, appraisal, development and production business.
Boom time for Norway
Last year was a record year for the Norwegian Continental Shelf (NCS) and the boom is set to continue for another five years.
Cairn chief cashes in on buoyant shares
Cairn Energy said yesterday that chief executive Sir Bill Gammell had sold just over 720,000 shares in the company for nearly £3million.
Buzzard keeps beating output expectations, says operator
Canadian energy group Nexen said yesterday the Buzzard field it operates in the outer Moray Firth was consistently exceeding expectations for production.