Alliance Oil Company Ltd's shareholders gathered in Stockholm for the Annual General Meeting (AGM). The AGM adopted the consolidated profit or loss and financial position statements.
Lundin Petroleum AB has, through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), completed the drilling of wildcat well 7/4-3. The well was drilled 24 km north of the Lundin Petroleum operated Brynhild field in the North Sea, offshore Norway, and approximately 22 km east of the UK Everest field.
In regards to energy usage, the UK is in a position which is not wholly desirable. The fact of the matter is that the UK's requirement for energy is considerably larger than its production.
Lundin Petroleum AB, the operator of the 7/4-3 well drilled on the Carlsberg prospect in the Norwegian North Sea, in which Tullow Oil plc is a 40% partner, today issued the following statement. "Lundin Petroleum AB (Lundin Petroleum) has, through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), completed the drilling of wildcat well 7/4-3.
Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC), announce that further to its press release dated 14 January 2013, NIS has executed a drilling contract with Germany-based drilling company DrillTec Grossbohr- und Umwelttechnik GmbH ("DrillTec") for the multi well programme.
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce it has received a purchase order worth circa £1 million from Gaz de France Suez E&P UK Ltd ('GDF'), a leading oil and gas company, to supply its POS-GRIP High Pressure High Temperature ('HP/HT') wellhead system for exploration activities in the UK North Sea. Revenue from this order has recently commenced.
Bridge, the Oslo Børs and AIM listed oil and gas exploration and production company (OSE: BRIDGE/ AIM: BRDG.L), announce its Q1 trading update for the period ended 31 March 2013.
Teekay Offshore Partners L.P.
Fastnet Oil & Gas plc (AIM: FAST, ESM: FOI) the E&P company focused on near term exploration acreage in Africa and the Celtic Sea, is pleased to provide an operational update, scoping independent resource estimates and an outline of the forward program for the Deep Kinsale farm in area ("Deep Kinsale"). Highlights Acquisition of 500 sq.
Gotland Oil AB (Aktietorget: GOTO) on 17 May 2013 signed a merger agreement with Gripen Gas AB. Gripen Gas AB has a strong position in a gas play in Östergötland where potentially commercial volumes of gas with significant value exist.
Xcite Energy is pleased to announce that its 100% subsidiary, Xcite Energy Resources Limited ("XER"), has entered into a non-exclusive, confidential, binding sale and purchase agreement ("Agreement") for certain technical data in respect of the Bentley 9/03b-6, 6Z well, and the recently concluded 9/03b-7 and 7Z extended pre-production well test. Under the terms of the Agreement, XER will receive $15 million in respect of the well data and associated interpretation work.
Newton Energy Corporation (TSX VENTURE:NTN) announces the Letter of Intent ("LOI"), referenced in the press release dated January 28, 2013, entered into with a Canadian based independent energy company for the disposal of non-core assets within the UK East Midlands has expired and the transaction did not close. The parties did not enter into a formal Sale and Purchase Agreement, no consideration was received and the option to purchase the remainder of PEDL 254 and the entire PEDL 255 expired.
Kentz Corporation Limited, the holding company of the Kentz engineering and construction group ("the Group"), releases the following statement on the occasion of its Annual General Meeting, which is being held today at 10.00am in London.
Sound Oil, the Italian focused upstream oil and gas company is pleased to provide an update on the forthcoming drill of the first Nervesa appraisal well. LP Drilling SrL, the operator of the contracted TB2100S drilling rig, has informed the Company that drilling operations in the Netherlands are now complete and the rig has been released from the site in Holland.
Sound Oil, the Italian focused upstream oil and gas company, is pleased to announce that first gas was delivered from the onshore Rapagnano field to the local gas distributor on 15 May 2013. The initial production rate was 14,600 Scmd (0.
Cape plc, the international provider of essential support services to the energy and mineral resources sectors, today issues the following Interim Management Statement for the year to date, in advance of its Annual General Meeting which will be held at 11.00am today.
BP and shell offices were raided yesterday over allegations of price fixing that could inflate oil prices and, in turn, the cost of petrol. The European Commission confirmed it had made a series of unannounced inspections on a number of oil firms.
Solo Oil plc announces that it has raised £1.5 million gross proceeds through the issue of 375 million new ordinary shares of 0.
PRODUCTION SUMMARY Production from 1 January to 30 April 2013 averaged 20,494 Boepd, reflecting the third party shutdowns of the Brent pipeline in Q1 2013. EnQuest confirms production guidance of between 22,000 Boepd and 27,000 Boepd for the full year.
The 'Fault Margin' appraisal well in PL 265 on the Johan Sverdrup discovery is in the process of being completed. Det norske oljeselskap ASA is of the opinion that the well results are very good.
Ahead of UK Shale 2013: Making It Happen, the 2nd annual initiative focused on making shale development in the UK a reality, Tony Bazley - the regional director of Tamboran Resources, spoke with us about how companies can gain local acceptance and why events such as Making It Happen can help the industry. When considering what has worked for Tamboran in relation to public acceptance, Tony noted that the most successful channel has been meetings: 'Public meetings in the counties, meetings with business groups and councils, environmental agencies etc.
Paradigm Flow Services has achieved turnover of £5.3 million for its global technology operations in 2012, as the company also announces new contract wins worth more than £3 million.
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Statoil an engineering, procurement, construction and installation lump-sum contract for the Norne field development, located in the Norwegian Sea at a water depth of approximately 380 meters. The contract covers the: engineering and fabrication of two flexible smoothbore gas export risers*, marine operations to remove one existing roughbore riser connecting the Norne floating production storage and offloading (FPSO) unit with the gas export pipeline, and replace it with one of the new flexible smoothbore risers, provision of the second flexible smoothbore gas export riser on a reel to Statoil as spare for future use.
Petrel Resources today announces that a data room has been opened in London for its two Licensing Options, 11/4 and 11/6, in the Porcupine Basin, Irish Atlantic Margin. The two Licensing Options cover 1,400 square kilometres, with licence 11/4 in the north of the basin, and 11/6 in the east of the basin.
Lansdowne Oil & Gas announce its audited results, for the year ended 31 December 2012. Lansdowne is an upstream oil and gas company, focused on exploration and appraisal activities in the North Celtic Sea Basin, off the south coast of Ireland.
Antrim Energy Inc., a Canada-based international exploration and production company, today announced consent has been received from the Irish Government for the transfer of interest and operatorship for its Licensing Option 11/5 (Antrim 100%) in the Porcupine Basin offshore Ireland's west coast.
Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, announces that Rex Canon, Chief Executive Officer and one of Maple's co-founders, is stepping down from the Company and all of its subsidiaries on 31 July 2013. After nearly 20 years of leading the Maple organisation and following the completion of the Company's most recent significant strategic objective, the commencement of commercial operations of the Company's Ethanol Project in 2012, Mr.
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, is pleased to announce Irish Government consent has been received for the transfer of interest and operatorship ('Transfer') for its two Licensing Options LO 11/7 and LO 11/8 ('Licences'), which cover approximately 2,000 sq km in the highly prospective South Porcupine Basin in the Irish Atlantic Margin, to a subsidiary of the independent oil and gas exploration and production company Kosmos Energy Ltd ('Kosmos'). The Transfer was approved by the Minister of State at the Department of Communications, Energy and Natural Resources on 8 May 2013 and as a result, Kosmos now holds an 85% interest in, and has assumed operatorship of, both Licences with Europa holding the remaining 15%.
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) announces the execution of a farm-out transaction with Shell UK Limited ("Shell") in respect of the UK exploration assets acquired pursuant to the acquisition of Valiant Petroleum plc ("Valiant"), completed on 19 April 2013 (the "Acquisition").
ABERDEEN-headquartered industrial services contractor Bilfinger Salamis UK has been awarded a major contract by Chevron Upstream Europe (CUE) to provide a full range of fabric maintenance services on the company's North Sea platforms. The flagship contract, with a potential value of approximately £50 million, runs for three years and has two additional renewal options.
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces the appointment of Jonathan Cooper as Chief Financial Officer. Jonathan Cooper is a chartered accountant by training having qualified with KPMG before joining Dresdner Kleinwort Benson (later Wasserstein) in their Oil & Gas Corporate Finance and Advisory Team.
TomCo Energy PLC (AIM: TOM), the oil shale exploration and development company focused on using innovative technology to unlock unconventional hydrocarbon resources, announces its interim results for the six months ended 31 March 2013. HIGHLIGHTS Successfully raised £1.
A manager of a global offshore company who stole almost £160,000 to take her boyfriend on luxury holidays has been ordered to repay less than £10,000. Caroline Woollen tricked her Danish employer, Nordic Offshore, into believing she had secured lucrative contracts with major firms, including Shell and Siemens.
InfraStrata plc (AIM:INFA), the independent petroleum exploration and gas storage company, is pleased is pleased to announce that Islandmagee Storage Limited, 65% owned by the Company, has awarded Islandmagee based contractor Graeme Barr Plant Hire the contract to construct the project wellsite and the associated access road adjacent to Larne Lough. This wellsite will be the platform from which the drilling of a well is expected to take place towards the end of 2013, whereupon core samples of the Permian salt will be obtained from the well to confirm the depth, thickness and composition of the salt, and finalise the design of the caverns.
Egdon Resources plc (AIM:EDR) is pleased to announce the farm-out of an interest in Petroleum Exploration and Development Licence 180 ("PEDL180"), located in Lincolnshire, to Union Jack Oil plc ("Union Jack"). The farm-out is a further example of delivering on the Company's strategy of farming out assets to manage risk and accelerate activity.
Three months ended 31 March 2013 (31 March 2012) Production of 35.6 Mboepd (34.
Chrysaor E&P Ireland Limited, a subsidiary of Chrysaor Holdings Limited, an independent exploration and production company focused on developing and commercialising oil and gas discoveries in the UK North Sea and Ireland, is pleased to announce it has signed a farm-out agreement with Capricorn Ireland Limited (“Capricorn”), a wholly owned subsidiary of Cairn Energy PLC (“Cairn”), whereby Capricorn will acquire the rights to obtain an interest in Chrysaor’s two Frontier Exploration Licences (“FEL”) 2/04 and 4/08 and in the Licensing Option (“LO”) 11/2, all in Quad 35 offshore West of Ireland. Under the terms of the farm-out agreement, Capricorn will acquire a 38% interest in FEL 2/04, FEL 4/08 and LO11/2.
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Statoil a contract for the removal and replacement of the two oil-loading systems at the Gullfaks field. This field is located in the North Sea, offshore Norway, at a water depth of approximately 130 meters.
Providence Resources P.l.
Cairn Energy PLC (Cairn) is pleased to announce a farm-in as Operator to two licences offshore West of Ireland in the Porcupine Basin, which contains the undeveloped Spanish Point gas condensate and Burren oil discoveries, and six adjacent licensing option blocks. The acreage covers an area of 2,753km2 with more than 500km2 of 3D seismic and will provide locations for Cairn's frontier drilling programme.
Premier is pleased to announce the successful well test of the Luno II discovery on PL 359 (Premier equity 30 per cent). The production test achieved an average flow rate of 2,044 barrels of oil per day of good quality (36 degrees API) crude oil through a 48/64 inch choke, with a gas to oil ratio of 1,012 standard cubic feet per barrel.
Sound Oil, the European focused upstream oil and gas company, is pleased to provide an operations update on the Nervesa appraisal well, onshore Italy. The Company has been advised by the owner of the contracted Drilltec TB2100S drilling rig that the rig has reached Total Depth at its current location in the Netherlands.
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) officially named its latest new state-of-the art pipelay vessel on Friday at Florø, Norway. During the ceremony held at Westcon's Yard, the Deep Energy was named by the vessel's godmother, Patricia Pilenko, wife of Thierry Pilenko, Technip's Chairman and Chief Executive Officer.
Lundin Petroleum AB (TSX:LUP)(OMX:LUPE) (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway AS (Lundin Norway) is pleased to announce that the testing of the previously announced Luno II discovery has been successfully completed. The discovery is located in PL359 in the central North Sea sector of the Norwegian Continental Shelf (NCS) on the south western flank of the Utsira High approximately 15 km south of the Lundin Petroleum operated Edvard Grieg field.
In August 2012, Petroceltic International announced its intention to seek admission to the Main Markets of the London and the Irish Stock Exchanges ("Admission") within 12 months of the proposed merger with Melrose Resources plc becoming effective. The Board continues to believe that Admission would broaden the range of investors and funds capable of investing in the Group and contribute to the development of an active and liquid market in its shares.
Sterling Resources Ltd. (TSX-V: SLG), announce the settlement of the previously announced USD 225 million senior secured bond issue (the "Bond") issued by its UK subsidiary Sterling Resources (UK) Ltd.
EMAS AMC, the subsea services division of EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and the operating brand of Ezra Holdings Limited, announced today that it has been awarded a subsea engineering, procurement and offshore construction contract from Statoil for the Smørbukk South Extension's project. The contract is valued at approximately US$75 million.
Statoil Petroleum ASA has received consent to use the Scarabeo 5 mobile drilling facility for drilling and completion in connection with production drilling on Visund Sør. The consent relates to drilling and completion of wells 34/8-V-1 H and 34/8-V-2 which are part of production licence 120.
Fastnet Oil & Gas Plc (AIM: FAST, ESM: FOI) the E&P company focused on near term exploration acreage in Africa and the Celtic Sea is pleased to announce that it has been notified by the Irish Department of Communications, Energy and Natural Resources (the "Department") that it has been awarded licensing option 13/3 over part blocks 56/6, 56/7, 56/8, 56/9, 56/11, 56/12, 56/13 and 56/14 in the Mizzen Basin ("East Mizzen") and the western end of the North Celtic Sea Basin, offshore Ireland ("East Mizzen Licensing Option"). The newly named East Mizzen Licensing Option is valid from 1 May 2013 until 30 September 2014.
Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") region of the North Sea, announces that the resolutions proposed at the Annual General Meeting ("AGM") held earlier today, as set out in the notice dated 5 April 2013, were all duly approved by shareholders. Mark Groves Gidney, CEO of Trapoil, highlighted, inter alia, the following points in his AGM presentation: Trapoil's strategy is to deliver shareholder value from its exploration and appraisal activities supported by a sound financial base and strong cash flow generation from existing production.
Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf region of the North Sea, is pleased to provide the following update. New Strategic Consortium Partners TAQA Bratani UK Limited ("TAQA Bratani"), a subsidiary of Abu Dhabi National Energy Company PJSC ("TAQA"), and CIECO Exploration and Production UK Limited ("CIECO"), a wholly owned subsidiary of ITOCHU Corporation ("ITOCHU") (together, the "Parties"), have entered into an arrangement with Trapoil to consider future exploration and appraisal opportunities during the Department of Energy and Climate Change's ("DECC's") forthcoming UK 28th Seaward Licensing Round (the "28th Round") (the "New Partnership").
Atlantic Petroleum (OMX: FO-ATLA) announces that during the month of April, Atlantic Petroleum produced a net total of 63,000 barrels of oil equivalents (boe) from the Chestnut, Ettrick and Blackbird fields. The average daily production was 2,100 boe per day net to the Company.
Statoil's (OSE:STL, NYSE:STO) first quarter 2013 net operating income was NOK 38.0 billion.
Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to provide the following update. Surprise On 1 May 2013, Trapoil agreed to acquire an additional 85 per cent.
Ascent Resources plc, the AIM listed European oil and gas exploration and production company, announces that, pursuant to the Ascent Resources 2013 Long Term Incentive Plan, options over 95,647,937 ordinary shares of 0.1 pence each in the share capital of Ascent ("Ordinary Shares") have been granted, exercisable at 1 penny per Ordinary Share.
Apache Corporation (NYSE, Nasdaq: APA) today announced that its Tonto oil field in the United Kingdom sector of the North Sea commenced production on April 24, 2013. Tonto-1, the first producing well, came on stream at an initial rate of 10,346 barrels of oil per day.
Nordic Energy PLC, a company focussed on making investments in the North Sea oil and gas sector, is pleased to announce that NikOil Limited ('NikOil'), a private company jointly owned by the Directors of Nordic, has been awarded by the Danish Government the 3,600 sq km offshore exploration and production licence 01-13 ('the Licence') located in a working hydrocarbon system off the west coast of Denmark in the Danish North Sea. Pursuant to a Letter of Intent ('LOI') signed by the Company and Nikoil and announced on 25 February 2013, Nordic will acquire the Licence from Nikoil, subject to the consent of the Danish Government.
Coastal (TSX: CEN) (AIM: CEO) is pleased to announce the appointment of Forrest Wylie as a Non-Executive Director of the Company, with effect from today. Mr.
Aker Solutions has decided to disclose preliminary information on its performance in the first three months of 2013 as the results considerably lag current consensus market estimates. Aker Solutions expects to report revenue of NOK 11.
Drilling of an appraisal well on the Norvarg discovery in PL 535 in the Barents Sea began. The site lies in 377 metres of water about 275 kilometres north of the Hammerfest LNG plant on Melkøya.
Rocksource ASA announces that the drilling rig 'Borgland Dolphin' has completed drilling of the main reservoir and the secondary target at the high risk Storbarden prospect in PL 506S in the North Sea. The well has not encountered hydrocarbons.
ViaLogy (AIM: VIY) announces that it has signed a Business and Technical Collaboration Agreement with CGG (NYSE: CGG) (Euronext: CGG: PA) of France, one of the world's largest geosciences companies. It provides ViaLogy with global sales and services locations, access to CGG customers, assistance in scaling ViaLogy's QuantumRD technology to large geographical areas, and specialized high tech data processing to prepare seismic datasets for QuantumRD.
Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) announces that the Storbarden exploration well on PL 506S in Norway has not encountered hydrocarbons and the well is to be plugged and abandoned.
San Leon Energy is pleased to announce that it has been awarded two new exploration licences in Spain. The two new licences, Aquiles and Cronos ("Licences"), have been granted to Frontera Energy, San Leon's wholly owned subsidiary, by the Spanish Council of Ministers.
Egdon Resources plc (AIM:EDR), the UK-based exploration and production company primarily focused on the hydrocarbon-producing basins of onshore UK and France, today announces its unaudited interim results for the six months ended 31 January 2013. Overview and Highlights Operational and Corporate Highlights Production of 37,698 barrels of oil equivalent (H1 2012: 29,624 barrels of oil equivalent) Net production of 205 barrels of oil equivalent per day ("boepd") for period (H1 2012: 161 boepd) Significant prospective shale gas resources identified in PEDL139/140 Farm-outs concluded for the Mairy Permit in January, and PEDL201, PEDL253 and PEDL241 during February and March 2013 2D seismic programme acquired in PEDL181 during March/April 2013 Sale of 12.
Mojix® Inc., the leading provider of wide-area passive RFID solutions, announced that industry leader BP appointed Mojix to deliver track-and-trace technology for the Clair Ridge oil platform construction that will operate in the North Sea off the coast of Scotland.
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and production company with a combination of producing, appraisal and exploration assets in Europe, announces its interim results for the six month period ended 31 January 2013. Highlights Over 2 billion barrels of oil (total mean un-risked indicative resources) identified in Irish Atlantic Margin (‘IAM’) Licensing Options 4 new leads identified in North East Lincolnshire (PEDL181) Commenced review of unconventional resource potential in North East Lincolnshire (PEDL181) 177 boepd recovered from UK onshore producing fields – expecting to achieve full year target of 180 boepdFinancial performance Revenues of £2.
PRD Energy Inc. (TSX VENTURE:PRD) announce that it has been awarded the Schwarzenbek Exploration License covering approximately 175,000 acres.
The Board of Thalassa is pleased to confirm that, further to the Company's announcement on 27 February 2013, the final contract between its WGP subsidiary and Statoil ASA has been executed. The contract relates to the provision by WGP of long term seismic acquisition services for permanent reservoir monitoring of the Snorre and Grane oil fields in the Norwegian sector of the North Sea for up to approximately US$65 million, and the supply of a bespoke dual portable modular source system ("D-PMSS") for approximately US$19.
TAQA announced that the development plan for its Cladhan field (Blocks 210/29a and 210/30a of the northern North Sea) has been approved by the UK government. The initial phase of development will consist of two producer wells and one injection well.
Hurricane Energy plc announce that it has taken assignment of a rig contract between Transocean and ATP for the provision of the GSF Arctic III semi-submersible drilling rig, for a one well slot, to be utilised in drilling and testing the Company's Lancaster basement oil discovery. Drilling is expected to commence in the summer of 2013.
ExxonMobil Exploration and Production Ireland (Offshore) Limited, an affiliate of Exxon Mobil Corporation, together with co-venturers has started exploration drilling on the Dunquin 44/23-1 deepwater exploration well off the southwest coast of Ireland. Well 44/23-1 is located in the Frontier Exploration Licence 3/04, 150 kilometers offshore in water depth of 1,600 meters.
W Resources Plc (AIM:WRES), the tungsten and gold exploration and development company with assets in Spain and Portugal, announces its audited financial results for the year ended 31 December 2012. Highlights Expansion of the Company's portfolio of assets with the acquisition of Australian Iron Ore Plc (AIO) and its 100% owned subsidiary Iberian Resources Portugal Recursos Minerais Unipessoal LDA (IRP) for a consideration of €1 million.
The well was drilled about 40 kilometres east of the Sleipner Øst field and 60 kilometres south of the Johan Sverdrup discovery in the central part of the North Sea. The objective of the well was to prove petroleum in Permian reservoir rocks (the Rotliegendes Group).
Seadrill Limited has acquired additional 100 shares of Asia Offshore Drilling Limited (the "Company", OSE: AOD). The shares were acquired at price NOK28.
Sound Oil, the Italian focused upstream oil and gas company, is pleased to update investors on its Badile project, located onshore in the Po Valley in Northern Italy. Badile is an exploration prospect some 45 km south-west from the geologically analogous Malossa gas field (with a cumulative production prior to 1992 of 177 Bscf with associated light condensate).
The Board of Directors of DONG Energy has approved the interim financial report for the first quarter of 2013 with the following financial highlights and outlook compared with the first quarter of 2012: First-quarter 2013 EBITDA was DKK 4.6 billion, up from DKK 3.
Providence Resources P.l.
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 16/2-21, cf. Section 8 of the Resource Management Regulations.
On 1 March 2013, the Boards of Directors of Ithaca Energy Inc. (TSX: IAE, LSE AIM: IAE) ("Ithaca") and Valiant Petroleum plc ("Valiant") announced that they had reached agreement on the terms of a recommended acquisition under which Ithaca Energy Holdings (UK) Limited, a wholly owned subsidiary of Ithaca, would acquire the entire issued and to be issued share capital of Valiant by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme").
Sound Oil, the Italian focused upstream oil and gas company, is pleased to announce that on 19th April UNMIG (the Italian Ministry of Economic Development) completed a successful commissioning inspection of the onshore Rapagnano gas field, with the endorsement of the local fire brigade. Gas production is expected to start before the end of the month.
Statoil (OSE:STL, NYSE:STO) and partner Petoro have proven considerable additional resources in the Shetland Group/Lista Formation in the Gullfaks licence. The Shetland Group and the Lista Formation are younger and slightly shallower deposits with different properties compared to the deposits of the Brent Group where the Gullfaks main reservoirs are located.
New World Oil and Gas Plc, an oil and gas exploration and development company focused on Belize and Denmark, is pleased to provide an update on its operations in Denmark where the Company has interests in two projects. The Danica Jutland Project is located in the highly prospective North Permian Basin in the Jutland on-shore area in South West Denmark and the Danica Resources Project is located in the productive Western Baltic region of the South Permian Basin in Southern Denmark.
Kosmos Energy Ltd. (NYSE: KOS) announced that it has entered into two farm-in agreements, whereby Kosmos is acquiring an interest in multiple blocks in the prospective Porcupine Basin, offshore the west coast of Ireland.
Antrim Energy Inc., a Canada-based international exploration and production company, today announced a farmout agreement for its Licensing Option 11/05 (Antrim 100%) in the Porcupine Basin offshore Ireland's west coast.
AMEC, the international engineering and project management company, has been awarded a two-year integrated services contract renewal by BP to provide operations, maintenance and project support to the Forties Pipeline System (FPS) in the North Sea. The contract is valued at between £10 million and £15 million per year, depending on activity levels and is scheduled to run through to December 2014.
Europa announce a farm-in agreement with a subsidiary of the independent oil and gas exploration and production company Kosmos Energy Ltd (NYSE:KOS) ('Kosmos') for its two Licencing Options LO 11/7 and LO 11/8 in the South Porcupine Basin offshore Ireland ('Licences'). Under the terms of the agreement, Kosmos will: acquire an 85% interest and be appointed as operator of both Licences fully fund the costs of a 3D seismic programme on each Licence pay 85% of costs incurred by Europa to dateContingent upon an election of the companies to enter into a subsequent exploration drilling phase on one or both of the blocks, Kosmos will also incur 100 percent of the costs of the first exploration well on each block.
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum AS a drilling permit for wellbore 7220/5-2, cf. Section 8 of the Resource Management Regulations.
Atlantic Petroleum (OMX: FO-ATLA) announces that the Department of Energy and Climate Change ("DECC") has advised the Orlando joint venture partners that it has approved the Orlando Field Development Plan ("FDP") submitted by the partners. The Orlando Field is owned by Iona (Operator 75%) and Atlantic Petroleum subsidiary, Volantis Exploration (25%).
Iona Energy Inc. (TSX VENTURE:INA) announce that the Department of Energy and Climate Change ("DECC") has advised the Orlando joint venture partners that it has approved the Orlando Field Development Plan ("FDP") submitted by the partners.
CGG and Louis Dreyfus Armateurs Group (LDA) announced the creation of a ship management joint venture, GeofieLD Ship Management Services. Co-owned 50 % by CGG and 50 % by Louis Dreyfus Armateurs Group, the new joint venture will provide maritime ship management services for five of CGG's high-capacity 3D seismic vessels.
Production from the Huntington oil and gas field in the North Sea has successfully started and highlights an important step for E.ON's upstream business.
The UK’s coalition government has recently had a change of heart and brought about renewed interest in the North Sea reserves. This comes in the form of the recently launched UK Oil and Gas Industrial Strategy which aims to encourage billions worth of investment and thousands of jobs.
Iona Energy Inc. (TSX VENTURE:INA) announce that the Company has been informed by the Operator that production of the Huntington Field commenced late on Friday April 12th, 2013.
North Star Shipping, a division of the family-owned global shipping and energy services firm The Craig Group, has been awarded a major contract with BP with a value of £63million. The multi-service contract is for five years with a possible extension of five years and includes tanker assist, platform supply and emergency and response rescue vessels, all supporting BP's operations in the North Sea.
Premier is pleased to announce that oil production from the Huntington field in the UK Central North Sea commenced at 20:25 hours on Friday 12 April. After an initial ramp up period, the field is expected to produce 25-30 kboepd (gross).
Iofina, a specialist in the exploration and production of iodine and specialty chemical iodine derivatives, is announcing that Mr. Lance Baller, the Company's Chief Executive Officer, Secretary and President, is taking a leave of absence for health reasons.
Bridge, the Oslo Børs and AIM listed oil and gas exploration and production company (OSE: BRIDGE/AIM: BRDG.L), is pleased to announce that the drilling of exploration well 6406/6-3 has commenced.
San Leon announces that, on 11 April 2013, it received notice from the Secretariat of the International Court of Arbitration of the International Chamber of Commerce ('ICC') confirming the submission of a Request for Arbitration ('Request') submitted by Avobone N.V.