Exploration

Desire Petroleum has tentatively announced the discovery of oil in the Rachel North well.

Aker Solutions has been awarded the Åsgard subsea compression system contract by Statoil. The contract value is approximately NOK 3.4 billion.

API comments on the recent US tax recommendations.

In the last year a number of territorial disputes, which had been quietly ignored before the financial crisis, have come back to prominence; the disputes have been further exacerbated by the presence of oil in some instances.

The African Continent’s west coast has long been an oil rich haven for oil companies from the west to exploit, yet now with the continual discoveries of oil rich deposits in the east, companies are turning their attention to countries like Uganda, Tanzania and Mozambique to source large quantities of Africa’s oil reserve.

Drilling of the exploration well 6603/5-1S on the Dalsnuten prospect in license PL392 in the Norwegian Sea by Noreco has been concluded. The well did not encounter reservoir rocks and was dry.

New research from Policy Exchange shows that Britain and the EU are only on course to meet international carbon targets because emissions have been ‘off shored’ to countries like China.

Taryn Evans, Central and Latin America analyst for AKE, examines the stability of US oil imports from Latin America.

Viking Moorings, today announced that it has signed an exclusive international agency agreement with Mainticare Ltd, one of the largest marine and oilfield services contractors in Malta.

Gas has a vital role in the UK’s future energy mix, said Energy Minister Charles Hendry.

Petrobras has awarded a two year US$ 110 million contract to Subsea 7 for the exclusive use of its Lochnagar pipelay vessel for two years.

A brief look at the new low carbon collaboration between UK and Indian business leaders the ‘UK-India Business Leaders Climate Group.’

According to the International Energy Agency’s latest World Energy Outlook, much stronger action is needed to accelerate the transformation of the global energy system.

The American Petroleum Institute is reviewing the Environmental Protection Agency’s greenhouse gas reporting rule requirements for the petroleum and natural gas industries.

Chevron Corporation has announced plans to acquire Atlas Energy, which will provide Chevron with an attractive natural gas resource position primarily located in the Marcellus Shale.