Acergy and Subsea 7 in merger talks

NASDAQ-LISTED ACERGY and Oslo-listed Subsea 7 are pursuing a merger deal that will see the creation of a combined entity with a combined market value of $5.4 bn.

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IEA warns of big flow drop from driling ban

THE INTERNATIONAL ENERGY Agency (IEA) estimates an extended global moratorium on new drilling could cut potential world offshore output by 800,000 barrels to 900,000 bpd by 2015.

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Angola output hits 1.7m bpd

Angola's oil production is averaging 1.7 million barrels per day, a level it would like to sustain, Oil Minister Jose Maria Botelho de Vasconcelos said today.

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Algeria lines up licensing round

The new team overseeing Algeria's energy industry will go ahead with an oil and gas licensing round this year, broadly sticking to a plan set out by their predecessors, an energy official said.

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Deepwater appraisal well completed offshore Angola

Maersk Oil has completed drilling a first appraisal well on its deepwater Chissonga discovery offshore Angola.

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