Oil & gas news

Otto Energy Ltd. (Otto) announced on Tuesday that the joint venture with Swala has successfully completed a 267 mile 2D seismic program.

DNO ASA and Entreprise Tunisienne d'Activités Pétrolière announced today the completion of drilling of the Jawhara-3 well on the permit.

The Bureau of Land Management (BLM) in Alaska has announced the results of the 2014 Lease Sale.

Australian Government has released 28 proposed areas for the 2015 Offshore Petroleum Exploration Acreage Release.

Dyna-Mac Holdings Ltd has been awarded a US$71.2 million contract for 10 units of FPSO topsides modules destined for Premier Oil’s Catcher oilfields.

The global oil and gas industry is entering a challenging 2015 based on stubbornly low oil prices, Moody's Investors Service says in a new report.

Fluid samples and cable test conducted in reservoirs located at a depth of some 4300 m confirmed the presence of excellent quality oil.

Primeline Energy Holdings Inc. today announced that commercial production has now commenced at its LS36-1 gas field.

Confirmation of 2014 block offers, 2015 block proposals and an update from Pan Pacific Petroleum.

Analysts at Rystad Energy consider the falling breakeven price of shale, considering today’s oil price climate.