Oil and Gas

In Salah Gas, a joint venture between Sonatrach, BP and Statoil today announced the start-up of its Southern Fields project. The project is the latest stage in the development of seven gas fields in central Algeria. The In Salah Gas joint venture commenced production in 2004 from three fields in the north of the area: […]

To extend licence and develop second phase of major Khazzan gas field BP and Oman Oil have signed a heads of agreement with the Government of the Sultanate of Oman committing to amend the Oman Block 61 exploration and production sharing agreement (EPSA), extending the licence area of the block and enabling a further development […]

Update on Four Mexican Onshore Concessions MX Oil, the AIM quoted oil and gas investing company, has provided an update in respect of the four Land Contract Areas it was awarded, alongside its local partner Geo Estratos, during the third phase of the Bid Round 1 Licensing Round for onshore conventional concessions in Mexico. The […]

Update on proposal for its Nigerian investment, placing and notice of GM Further to its announcement on 25 January 2016, MX Oil has issued an update in connection with the proposal it has received for its Nigerian investment in the proven Aje Field offshore Nigeria. The Directors believe a sale of its Nigerian investment is […]

Malaysian JV Plexus Products (Asia) Sdn Bhd Wins First £0.9M Well Order Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering has secured a purchase order with Talisman Malaysia Limited, which is a part of REPSOL Group (MC:REP), the integrated global […]

BP has reported its results for the full year and fourth quarter of 2015. Underlying replacement cost profit for BP’s full year was $5.9 billion, compared with $12.1 billion reported for 2014, down 51%. The underlying result for the fourth quarter was $196 million compared with $2.2 billion for the fourth quarter of 2014. Underlying […]

Completion of Infrastructure Upgrades at Shoats Creek Field Northcote has announced the completion of the planned infrastructure upgrades at the Shoats Creek Field in Louisiana. Following the completion of the infrastructure upgrades, which have been inspected and approved by the State, the field is fully equipped to support production from the LM#20 well as well […]

There are still 26 letters in the English alphabet, even if the Brits and the Yanks call the last letter by different names. Have you ever wondered which is correct? You might find it interesting that the Dictionary.com defines “zee” as “the U.S. word for “zed.” That ought to set the record straight. But, I […]

What has changed? BP today announced the appointment of Lamar McKay to the new position of Deputy Group Chief Executive. McKay, currently chief executive of BP’s Upstream segment and a 35-year veteran of BP, will be based in London and take up the role following a suitable handover period. McKay will be succeeded as Upstream […]

Russian Licence Agreement Signed with Two Oilfield Services Businesses Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has announced that on 25 January 2016 it entered into an exclusive licence agreement with LLC Gusar (OOO Gusar) Ltd, and CJSC Konar […]