News Archive for: April 2014

BP has agreed to sell its interest in four Alaskan oilfields to concentrate on Prudhoe Bay, the largest field in North America, following changes to the state’s tax laws.The British company revealed on Tuesday night that it will offload the Endicott and Northstar oilfields and a 50pc interest in…

Britain’s shale gas and oil industry could create tens of billions of pounds worth of opportunities in the supply chain, a major report is expected to say this week.

But the country currently lacks the equipment and skilled workers needed to support fracking, presenting a potential obstacle to the expansion…

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 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…

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…