Black Stallion Oil & Gas, Inc.

After years of trying to reduce gasoline production in favor of diesel, U.

Clair is located 75 km west of the Shetland Islands in 150 m of water and extends over an area of 220 km² Clair Ridge is the second phase of development of the Clair field which, with an estimated eight billion barrels of oil in place, is the largest undeveloped hydrocarbon resource on the UKCS.

The World Bank approved $700 million in investment guarantees for an offshore gas project in Ghana that will help the country address electricity shortages.

BP Plc reported a $5.

Oil & Gas UK launched Thursday new guidelines to minimize the frequency and duration of planned maintenance shutdowns and to improve the reliability and safety of installations on the UK Continental Shelf (UKCS).

Weakness in global oil benchmark Brent has prompted China to buy more crude from Africa.

With the drillship Maersk Venturer loaded out and now at the Hawkeye drilling location, offshore the Philippines, Otto Energy will spud the Hawkeye-1 well over the coming weekend.

Ecopetrol S.

U.