Australia-listed Beach Energy has flowed gas at a combined rate of over 2 million cubic feet per day during testing of its Encounter-1 shale well in the South Australian Cooper basin.
Australia-listed Beach Energy has flowed gas at a combined rate of over 2 million cubic feet per day during testing of its Encounter-1 shale well in the South Australian Cooper basin.
PARIS – Total announced that it has become operator of the offshore Xerelete concession located in a promising area of Brazil’s Campos basin. The transfer of operatorship from Petrobras to Total follows a unanimous decision by the Xerelete partners and approval by the Brazilian authorities.
STAVANGER — Statoil is preparing to resume production at installations that have been affected by a strike, after the government decided to impose compulsory arbitration in the pay settlement for the Norwegian continental shelf.
LONDON – Chevron Corp. will invest billions of dollars developing a giant offshore project in a remote and technically challenging corner of the British North Sea, the latest sign that major international oil firms are being drawn back to the region as efforts to ameliorate its onerous tax regime begin to bear fruit.
LONDON – Tax changes which could free up billions of pounds for investment in the North Sea oil and gas industry have been announced by the UK government.
RIO DE JANEIRO – Petrobras completed the deck mating operation for the P-55 semisubmersible platform at the Rio Grande Naval Hub (state of Rio Grande do Sul).