Rex International Holding has issued an update on the exploration programme of its subsidiary Masirah Oil in block 50 offshore Oman. Last year Masirah completed drilling of the Karamah#1 well, with a five-metre (16-foot) oil-bearing interval identified on wireline logs and hydrocarbon shows detected…
Dozens of angry villagers from Pieterzijl in Groningen have taken part in a protest at government plans to allow gas company NAM to use fracking technology to extract gas from a small field close to their homes. They carried a coffin and banners with…
AWE has entered into a farm-out agreement for New Zealand exploration permit PEP 55768 (AWE 51%, operator), onshore Taranaki basin, which includes the planned Kohatukai-1 well. PEP55768 is located southeast of New Plymouth in a prolific gas producing region and contains a number of…
Lundin Petroleum’s subsidiary Lundin Norway has started drilling well 7220/11-5 on the Alta discovery in PL609 in the southern Barents Sea. Following drilling, the well will be used for extended well testing. Lundin got a drilling permit from the Norwegian Petroleum Directorate (NPD) for the…
A cyberattack which US natural gas pipeline owners were not required to report has lawmakers taking a closer look at how the industry is handling such threats, raising the prospect of tighter regulation. In website notices to customers last week, at least seven pipeline…
By the end of the month, Borr Drilling’s acquisition of Paragon Offshore Ltd for an estimated US$232.5 million should be finalised. The addition of Paragon’s 31 jack-ups (and one semi-submersible) will make Borr the largest jack-up owner in the world, with 57. It will…
OMV AG expects to sign documents by the end of April for its acquisition of a 20% interest in the concession for Satah Al Razboot (SARB) and Umm Lulu oil fields offshore Abu Dhabi. The company said it has entered an agreement for the…
The light, sweet crude oil price for May increased on the New York market on the 5th April as reports that the US would be willing to negotiate a trade resolution with China helped ease market fears of a trade war between the countries. …
The industry will see a return to bigger project sanctions, Angus Rodger, Wood Mackenzie’s research director for Asia Pacific upstream oil and gas, has stated. “We cannot just have lots and lots of small projects forever. It will not sustain the industry,” Mr Rodger…
Bureau Veritas has secured a long-term frame agreement to provide inspection and verification services for nine drilling rigs operating in the North Sea. It will coordinate the programme from its base in Aberdeen. The drilling contractor will receive streamlined data tracking and reporting…
