Drilling & production

The acquisition follows the company’s identification of two highly prospective Jurassic fault blocks and one Cretaceous submarine fan system in the FEL 1/13 Licence.

The 2016 edition of BNEF's long-term forecast expects US$11.4 trillion investment in global power generation capacity over 25 yrs, with electric vehicles boosting electricity demand by 8% in 2040.

The company has used production revenues to buy a stake in PEDL182 incorporating the Broughton North Prospect.

The NEB has released its Short-term Canadian Natural Gas Deliverability, 2016 - 2018 report that projects supply and future pricing for Canadian natural gas over the next two years.

The deal creates a strategic platform for long-term growth in Norway.

Beach Energy Ltd has reported the appointment of Mr Morné Engelbrecht as its Chief Financial Officer.

The plant located in Sturgeon County, north of Fort Saskatchewan, Alberta, Canada is in the process of a phased expansion project.

Epic provides technical manpower to the oil and gas industries and delivers modifications and upgrades to brownfield sites.

According to figures, oil production is 5% higher than the volume produced in May 2015.

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-3 AR, cf. Section 8 of the Resource Management Regulations.

New guidance answers industry demand for help in creating, implementing, and maintaining safe and effective technical instructions.

The cash injection in to the company’s drilling programme in Colorado will allow the field to be explored more extensively.

BP Egypt has reported an important gas discovery in the Baltim South Development Lease in the East Nile Delta.

Nine wells were drilled by the Seadrill West Hercules in the Flemish Pass Basin, located approximately 500 km east of St. John’s, Newfoundland and Labrador.

Unplanned global oil supply disruptions averaged more than 3.6 million bpd in May 2016.