Oil & gas news
Approval of sale of Petrobras Argentina
Petrobras has reported that its Board of Directors have approved the sale of its entire 67.19% stake in Petrobras Argentina (PESA).
Statoil farms into Turkey onshore acreage
Statoil has announced it has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey.
Sound Energy provides Nervasa update
The company has now completed the second static profile referred to in its March 2016 announcement.
AAL JV spuds G Sand appraisal well
The AAL-4X appraisal well is targeting the G Sand reservoir which is estimated to contain 289 million bbls.
Environmental impact of fracking to be discussed at industry event
An SPE meeting in Aberdeen is set to shed more light on the technical reality of the fracture stimulation of unconventional shale reservoirs.
BP doubles its interest in North Sea Culzean field development
BP's acquisition of interests from JX Nippon increases BP's interest in the development to 32% .
Deep Down reports 1Q 2016 results
Deep Down, Inc has reported financial results for the quarter ended March 31, 2016.
NPD grants Wintershall drilling permit
The Norwegian Petroleum Directorate has granted Wintershall Norge AS a drilling permit for wellbore 35/11-19 S.
KrisEnergy announces changes to Board of Directors
KrisEnergy Ltd has announced that Mr Michael Chia Hock Chye has joined its Board of Directors as a Non-Executive Director, effective 13 May 2016.
IEA releases Oil Market Report for May
Global oil supplies rose 250 000 bpd in April from the preceding month to 96.2 million bpd, according to IEA data.