Octanex has declared the location over the Ascalon gas discovery in Southern Bonaparte Basin, offshore Western Australia, where the company intends to obtain a retention lease.

Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah’s billions of barrels of oil sands.

After just four years in production, the Peregrino field in the Campos basin offshore Brazil has passed a significant milestone, with 100 million barrels of oil produced since April 2011.

TransCanada Corp.

The Gorgon Project is more than 90 percent complete.

Halliburton announced Sunday that it has certified substantial compliance with the U.

Shell has kicked off drilling operations in the Chukchi Sea, offshore Alaska, using the Transocean-owned Polar Pioneer drilling rig.

A month ahead of the publication of Oil & Gas UK’s Economic Report 2015, Deirdre Michie, chief executive, Oil & Gas UK, comments on a basin in the midst of reform:“Recent provisional figures from the Department for Energy (DECC) suggest that oil and gas production from the UK Continental Shelf (UKCS) over the first six months of this year could be 2.

With deals extending into the Scottish energy sector, Edinburgh said it secured more than $80 million in partnerships following an outreach effort in China.

British oil giant BP has reportedly suspended production from the Shah Deniz offshore field in the Caspian Sea.