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Shale gas ban a blow to Scotland

Shale gas ban a blow to Scotland

October 4, 2017 No Comments

The decision to ban shale extraction in Scotland has signalled the Scottish Government “turned its back on a potential manufacturing and jobs renaissance” according to INEOS Shale. The announcement comes at the end of a two-year process during which Scottish industry has been left in limbo. With an official ban on shale extraction, Scotland will […]

Aker Solutions Wins Troll FEED Contract With EPCI Option From Statoil

Aker Solutions Wins Troll FEED Contract With EPCI Option From Statoil

September 21, 2017 No Comments

Aker Solutions won a contract from Statoil for front end engineering and design of a module that will increase output at Troll, one of Norway’s largest natural gas fields. The order includes an option for engineering, procurement, construction and installation of the module, which will receive and process gas from the Troll West field before […]

Expro secures contract with Repsol Sinopec Resources UK

Expro secures contract with Repsol Sinopec Resources UK

September 6, 2017 No Comments

Expro, has secured a five-year master services agreement with Repsol Sinopec Resources UK Limited, for well services across its UK North Sea assets. The contract is valued at $8million/£5million for the first calendar year, which will be reviewed on an annual basis – including options to extend beyond the initial term. Expro’s award includes well […]

Canadian Natural Announces Pelican Lake and Other Asset Acquisition

Canadian Natural Announces Pelican Lake and Other Asset Acquisition

September 5, 2017 No Comments

Canadian Natural Resources Limited (TSX:CNQ)(NYSE:CNQ) (“Canadian Natural” or the “Company”) announces that is has entered into an agreement to acquire assets in the Greater Pelican Lake region and other miscellaneous assets in northern Alberta with production of approximately 19,600 BOE/d, for gross cash consideration of $975 million. The transaction is targeted to close on or […]

Total Divests Completely from Gina Krog Field in Norway

Total Divests Completely from Gina Krog Field in Norway

September 4, 2017 No Comments

Total has signed an agreement to divest its remaining 15% interest in the Gina Krog field in Norway to Kuwait Foreign Petroleum Exploration Company (KUFPEC). This agreement builds on the 2016 transaction between Total and KUFPEC concerning Norwegian North Sea assets, which included a 15% interest in Gina Krog. The overall consideration for both deals […]

Hibiscus Petroleum Reports FY2017

Hibiscus Petroleum Reports FY2017

August 31, 2017 No Comments

Hibiscus Petroleum Bhd (HIBISCS; MYX: 5199) announced results for the Fourth Quarter ended 30 June 2017 (4Q17). The Group reported net profit after tax of RM106.1M for the Full Year ended 30 June 2017 (FY2017), a positive swing of RM166.1M after a loss of RM60.0M in FY2016, driven by improved revenues and efficiencies from the […]

UK committed to maximising economic opportunity in North Sea

UK committed to maximising economic opportunity in North Sea

August 31, 2017 No Comments

New Energy Minister Richard Harrington has told oil and gas leaders they have the ‘full support’ of the UK government in maximising the economic opportunity in the North Sea during his first visit to the region in his new ministerial post. The UK Energy Minister met and addressed oil and gas industry leaders at the […]

Total starts-up production of the Edradour & Glenlivet fields

Total starts-up production of the Edradour & Glenlivet fields

August 30, 2017 No Comments

Total has started-up production from the Edradour & Glenlivet gas and condensate fields, located in about 300 to 435 metres of water in the West of Shetland area, close to the Laggan-Tormore fields which came on stream in February 2016. The Edradour and Glenlivet development will bring additional production capacity of up to 56,000 barrels […]

Cairn Energy Half-Year Report Announcement

Cairn Energy Half-Year Report Announcement

August 23, 2017 No Comments

Finance US$254 million (m) Group cash at 30 June 2017 Norwegian tax receivable of US$29m in H2 2017 Reserves Based Lending (RBL) bank facility remains undrawn with expected peak availability of US$350-400m and US$210m at year end 2017 FlowStream US$75m cash proceeds received in H1 2017 Remaining 2017 capex for Catcher and Kraken development projects […]

Maersk secures contracts for three rigs

Maersk secures contracts for three rigs

August 18, 2017 No Comments

Maersk Drilling has been awarded a contract by Shell for the deepwater semi-submersible rig Maersk Developer. The contract covers the drilling and completion of three wells, and the suspension of one well, all located in block E of the East Coast Marine Area (ECMA) offshore Trinidad. Commencing in January 2018, the firm contract duration is […]

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