Holloman, partners finds no hydrocarbons at Baikal #1 well in Cooper Basin
Dec 11, 2015
Holloman Energy Corp. says that the drilling of the Baikal #1 well in Petroleum Exploration License (PEL) 444 in South Australia's Cooper Basin went smoothly without any incidents, environmental issues or significant delays.

Buru Energy continues drilling Ungani Far West 1 well
Dec 11, 2015
Buru Energy Limited provides the following weekly update on drilling operations at the Ungani Far West 1 well as at 06:00hrs, 10 December 2015.

KPMG: Full effects of OPEC decision felt, as Brent Crude oil price hovers at US$40 a barrel
Dec 11, 2015
Commenting on the Brent Crude oil price dipping below US$40 a barrel, George Johnson, executive advisor in KPMG's oil and gas practice says:

Xodus wins over £5 million of vibration contracts
Dec 11, 2015
Xodus Group has won a clutch of international vibration contracts bringing the total value for this year to £5 million. Managed through its vibration specialists in the UK and the UAE, the projects

Parsley Energy to acquire certain properties in Midland Basin
Dec 11, 2015
Parsley Energy, Inc. has entered into an agreement to acquire certain undeveloped acreage and producing oil and gas properties located adjacent to the Company's existing operating areas in Upton,

Wood Group issues pre-close trading update for the year to 31 December 2015
Dec 11, 2015
John Wood Group PLC, issues the following pre-close trading update for the year to 31 December 2015. Full year results will be announced on 23 February 2016.

Wintershall makes minor oil discovery near the Vega Sør field
Dec 11, 2015
Wintershall Norge AS, operator of production licence 248, is in the process of completing the drilling of wildcat well 35/11-18 and appraisal well 35/11-18 A. The wells have been drilled approx. four kilometres west of the Vega Sør field. The primary exploration target for well 35/11-18 was to prove petroleum in Middle Jurassic reservoir rocks (the Brent group). The secondary exploration target was to prove petroleum in Upper Jurassic reservoir rocks (sandstones in the Heather formation).

Ophir Energy signs HoA for sale of gas and Capex reductions for Fortuna FLNG
Dec 10, 2015
Ophir Energy has signed Heads of Agreements ('HoAs') for LNG offtake from the Fortuna FLNG project with six counterparties, all of whom are established LNG buyers in European and Asian markets.

Kosmos Energy makes new Board appointment
Dec 10, 2015
Kosmos Energy has appointed Yves-Louis Darricarrère to its Board of Directors effective immediately. Mr. Darricarrère retired earlier this year from Total S.A. after a distinguished thirty-seven year

Freeport-McMoRan declares further reduction in capital spending
Dec 10, 2015
Freeport-McMoRan Inc. announced additional actions in response to market conditions, including further revisions to its oil and gas capital spending plans, additional curtailments in copper and molybdenum production

Velocys appoints Non-Executive Director
Dec 10, 2015
Velocys plc has appointed Ross Allonby as a Non-executive Director with immediate effect. Ross Allonby has also been appointed as a member of the Audit Committee, Remuneration Committee and

Jacobs receives contract from Abu Dhabi Oil Refining Company (Takreer)
Dec 10, 2015
Jacobs Engineering Group Inc. received a contract from Abu Dhabi Oil Refining Company (Takreer) for front end engineering and design (FEED) services for the Waste Heat Recovery Project at the general

Climeon’s groundbreaking heat-power solution wins award for marine energy savings
Dec 10, 2015
Climeon AB has been awarded "Technology Innovation Award" by the multinational consulting and analytical firm Frost & Sullivan for its groundbreaking heat power solution. Frost and Sullivan rates

Genesis Energy upgrades O&G rReserves at Kupe field
Dec 10, 2015
Genesis Energy Ltd. has upgraded its developed reserves in the Kupe gas and oil field, situated off the south Taranaki coast, New Zealand.

MEO gets NOPTA approval to vary WA-488-P work program
Dec 10, 2015
MEO Australia Limited has been notified by the National Offshore Petroleum Titles Administrator (NOPTA) of the approval of its application to vary the Western Australian offshore exploration permit

Jersey Oil & Gas provides corporate update
Dec 10, 2015
Jersey Oil & Gas, an independent upstream oil and gas company ?focused on the UK Continental Shelf region of the North Sea, is pleased to provide a corporate update.

BBC Chartering adds office in Beijing, China
Dec 10, 2015
BBC Chartering announces the opening of a new representative office in Beijing, People’s Republic of China, starting immediately.

88 Energy provides further drilling update on Icewine #1
Dec 10, 2015
88 Energy Limited is pleased to provide the following drilling update. Since the last update, 7' casing has been successfully run and cemented to 10,450'. The statutory test of the Blowout Preventer system

McDermott wins sizeable award for offshore development in Trinidad
Dec 10, 2015
McDermott International, Inc. has been awarded a sizeable transport and installation contract by an upstream oil and gas operator for a project offshore Trinidad, West Indies.

MOL Group awards the winners of the UPPP competition 2015
Dec 10, 2015
MOL Group proudly announced the winners of the UPPP competition. The team Oil Fnatic with three students from the University of Miskolc in Hungary ranked as the number one team of the UPPP competition, beating 1,113 participating teams.

OIS appoints Colin Shellard as new managing director in Aberdeen
Dec 10, 2015
Offshore Installation Services Ltd (OIS), an Acteon company, has named Colin Shellard as its new managing director. Based in Aberdeen, Shellard is responsible for setting the strategy at OIS, as the company continues to

BP to acquire additional interest in the West Nile Delta project
Dec 10, 2015
BP Egypt has completed its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel AG. The acquisition will bring BP's working interest in both concessions of the West Nile Delta project to 82.75 per cent. The West Nile Delta project agreement, concluded in March 2015, involves the development of 5 trillion cubic feet of gas resources and 55 million barrels of condensates.

Kongsberg Maritime introduces new shallow-medium depth multibeam echo sounder
Dec 10, 2015
Kongsberg Maritime has introduced a new multibeam echo sounder designed for survey and inspection operations in shallow and medium water depths. The new KONGSBERG EM 712 multibeam echo

Statoil awarded Johan Sverdrup pipeline contracts
Dec 10, 2015
Statoil has, on behalf of the Johan Sverdrup partners, awarded contracts for the linepipe , coating and pipe installation of the Johan Sverdrup export pipelines.The total contract value is estimated at slightly less than NOK 2.5 billion, the three contracts cover both the oil and the gas export pipelines for Johan Sverdrup.The linepipe fabrication contract for the export pipelines was awarded to Mitsui & Co. Norway A.S.