News Archive for: January 2013

On 15 October 2012, Alex Salmond and David Cameron signed an agreement providing for a referendum on Scottish independence by the end of 2014, ending the doubt about whether the Scottish Parliament had the power to set up such a vote. This allowed the focus to turn from the…

London-listed Trapoil said it has completed a farm-in agreement with Extract Petroleum for acreage in the UK North Sea.

The 1026-square kilometre acreage was awarded to Trapoil in the 27th Seaward licensing round in October and comprises promote licence P1938, which covers 13 blocks.

Under the agreement, Trapoil will become the…

Subsea 7 S.A. (Oslo Børs: SUBC) today announced it has been awarded a project worth approximately US$135 million by Shell U.K. Ltd as part of Shell’s Fram oil and gas development in the Central North Sea.

The project encompasses the engineering, procurement, fabrication and installation of a 4.5km pipeline bundle…

US supermajor Chevron is expected to win a licence to explore for shale gas and oil in Lithuania after submitting the only application for a permit, according to reports.

The exploration contract would give Chevron seven years to explore for unconventional reserves in the 1800-square-kilometre Silute-Taurage field in Lithuania. The…

Increased UK drilling and deal activity leads the way back to health in

North West Europe

A broader range of tax allowances and a sustained high oil price boosted

drilling activity on the UK Continental Shelf (UKCS) by one third in 2012,

according to a new report by Deloitte, the business advisory firm.

The…