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News Archive for: September 2013

Statoil makes new Norwegian Sea find:

Statoil has made a new oil find after drilling a wildcat well near the Norne field.

The exploration well, 9km northeast of the field, discovered two 45m oil columns, with a preliminary estimate of between six and 19 million barrels of recoverable oil.

It marks the second find for Statoil in…

Shale gas explorer IGas in North Sea move:

Shale gas explorer IGas has agreed to buy North Sea producer Caithness Oil in an all-paper deal worth almost £9m.

Under the terms of the proposed deal, IGas will buy Caithness Oil’s interests in licences in the Inner Moray Firth, including the Lybster field.

Lybster was discovered in 1996 by Premier…

‘We have to innovate to keep North Sea oil and gas ahead of the game’:

Extracting reserves from the deep waters off Africa and South America will require great technical skill and the ability to operate securely in demanding conditions. Yet focusing on distant prospects overlooks the enormous frontier potential much closer to home: the North Sea.

The North Sea has already been a remarkable…

EnQuest reveals North Sea industry-first supply chain partnership:

EnQuest revealed an industry-first offshore asset maintenance partnership in the North Sea with two specialist supply chain companies during a visit by the Economic Secretary to the Treasury at Offshore Europe.

As part of EnQuest’s late life extension (LLX) programme on its Thistle platform, the operator has joined forces with…

Tullow farms into Namibia site:

Tullow has struck a deal worth up to $130million to take over operatorship of Pancontinental’s exploration licence off the coast of Namibia

The deal will see Tullow take a 65% stake in the licence for the site, in the Walvis basin.

“We are very pleased to have a major second partnership…

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