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Tethys Petroleum Limited to Cancel Listing in the United Kingdom
United Kingdom >> 3/17/2024 - Tethys Petroleum Limited (“Tethys” or the “Company”) today announces that it has applied to the United Kingdom Listing Authority (“UKLA”) to cancel the standard listing of the Company’s ordinary share...
Dunquin Licence (FEL 3/04) Extends to 2025
Ireland >> 5/22/2017 - Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides an update on Frontier Exploration Licence (FEL) 3/04, which lies in c. 1,500 m water depth in the southern Porcup...
ExxonMobil & Total Discuss Drilling Opportunities Offshore Greece
Greece >> 5/21/2017 - Greece's energy minister held talks on Friday with representatives of U.S. oil major ExxonMobil and France's Total about gas exploration opportunities off Greek shores, the energy ministry said. ...
C2Wind & Vattenfall Sign Framework Agreement
Sweden >> 5/21/2017 - C2Wind and Vattenfall have established a long-term partnership through a two years framework agreement covering design inputs for Vattenfall’s Offshore Wind projects. C2Wind's team of specialists and ...
NPD Awards Framework Agreements to Eleven Suppliers
Norway >> 5/19/2017 - To ensure sufficient capacity to be an even better champion for developing new fields and improving recovery from producing fields, the NPD has awarded framework agreements to eleven supplier firms re...
Norway Sees Decrease in April Oil and Gas Production
Norway >> 5/19/2017 - Preliminary production figures for April 2017 show an average daily production of 2 111 000 barrels of oil, NGL and condensate, which is an decrease of 38 000 barrels per day (approx. 2 percent) compa...
Velan Receives Contracts Worth US$55 million
United Kingdom >> 5/19/2017 - Velan receives contracts worth US$55 million to supply safety related valves for 3rd generation nuclear reactors at Hinkley Point C in the U.K. ...
UKOG Placing Triggers Important Next Phase of Weald Basin Activities
United Kingdom >> 5/19/2017 - UK Oil & Gas Investments PLC (UKOG) has raised gross proceeds of £6.5 million through the placing of 12,500,000 new ordinary shares in the Company (New Shares) at 0.8 pence per New Share largely with ...
Issuing EA Mining Waste Permit Variation for Wressle Development
United Kingdom >> 5/19/2017 - Egdon Resources plc is pleased to announce the issue by the Environment Agency of the variation to the Mining Waste Permit for the planned Wressle field development and associated operations. The issu...
BOEM Publishes Final Notice of Sale for June Cook Inlet Lease Sale
United Kingdom >> 5/18/2017 - The Bureau of Ocean Energy Management (BOEM) will offer approximately 1.09 million acres off Alaska’s southcentral coast in a lease sale scheduled for June 21. Cook Inlet Oil & Gas Lease Sale 244 will...
EU plus Norway Stock Movements - May 2017
EU plus Norway Stock Movements - May 2017 Norway >> 5/17/2017 - Preliminary data for March shows that total European stocks rose slightly by 0.6 mb following a build of 20.0 mb in February. At 1,159.2 mb, European stocks were 5.1 mb, or 0.4%, lower than the same t...
Semco Maritime Wins Order for Culzean Hook-Up
United Kingdom >> 5/17/2017 - Semco Maritime to participate in the preparation (hook-up) of Maersk Oil UK’s new gas field in the UK sector of the North Sea when the production units arrive from Singapore in the summer of 2018. The...
BASF Selects Jacobs to Support Site Engineering in Germany
Germany >> 5/16/2017 - Jacobs Engineering Group Inc. (JEC), as one of BASF’s Global Engineering Partners for Large Capital Projects, provides engineering, procurement and construction management services for BASF sites worl...
Faroe Petroleum Receives Consent to Drill Two Brasse Appraisal Wells
Norway >> 5/16/2017 - Faroe Petroleum has received consent to drill two exploration wells in the North Sea. Faroe Petroleum Norge AS (Faroe) is the operator for production licence 740. The licence covers blocks 31/7 and 30...
Valeura Commenced Deep Exploration Drilling Under the Banarli Farm-in Agreement with Statoil
Turkey >> 5/16/2017 - Valeura Energy Inc. (VLE) is pleased to announce that the first deep exploration well, Yamalik-1, under the Banarli farm-in agreement with its partner Statoil, commenced drilling on May 13, 2017. It i...
Sterling Resources Closes the Sale of Sterling Resources (UK)
United Kingdom >> 5/16/2017 - Sterling Resources Ltd. (Sterling) has successfully closed the previously announced sale of the entire issued share capital of Sterling Resources (UK) Ltd. (SRUK) pursuant to the share purchase agreem...
Wood Group Awarded Shell Brent Decommissioning Contract
United Kingdom >> 5/16/2017 - Wood Group has been awarded a contract to support Shell in the decommissioning of their Brent Bravo platform in the North Sea. Effective immediately, Wood Group will prepare the platform for removal v...
Refinery Margins - May 2017
Refinery Margins - May 2017 Austria >> 5/15/2017 - The US market saw strong support from the rally in gasoline crack spreads. This was on the back of increasing domestic gasoline demand, which recovered following a slump during 1Q17. Another supporti...
Digital Transformation of the Oil and Gas Sector
Netherlands/Holland >> 5/15/2017 - The oil and gas industry has always been seen as conservative and resistant to change but, due to the recent drop in the oil prices, both upstream and downstream companies are now looking at innovativ...
Aker BP Receives Consent to Use Maersk Invincible for Plugging Wells
Norway >> 5/15/2017 - Aker BP has received consent to use Maersk Invincible for plugging wells at Valhall. The consent applies to the use of Maersk Invincible for permanent plugging of wells drilled from the DP. ...
Major Applied Geoscience Research Funding Boost
United Kingdom >> 5/15/2017 - A major funding package for the Institute of Petroleum Engineering (IPE) will directly support research and training for the future of the industry in UK offshore waters. ...
Atlantic Petroleum Completes Sale of Orlando Field Interest
United Kingdom >> 5/15/2017 - Atlantic Petroleum announces that further to Announcement no. 4 issued 14th March 2017, it has completed the Sale and Purchase Agreement with Decipher Energy for its 25% interest in the Orlando develo...
Saffron Energy Begins Commercial Production at Bezzecca Well
Italy >> 5/12/2017 - Saffron Energy plc, the natural gas producer with interests in northern Italy, is pleased to announce that testing of the primary production layers from the Bezzecca well is complete and production pl...
Repsol Norge Drills Dry Well West of Aasta Hansteen Field
Norway >> 5/12/2017 - Repsol Norge AS, operator of production licence 705, has completed the drilling of wildcat well 6705/7-1. The well was drilled about 80 kilometres northwest of the Aasta Hansteen field in the northern...
Romania to Start Gas Production at New Caragele Field in 2019
Romania >> 5/12/2017 - Romanian state-owned gas producer Romgaz will start production in 2019 at a newly discovered gas field, its biggest find in three decades, the government said. The 35 km-long Caragele field, in the ce...
Feature Article - May 2017
Austria >> 5/11/2017 - Non-OPEC oil supply development
Low oil prices in 2016 led to a reduction of around 23% in global E&P investments compared to the previous year, together with the deferral of several upst...
Crude Oil Price Movements - May 2017
Austria >> 5/11/2017 - The OPEC Reference Basket (ORB) rebounded more than 2% in April to a monthly average of $51.34/b. Most of the uplift occurred earlier in the month on increasing expectations that voluntary OPEC and ...
Commodity Markets - May 2017
Austria >> 5/11/2017 - In April, energy commodity prices generally increased, led by higher oil prices, on the expected extension of OPEC and non-OPEC cooperation, while coal prices advanced due to supply disruptions cause...
World Economy - May 2017
Austria >> 5/11/2017 - The uptick in global economic activity seems to be continuing with ongoing strong growth in the Euro-zone, solid output numbers in China and improvements in commodity exporting economies, also due to ...
World Oil Demand - May 2017
Austria >> 5/11/2017 - World oil demand for 2016 was revised up by around 65 tb/d to reflect the most recent data with the most notable change being in OECD Europe. Total world oil demand growth for 2016 stood at 1.44 mb/d,...
World Oil Supply - May 2017
Austria >> 5/11/2017 - Preliminary data indicates that world oil supply fell by 0.41 mb/d in April to average 95.81 mb/d. However, global oil production was 831 tb/d higher than a year ago and increased by 363 tb/d y-o-y in...
Product Markets and Refinery Operations - May 2017
Austria >> 5/11/2017 - Product markets in the Atlantic Basin strengthened during April. This was supported by firmer domestic demand, amid higher export opportunities, which along with lower inflows due to heavy refinery ...
Tanker Market - May 2017
Austria >> 5/11/2017 - In April, tanker market sentiment weakened in both its dirty and clean sectors. Average spot freight rates dropped on most reported routes. Dirty tanker freight rates were down 4% from the month befo...
Oil Trade - May 2017
Austria >> 5/11/2017 - In April, preliminary data shows that US crude oil imports went up to average 8.2 mb/d, an increase of 250 tb/d from last month and 579 tb/d from last year. On a year-to-date (y-t-d) basis, US crude ...
Stock Movements - May 2017
Austria >> 5/11/2017 - OECD commercial oil stocks fell in March to stand at 3,013 mb, which is around 276 mb above the latest five-year average. Crude and products indicated a surplus of around 187 mb and 89 mb above the s...
Balance of Supply and Demand - May 2017
Austria >> 5/11/2017 - Demand for OPEC crude in 2016 stood at 31.8 mb/d, which is 2.0 mb/d higher than the 2015 level. In 2017, the demand for OPEC crude is projected at 31.9 mb/d, around 0.2 mb/d higher than last year. <...
Oil Prices, US Dollar and Inflation - April 2017
Oil Prices, US Dollar and Inflation - April 2017 Austria >> 5/11/2017 - The US dollar was mixed in March against both major and emerging market currencies. On average, it declined slightly by 0.1% against the Japanese yen, but losses accelerated toward the end of the mont...
Oil Market Highlights - May 2017
Austria >> 5/11/2017 - Crude Oil Price Movements
The OPEC Reference Basket rose 2.0% in April to average $51.34/b. Crude oil futures recovered on the high conformity by OPEC and non-OPEC with voluntary producti...
ENGIE to Sell its 70% Interest in EPI for €4.7 Billion
France >> 5/11/2017 - ENGIE reached a major milestone in its transformation plan today as it has received a firm and binding offer from Neptune Energy for the sale of its 70% interest in Exploration & Production Internatio...
Proserv Secures Significant Decommissioning Project Awards
Norway >> 5/11/2017 - Energy services company Proserv has recently been awarded three contracts worth a combined value of more than $2.5million (approx. 21.5m Norwegian Krone) for decommissioning work in the Norwegian Nort...
EMGS Reports USD 3.5 Million in Late Sales in Norway
Norway >> 5/11/2017 - Electromagnetic Geoservices ASA (EMGS) has entered into various agreements with oil companies involving data licensing (late sales) related to 3D CSEM data from the library in the Norwegian Sea and Ba...
Lundin Petroleum Spuds Alta Appraisal Well on Loppa High
Norway >> 5/11/2017 - Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling of appraisal well 7220/11-4 (Alta-4) on the Alta ...
Alba Mineral Completes Acquisition of 5% Interest in Brockham Licence
United Kingdom >> 5/11/2017 - Alba Mineral Resources plc is pleased to announce that, pursuant to the terms of the Farm-Out Agreement between Alba and Angus Energy Weald Basin No 3 Limited (Angus), and following receipt of the con...
Angus Energy Submits Brockham Field FDP Addendum
United Kingdom >> 5/11/2017 - Angus Energy is pleased to announce that following consultation with the UK’s Oil & Gas Authority (OGA) it has submitted the required Field Development Plan (FDP) Addendum to commence production from ...
Neptune Agrees to Buy Engie Oil and Gas Unit
United Kingdom >> 5/11/2017 - Neptune Oil & Gas has agreed to acquire a majority stake in French utility Engie's exploration and production business for $3.9 billion, the latest private equity-backed firm to enter the internationa...
Investment Flows into Commodities - April 2017
Investment Flows into Commodities - April 2017 Austria >> 5/10/2017 - Open interest (OI) increased in February for selected US commodity markets such as crude oil, natural gas, precious metals and livestock, while it declined for agriculture and copper. Meanwhile, in mo...
Wartsila Introduces New Hybrid & Energy Storage Solutions
Finland >> 5/10/2017 - The technology group Wartsila announced new hybrid power plants, engines + storage and energy storage solutions to power markets globally. These new and innovative solutions provide Wartsila’s existin...
Faroe Petroleum Receives Brasse Appraisal Well Consent
Norway >> 5/10/2017 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, is pleased to announce that all ...
Parkmead Acquisition Doubles its Stake in Key North Sea Gas Area
United Kingdom >> 5/10/2017 - Parkmead, the UK and Netherlands focused independent oil and gas group, has signed a Sale and Purchase Agreement with Verus Petroleum (SNS) Limited to acquire a 50% interest in UK North Sea Licence P....
Smit Lamnalco Selects KVH Maritime Solution for Connectivity & Network Management Services
United Kingdom >> 5/10/2017 - KVH Industries, Inc., (KVHI), announced that major European maritime operator Smit Lamnalco finalized an agreement earlier this year to install KVH’s maritime solution on its offshore vessels. Followi...
LGO Energy Changes It’s Chairman & Company Name
United Kingdom >> 5/10/2017 - LGO, the oil and gas producer and explorer focussed on onshore Trinidad, announces that Neil Ritson is stepping down from his role of Chairman and Chief Executive Officer. The Company is pleased to an...
Senterra Energy to Acquire UOG Holdings
Ireland >> 5/9/2017 - The Directors of Senterra Energy are pleased to inform shareholders that the Company has signed heads of terms to acquire the entire issued share capital of UOG Holdings Plc (UOG), an independent oil ...
Elfab's flame arresters and breather valves offer superior performance and significant cost savings
United Kingdom >> 5/9/2017 - 

United Kingdom >> 5/9/2017 - First oil has begun to flow from the Shaw field, part of the major redevelopment of the Montrose Area in the Central North Sea operated by Repsol Sinopec Resources UK. ...
Balance of Supply and Demand in 2017 - April 2017 Austria >> 5/8/2017 - Demand for OPEC crude in 2017 was revised down by 0.1 mb/d from the previous month. This downward adjustment came mainly from an upward revision in non-OPEC supply, as world oil demand remained unchan...
Cyprus >> 5/8/2017 - SeaBird Exploration is pleased to announce that it has signed a letter of intent for an upcoming 2D seismic survey in South America. The project is estimated to commence first half of third quarter an...
Norway >> 5/8/2017 - Lundin has received consent to drill an exploration well in block 7220 in the Barents Sea. Lundin is the operator for production licence 609 in the Barents Sea. We have given the company consent to dr...
Norway >> 5/8/2017 - Statoil has received consent to use Songa Encourage for drilling and completing a production well on the Troll field. We have given Statoil consent to use the Songa Encourage mobile drilling facility ...
Sweden >> 5/8/2017 - SKF’s INSOCOAT bearings range - comprises bearings with an electrically insulating coating on the external surfaces of its inner or outer ring, plasma-sprayed with an aluminium oxide coating. The coat...
United Kingdom >> 5/8/2017 - Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is delighted to report the publication of an updated Competent Perso...
United Kingdom >> 5/8/2017 - The Oil and Gas Authority (OGA), in conjunction with the East of England Energy Group (EEEGR), will host its second hackathon event in Norwich to bring operators and the supply chain together to focus...
United Kingdom >> 5/5/2017 - Azinor Catalyst, the Seacrest Capital Group-backed E&P company focused on the United Kingdom Continental Shelf ('UKCS'), has awarded a rig contract to Diamond Offshore Drilling (UK) for the Ocean Guar...
Denmark >> 5/4/2017 - As announced on 29 March 2016, DONG Energy and Bayerngas terminated the contract for the engineering, procurement and construction (EPC) of the Hejre platform with the supplier consortium. Subsequentl...
Italy >> 5/4/2017 - Sound Energy, the African and European focused upstream gas company, is pleased to announce that the Badile exploration well, onshore Italy, has now been drilled to the fourth casing point and that th...
Norway >> 5/4/2017 - Statoil transferred the operatorship for the Polarled pipeline to Gassco on 1 May. The 482-kilometre pipeline between the Aasta Hansteen field in the Norwegian Sea and Nyhamna in More og Romsdal was d...
Norway >> 5/4/2017 - The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-2 S, cf. Section 8 of the Resource Management Regulations. Well 31/7-2 S will be drilled from t...
Norway >> 5/4/2017 - DNO ASA, the Norwegian oil and gas operator, announced the acquisition of Origo Exploration Holding AS (Origo), a privately-held oil and gas exploration company with a focus offshore Norway and the Un...
Norway >> 5/4/2017 - Statoil reports adjusted earnings of USD 3.3 billion and an IFRS net operating income of USD 4.3 billion in the first quarter of 2017. The IFRS net income was USD 1.1 billion. ...
Turkey >> 5/4/2017 - The technology group Wartsila will supply 73 MW capacity equipment for an extension to a power plant owned by Yesilyurt Enerji Elektrik Uretim A.S, an Independent Power Producer (IPP) in Turkey. The ...
United Kingdom >> 5/4/2017 - Angus Energy plc (the "Group") has notified Terrain Energy Ltd. (Terrain) that it is exercising the Group's option to acquire a further 10% interest in the Lidsey Oil Field (PL 241, "the License"). Th...
United Kingdom >> 5/4/2017 - Amec Foster Wheeler’s completions and commissioning company, qedi, has signed an extension of its global Master Service Agreement with BP, which it has successfully delivered since 2012. The new contr...
Germany >> 5/3/2017 - Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, has completed the sale of its Gestra AG business unit to Spirax-Sarco Engineering...
Norway >> 5/3/2017 - Tendeka has been awarded an extension of its sand control framework agreement with Lundin Norway. The contract, initially secured in 2013 for a four-year period has been extended for two years, with t...
Norway >> 5/3/2017 - Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the Gohta appraisal well 7120/1-5 located in PL492 in the southern Bare...
United Kingdom >> 5/3/2017 - Sparrows Group has been awarded a contract to fully refurbish two offshore cranes for Centrica in the East Irish Sea. The 27-year-old cranes are sited on the Morecambe field’s DP6 and DP8 platforms of...
United Kingdom >> 5/3/2017 - Egdon Resources plc announces the submission on 28 April 2017 of a new Planning Application (the Application) for the Wressle field development. The Application includes additional detailed informatio...
United Kingdom >> 5/3/2017 - UKOG announces that, in order to progress the acquisition of new site-specific hydrogeological data over and around the Markwells Wood drilling pad, the Company has temporarily withdrawn its planning ...
United Kingdom >> 5/3/2017 - Centrica is securing 350 jobs after announcing a £60million investment in its operations offshore in Morecambe Bay. The project to refurbish two 5,000-tonne platforms in the East Irish Sea, which is e...
Refinery Operations - April 2017 Austria >> 5/2/2017 - The refinery utilisation rate in the US averaged around 87% during March, corresponding to 15.9 mb/d. This represented an increase of around 300 tb/d above the previous month and was around 100 tb/d l...
Finland >> 5/2/2017 - Gasmet Technologies has published a free White Paper and a video on the simultaneous measurement of multiple gases in a wide variety of applications using FTIR. Both the video and the White Paper can ...
Norway >> 5/2/2017 - Today, Norwegian Minister of Petroleum and Energy, Terje Soviknes, and Wintershall’s Chief Executive Officer, Mario Mehren, visit the Deepsea Stavanger rig in the Norwegian Sea ahead of reservoir dril...
United Kingdom >> 5/2/2017 - The Steam Oil Production Company (Steam Oil) has entered into a cooperation agreement with FluidOil, the independent international heavy oil technology company, to explore the potential of integrating...
Denmark >> 5/1/2017 - Alfa Laval introduces a new stainless steel actuator designed specifically for the Alfa Laval Unique DV-ST diaphragm valves. More compact, robust and durable than its predecessors, this pneumatic actu...
Norway >> 5/1/2017 - Seadrill Limited (Seadrill), has reached an agreement with Shelf Drilling to sell the West Triton, West Resolute and West Mischief for a total consideration of $225 million subject to customary closin...
United Kingdom >> 5/1/2017 - The Oil and Gas Authority (OGA) has awarded £1.5 million of contracts to purchase comprehensive subsurface databases and information sources to encourage further exploration in under explored areas of...
United Kingdom >> 4/29/2017 - Modcon Systems has successfully installed and commissioned the new MOD-4100 crude oil analyzer in the Gulf region. The newly redesigned MOD-4100 analyzer represents a breakthrough in crude oil on-line...
Denmark >> 4/28/2017 - HaCon to be managed as separate legal entity and wholly-owned subsidiary of Siemens AG in the Mobility Division Transaction still subject to approval by antitrust authorities, with closing planned fo...
Germany >> 4/28/2017 - The pioneering technology leader ABB has booked an order to deliver SafeRing AirPlus ring main units (RMU) with the innovative eco-efficient AirPlus™ insulation gas to SUC Coburg. This marks the first...
United Kingdom >> 4/28/2017 - Brexit will come under the conference spotlight at All-Energy 2017 – the UK’s largest renewable and low carbon energy exhibition and conference. Being held in Glasgow at the Scottish Event Campus (SE...
United Kingdom >> 4/28/2017 - Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to BW Catcher ...
United Kingdom >> 4/28/2017 - Allseas’ dynamically positioned single-lift installation/decommissioning and pipelay vessel “Pioneering Spirit” set a world lifting record with the safe and successful removal of Shell UK’s 24,000 t B...
Ireland >> 4/27/2017 - Europa Oil & Gas (Holdings) plc, the AIM traded, UK and Ireland focused, oil and gas exploration, development and production company, is pleased to provide a technical update on its Frontier Explorati...
Norway >> 4/27/2017 - Aker BP ASA (Aker BP) has entered into a framework contract with Schlumberger for acquisition of 4D seismic data. The framework contract has a duration of four years, with an option for 2+2 years. The...
Switzerland >> 4/27/2017 - ABB is showcasing a modular and secure power supply and distribution solution for use in mission-critical applications such as data centers, process industries or hospitals at this year’s Hannover Mes...
United Kingdom >> 4/27/2017 - On 10th May the Oilfield Connectivity 2017: The Next Generation Digital Oilfield – New Revenue Streams from M2M & IoT to Applications in the Cloud conference will bring the GVF-EMP Partnership portfol...
United Kingdom >> 4/27/2017 - C-Kore Systems have verified the installation of 3 new umbilicals in the North Sea for a major oil company. The field is one of the biggest subsea projects being developed in the UK sector of the Nort...
The Oil Futures Market - April 2017 Austria >> 4/26/2017 - For the first time this year, oil futures on both sides of the Atlantic were down m-o-m, but were up sharply for the quarter and the year. Both fell to their lowest monthly value since November 2016. ...
Ireland >> 4/26/2017 - Europa Oil & Gas (Holdings) plc, UK and Ireland focussed exploration, development and production company, is pleased to announce Irish Government consent has been received for the transfer of a 70% in...
Netherlands/Holland >> 4/26/2017 - Shell has completed the sale of its 20% interest in Vivo Energy Holding B.V. to Vitol Africa B.V. for a total amount of US$250 million. This sale was earlier announced on 23 December 2016 when Shell s...
Norway >> 4/26/2017 - Statoil Petroleum AS (“Statoil”) has awarded Prosafe a contract for the provision of the Safe Zephyrus semi-submersible accommodation vessel for Phase 1 of the Johan Sverdrup hook-up and commissioning...

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