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JKX Oil & Gas Considers Restart in Ukraine After Gas Production Tax Drop
January 13, 2016
JKX Oil & Gas has acknowledged a 47 percent drop in gas production taxes in Ukraine, and highlighted it has plans in place to restart drilling programs. The Ukraine government has passed legislation to reduce the gas tax to 29
Statoil Awards $1.2 Billion Offshore Contracts in Norwegian Continental Shelf
January 12, 2016
Statoil has awarded two contracts, valued NOK11bn ($1.2bn), to Beerenberg and Prezioso Linjebygg to provide insulation, scaffolding and surface treatment services to installations located in the Norwegian continental shelf (NCS). The two contracts are for 15 years, under which the
Bowleven’s Bomono Permit Well Test Supports Gas-to-Power Plans, Onshore Cameroon
January 12, 2016
Bowleven chief Kevin Hart declared himself “pleased” with the results of extended well testing on the Bomono Permit, onshore Cameroon. The program is now complete and early indications are the Moambe and Zingana wells produced enough gas to support the
Production from North Sea Oil and Gas Fields Increases for First Time in 15 Years
January 8, 2016
Production from oil and gas fields in the UK Continental Shelf has increased for the first time in 15 years, according to Oil & Gas UK. The offshore fields have reported an increase in production of 7 percent in 2015,
Statoil to Deploy New Tank Cleaning Technology for Supply Vessels
January 8, 2016
Norwegian oil and gas firm Statoil has awarded a contract worth around NOK500m ($55.9m) to M-I SWACO for a technology solution that facilitates tank cleaning of supply vessels. The contract extends for a period of four years and is supported
India’s PM Modi Discusses with Global Experts Ways to Attract Oil & Gas Development
January 6, 2016
With 11-year low oil price forcing oil and gas producers to cut spending, Prime Minister Narendra Modi on Tuesday brainstormed with global experts on ways to attract investments and raise domestic production. Modi, in a two-hour long meeting with experts
Genel Energy Plugs and Abandons Aigle-1X Oil Well, Ivory Coast
January 6, 2016
The completion of Genel Energy’s committed Ivory Coast drill program ended with finding no hydrocarbons at the Aigle-1X well. The offshore well is now being plugged and abandoned, the firm told a brief regulatory statement today. The well lies on
Independent O&G Granted North Sea License Extensions
January 6, 2016
Independent Oil and Gas has had its Cronx license in the southern North Sea extended for another year to January 9, 2017. IOG has also agreed to extend the sale and purchase agreement with Swift Exploration by 9 months to
Cairn Energy Sees Appraisal Success at SNE-2 Oilfield, Offshore Senegal, Africa
January 6, 2016
Cairn Energy revealed the success of an appraisal well, offshore Senegal. The oil firm told investors that SNE-2, the first of three planned wells to evaluate the November 2014 discovery, had encountered high quality ‘pay’ (12 meters) which flowed at
Solo Oil Receives Regulatory Approval to Advance Horse Hill Well, UK
January 5, 2016
Now that UK regulator the Oil & Gas Authority has approved plans to test the Horse Hill well, near Gatwick airport, operations could get underway in a matter of weeks. Neil Ritson, Solo Oil chairman, has told Proactive Investors that
