Colter well offshore southern England confirms oil

Corallian Energy has issued an update on its appraisal drilling programme on the Colter field in shallow water off the Dorset coast of southern England.   This was designed to appraise British Gas’ 1986 98/11-3 discovery.   Initially, the present well delivered oil and gas…

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US Emerging as a LNG Powerhouse

Last month, ExxonMobil and Qatar Petroleum announced that they will proceed with construction of the US$10 billion Golden Pass liquefied natural gas export facility on the Texas Gulf Coast.   This project would export up to 2.2 billion cubic feet per day (Bcf/d) of LNG,…

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Ophir, Medco agree on sweetened takeover deal. Coro backs away

London-listed oil company Ophir Energy has accepted Indonesia Medco Energy’s increased takeover bid. Ophir was also recently approached by Coro Energy over a potential takeover.     Late on Wednesday evening, the 20th March Ophir and Medco agreed on the terms of an increased recommended…

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People in the News

PERse sets up Miami office to focus on LATAM renewable energy Specialty property and casualty insurer for power and energy PERse (Power.Energy.Risk) has set up an office in Miami with a new team to focus on underwriting renewable energy projects in Latin America.   Marco…

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Will the US Ever Become Part of OPEC+?

Never say never.   That is what Muktadir Ur Rahman, director of Apex Consulting Ltd, told Rigzone when asked if the United States would ever become part of the OPEC+ group.   The director added, however, that it is hard to see the United States…

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