News / International

Norway’s Energy Sector Receives Positive Forecast

Wood Mackenzie’s annual review of Norway’s upstream oil and gas sector reveals a largely positive picture.

Nabirm Energy Plans Seismic Survey Offshore Namibia

Nabirm Energy Services says it is planning a 2D seismic survey in license block 2113A in the Walvis basin offshore Namibia.

Cairn to Focus on Northwest Africa, North Sea Drilling

Cairn Energy has outlined its offshore exploration plans for 2015.

KrisEnergy Completes Exploratory Drilling in Indonesia

KrisEnergy Ltd. (“KrisEnergy” or the “Company”), an independent upstream oil and gas company, refers to the announcement dated 1 July 2014 in relation to the acquisition of Premier Oil Sumatra (North) B.V. (which holds 41.6666% working interest in the Block A Aceh production sharing contract (“PSC”)) from Premier Oil Overseas B.V. (“Premier”), and announces the completion of the acquisition. Approval for the change of control has been received from the Government of Indonesia and the provincial government of Aceh.

Enbridge to Build Oil Pipeline for Deepwater Gulf of Mexico Development

Enbridge Inc. (ENB.TO) (ENB), announced today that it will build, own and operate a crude oil pipeline in the Gulf of Mexico to connect the planned Stampede development, operated by Hess Corporation, to an existing third-party pipeline system.

Libya Increases Production to 300,000-500,000 B/D

The see-saw story of Libya oil production since the revolution has taken another turn with the report from Mabrook Buseif that it is now up, at between 300,000 and 500,000 b/d.

Kuwait Awards $4.2 Billion Contract to Develop Lower Fars Oilfield

Kuwait has awarded UAE-based Petrofac International and Greece-based Consolidated Contractors Company (CCC) a $4.2 billion contract to develop Lower Fars heavy oilfield in the north of the country.

Northern Offshore Terminates Contract with Oceanic in Nigeria

Northern Offshore Ltd. has issued a notice of drilling contract termination to Oceanic Consultants Nigeria Ltd. for the Energy Searcher.

Ithaca Energy: North Sea Facilities Near Completion

Ithaca Energy says drilling continues on the Stella Ekofisk well for the Greater Stella Area (GSA) development in the UK central North Sea.

UK Project Spending Set to Drop

Capex in the UK’s offshore sector totaled $19 billion last year, according to analysts Wood Mackenzie’s annual UK upstream review. This kept the UK in the top 10 countries for upstream spending globally.

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