Exploration

GE has acquired Lufkin Industries Inc. for approximately US$3.3 billion.

The planned strike by Norway’s oil and gas unions was called off at the last-minute after a pay deal was reached.

The Swedish company has found good quality, light oil at its Luno 2 prospect in the Norwegian North Sea.

The land-locked East African country could be the next to unlock oil riches.

The Italian company’s plans to explore for hydrocarbons offshore Cyprus have angered the Turkish government.

As the US experiences a shale gas revolution, the question now is, where is all this abundant natural gas going to go?

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

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.

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

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.

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.