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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
Drillsearch Energy and Santos Begin Production at Western Wet Gas Joint Venture, Australia
January 5, 2016
Drillsearch Energy Limited announces the start of production from the company’s Western Wet Gas joint venture with Santos Limited in the Cooper Basin (Drillsearch 40 percent, Santos 60 percent and Operator). The joint venture with Santos is Drillsearch’s second producing
Carnarvon Petroleum Makes Rich Gas Discovery at Roc-1 Project, Australia
January 5, 2016
Carnarvon Petroleum Limited (Carnarvon Petroleum) provides the following update on drilling operations as advised by the operator of the Roc-1 well, Quadrant Energy. Condensate rich gas has been recovered from the well using wireline logging tools. Wireline logging over the
Shell and Partners Begin Production at Corrib Gas Field, Offshore Ireland
January 5, 2016
Shell and partners have commenced production from the Corrib field off the northwest coast of Ireland. Located 83km off Ireland’s northwest coast, in water depths of 350m, the Corrib gas field is estimated to produce around 260 MM scf/d of
Polish Oil Refiner PKN Orlen Acquires FX Energy for $125 Million
January 5, 2016
Polish oil refiner and petrol retailer PKN Orlen’s subsidiary Orlen Upstream has completed acquisition of independent oil and gas company FX Energy for $125m. As per the deal signed in October 2015, the holders of FX Energy common stock will
Changfeng Receives Government Approval for Natural Gas Transmission Project in Zhaoqing City, China
January 4, 2016
Changfeng Energy Inc. has obtained a land use right, received pipeline construction approval from the local government and passed the environmental assessments necessary to build the natural gas transmission pipelines, transmission stations and associated facilities to link the existing and/or
GeoPark Signs Offtake and $100 Million Funding Agreement with Trafigura
January 4, 2016
GeoPark Limited has executed an offtake and prepayment agreement with Trafigura, one of the world’s leading commodity trading and logistics companies. “We are pleased to begin this strategic partnership with Trafigura and look forward to a long term relationship. Trafigura’s
GE Secures $1 Billion to Build Saudi Electricity’s Waad Al Shamal Combined Cycle Power Plant
January 4, 2016
GE has been awarded a landmark contract valued at nearly US$1 billion for the engineering, construction and provision of gas turbine services for the Waad Al Shamal combined cycle power plant of Saudi Electricity Company (SEC). Scheduled for completion in
