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      Oil company, Windsor at odds over planned drilling site

        Great Western Oil and Gas Co. no longer wants to comply with Windsor's regulations for drilling operations, Mayor John Vazquez said Monday,...

      Rosneft discovers oil at offshore Arctic well

      Rosneft has completed drilling at the Universitetskaya-1 well in the Arctic and discovered oil at the East-Prinovozemelskiy-1 licence area in the Kara Sea.  ...

      Statoil declares Arctic gas find non-commercial

      STAVANGER, Norway -- Operator Statoil has together with PL713 partners made a gas discovery in the Pingvin prospect in the Barents Sea. The discovery...

      Oyster Petroleum to buy 25% stake in UK Central North Sea licence

      Exploration and production firm Oyster Petroleum has entered into a farm-in agreement to acquire a 25% interest in licence P.1948 in the UK...

      Fracking boss bribes locals with promise to share of natural gas income if they agree to drilling under their homes

      Offer means landowners and communities could get £2.5billion over next twenty years Landowners would receive 4 per cent of...

      Cairn Energy sells 10% stake in UK Catcher oil field to Dyas

      Cairn Energy has sold a 10% stake in its Catcher development in the North Sea and nearby fields to Dyas UK for approximately $182m....

      Arup’s ACE platform nears installation on Xcite’s Bentley Oil Field

      Arup is close to installing the Arup Concept Elevator (ACE) platform on Xcite Energy Resources' Bentley Oil Field located in the UK section of...

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      Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

      Falling oil prices and collapsing profit margins are driving the industry to lower costs. Reducing labor costs and gaining supplier concessions can help, but...

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      It's s time for operators developing North America's  unconventional oil and gas reservoirs to embrace a new business model. Today, the typical business model...