Latest News | Rocksolve Technology
Maersk agrees to sell oil unit to Total in $7.45 bln deal
Total is buying Maersk Oil in a $7.45 billion deal which the French oil major said would boost its earnings and cash flow, and bolster its dividend prospects.
World's hottest borehole nearly complete
Geologists in Iceland are close to completing the worlds hottest borehole.
Fracking in Lancashire given go-ahead by government
Horizontal fracking can go ahead, the government has said, in a landmark ruling for the UK shale gas industry.
Maersk Oil eyes Shell's North Sea assets ahead of spin-off
A.P. Moller-Maersk is in talks to buy a portfolio of North Sea assets from Royal Dutch Shell as the Danish group considers adding scale to its oil and gas business ahead of a planned spin off,
Putin calls for oil production freeze, with exemption for Iran
Russian President Vladimir Putin has called for the world’s largest oil producers to freeze the flow of oil into the oversupplied global market, but said Iran should be offered an exemption as it recovers from years of sanctions.
Petrobras sets new monthly production record
Petrobras has announced that its total oil and natural gas production in June was 2.90 million barrels of oil equivalent per day (boed), a new monthly record for the company, beating its previous record of 2.88 million boed, set in August 2015.
Exxon's Guyana Discovery may be twice as large
Exxonmobil's Liza-1 well discovery is estimated to be possibly twice as large - 1.4 Billion barrels. The implications for Hess (30% owner) is that this may result in a 39% boost to its current proved reserves.
Enquest announce discovery offshore UK
Enquest announces the eagle exploration well as a discovery. This demonstrates the need to continue searching for new oil in mature basins. At Rocksolve, we are glad to work with exploration teams to deliver more such discoveries
France's Total wins stake in Qatar's Al-Shaheen oilfield
Total has won a 30 percent stake in a new 25-year contract to operate Qatar's largest offshore oilfield, in the second major upstream development deal for the French oil firm in the Gulf region in as many years.
EIA: global oil supply disruptions reach highest level on record
Unplanned global oil supply disruptions averaged more than 3.6 million barrels per day (b/d) in May 2016, the highest monthly level recorded since EIA started tracking global disruptions in January 2011.
OPEC fails to agree policy but Saudis pledge no shocks
OPEC failed to agree a clear oil-output strategy on Thursday as Iran insisted on steeply raising its own production. Saudi Arabia promised not to flood the market and sought to mend fences within the organization.
UK Approves First Fracking Permit
The North Yorkshire County Council approved an application for the first shale gas hydraulic fracturing (fracking) permit in Western Europe since 2011.
Canada wildfire: Oil workers urged to leave Fort McMurray camps
Around 12,000 people have been urged to leave Canada's oil sands camps near the fire-hit town of Fort McMurray as a resurgent wildfire heads towards them.
Maersk says risks losing Qatar field; its largest oil asset
Maersk, who have developed Qatar’s largest oil-producing field for nearly 25 years has acknowledged that its time on the project may be coming to an end.
Halliburton and Baker Hughes abandon $34.6bn takeover
US oil services companies Halliburton and Baker Hughes have called off their proposed merger after resistance from regulators in the US and Europe.
Saudi Arabia: Saudi Aramco value to top $2 trillion
Saudi Arabia expects state oil company Saudi Aramco to be valued at more than $2 trillion and plans to sell less than 5 percent of it through an IPO, Deputy Crown Prince Mohammed bin Salman said on Monday.
Angola Overtakes Nigeria As Africa’s Top Oil Producer
Latest statistics from OPEC have shown that Angola has overtaken Nigeria as Africa’s top oil producer.
Premier Oil announces first oil from the Solan field
Premier Oil has announced that first oil from the Solan field, located West of Shetland,
Is Nevada on the verge of a lithium rush?
More and more lithium is needed to keep up with the growing demand generated by increasing electric vehicle sales.
Denmark Aims to Solve North Sea Gas Problems with Maersk
The Danish government said it would try to find an economically viable solution for the Tyra Field after Maersk threatened to shut the field down.
BGS to assist with hydrocarbon exploration in Isle of Man seas
The BGS has been selected as hydrocarbon technical advisors for the development of the Offshore Energy Strategy.
Geothermal Energy Helps Power Kenya's Future
Kenya is now one of the world leaders in geothermal energy and is planning to expand further
PESGB Geophysics SIG Survey
Survey yielding some interesting and timely results on what you want from the group
The Downturn and Young Professionals
Is the industry downturn good news for younger workers?