Energean deal

Energean Oil & Gas has signed exploration and production concession contracts covering offshore blocks 4219-26 and 4218-30 off Montenegro.

Bowleven lose Hart after vote

Kevin Hart has been forced to quit as chief executive of London-listed Bowleven along with four other key executives, after shareholders voted in favour of resolutions proposed by Crown Ocean Capital, a British Virgin Islands-registered investor that owns at least 22% of the company’s stock.

Eyes on 2018 at Lancaster

Operator Hurricane Energy has signalled there is a slim chance that its Lancaster fractured basement oil development off the UK could be on stream as early as late 2018 if good progress is made, writes Rob Watts.

Paragon gets deal for rig

US-based Paragon Offshore has been awarded a short-term contract by utility Centrica for one of its rigs to carry out well plugging and abandonment work off the UK.

Fredriksen on hunt for rig assets

Billionaire shipping and offshore investor John Fredriksen is apparently on the prowl for cheap rig assets amid a drilling market slump after his holding entity Seatankers acquired the newbuild West Mira under an arbitration settlement with affiliate Seadrill, writes Steve Marshall.