Industry Developments

A report commissioned by Cuadrilla Resources has found that horizontal fracturing was the probable cause of earth tremors in north west England. Although the findings are unlikely to... 2011-11-03

UK independent Hurricane Exploration announced on November 1 2011 that it had completed testing operations at its Whirlwind discovery well offshore the UK, in West of Shetland (WoS)... 2011-11-02

Royal Dutch Shell has posted another bumper set of results for Q311. The oil major's bottom line was boosted by high realised oil and gas prices, despite a slight fall in production.... 2011-10-28

Eighteen months after the Deepwater Horizon rig explosion, which resulted in the worst-ever oil spill in the US, the European Commission (EC) has proposed a tightening of rules governing... 2011-10-28

Studies carried out by the government of Spain's Basque region have uncovered about 185bn cubic metres (bcm) of shale gas-in-place, the autonomous region's president, Patxi Lopez, was... 2011-10-26

An excellent set of results in Q311 reflect slightly higher production and a very healthy realised oil price over the quarter. The quarterly update also reveals that BG Group is on... 2011-10-25

UK major BP announced its Q311 financial results on October 25 2011.

Statoil's second revision of its contingent resource estimate at the giant Aldous discovery suggests that the prospect may hold as much as 1.5bn boe. This implies that recoverable... 2011-10-24

BMI View: Ireland's latest offshore acreage awards fits into the larger trend of cash-strapped European countries encouraging upstream investment, in the hopes of eventually lower energy... 2011-10-21

Statoil's latest appraisal of Aldous points to an even larger reserve estimate at the combined Aldous/Avaldsnes prospect. The find is likely to slow the decline in Norwegian oil production... 2011-10-18