Oil & gas news

2014: a year of delivery.

NUTECH will work with UKOG to maximise the potential value of the Horse Hill area licences after the success of the company's recent Horse Hill-1 discovery.

EY has said that oil and gas mergers and acquisitions will remain resilient despite the 2014 downturn.

These acquisitions take UKOG's operated interest in P1916 from 65% to 72.5% and in PEDL126 from 50% to 60%.

The transaction covers 515 000 acres in the southern part of the Marcellus.

MAN Diesel & Turbo has announced the launch of its PA6 B Offshore GenSet (OG).

‘Knee-jerk’ reactions to the falling oil price as confidence drops by more than 37% in just three months.

ExxonMobil Corporation has announced estimated full year 2014 earnings of US$32.5 billion compared with US$32.6 billion for 2013.

GE Oil & Gas signs MoU with KOC to strengthen Kuwaiti talent.

This year marks 50 years since petroleum activities began in Norway.