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Technip awarded major contract to supply high technological flexible pipes for Lula Alto pre-salt field

Technip was awarded a major(1) contract from Tupi BV, a consortium composed of Petrobras Netherland BV (PNBV, 65%), BG (25%) and Galp (10%), for the ongoing development of the Lula Alto field, located in the Santos Basin pre-salt area, Brazil. This contract c ...

JSC KazMunaiGas exploration and production results

2014 Financial Results JSC KazMunaiGas Exploration Production ('KMG EP' or 'the Company') announces its consolidated financial statements for the year ended 31 December 2014. Revenue in 2014 was 846bn Tenge (US$4,722m), a 4% increase compared with 2013, mainl ...

Independent Resources plc trading update and appointment of joint broker

Update on Ksar Hadada Management continue to progress farm out discussions in relation to the Group's working interest in the Ksar Hadada licence onshore Tunisia. The opportunity is being marketed by Envoi and a number of third parties have expressed interest ...

Madagascar Oil operational and development planning update

Madagascar Oil is pleased to provide an update on the Group's operations and on its latest development planning activities. Highlights As at 28 February 2015, cumulative oil production from Block 3104 had reached 173,351 barrels from a cumulative steam inject ...

Rockhopper Exploration's drilling unit Eirik Raude has arrived in the North Falkland Basin

Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, and Falkland Oil and Gas Limited (AIM: FOGL), the oil and gas exploration company focused ...

Europa Oil & Gas free flows Oil & Gas at Wressle-1 Well

Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with a combination of producing and exploration assets in Europe, is pleased to note today's announcement from Egdon Resources ('Egdon') confirming gas production rates of up to 1.7 million cu ...

Monday, March 2, 2015

Subsea 7 awarded two-year extension to offshore UK contracts by Shell

Subsea 7 S.A. (Oslo Børs: SUBC: the Company) today announced it has been awarded a two-year extension to two Underwater Services Contracts (USCs) by Shell Upstream International Europe, worth approximately US$240 million. Under these Life of Field cont ...

Ophir Energy completes acquisition of Salamander Energy

Ophir Energy (LSE: OPHR) announces that the Scheme has now become effective and the entire issued ordinary share capital of Salamander is owned by Ophir. Scheme Shareholders on the register at the Scheme Record Time, being 6.00 p.m. on 27 February 2015 will r ...

The oil price collapse hits the MODU markets

We have now witnessed large cuts in E&P spending guiding for 2015, for both offshore developments and exploration activities. In floater demand, we have already seen the effects of these spending cuts - and we expect to see increasing effects for jack-ups. In ...

Pan Orient Energy fail to encounter hydrocarbons at L53-ANC1 exploration well

Pan Orient Energy Corp. (TSX VENTURE: POE) - The L53-ANC1 exploration well has been plugged and abandoned after failing to encounter commercial hydrocarbons. Oil shows and elevated mud gas readings were observed while drilling through three separate target sa ...

Oil price, Cairn, Afren, Petroceltic, VOG, Sundry-WoodMack-Salamander- And finally...

Oil price Friday saw further strength in the oil price on the last day of the month that was to prove one of the best in percentage terms for a long time. With WTI eventually putting in a 3% rise on the month and Brent an impressive 19.7% hike, things appear ...

Mosman Oil and Gas commences flow testing at Crossroads-1

The Directors of Mosman Oil and Gas Limited (AIM: MSMN), the New Zealand and Australia focused oil exploration and development company is pleased to update shareholders in respect of the recent operational activity at Cross Roads-1. The Company advises that t ...

Resource accounts for the Norwegian continental shelf as of 31 December 2014

The Norwegian Petroleum Directorate's resource accounts estimate the total recoverable petroleum resources to be 14.1 billion standard cubic meters (Sm3) of oil equivalents (o.e.). This represents a slight decline from 2013. 6.4 billion Sm3, or 45% of the tot ...

Statoil signs Johan Sverdrup installation contract with Allseas

Statoil has signed a contract with Allseas for installation of three platform topsides on the Johan Sverdrup field. The vessel will be installing the topsides for the drilling, processing and living quarter platforms. Allseas will transfer the topsides to Pio ...
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