Technip was awarded by EnQuest earlier this year a large engineering, procurement, installation and construction (EPCI) contract for the Kraken development located in the North Sea, 400 kilometers North-East of Aberdeen and 130 kilometers East of Shetland, at a water depth of approximately 120 meters.
The contract covers various project…
Chinese investment in the UK energy sector could exceed £43billion in the next 10 years, research has claimed.
A report by Pinsent Masons and the Centre of Economic and Business Research (CEBR) hints that the China is set to invest a total of £105billion in Britain’s assets – with the…
Ophir Energy plc is pleased to announce it has entered into an agreement with Niko Resources to acquire interests in seven deepwater Production Sharing Contracts (“PSCs”) in Indonesia. The transaction brings access to large acreage positions in highly prospective basins and expands Ophir’s footprint in South East Asia, following…
Oil has been discovered at the Horse Hill-1 well, which sits just 3km from Gatwick airport in the Weald Basin.
UK Oil and Gas, which owns a 20% working interest in the development, said preliminary evaluation of the electric logs has shown an oil accumulation in the conventional Upper Jurassic…
Oil majors Chevron and BP have made an oil discovery in the Gulf of Mexico.
The companies said a significant oil pay had been made at the Keathley Canyon Block 10 in the Guadalupe prospect.
The well was drilled by Transocean’s Discoverer India deepwater drillship, with work beginning in June this…
