News

  • UK shale reserves may be smaller than previously estimated

    Previous projections of the potential amount of shale gas under the UK may have been significantly overestimated, according to a new study.   Instead of 50 years of gas at the current rate of consumption, this new research suggests there are just five to seven…

    Read more
  • South Sudan Makes New Oil Discovery in Adar

    South Sudan has made a new crude find in the northern oilfields of Adar and plans production by the end of the year, Information Minister Michael Makuei Lueth has said.   The oil will be linked to the nearby Paloch oilfields which are managed by…

    Read more
  • DOF AHTS duo to support OMV drilling ops in New Zealand

    Oslo-listed offshore supply vessel owner DOF has won work for two AHTS contracts to support OMV’s drilling operations in New Zealand.   Skandi Emerald and Skandi Atlantic, built-in 2011 and 2012 respectively, have been contracted by OMV NZ for 2 wells firm, plus 2 x…

    Read more
  • COSL jack-up to drill Tambak wells offshore Indonesia

    Coro Energy has issued an update on drilling plans for the Duyung production-sharing contract in the West Natuna basin offshore Indonesia, in which the company has a 15% interest.   The campaign will comprise one exploration well (Tambak-1), designed to test the Tambak prospect beneath…

    Read more
  • Rolls-Royce Supports Power-To-X Initiative in Brandenburg

    Rolls-Royce intends to support research into green fuels in the Lausitz region of eastern Germany together with the State of Brandenburg, Brandenburg University of Technology Cottbus and other industrial partners.   This has been agreed by those involved in a letter of intent that was…

    Read more
  • Petro Matad provides update on Mongolia operations

    Petro Matad, the AIM quoted Mongolian oil explorer, has provided an update on the Heron-1 and Red Deer-1 wells in Block XX, eastern Mongolia.   Further to its announcement on the 14th August, the company reports that all processes for obtaining the land permits for…

    Read more
  • Lundin makes oil discovery targeting Goddo prospect

    Lundin Petroleum AB said its oil discovery at exploration well 16/5-8s, targeting the Goddo prospect in PL815 some 14 kilometres south of Edvard Grieg field in the Norwegian North Sea, is promising but does not appear connected to the Rolvsnes discovery reservoir.   Exploration well…

    Read more
  • Oil Up as Middle East Fears Stoked

    Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardise crude exports.   Futures in New York advanced as much as 1.7% to trade above US$55 a barrel….

    Read more
  • Another oil spill at Hibernia platform offshore Canada

    Another oil spill has occurred aboard the HMDC-operated Hibernia platform in the Atlantic Ocean offshore Canada, just days after regulators gave approval for HMDC to resume production which had been shut following the July oil spill.   On the 15th August the offshore regulator issued…

    Read more