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News Archive for: June 2014

Premier sells UK North Sea assets to MOL:

North Sea operator Premier Oil has sold three of its non-operated assets to Hungarian oil firm MOL Group in a $130million deal.

The transaction comprises six UK North Sea licences in the Scott, Telford and Rochelle fields, at 21.8%, 1.6% and 15% equity respectively, representing around 3,700 barrels of oil…

Total ‘gets Danish shale gas well nod’:

French player to spud test well on Alum play this summer but only with conventional probe, report says

Total is set to soon start drilling Denmark’s first shale gas test wells after gaining approval from a city council, according to a report.


Maersk advances work in Danish North Sea :

Maersk Oil has let two contracts to Technip for work associated with gas lift in two small fields in the Danish North Sea connected to the Tyra oil and gas producing center, an area where it has a larger project under way.

Technip will fabricate and install riser caissons on…

ExxonMobil ‘eyes Turkish shale gas’:

ExxonMobil is in talks with state-owned Turkish Petroleum (TPAO) over the possible exploration for shale gas in Turkey, according to a report.The US supermajor could be interested in looking for the resource in the country’s south-east and north-west regions, Reuters reported, citing a Turkish government official.

Selami Incedali, the head…

Ithaca in $170m deal to boost North Sea presence:

North Sea oil and gas firm Ithaca Energy today said it has struck a $170 million (£100m) deal to buy stakes in three producing oil fields.

The deal, with Sumitomo subsidiary Summit Petroleum, will see Ithaca buy a further 20 per cent stake in the Shell-operated Cook field, in which…

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