Drilling & production

Faroe Petroleum releases mixed financial results, but strikes a positive note on production and 2013 exploration Capex.

A new report from the IEA Clean Coal Centre assesses the prospects for coal and clean coal technology in the Philippines.

Wintershall, a unit of BASF, has made an oil discovery offshore Denmark that is estimated to contain approximately 100 million bbls of oil.

Initec has awarded ABB the contract to deliver e-houses for its natural gas plant in Bolivia

US oil giant Chevron has made a deepwater oil discovery in the US Gulf of Mexico.

A panel including India’s Prime Minister, Manmohan Singh has cleared 5 oil and gas blocks for oil and gas exploration, whilst rejecting three others.

The UK is facing a critical capacity crunch within the next few years unless the government provides clarity on its energy market reforms.

European coal demand will remain steady for the next few years but EU environmental policies will fundamentally weaken its position beyond 2020, according to research firm, Wood Mackenzie.

OptaSense signs extension to product development framework agreement with Shell

Northern acquires additional leases over 4000 acres increasing its aggregate holding of petroleum and natural gas mineral rights in Canada to 9300 acres.

Brazilian mining giant, Vala, has lifted force majeure on a number of its coal sales contracts in Mozambique.

It is almost ten years since the invasion of Iraq, yet today the country still sees bombings and shootings on a daily basis. The central provinces remain socially fragmented with one of the highest rates of terrorist attack in the world. The north of the country also sees a high degree of political risk amid an ongoing competition for control between the federal and regional Kurdish governments.

The Brazilian state oil and gas giant has stated that it intends to triple production from Brazil’s deepwater fields by 2017.

Results from a new appraisal well in the Johan Sverdrup field have suggested that the field could extend into a third licensing block.

The company and its Norwegian partner, RTS have been contracted to supply six Gen 5 multiplexer systems to Bibby Remote Intervention Ltd.