Oil & Gas
Oil & Gas
Lundin Petroleum drills exploration well on Luno II prospect, offshore Norway
Sweden-based independent oil and gas exploration and production company Lundin Petroleum through its wholly-owned subsidiary Lundin Norway, has begun drilling of exploration well 16/4-6S in production license PL359, offshore Norway. The 16/4-6S exploration well...
Oil & Gas
Wartsila Hamworthy to supply pumping equipments for Statoil’s new floating storage unit
UK-based Wärtsilä Hamworthy has secured a contract to supply a series of pumps to be installed on Statoil’s new floating storage unit (FSU). Under the contract, Wärtsilä Hamworthy will supply equipments for the deep...
Oil & Gas
Titan Energy receives approval to drill Warradarge-1 well in Australia
Australia-based oil and gas explorer Titan Energy has received the final approval to drill exploration well Warradarge-1, in its 100% owned North Perth Basin onshore license area DR11. The Western Australian Department of Mines...
Oil & Gas
Bridge Energy to co-develop Asha discovery with Ivar Aasen Field in North Sea
Bridge Energy, an oil and gas exploration and production company, has signed an agreement to co-ordinate and jointly develop the Asha discovery located on production license PL457, along with the proposed Ivar Aasen oil field situated on PL001B...
Oil & Gas
Enbridge Energy, Enbridge Income Fund complete expansion of crude oil Bakken pipeline
US-based Enbridge Energy Partners and Canadian company Enbridge Income Fund have announced the completion of the Bakken Pipeline Expansion Project. Enbridge Partners and Enbridge Funds together reversed and expanded an existing pipeline, extending from...
Oil & Gas
Imperial Oil acquires 50% interest in Celtic Exploration for $1.5bn
Imperial Oil, Canadian affiliate of ExxonMobil has acquired 50% interest in Celtic Exploration for C$1.6bn ($1.5bn). Imperial Oil has purchased 50% stake in Celtic from ExxonMobil Canada. Last week, ExxonMobil Canada completed the acquisition...
Oil & Gas
Kazakhstan oil ministry to extend Tethys Petroleum’s Kul-Bas exploration contract
The Oil Ministry of Kazakhstan has agreed to extend Tethy’s Petroleum’s Kul-Bas exploration and production contract by another two years for further exploration of the block. Kul-Bas block covering an area of 7,632km² surrounds...
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