The U.K.’s oil and gas reserves remain at a level which could sustain production for at least the next 20 years and beyond if additional undeveloped resources can be matured, according to the U.K. Oil and Gas Authority (OGA).OGA’s ‘UK Oil and Gas: Reserves and Resources’ report…
Three years after Tower Resources and its partners relinquished their assets in Namibia, the company has returned after signing a new Petroleum Agreement it previously promised shareholders and which gives it an 80 percent operated interest…
Irish oil and gas exploration company Providence Resources said it had encouraging reports concerning frontier exploration licence (FEL) 6/14 situated at its Newgrange offshore, some 260 kilometres off the south-west coast of Ireland.FEL 6/14 is operated by Providence Resources…
UK-based fractured basement reservoir explorer Hurricane Energy says a new competent person's report (CPR) across its Rona Ridge assets has seen an increase in its reserves estimates - by 231%. The report, by by RPS Energy Consultants…
Norwegian private equity-backed player Point Resources has completed its deal to buy ExxonMobil's operated stakes in the Balder, Ringhorne, Ringhorne East, Jotun and Forseti fields on the Norwegian Continental Shelf (NCS) and plans to invest US$2…
The UK’s remaining petroleum reserves could sustain offshore production for at least the next 20 years and beyond, if additional undeveloped resources can be matured, says the UK's Oil and Gas Authority’s (OGA). In a report “UK Oil and Gas: Reserves and Resources…
Map of Anchor, from Chevron. Houston’s Cobalt International Energy has entered into a definitive agreement with its co-owners in the Anchor development to unitize and include Cobalt’s…
Quadrant Energy is in the final stages of evaluating tenders for a semisubmersible to drill the Phoenix-3 South well offshore Western Australia in early 2018. Source: Carnarvon Petroleum The…
Seventy-seven discoveries on Norway’s Continental Shelf containing 700 MMcum were being considered for development at the start of 2016, the Norwegian Petroleum Directorate (NPD) reports. Most of these discoveries are in the North Sea…
Newcomer Point Resources has entered the playing field as a mid-sized Norwegian exploration and production (E&P) company, signing a deal with ExxonMobil to acquire the supermajor’s operated upstream business in Norway. The Jotun A…
Anadarko has hit wet Wilcox sands at its Shenandoah prospect in the Gulf of Mexico, according to partner Cobalt International. Ocean Blackhawk. Image from Diamond Offshore. The…
Chevron has discovered oil at an appraisal well at its Anchor prospect in the deepwater Gulf of Mexico, according to partner Cobalt International. Map of Anchor, from Chevron. The…
Swedish oil explorer Lundin Petroleum says its 35-100 MMboe gross resource oil and gas discovery in its Filicudi exploration well in the Barents Sea has 'significant upside potential.' The well, 7219/12-1, is in PL533, which could contain up to 700 MMboe unrisked prospective resource…
Lundin is to take a non-cash impairment charge of US$632 million after deciding to take some 170 MMboe contingent resources in Malaysia and the Caspian Sea off its books. The Sweden-headquartered explorer said it was removing the resources…
Energean has closed its deal with Delek Group, Avner Oil Exploration, and Delek Drilling for 100% stake in the I/16 Tanin and I/17 Karish leases, offshore Israel, paving the way for Energean to stick to its plan of first oil at the two fields in 2020…
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