Post Tagged with: "United Kingdom"

Source: Ashtead Technology

Forum Energy Technologies Sells Ashtead Technology

By Tyler Losier, Energy Reporter, Oil & Gas 360

Forum Energy Technologies to sell its aggregate 40% interest in Ashtead Technology for $39 million
Forum Energy Technologies Inc. (stock ticker: FET), a global oilfield products company, has entered into a

Iranian Tanker Sought by US Heading Toward Greece

Iranian Tanker Sought by US Heading Toward Greece

From The Houston Chronicle


An Iranian supertanker with $130 million worth of light crude oil that the U.S. suspects is tied to a sanctioned organization left Gibraltar and was heading east into the Mediterranean Sea on Monday, with its next …

Gibraltar Releases Captured Iranian Oil Tanker, US Makes Immediate Request to Seize Vessel

Gibraltar Releases Captured Iranian Oil Tanker, US Makes Immediate Request to Seize Vessel

From CNBC


An Iranian oil tanker held in Gibraltar since early July has been officially released by local authorities, although it may not sail if a U.S. application to seize the vessel proves successful.

On July 4, Gibraltar authorities with …

Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions

Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions

From Reuters


The Panama Canal will continue authorizing vessels coming from Venezuela provided they present the necessary paperwork, the waterway’s chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American nation should not make a …

Iran Says it Expects Tanker Held by U.K. to Be Released Soon

Iran Says it Expects Tanker Held by U.K. to Be Released Soon

From The Houston Chronicle


Iran expects an oil tanker seized by the U.K. in the Strait of Gibraltar in July will be released soon, the semi-official Fars News agency reported Tuesday, a move that could help to ease concerns about …

Iran’s President Warns Foreign Powers to Keep Naval Ships Out of the Persian Gulf

Iran’s President Warns Foreign Powers to Keep Naval Ships Out of the Persian Gulf

From CNBC


Iranian President Hassan Rouhani has told his cabinet that protecting security around the Persian Gulf is solely the responsibility of countries in the region and that other nations should stay away.

The United Kingdom is attempting to form …

Source: Hurricane Exploration

Hurricane Exploration Achieves First Oil at 20,000 BOPD from Two Wells

Combined flow from two wells reached 20,000 BOPD target
Hurricane Exploration plc, a U.K.-based oil and gas company focusing on naturally fractured basement reservoirs, achieved first oil this Tuesday, reaching its targeted production rate of 20,000 BOPD from the Lancaster

Source: Ithaca Energy Limited

Ithaca Energy Acquires Chevron North Sea Limited for $2 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Ithaca will now be second largest producer in North Sea
Ithaca Energy Limited will be acquiring Chevron North Sea Limited (stock ticker: CVX) for $2 billion, adding 10 producing field interests

ConocoPhillips Swaps UK Interests for More of Alaska

ConocoPhillips Swaps UK Interests for More of Alaska

ConocoPhillips (NYSE: COP) announced that it has entered into an agreement to sell a ConocoPhillips subsidiary to BP for an undisclosed price. The subsidiary will hold a 16.5 percent interest in the BP-operated Clair Field, with ConocoPhillips retaining a 7.5 …

Source: HRW.org

U.K. Pulls the Rug Out from Under Markets, Votes Yes on Brexit

Markets take a dive as U.K. votes to leave the European Union

In a referendum that essentially split the country, the United Kingdom voted to leave the European Union Thursday, a move most market experts did not believe would take …

U.K. Approves Western Europe’s First Fracing Permit in Five Years

U.K. Approves Western Europe’s First Fracing Permit in Five Years

The North Yorkshire County Council approved a fracing permit for an existing well

Privately held Third Energy received the first approval to use hydraulic fracturing in Western Europe since 2011 this week. The North Yorkshire County Council voted 7-4 allow …

The U.K. Awards Nearly 70 Licenses to Explore Shale

The U.K. Awards Nearly 70 Licenses to Explore Shale

New laws allow for exploration and hydraulic fracturing under national parks

The United Kingdom’s Oil and Gas Authority awarded 93 new licenses to explore for oil and gas last week. Around 75% of those exploration licenses relate to shale oil …

Environment Agency ‘Minded to Grant’ Frac Permits in Britain

Environment Agency ‘Minded to Grant’ Frac Permits in Britain

After an initial consultation, Britain’s Environment Agency (EA) said it is “minded to grant” privately-held energy firm Cuadrilla permits to frac during exploration for shale gas in Lancashire, England, reports the BBC.

The agency has issued a “draft decision” …

November 25, 2014 - 1:28 pm Fracing, International, Oil and Gas 360 Articles
Magellan Petroleum Aims to Exploit Unconventional Wells in the Gas-Hungry U.K.

Magellan Petroleum Aims to Exploit Unconventional Wells in the Gas-Hungry U.K.

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome …

January 16, 2014 - 4:49 pm Fracing, MLPs, Oil and Gas 360 Articles, Regulatory