Drilling & production - 13 June 2012

Edinburgh-based Cairn Energy has made a bid for Nautical Petroleum in order to expand the company’s presence in the North Sea.

BP has announced that it has begun the initial start-up of the Galapagos development in the deepwater U.S. Gulf of Mexico, one of a series of new major upstream projects that the company expects to bring into production this year.

Estimated gross tonnes in situ increase by 429% to 8.0 billion t from 1.5 billion t in the Greater Soutpansberg area.

Natural gas production from shale, coal bed methane and tight sands is expected to generate significant job creation, economic growth, and revenue for federal, state and local treasuries throughout the U.S. in gas "producing" and "non-producing" states alike, according to a new IHS Global Insight study.