News Archive for: August 2012

Statoil announced Wednesday that it plans to increase the average oil recovery rate from its fields on the Norwegian Continental Shelf (NCS) to 60 percent.

This would be a significant improvement on the 50 percent average recovery rate that Statoil is currently at, and which the firm claims no other…

BP and Eni subsidiary International Egyptian Oil Company (IEOC) have reported two gas discoveries at Taurt North and Seth South in the pair’s North El Burg offshore concession in Egypt’s Nile Delta.

The British supermajor said the pair of finds were the fourth and fifth to be made in the…

Scotland’s oil and gas industry enjoys a global reputation for dynamism, drive, vision and innovation.

Decades of experience recovering oil and gas from the challenging North Sea has given Scottish companies the expertise needed for oil and gas production and exploration.

Our oil and gas sector offers a huge range of…

Danish contractor Maersk Drilling reportedly has two of its rigs lined up to drill a pair of exploration wells in the Norwegian sector later this year.

Canadian explorer Talisman Energy is set to use the Maersk Gallant to drill the 16/10-5 probe at the Polar Bear prospect in the Norwegian…

The possibility of an oil boom around the Falkland Islands which could further inflame tension between Britain and Argentina was raised on Thursday with “exciting” new well results and details on a separate £2bn production plan.

Shares in Borders & Southern rocketed 59% after the London-listed company reported positive results…