North Sea explorer Independent Oil and Gas has seen an increase in resource estimates on two southern North Sea prospects, Elgood and Harvey, following 3D seismic reprocessing work. Harvey, initially thought to be one discovery and a nearby prospect are now thought to be linked…
Carnarvon has updated resource estimates for the Roc, Phoenix, and Phoenix South areas in the WA-435-P and WA-437-P permits, offshore Australia. “Our resource estimates are based on the successful drilling results to date and a foundation…
Woodside Petroleum's board of directors has appointed former Australian politician Ian Macfarlane as an independent non-executive director, effective 14 November. Woodside chairman Michael Chaney said Macfarlane is held in high regard…
Emerson Automation Solutions and IPRES (Integrated Petroleum Resource and Economic Service), a Norwegian provider of advanced software tools and services to the upstream oil and gas industry, have agreed to collaborate. Under the terms of the agreement…
Cypriot firm Ocean Energean Oil and Gas is to buy 100% interest in the Tanin and Karish fields in the Mediterranean Sea, offshore Israel, for US$148.5 million. Delek Group, Avner Oil Exploration and Delek Drilling have agreed to sell their 26…
Gloucestershire-based Arc Energy Resources, the weld overlay cladding and fabrication company, has acquired precision machining company CLG Engineering, based in Stonehouse, Gloucestershire. Arc Energy Resources provides corrosion-resistant weld overlay cladding services…
Gulf of Mexico-focused Deepwater oil exploration and production company Venari Resources has acquired an additional 7% stake in the Shenandoah field on Walker Ridge Blocks 51, 52 and 53. The company has also reported successful results from the Shenandoah #5 appraisal well…
Sweden-based PA Resources reported that the company's wholly owned subsidiaries, PA Resources Tunisia, Hydrocarbures Tunisie Didon, Hydrocarbures Didon Jersey and Hydrocarbures Tunisie Corporation, have executed a sale and purchase agreement with ETAP…
Significant hydrocarbon potential has been outlined in the south Porcupine offshore Ireland, according to initial results of a collaboration project between operator Providence Resources and oilfield services firm Schlumberger. Two firms…
The Norwegian Petroleum Directorate’s (NPD) updated estimate for undiscovered resources shows that the total remaining resources on the Norwegian shelf can provide a basis for oil and gas production for decades to come. Image of the Johan Sverdrup…
The US Bureau of Ocean Energy Management (BOEM) held two lease sales today (23 March) in New Orleans, amid loud protests from environmental groups. One lease sale (Lease Sale 241) attracted some US$156 million in high bids, the other sale (Lease Sale 226)…
Kosmos Energy says its Greater Tortue Complex offshore Mautitania has the potential to create a new 'world-scale' LNG development, following the results of its latest appraisal well. The firm said the results of its Ahmeyim-2 appraisal well…
UK-based explorer Cairn Energy has increased its resource estimate on the major SNE discovery offshore Senegal by 20%, with potential for it to increase further, following successful appraisal work. The deepwater field, sitting in about 1100m water depth…
HitecVision merged three oil companies into Point Resources, a robust mid-sized independent oil company focused on the Norwegian Continental Shelf (NCS). The new company will engage in both exploration, development and production on the NCS…
Houston-based Marathon Oil's Solomon exploration well in the US Gulf of Mexico has been plugged and abandoned after not encountering its lower tertiary target interval. The well reached its total depth of approximately 34,600ft on Walker Ridge Block 225…
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