Lundin Petroleum has announced that it has entered into a committed short term revolving credit facility (RCF) of US$300 million and received additional commitments of $135 million under the reserve-based lending (RBL) facility accordion…
Carnarvon Petroleum has announced that operator Quadrant Energy has spud the Roc-1 well on 24 November 2015. Drilling is expected to reach 4700m total depth, and take about 35-40 days trouble free. Well logging and sidewall coring is expected to take about 5-10 days on success case…
The University of Houston (UH) petroleum engineering program – started in 2009 with just 20 undergraduate students – has been elevated to a full department within the UH Cullen College of Engineering. The move was announced this month. The new department…
African focussed exploration and production firm Addax Petroleum has extended its contract with Malaysia's Yinson Holdings for use of a floating production, storage and offloading (FPSO) vessel. The Knock Adoon FPSO has been working on the Antan field offshore Nigeria…
African Petroleum, an independent oil and gas exploration company, is seeking strategic partners on its ten licenses in Côte d’Ivoire, Liberia, Senegal, The Gambia and Sierra Leone in order to share risk and potential reward of their exploration program…
Wintershall, a 100%-BASF subsidiary, plans to optimize its portfolio by selling to Tellus Petroleum its interest in assets in four non-operated fields in a US$602 million deal. The fields include Knarr (where Wintershall owns a 20% interest)…
The Petroleum Bill and suite of associated regulations as well as a sovereign wealth bill have been put before the Bahamian House of Assembly for their second readings on 20 May, Bahamas Petroleum Co. announced. Image from Bahamas Petroleum…
Bruce Crager profiles some of the floating production vessels already being used offshore Mexico, and highlights what is yet to come. FPSO Yùum K’ak’Náab is currently operating in the KMZ oilfield in the Bay of Campeche…
Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, entered into an agreement to farm-out a 30% working interest in PL338C to Lime Petroleum Norway. PL338C contains the Gemini prospect, which is currently being drilled with the Island Innovator rig…
Norway's Ministry of Petroleum has welcomed interest in its latest Awards in Pre-defined Areas licensing round, despite the expection that future discoveries in the area will be smaller than in the past. Stakes in some 54 new production…
African Petroleum signed a non-binding term sheet agreement with a private London-based independent oil and gas company to farm-in to African Petroleum’s 100% owned Liberian LB-08 license. LB-08 is situated in a highly prospective region offshore Liberia…
The Minister of the Environment and Housing announced that a new Petroleum Act and a suite of regulations to guide and govern oil exploration in The Bahamas has been completed and is now to be placed before the House. Map from Bahamas Petroleum…
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…
Nearly 50 companies have made applications for licenses in the Norwegian government's lates licensing round. The deadline for applications ended September 2. Norway's Ministry of Energy and Petroleum said applications had been received…
Lime Petroleum Norway, a jointly-controlled entity of Malaysia-based Hibiscus Petroleum Berhad and Singapore-based Rex International, surrendered three licenses in the North Sea, following the deadline for a drill or drop decision by 23 July 2014…
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