Oil & gas news

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 volume-weighted average share price for the respective trading days was NOK 137.52. The subscription price per share is set at NOK 130.64.

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.

Customer-case shows potential for a 40% reduction in engineering hours on subsea paperwork, and up to 80% less documentation.

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.

Twenty-two percent of employers surveyed see the main issue facing the industry in the next six to twelve months as skills shortages.

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.