News Archive for: May 2014

PRODUCTION SUMMARY

Production from 1 January to 30 April 2014 averaged 25,597 Boepd, up 25% on the same period last year. EnQuest reiterates production guidance of an average of between 25,000 Boepd and 30,000 Boepd for the full year.

HIGHLIGHTS

• Alma/Galia. First oil from the Alma field is expected in H2 this…
  

Over the last five months, the number of horizontal drilling rigs targeting oil in the Permian Basin of West Texas and southeastern New Mexico has climbed by more than five dozen, according to the U.S. Energy Information Administration (EIA), marking a steep ramp-up in activity.”A change in the horizontal,…

Abu Dhabi National Energy…

Cairn Energy has reached a major North Sea milestone.

The independent oil and gas explorer confirmed BNP Paribas will underwrite its seven-year $575million debt facility to part-fund development in its Kraken and Catcher fields.

Chief executive Simon Thomson said: “Cairn has reached a key milestone for the Kraken and Catcher fields…

Following IGas’s takeover of Dart Energy which created Britain’s biggest shale gas company, Edgon Resources has confirmed that it has taken over Alkane Energy’s shale gas assets, making Edgon the country’s second largest shale gas company.

Edgon will now hold around 9 trillion cubic feet of unconventional gas and 140,000…