Exploration

BP has entered into several agreements to sell upstream assets in the US, Canada and Egypt to Apache Corporation.

For the first time since 20 April, oil has temporarily stopped leaking into the Gulf. BP is awaiting well integrity results to see how much pressure the well can endure.

The NOIA has criticised the new suspensions for being overly restrictive on their industry and the lack of consultation before its implementation.

ADIPEC partners with Abu Dhabi Tawteen Council to foster Emiratisation in the energy sector

Natural gas is a major component of the Egyptian energy balance and its availability has been driving a flourishing petrochemical and fertiliser industry. Cedigaz present a review of the natural gas production and consumption in the Egyptian market and medium-term projections for the future of the market.

North Sea offshore drilling activity has risen in the second quarter of 2010 by 133%, according to figures released by Deloitte; more than double the number of new wells were spudded than in Q1.

Shell is ready to award deals to drill and perform EPC on new oil wells in Iraq’s Majnoon field.

Chevron has made another deepwater gas discovery in its WA-205-P permit area in the Carnarvon basin. It hopes to use the gas discovery to underpin expansion plans at the Wheatstone LNG hub.

API stresses new taxes on oil and gas industry would imperil economic recovery.

Senate action on domestic energy sources imperils jobs and economic growth.

Subsea UK is calling for greater support from the UK government to support the sector and help promote its future growth.

Foreign firms have started to leave Iran as new economic sanctions come into force.

Natural Power Concepts has submitted two new oil spill remediation technologies for dealing with the Gulf of Mexico spill.

BG group has confirmed the presence of light oil in its Tupi Alto well in the Santos basin, reinforcing estimates that there could be up to 8 billion bbls of light oil and gas in the Tupi reservoirs.

Samson Oil & Gas is to sell of part of its Goshen county assets to finance development of their other assets in Goshen County, Williston Basin and the Gulf coast onshore basin.