Northern Petroleum Plc is an oil and gas exploration, development and production company focused on the European Union and nearby areas. The Company is an operator of both onshore and offshore projects including a producing oilfield and boasts a management and technical team of the highest quality.
02/04/12
This morning, it was revealed that a delineation well will be drilled on the Zeadyus discovery in the coming months. Shell has now contracted the Stena DrillMax ICE drill-ship and work is expected to get underway ‘midyear’.
20/03/12
City analysts took a close look at Northern Petroleum today after Total’s £71 million move for venture partner Wessex Exploration put the firm in play.
20/02/12
Northern Petroleum said today it is looking for a material farm-out to move forward an exploation pregramme that includes its "very encouraging" Netherlands shale prospects and the Guyane offshore discovery.
30/09/11
Northern Petroleum chairman Richard Latham says the exploration and development costs of the Zaedyus field are well within its means.
15/07/11
Tullow reevaled today it drew a blank with its latest well off the coast of Ghana. Next up is the results from the first well on the Zaedyus block in French Guiana, which will could have major implications for Wessex Exploration and Northern Petroleum. Find out why.
13/07/11
Northern Petroleum has got more than enough opportunities to deliver significant value over the next few years regardless of the Italian near-shore drilling ban, which was announced a year ago. This morning the group repeated its view that the ban has only had a limited effect on the company’s operations.
10/03/11
Heavyweight City broker UBS today put out some very interesting research on Tullow Oil, which has some implications for two of the market’s smaller and more speculative E&P stocks.
28/01/11
The Guyane Maritime Block has attracted major interest from Shell, Total and Tullow. However two junior oil explorers and minority stakeholders in the block - Northern Petroleum and Wessex Exploration - will feel the impact most if the drilling programme there successful.
24/01/11
For some, the company may have too many moving parts, others would say it has built an unparalleled asset portfolio for a junior E&P company. Going forward, Northern’s strategy - in its simplest form - takes a two pronged approach, with the priority firmly on the Netherlands and Italy.
06/01/11
This morning the junior oil firm confirmed a new oil discovery in southern England. It laid out plans to sell its British assets last year. Now one of the City’s leading analysts thinks that Northern has strengthened its bargaining position with this excellent news.
27/09/10
Northern Petroleum announced it has begun commercial production from the Brakel field, the third of six onshore oil and gas fields in the Netherlands. Gross sales volumes are expected to be 200,000 cubic metres per day, the equivalent of 1,280 barrels of oil.
25/06/10
To this end, the company announced this morning that it had opted to divest of its UK operations, which will be handed by marketing company Envoi Limited
07/01/10
Northern Petroleum has brought its Geesbrug gas field in the Netherlands on stream, marking the start of what it said will be a period of “satisfying revenue growth.”
08/12/09
Northern sees off-shore Italy as the company’s core area and the one with greatest future potential thanks to a mix of excellent prospectivity, strong demand for domestic sources of energy and good political capital.
03/04/09
04/12/08
10/11/08
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