Australia's Tangiers Petroleum says it intends to exit the Tarfaya Block off Morocco after the Tao-1 well showed dry and exceeded budget. The Tarfaya block is the company's only holding in Africa. The company is now faced with either…
Norwegian Seismic acquisition and processing firm Electromagnetic Geoservices (EMGS) has increased its stake in exploration firm North Energy to nearly 10% as part of a loan deal. The NOK75 million convertible bond loan secured EMGS addtional shares in North Energy…
China National Petroleum (CNPC) and Cupapetroleo (CUPET) signed a framework agreement to increase crude output and production sharing and a cooperation agreement on drilling services in Havana, Cuba on 22 July. Under the agreements, CNPC…
African Petroleum Corp. announced that it has entered into an agreement with Buried Hill Africa Ltd. to farm-out a 10% interest in Block CI-509 offshore Côte d’Ivoire in return for Buried Hill funding 21.1% of the cost of the next exploration…
Minexco Petroleum Inc., the African focused private Oil and Gas Exploration Company, provided details of the petroleum agreement between its subsidiary AGM Petroleum and the Ghana National Petroleum Corporation (GNPC), for their joint project in the South Deepwater Tano Basin…
Ophir Energy has entered into an agreement with Australian explorer WHL Energy to acquire a 75% operated interest in Blocks PEC-5B/1 and PEC-5B/2 offshore the Seychelles Islands in the Indian Ocean (pictured). In exchange for the acquired interest…
Gazprom and LUKOIL have signed a cooperation agreement on the prevention of and response to emergencies caused by oil and petroleum product spills offshore, including performing joint emergency exercises. The companies agreed that in…
Statoil ended a joint license agreement with Bahamas Petroleum. Bahamas Petroleum says Statoil is dropping its involvement in the agreement following its exploration successes elsewhere and a subsequent review of its global portfolio…
Kosmos Energy has entered into three farm-out agreements with BP plc covering three blocks in the Agadir Basin, offshore Morocco. Under the agreement, BP will pick up 30% non-operating interest in Essaouira, 26.325% in Foum Assaka, and 45% in Tarhazoute…
Chevron Corporation today announced that its Australian subsidiaries have signed binding long-term sales and purchase agreements (SPAs) with Tohoku Electric Power Company, Inc. to supply LNG from the Chevron-operated Wheatstone Project in Western Australia…
Australian exploration firm WHL Energy is to apply for an amendment to its petroleum agreement with Seychelles petroleum industry regulator PetroSeychelles, leading to renewed farm-out talks. The proposed amendment is an extension to agreed work program commitments…
Chevron grabs 75% stake in 3 deepwater areasClick to view larger mapChevron subsidiary, Chevron Morocco Exploration Ltd, has signed petroleum agreements with Morocco's Office National Des Hydrocarbures Et Des Mines for three offshore areas…
AGR’s Petroleum Services in three-year accordPetroleum Services, part of AGR has been awarded a well management contract from independent Norwegian E&P company Noreco.The agreement commenced January 1, 2013 and includes well management services for an initial 3 year period…
Total has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately US$2.5 billion in cash, the company announced on 19 November 2012…
The Society of Petroleum Engineers and Getenergy are working together to bring providers of education, training and national workforce development to their respective global oil and gas industry events under a three-year agreement commencing in June 2012.
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