Tullow Oil plc has acquired a 50% operated interest in six adjacent licences covering the East African Rift Basins of Kenya and Ethiopia, an area of 97,000 sq km ...

The effect of the continuing credit crunch last summer meant that North Sea field development activity was down last year, but the steadying of the price this spring has led to projects being dusted off in both the UK and the Norwegian sectors . . .

Husky Energy announced that a purchase agreement has been signed to acquire natural gas properties in west central Alberta ...

BP's Macondo oil spill in the deepwater Gulf of Mexico has spurred the nearby Bahamas Islands to put a halt to consideration of oil exploration drilling in its waters ...

Apache and Santos plan to develop the Halyard find and bring the field offshore Western Australia online in mid 2011, partner Santos said on 30 August 2010 ...

On 27 August 2010, the Norwegian Petroleum Directorate called the Sleipner area a 'good example of a mature area' on the Norwegian shelf of the North Sea where the awards in predefined areas system and the entry of new companies have been a success ....

Gran Tierra Energy Inc. has completed initial testing of the Moqueta-2 delineation well in the Moqueta new field discovery on the Chaza Block in the Putumayo Basin, Colombia ...

The Norwegian Petroleum Directorate granted drilling permits to Statoil and Total, the agency said on 26 August 2010 ...

INPEX CORPORATION has been granted approval by the authority of the Government of the Democratic Republic of Congo (DR Congo) to acquire a 20% participating interest of the Nganzi Block ...

CNOOC became the operator in three Beibu Gulf fields offshore China after signing a supplemental development agreement (SDA) for the fields, field partners said on 25 August 2010 ...

Lundin Petroleum said at a briefing at ONS on 24 August 2010 that the Nemo, Krabbe and Luno projects are nearing plan for development and operation (PDO) status ...

With four fast-track developments on schedule, Statoil has upped its ambitions and added three new projects to the roster, the Norwegian company said 24 August 2010 ...

Norwegian Energy Company (Noreco) is acquiring 10% of BG Norge’s interest in PL392 in the Norwegian Sea through a carry of drilling cost, Noreco said 23 August 2010 ...

Keppel Shipyard secured a $37 million contract to modify the FPSO OSX-1, owned by OSX 1 Leasing

Sevan Marine and E.ON Ruhrgas UK have extended the current letter of intent for the lease of the FPSO Sevan Voyageur for the Huntington Project until 1 October 2010 ...