Agriterra receives $28 million as it exits Ethiopia Licence
Agriterra (LON:AGTA) has completed the assignment of its 20% interest in the South Omo Block to Marathon Oil and has received a payment of US$28million (plus closing adjustments), from Marathon Oil.
Northern Petroleum and Wessex Exploration eye second Guyane Maritime well
Shell has begun drilling the second of four wells planned in the Guyane Maritime Permit in French Guiana.
Northern Petroleum sets sights on second well on Guyane Maritime permit
Northern Petroleum (LON:NOP) has confirmed that the Stena Drillmax ICE drillship has begun work on the second well on the Guyane Maritime permit.
Plexus signs up ENI and Oil States for subsea wellhead project
Oil and gas engineering services business Plexus (LON:POS) has signed up more major oil companies as consulting partners on its Joint Industry Project (JIP) to develop and commercialise a new and safer subsea wellhead.
David Bramhill quits Wessex Exploration
Well known oil industry executive David Bramhill, has quit his role as non-executive chairman of AIM quoted Wessex Exploration (LON:WSX) with immediate effect.
Wessex Exploration looks ahead to further drilling in French Guiana
Wessex Exploration, the AIM quoted oil and gas explorer with a stake in the discovery of a new basin offshore French Guiana, has released more details about plans for further exploration on the licence.
Northern Petroleum and Wessex eye next stage drilling in Guyane
The two AIM quoted oil and gas players that hold minority interests in the potentially significant Zaedyus oil discovery in Guyane, said today that further drilling on the licence had been slated for later this year.
Tower Resources secures funding for Uganda well after Global Petroleum opts out
Tower Resources (LON:TRP) is set to go it alone with drilling its next well in Uganda after fellow oil firm Global Petroleum (LON:GBP) confirmed that it would not be taking part in the project.
Wessex Exploration and Northern Petroleum cheer Tullow success in French Guiana
Wessex Exploration (LON: WSX) and Northern Petroleum (LON:NOP) were celebrating today after a wildcat exploration well offshore French Guiana struck oil.
Northern Petroleum begins extended well test at Markwells Wood
Northern Petroleum (LON:NOP) has started operations for an extended well test of its Markwells Wood oil discovery in West Sussex, UK.
Solo Oil encouraged by production progress on Ausable field in Canada
AIM listed oil and gas company Solo Oil (LON:SOLO) has reported “significant” progress on the development of its Ausable Field joint venture in Ontario, Canada. Work is currently under way on the field to optimise oil and gas production from new and existing wells using advanced technology.
