Oil & gas news

Exoma Energy has employed a second drilling rig to explore for CSG, shale and oil in the Galilee Basin.

Santos Q1 results show a production increase of 13% and an increase in revenue of 50%.

The UK and Japan have agreed a Framework on Civil Nuclear Cooperation, providing the basis for UK companies to engage in multi-billion pound decommissioning opportunities in Japan.

The Department of Energy and Climate change has granted TOTAL consent to drill a relief well to tackle the Elgin gas leak after a full environmental assessment.

Ritchie Bros. Auctioneers, one of the world’s largest industrial auctioneers, is due to sell more than 1600 industrial equipment items and trucks to the highest bidders in an unreserved public auction held in Moerdijk, The Netherlands on the 19 - 20 April.

President Obama has asked for greater controls, tougher rules and harsher penalties for oil traders in a bid to reduce oil market manipulation and protect consumers.

It has been revealed that the Argentinian government’s recent decision to nationalise the Repsol-owned company YPF has interrupted a non-binding takeover agreement with Sinopec valued at more than US$ 15 billion. Additionally, the Spanish government has threatened to retaliate via economic action.

Chevron is to supply Chubu Electric Power Company with 1 million tpy of LNG under a long term sales agreement from the Wheatstone LNG project.

A review by the Department of Energy & Climate Change has concluded it is safe for Cuadrilla Resources to continue fracking in the Bowland Basin, Lancashire.

Despite the threats of legal action and the use of diplomatic and possible economic pressure from Spain and the EU, the Argentinean government has nationalised YPF, a company in which the Spanish player Repsol had a 57.4% stake.