Dual-listed Caza Oil & Gas is already selling oil from its recently-completed Gramma Ridge property well in New Mexico. The well reached its total depth in the 3 Bone Spring Sand interval and was fractured there before being flowed back. It produced 830 barrels of oil and 4.63 million cubic [...]

Several Greenpeace activists have now been airlifted off a Statoil-operated rig in the Barents Sea as a demonstration that threatens to delay a controversial wildcat in the Arctic region appeared to be weakening on Wednesday. Statoil said only seven out of 15 activists that boarded the Transocean Spitsbergen in the [...]

Norway’s Kongsberg Maritime has secured a front-end engineering and design contract for safety and automation systems on the Johan Sverdrup field project. The contract, which also includes life-cycle simulation technology, covers deliveries of the equipment for the four platforms to be built under phase one of the giant scheme being [...]

Australia-listed Otis Energy has ended an agreement to purchase a stake in a block in Yemen from Mitsui. Early last year, Otis and Mitsui entered an agreement whereby Otis would take an 8.5% interest in Block 7 in Yemen. However after extensive discussion, the companies have chosen to end the [...]

Spanish giant Repsol has been hit with further delays to the drilling of its Welwitschia wildcat on       PEL 0010, off the coast of Namibia. Joint venture partner Tower Resources revealed on Wednesday the drilling programme would be delayed due to a fault with part of the blowout preventer control system [...]

Russia failed to finalise a lucrative gas supply deal with China for state-owned Gazprom as expected on Tuesday, with the Chinese reported to be driving a hard bargain on price amid tensions over Ukraine. Russian President Vladimir Putin, who is on a state visit to China this week, was widely [...]

Latin America-focused Global Energy Development is ready to carry out the Simiti test on the Catalina-1, with the workover rig on the way to site. The rig is now on its way to the northern Magdalena Valley in Colombia to the company’s Bolivar association contract. It is being transferred from [...]

London-listed Circle Oil has kicked off its latest drilling campaign in Morocco which will see it spud several wells across two permits. It started the campaign with the spudding of the SAH-W1 well in the Sebou permit where it plans to drill three wells which will be followed by its [...]

Libyan resumption could put spanner in the works for the rising Brent price Brent futures held above $109 per barrel on Friday as fresh tensions over Ukraine kept them on course for their biggest weekly rise since mid-April, while returning Libyan supply capped gains. US crude futures were also heading [...]

Norway’s Electromagnetic Geoservices ASA (EMGS) has won a $1.7 million contract from a repeat customer in the Barents Sea. The company will use the vessel BOA Thalassa to carry out a 3D electromagnetic data acquisition for the unnamed customer. EMGS will start work in May. The company recently won a [...]

Unions kicked off talks with Norway’s industry body on Tuesday to achieve a new pay settlement for oilfield service employees after negotiations for platform workers partially broke down last week. The Industri Energi and Safe unions that represent about 6000 workers at companies such as Halliburton and Schlumberger are set [...]

Norwegian seismic player Petroleum Geo-Services (PGS) saw revenues slump in the first quarter of the year. The company posted a profit of $4.6 million for the first three months of the year, well down on the $62.5 million profit booked over the same period in 2013. The fall in profits [...]