Shell to spud offshore well in Bulgaria next week

Shell is preparing to start drilling an exploration well in the Black Sea offshore Bulgaria within days.   On the 26th March Reuters reported, citing a Shell Bulgaria manager who said that the well at the Block 1-14 “Khan Kubrat” license area would be spud…

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Shale’s Growing Pains Could Curb US Oil Production

The dramatic ramp-up in US shale production is running into a combination of issues — technical and financial — which threaten to slow the pace of expansion, according to some of the industry’s biggest companies.   Schlumberger and Halliburton, two of the largest providers of…

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Shell ships first cargo from Prelude FLNG

Shell has sent first condensate cargo from its huge FLNG facility offshore Western Australia – The Prelude.   The Floating LNG project located 475 kilometres north-northeast of Broome in Western Australia, shipped its first cargo over the weekend, Reuters has initially reported, citing a statement…

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RockRose Energy Offers to Buy IOG Debt

London-based RockRose Energy Plc has made an offer to buy all of Independent Oil and Gas Plc (IOG) debt for £40 million (about US$53 million) cash, the company revealed on the 25th March.   The offer comes after RockRose has made several offers to Smith &…

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