British North Sea Oil Costs, Spending on the Rise
The costs and operating expenditure needed to produce oil and gas in the British North Sea are set to rise both in overall and in per-barrel terms this year compared with 2017, the…
SandRidge Draws Interest from Multiple Bidders
SandRidge Energy Inc has been approached by 26 potential bidders for a buyout of the company or some of its assets, the U.S. shale oil producer said on Friday, days after activist investor…
Enerplus Profit Beats as Oil Focus Pays Off
Canadian oil and gas producer Enerplus Corp reported a quarterly profit that beat estimates on Friday as the company's strategy to focus on oil assets paid off. Shares of the company…
EnQuest's Kraken Oilfield Latest North Sea Boost
Field to produce 50,000 bpd at peak; Kraken welcome news for heavily-endebted EnQuest. EnQuest has started oil production from the Kraken field in the North Sea, the latest addition…
Canada's Liard Basin Among World's Biggest Shale Gas Plays
Northwest Canada's remote Liard Basin is the world's ninth largest shale gas resource, according to a new assessment released by Canadian regulators on Wednesday, although it may take…
BP Starts North Sea Quad 204 Upgrade
BP said on Wednesday it started a seven-year deep water drilling campaign in the Loyal field in the UK North Sea as part of a $3 billion drive to develop the ageing oil and gas basin.
BP in Second Egypt Find
BP Egypt announced today another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The “Atoll-1” deepwater exploration well, currently being…
Total Sells Stake in US Shale Gas Transport Firm
French oil major Total has agreed to sell its 25 percent stake in Cardinal Gas Services, a gas transport company operating in Ohio's Utica shale gas basin, to a group of Korean companies for up to $450 million.
