Italy-focused independent exploration and production firm Sound Oil is planning to launch a takeover of fellow independent Antrim Energy by making an offer for all Antrim's listed shares. The move, which values Calgary-headquartered Antrim's issued share capital at £6…
Statoil is paying US$350 million to take a “time-out” in its Kwanza exploration drilling program offshore Angola. The Stena Carron. From Stena Drilling. The Norwegian giant decided…
Salamander Energy and Ophir Energy have agreed the proposed terms of a deal which would see Ophir takeover Salamander. The two companies say that the move had “compelling strategic logic,” including a strong balance sheet, enhanced operating…
Drilling continues at Karoon Gas Australia’s Kanagroo-2 in the 12 ¼ in. hole section at a current depth of 1760m. The Olinda Star. From Karoon. The Kangaroo-2 appraisal well is located…
The board of directors for Mexico’s Petroleos Mexicanos (Pemex) approved a corporate restructuring plan that would see the company reorganize into two main units and five smaller subsidiaries. The national oil company said that the plan was…
At the PETEX 2014 conference in London on 18 November, Oil & Gas UK announced the kick-off of two projects aimed at stimulating exploration on the UK Continental Shelf (UKCS) and appealed for further industry participation in the 21st Century…
CNOOC Ltd. encountered a new mid-sized discovery at the Lufeng14-4 structure in the eastern South China Sea. Pearl River Mouth basin activity. From CNOOC. Lufeng14-4 is located in Lufeng…
A bid to boost exploration rates in the UK North Sea has seen the launch of two new initiatives, including a move to re-assess the potential of the central North Sea. The first is an industry-wide review, led by the Department of Energy and Climate Change (DECC)…
Cairn Energy has confirmed an oil find on the SNE-1 well offshore Senegal, but says a deeper target was dry. The SNE-1 well discovered oil in the upper clastic target, but no hydrocarbons were subsequently encountered in the deeper target…
Eni and the Turkmen State Agency for Management and Use of Hydrocarbon Resources have signed a memorandum for the possibility of extending Eni's current activities in Turkmenistan to the country's offshore sector in the Caspian Sea. Eni's…
CalEnergy’s Pryderi-1 well off Australia has come up dry and will be plugged and abandoned, according to joint venture partner IPB Petroleum. The Stena Clyde. From Stena Drilling. The…
Hess Corp. began production from the Tubular Bells field, located in the Mississippi Canyon area of the deepwater Gulf of Mexico. The Tubular Bells floating production facility. From Hess…
Eco Atlantic Oil & Gas Ltd. completed the 3D seismic survey on the Cooper block located in the Walvis Basin, offshore Namibia. The PGS vessel Ramform Vanguard, offshore Namibia. From Eco Atlantic. PGS Geophysical Ltd…
Tullow Oil is to “significantly reduce” its 2015 exploration spend and focus on its West African producing assets, including the TEN development project, amid falling oil prices. The move will see Tullow’s investment focus on West Africa…
London-based Afren spudded the Ameena East prospect located in OML 115, offshore Nigeria with joint venture partner Oriental Energy Resources. Afren workers at Ebok. From Afren. The…
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