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News Archive for: May 2013

London listed Northern Petroleum gains Australian shale oil block:

London-listed Northern Petroleum has been awarded a 5800-square kilometre shale oil licence onshore South Australia’s Otway basin.

The explorer said that it had gained a 100% stake in Petroleum Exploration Licence (PEL) 629 for an initial five-year term.

Northern Petroleum managing director Derek Musgrove said that the new block fitted the…

Chevron highlights 2012 performance and future growth at Annual Meeting of Stockholders:

Chevron Corporation (NYSE: CVX) today reported the company’s 2012 operational and social performance and future growth plans at its 2013 Annual Meeting of Stockholders.

‘Chevron’s 2012 results demonstrate that we have the people, portfolio and financial strength to deliver superior stockholder value,’ said John Watson, chairman of the board and…

EnQuest announces its entry into North Africa:

EnQuest announces its entry into North Africa through a 70% operating interest in the producing Didon Oil field and the Zarat Permit in Tunisia

EnQuest PLC (together with its subsidiaries “EnQuest” or the “Company”) today announces that it has agreed with Swedish oil and gas company, PA Resources AB and…

Shell backs away from East Africa gas:

Shell PLC is returning its exploration focus to the West African heartlands after a second attempt to gain a foothold in new gas discoveries off Africa’s East Coast failed.

Shell has pulled back from talks with Anadarko Petroleum, aimed at buying a share of its gas discoveries off the coast…

Tullow Oil plc provide well update Norway:

Lundin Petroleum AB, the operator of the 7/4-3 well drilled on the Carlsberg prospect in the Norwegian North Sea, in which Tullow Oil plc is a 40% partner, today issued the following statement.

“Lundin Petroleum AB (Lundin Petroleum) has, through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), completed…

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