African Petroleum Corporation has signed a non-binding term sheet agreeing terms with a private London-based independent oil and gas company to farm-in to the company’s 100% owned Liberian LB-08 licence.
Bowleven has announced that the Etinde farm-out transaction with LUKOIL/NewAge is at the final stage of completion.
Karoon Gas Australia production testing from DST-1A over the Maastrichtian A and B oil bearing reservoirs was continuing with a pressure buildup following a 12 hour main flow period.
A UK government minister has been slammed by a Scottish MP for refusing to meet widows of the Sumburgh helicopter crash.
BPZ Energy, an independent oil and gas exploration and production company, has started production from another Corvina well, offshore Peru.
Hess Corporation’s Australian subsidiary, Hess Exploration Australia Pty Ltd, has signed a non-binding Letter of Intent (LOI) with the North West Shelf (NWS).
China’s rig builder CIMC Raffles has said it won the bidding for the construction of a jack-up drilling rig for Sinopec.
Premier Oil, a UK-based independent oil and gas company has completed two previously announced asset sales worth $147.
Russian oil company Rosneft has repaid part of a loan taken to pay for the acquisition of TNK-BP.
In light of falling oil prices, which were at a five-year low last week, Oil & Gas UK has called for the government’s reform to the oil and gas fiscal regime to be accelerated.
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