TGS-NOPEC starts on Greenland "atlas" Jul 5, 2007Anglo-Norwegian survey outfit, TGS-NOPEC, has heeded industry calls and taken pre-payment for a campaign of exploratory surveys off arctic Greenland, a burgeoning oil province set to benefit its Danish administrators.
Northern provides operations update Jul 5, 2007Northern provides the following update on the activities associated with the re-entry drilling of the Ottoland discovery well:
Revus debuts in U.K. North Sea Jul 3, 2007Norwegian independent and market favourite Revus Energy has farmed into two northern North Sea blocks to mark its debut in the U.K. sector, it was learned Tuesday.
Bowleven finds oil-gas cache in Cameroon Jul 3, 2007Edinburgh-, Scotland based Africa explorer Bowleven has made a “significant” oil and gas discovery in shallow water offshore Cameroon, it was understood Tuesday.
Brazil strike no stopper, as oil industry surges Jul 3, 2007Brazil's Petrobras workers appear to have agreed a five-day strike just as the government announced a report suggesting worldwide oil companies will help investments in the oil province reach $133 billion by 2016, it was learned Tuesday.
Sibir Energy announces production record Jul 3, 2007Sibir today announces that the crude oil production rate at its Salym fields now exceeds 80,000 barrels per day (bopd), a new record for the company. The Salym fields are located in western Siberia and are operated by Salym Petroleum Development NV (SPD, Sibir’s 50:50 joint venture with Shell).
Salamander to “share wealth” with PetroVietnam Jul 2, 2007U.K. independent Salamander Energy has signed a production-sharing agreement with PetroVietnam ahead of exploration in the Cuu Long River, it was understood Monday.
CGGVeritas orders twin $420M, “X-Bow” boats Jul 2, 2007Paris-based seismic outfit CGGVeritas has ordered two seismic vessels from Norwegian shipbuilder Eidesvik Offshore for a combined $420 million, with deliveries timed for 2010, when most of today's newbuild semi-submersibles begin exploring the seas.
Songa finds Libyan work for Nippon consortium Jun 28, 2007A consortium of oil companies lead by Nippon Oil Exploration Ltd. has hired the Songa Saturn drill ship for work offshore Libya, in a $91 million work order for the rig contractor.
Circle cites N. African promise, as loss widens Jun 28, 2007Ireland-based North Africa explorer Circle Oil has posted a near 60-percent greater loss for 2006 than the year before, a $2.78 million deficit incurred for the gain of “lower risk” exploration acreage.
JKX provides Ukrainian drilling update Jun 28, 2007JKX Oil & Gas plc has completed and tested Well I127 as part of its ongoing drilling programme at Poltava, Ukraine. The well is currently tied back to the Company’s production facility via an existing flowline.
Victoria Petroleum to test West Florence-1 Jun 26, 2007Victoria Petroleum N.L. advises that testing of the West Florence-1 well is planned for the third week of July 2007 to evaluate the oil and gas shows observed while drilling the primary target, the Muddy J sand and two zones in the underlying Main Dakota Formation.
ENI notches “no-show” in Norwegian Sea Jun 25, 2007Italian oil company ENI has a dry well in the tough geology of the Norwegian Sea, where the promising Voering basin south of the Barents Sea keeps its sandstone secrets.
Northern gets all-clear for Adriatic expansion Jun 25, 2007U.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, 2007Oslo-listed Saga Oil has raised NOK180 million ($30 million) listing to private and institutional investors, it was announced Monday.