The bill could triple the country’s oil and gas production in the next 20 years.
DONG Energy has agreed to divest 5% of the U.K. Edradour Field to Total E&P U.K. Ltd., which when completed results in an aligned DONG Energy participation of 20% in the four U.K. West of Shetland fields, Laggan, Tormore, Edradour and Glenlivet, a news release said.
Charles Holliday will succeed Jorma Ollila who will step down from the board, effective at the end of the meeting, having served as chairman for nine years.
The well encountered a significant accumulation of light oil in the Lower Cretaceous-age presalt sequence, passing through an hydrocarbon column of 420 m (1,378 ft).
Kongsberg Maritime Embient, with KONGSBERG partner company Contros Systems and Solutions, have been selected to develop and deliver technologies and strategies for environmental monitoring during gas hydrate E&P as part of the EU Submarine Gas Hydrate Reservoirs (SUGAR) project, according to a news release.
The agreement establishes the basis for cooperation and knowledge sharing in the upstream, midstream and downstream areas, according to a news release.
Searcher Seismic in cooperation with BGP has won a major multiclient campaign consisting of three separate surveys.
InterMoor, an Acteon company, has successfully completed its contract supporting the decommissioning of Anadarko Petroleum Corp.’s Red Hawk spar in the Gulf of Mexico.
The field development plan for the Akri-Bijeel Block in Kurdistan has been officially approved by the Minister for Natural Resources.
The company has commenced a search for his replacement.
ERHC's sub-contractor, Bridgeporth Ltd., a specialist geosciences company, has completed the survey that began earlier this month.
Shale oil drillers will be hurt by the fall in crude prices before members of OPEC because their costs are higher, according to the group’s Secretary-General.