Image - Statoil Farms Into Turkey Onshore Acreage

Statoil Farms Into Turkey Onshore Acreage

Statoil will have a 50% interest in the Banarli licences, while the operator Valeura Energy Inc., a Canadian exploration company listed on the Toronto Stock Exchange will keep the remaining 50%. The shallow formations above 2,500 meters will be 100% retained by Valeura. The work programme in the licences consists of several phases, where the first includes the commitment of drilling one exploration well, with planned spudding late 2016 or earl...

Oil and Gas - May 16, 2016


Image - News story: Greater security for North Sea Oil and Gas as Energy Bill becomes law

News story: Greater security for North Sea Oil and Gas as Energy Bill becomes law

The Energy Act is designed to help drive forward the government's energy goals and commitments. This includes new powers for the Oil and Gas Authority (OGA) to better support North Sea industry, giving local communities the say on new onshore windfarm planning decisions and bringing forward the closure of costly subsidies for new onshore wind developments across Great Britain. The OGA is being established on the recommendations of the Wood Rev...

Oil and Gas - May 12, 2016


Image - Enis Production Reaches 65,000 Boed With Nooros Field Just 10 Months After Discovery

Eni's Production Reaches 65,000 Boed With Nooros Field Just 10 Months After Discovery

Eni, following the start of production of the Nidoco North 1X exploration well and the Nidoco North West 4 development well, brought the production of Nooros field, located in Abu Madi West concession, to around 65,000 barrels of oil equivalent per day (around 33,000 net to Eni). This new milestone, achieved in just 10 months after discovery took place in July 2015, further confirms Eni's near field exploration strategy oriented on high-value act...

Oil and Gas - May 11, 2016




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