News

  • Irish government sanctions offshore lease transactions

    The Minister of State at Ireland’s Department of Communications, Climate Action and   Environment has authorised the assignment of the following interests offshore southern Ireland:   10% interest in the Dunmore lease undertaking (LU) to Marginal Field Development Company 10% of Providence Resources’ interest in…

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  • Norwegian group in MoU on Iranian Caspian field studies

    Norway’s Offshore Resource Group (ORG) has signed a Memorandum of Understanding with Khazar Exploration and Production Company to study the development of the deepwater Sardar-e Jangal oil and gas field off Gilan Province in the southern Caspian Sea, according to news service Shana.   The…

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  • OMV Petrom drilling four wells offshore Romania

    OMV Petrom has resumed drilling in the shallow-water Istria block in the Black Sea.   The company plans to drill three new wells on existing fields and one exploration well. It aimed to complete two of the wells by year-end and the other two by…

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  • IEA welcomes Greece’s progress with energy sector reform

    Greece has made noticeable progress with its energy-sector reforms in recent years. The country moved forward on plans to restructure state-owned companies and liberalise electricity and gas markets, an impressive programme which will lead to more competitive and financially viable energy markets offering choices and…

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  • Pemex Makes Biggest Onshore Oil Find in 15 Years

    Mexico’s national oil company Pemex has made its biggest onshore oil discovery in fifteen years with a find in the eastern state of Veracruz, President Enrique Pena Nieto said on the 3rd November.   He said Pemex made the discovery by drilling its onshore Ixachi…

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  • Apache finds more oil at Callater in the North Sea

    Apache Corporation plans to bring on-stream the CB-1 well later this month at the Callater field in the UK North Sea.   The well, recently drilled into an untested fault block, delivered more than 260 feet (79 metres) of net pay.   This is the…

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  • Exxon Is Spending US$1 Billion a Year to Research Green Energy

    One of the world’s biggest oil companies is pumping more than US$1 billion a year into alternative forms of energy from algae engineered to bloom into biofuels and cells which turn emissions into electricity.   The funds from Exxon Mobil Corporation are for more than…

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  • Shell Opens 430 Million-Litre Lubricants Plant in Singapore

    Shell has opened an integrated lubricants and grease production facility in Tuas, Singapore.   At ten hectares, the site size is equivalent to almost 25 football pitches. It is Shell’s third largest lubricants plant in the world and second largest in Asia-Pacific, capable of producing…

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  • Nigerian group renews threat to oil flow

    Nigerian oil production came under renewed threat on the 3rd November when a militant group cancelled a ceasefire in effect this year and warned of a “brutish, brutal, and bloody” campaign against oil companies.   The Niger Delta Avengers website called the suspension of hostilities…

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