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Statoil strikes oil, gas in North Sea (Norway):

Statoil Petroleum AS, operator of the production licences in the Valemon Unit, has concluded the drilling of wildcat wells 34/10-54 S and 34/10-54 A in the Norwegian part of the North Sea, the Norwegian Petroleum Directorate has announced. The wells proved oil and gas.

The wells were drilled about six…

EnQuest sells $650M of senior notes:

EnQuest PLC has completed its offering of $650 million aggregate principal amount of 7.0% senior unsecured notes due 2022 at par.

Interest will be payable semi-annually. The Notes, the net proceeds of which will be used for general corporate purposes, will be senior obligations of the Company and will rank…

Substantial assets remain on the Norwegian shelf:

The Norwegian Petroleum Directorate (NPD) believes that oil reserves could grow by 1200 million standard cubic metres (Sm 3 ) over the next ten years.

The new target was launched when the NPD presented its resource report on 3 April.

The report provides an overview of the resources in fields and…

Chevron receives Environment Excellence Award:

Chevron Australia has won the Australian Petroleum Production & Exploration Association (APPEA) Environment Excellence Award.

APPEA Chairman Rob Cole presented the award at Tuesday night’s APPEA 2014 Conference Dinner in Perth. He said the judges concluded that Chevron Australia demonstrated overall excellence against a broad suite of criteria.

Chevron’s Operational Excellence…

Former BP chiefs Tony Hayward and Lord Browne team up to drill for oil off Angola:

Tony Hayward and Lord Browne of Madingley have teamed up to drill for oil off Angola, in a $281m (£169m) deal that brings the two former BP chief executives together for the first time in seven years.

Mr Hayward’s Genel Energy announced on Thursday a deal with White Rose Energy,…

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