In 2013, Brazil produced 2MMb/d of crude oil and nearly 1Tcf of gross natural gas. Within these figures, the share of production from presalt resources found under thick layers of salt thousands of feet below the ocean's surface remains small but continues to increase…
Mexican national oil company, Petróleos Mexicanos (Pemex) took delivery of its first of two KFELS B Class jackup rigs from Singapore’s Keppel FELS. The Yunuen jackup. From Keppel. The…
Lundin Norway received consent from the Petroleum Safety Authority of Norway (PSA) for exploration drilling at the Gemini prospect in the Central North Sea. The Island Innovator. From Island Drilling…
Nigeria-based Seplat Petroleum Development confirmed Afren’s “highly preliminary approach” regarding a possible merger of the two companies made on 22 December. Image from Afren. In a statement released by Seplat…
UK independent explorer Trapoil has been forced to give up a string of licenses in the North Sea after failling to find farm-in partners to help fund work. The firm, which last year cuts its staff and saw its founders leave, 'to maintain value…
Lundin Petroleum has announced a US$1.45 billion 2015 development, appraisal and exploration budget - representing a 31% drop compared to its forecast 2014 spending. Spending on development projects will drop about 30%, to $980 million…
Petrobras has made new oil discoveries in the Espirito Santo Basin, offshore Brazil, according to exploration partner Inpex. The discoveries, in the BM-ES-23 concession, 115km off the coast of the State of Espirito Santo, southeastern Brazil…
Exploration drilling has started on the Tvillingen South prospect in production license 510 in the Norwegian Sea. The prospect is located on the Haltenbanken in the Norwegian Sea, approximately 28 km southeast of the Kristin field. The well…
Underground coal gasificatoin (UCG) focused firm Cluff Natural Resources (CLNR) has taken on an environmental and planning consultant for its proposed Kindcardine project in the Firth of Forth, Scotland. Environmental Resources Management…
While positive measures have been taken to attract investment in the UK’s exploration and production (E&P) sector, low oil prices and the country’s high tax burden mean that more significant changes are required to make new developments commercially viable…
Lundin Petroleum's exploration well 25/10-12S on the Kopervik prospect is being plugged and abandoned as a dry hole. The well was drilled in production license 625, 175km west of Haugesund on the Norwegian west coast and about 20km northwest of the Johan Sverdrup discovery…
Production testing on Karoon Gas Australia's Kangaroo-2 appraisal well offshore Brazil saw flow rates reach 3700 stb/d on a choke, says the firm. The Kangaroo-2 appraisal well, in exploration Block S-M-1165, in the Santos Basin, confirmed…
Oilfield services firm AGR has been awarded a three-year well management services contract with options with Edison Norge, supporting Edison across its operating licences, including the its first operated exploration well on the Norwegian Continental Shelf (NCS)…
Five companies have been awarded licenses covering 10 exploration blocks in the Adriatic Sea in Croatia's first licensing round. The round had offered 29 blocks in the eastern Adriatic Sea covering a total of 36,822sq km. Bids were received from six companies for 15 exploration areas…
Oil shows were found on the Jawkara-3 well in the Sfax Offshore Exploration Permit, off Tunisia, according to Norway-based oil and gas explorer DNO. Jawhara-3 well vertically drilled to a total depth of 2815m by DNO and state-run Entreprise Tunisienne d'Activités Pétrolière…
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