Northern gets all-clear for Adriatic expansion Jun 25, 2007
U.K.-based Adriatic Sea explorer Northern Petroleum has been granted the green light by Italian authorities to begin improving the prospects of three offshore oil discoveries — Giove, Medusa and Rovesti.

Saga raises $30M in drive for Urals oil Jun 25, 2007
Oslo-listed Saga Oil has raised NOK180 million ($30 million) listing to private and institutional investors, it was announced Monday.

Revus reels in reserves at Murchison Jun 25, 2007
Revus Energy has agreed to buy from Statoil a stake in the Murchison field and the Delta discovery via new stakeholdings, it was understood Monday.

Gazprom to pay up to $900M for Kovytka Jun 22, 2007
BP’s Russian business TNK-BP has agreed to sell to Russian gas giant Gazprom its 62.89 percent stake in Rusia Petroleum, the company holding the license for the Kovytka gas field in East Siberia.

Exxoil, Circle round up Tunisian driller Jun 21, 2007
U.K. independent oil company Circle Oil and Tunisian explorer EXXOIL have hired Oil Field Services Co. to drill two onshore wells in the southern African country.

TNK-BP declares $1B-a-year exploration drive Jun 21, 2007
TNK-BP will invest $1 billion every year for five years as the joint venture takes the lever of production for 2008, it was understood Thursday.

DONG’s Siri to live long on new Ninni oil Jun 21, 2007
Danish oil company DONG and partners announced on Thursday the finding of more tightly packed oil and gas at the Ninni East field than was reckoned to be in place.

J. Ray, Fluor to prop up Poinsettia platform Jun 20, 2007
A consortium of oilfield infrastructure builders J. Ray McDermott and Fluor has been awarded a contract to engineer, build, install and procure for BG’s offshore Poinsettia project in Trinidad & Tobago.

Davie to build half-dozen hotel ships Jun 20, 2007
Up to six offshore “hotel ships” will be built at the Norwegian-owned Davie Yards in Quebec City, Canada by new entity Ocean Hotels, supported by market money in Oslo.

Oilexco on road to development at Huntington Jun 20, 2007
Calgary-based North Sea developer Oilexco has tested the Huntington light-oil discovery and attained flows of 5,577 barrels per day of oil and 3.4 million standard cubic feet per day of gas, or more than thought.

PGS to buy electro-magnetic MTEM for $275M Jun 20, 2007
Norwegian survey outfit Petroleum Geo-Services will buy electromagnetic services outfit MTEM for $275 million, it was announced Tuesday.

Tullow taps into “high impact” Ghana Jun 20, 2007
Drilling, logs and fluid tests tell Tullow Oil that a “high impact” light-oil discovery has been made at the Mahogany-1 exploration well in the West Cape Three Points licence offshore the Republic of Ghana.

DNO turns Yemen well into producer Jun 20, 2007
Norwegian independent DNO has drilled the Godah 6 well in Yemen to its total depth and has kitted it out to produce and the well has flowed to 2,500 metres per day.

Statoil re-hires “light” well team for $100M Jun 20, 2007
Statoil has granted a NOK600 million ($100 million) contract extension for light-well intervention, or LWI, to Island Offshore Management and partners FMC Technologies and Aker Kvaerner Well Services.

Bourbon Dolphin “might have made it” if given slack Jun 20, 2007
More slack from rig operators on a mooring wire might have given the Bourbon Dolphin anchor-handling vessel a chance to escape its North Sea rollover and sinking, a court in Aalesund, western Norway heard on Monday.