Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the commencement of the second Pil/Bue follow-up well with the spudding of exploration well 6406/12-5 S (Faroe 25%) on the Blink prospect.
Today’s mid-year trade report from the U.S. Commerce Department shows that the oil and natural gas industry continues to drive U.S. economic gains in 2015, a trend that could accelerate under free trade policies, said API Chief Economist John Felmy.
An investigation is under way into the cause of a fire and subsequent explosions that occurred on July 14 at LyondellBasell’s Berre petrochemical complex on the edge of Berre l’Etang in southern France, about 30 km from Marseille.
Representatives of the UK offshore oil and gas industry discussed the sector’s future yesterday with Damian Hinds, Britain’s Exchequer Secretary to the Treasury.
GC Rieber Shipping has taken delivery of the newbuild seismic vessel, Polar Empress, from Myklebust Verft.
BP PLC reported that its underlying replacement cost profit for the first quarter was $2.6 billion, down from $3.2 billion for first-quarter 2014 but up from $2.2 billion for fourth-quarter 2014.
The company plans to expand its facilities by producing HA gas turbines at the GE Manufacturing Technology Center in Dammam, with further expansion of its Oil & Gas facility in the same city to include manufacture of wellheads, christmas trees and other pressure control technologies, plus repairs of semisubmersible pumps.
Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the Plan of Development (PoD) to the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in Rio de Janeiro on 30 January.
GE and Statoil have now announced a new collaboration to accelerate the development of more environmentally and economically sustainable energy solutions to help fuel the future.
Nordic Maritime Pte. Ltd. (“Nordic Maritime”), a leading offshore service operator, has been awarded the contract to provide 2D seismic survey work in Indonesia by MultiClient Geophysical (Pte) Ltd. (“MCG”).
Rosneft has started to ship crude oil extracted at the northern tip of the Chayvo license offshore Sakhalin Island. The first tanker carrying Sokol-grade crude left port on Nov. 21.
Lundin Petroleum AB has spudded the Gobi-1 wildcat oil exploration well to test the hydrocarbon potential of Oligocene and Early Miocene stacked fluvial reservoirs in a 3-way fault dependent structure in the Jemaja basin.
AWE Limited (ASX: AWE), as Operator of Permits L1/L2 in the Perth Basin, Western Australia, advises that as at 06:00 hours (6.00am) AWST today, the Senecio-3 appraisal well was at Total Depth (TD) of 3,370m and data collection from the primary target and underlying formations has been completed. Operations are now preparing to run 5 1/2 inch casing prior to suspending the well.
The African Leaders Visit: Energy concluded this afternoon following two days of meetings and site visits in Houston, TX that strengthened U.S.-Africa energy cooperation. Energy leaders from Tanzania and Kenya discussed their plans to develop significant recent natural gas discoveries in Africa with representatives from U.S. companies of all sizes, as well as with U.S. federal, state and local experts.
African Petroleum Corporation is pleased to announce that its wholly owned subsidiary African Petroleum Sierra Leone Limited has signed a contract to acquire more than 1,000 sq km of 3D seismic data on Block SL-4A-10, offshore Sierra Leone in addition to the existing 3D coverage. The seismic acquis ition over Block SL-4A-10 is expected to commence in Q3 2014.
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Marubeni Corporation for the engineering and material supply of a new Terrace Wall steam reformer heater, including an air preheating system, for the KazMunayGaz oil refinery located at Atyrau, Republic of Kazakhstan.
On Wednesday, 28 May 2014, Statoil and PTT Exploration and Production completed the agreement to divide their respective interests in the Kai Kos Dehseh (KKD) oil sands project in northeast Alberta, Canada.
TransAtlantic Petroleum Ltd. (TSX:TNP) (NYSE-MKT:TAT) today provided an update on its current net sales, announced an extension on its Selmo field production lease and provided details to access its 2014 annual meeting webcast, which will be broadcast live at 10 a.m. Central today.
FormCap Corp. announced today that a drilling contract has been executed between Val Energy Inc., Wichita, Kansas and Formcap's operator; Tiger Oil & Gas LLC, Wichita, Kansas to commence drilling on the 2400 acres of prospective oil and gas leases in Cowley County, Kansas.