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April 2015

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Oil holds above $65 on declined rig count in US
27 April 2015 The price of Brent crude oil remained above $65 a barrel today, after indications that US shale production may have started to...

Iran invites German investment in South Pars gas field project
27 April 2015 Iran has invited German firms to participate in South Pars gas field development project, to facilitate gas exports to Europe....

Ghana to continue development of $4.9bn TEN offshore oil project
27 April 2015 International Tribunal for the Law of the Sea (ITLOS) has refused to suspend Ghana's operations at the $4.9bn Tweneboa, Enyenra and Ntomme (TEN) offshore oil project in the disputed waters of...

MOL Group to acquire Ithaca Petroleum Norge
27 April 2015 Hungarian oil and gas firm MOL Group will buy Ithaca Petroleum Norge (IPN) from Ithaca Energy, as a foray into the Norwegian...

Oil increases slightly to above $65 on Yemen air strikes
24 April 2015 The price of Brent crude oil increased slightly to above $65 a barrel today on concerns over the security of Middle East oil shipments due to renewed air strikes in...

BP sells stake in CATS business to Antin for £324m
24 April 2015 BP has agreed to sell its stake in the Central Area Transmission System (CATS) business in the UK North Sea for £324m ($486m) to Antin Infrastructure Partners, which already owns a...

CNOOC starts production at Kenli 10-1 oilfield in Bohai Sea
24 April 2015 China National Offshore Oil Corporation (CNOOC) has started production at the Kenli 10-1 oilfield in the Bohai Sea,...

OneSubsea to supply equipment to BP's development offshore Egypt
24 April 2015 OneSubsea has won a contract to deliver subsea systems for the BP West Nile Delta Taurus Libra development, offshore...

Noble Energy agrees for $73m settlement on Colorado air pollution charges
23 April 2015 Noble Energy has agreed to spend $73.45m on system upgrades and projects to mitigate air pollution from its oil and gas exploration and production activities in the Denver-Julesburg (DJ)...

Oil prices stabilise as US crude inventories rise
23 April 2015 The price of Brent crude oil stabilised today as increasing US crude inventories neutralised the worries over renewed violence in...

Work begins on Aasta Hansteen project in Norway
23 April 2015 German crude oil and natural gas producer Wintershall has started construction on the Aasta Hansteen project in Norwegian deep...

US East Coast senators introduce bill to block offshore drilling in Atlantic Ocean
23 April 2015 US Senators from East Coast have introduced a bill preventing any leases to be issued for exploration in the...

Raise in US crude inventories forces oil to drop below $62
22 April 2015 Increase in the US oil inventories has cut the crude oil price to under $62, for the 15th straight...

AziNor Catalyst buys UK North Sea licence from Stavanger
22 April 2015 Oil and gas exploration firm AziNor Catalyst has acquired P.1946 licence in the UK North Sea from Stavanger...

Abu Dhabi to boost oil production with $25bn investment in offshore fields
22 April 2015 Abu Dhabi is planning planning to invest $25bn over the next five years to increase oil production from its offshore fields....

Statoil and partners to address operational issues in Barents Sea exploration
22 April 2015 Statoil is collaborating with four European energy companies to resolve operational issues in oil and gas exploration in the Barents...

Oil stabilises around $63 on concerns of civil war in Yemen
21 April 2015 The price of Brent crude oil steadied to approximately $63 a barrel on Tuesday on concerns of a civil war in...

Karoon and Pacific Rubiales encounter oil at Echidna-1 well in Brazil
21 April 2015 Karoon Gas Australia and Pacific Rubiales Energy have confirmed a 213m gross oil column in the Echidna-1 exploration well in the Santos Basin,...

UK threatens to revoke DEA North Sea licences unless LetterOne sells stake
21 April 2015 The UK Government proposes to revoke North Sea petroleum licences owned by DEA UK, unless LettrOne, owned by Russian oligarch Mikhail Fridman, offloads its...

DNV GL issues first recommended practice for international subsea operations
21 April 2015 A joint-industry project (JIP), led by DNV GL, has released the first issue of a recommended practice (RP) for documentation of subsea...

LLOG begins production from Delta House Project
20 April 2015 US-based LLOG Exploration, and its joint venture partner Blackstone Energy Group, have started production from the Delta House floating production system (FPS) in deepwater Gulf of...


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