Primeline Energy Holdings has started drilling operations on the LS30-3-1 well in the East China Sea. Following the plug and abandon operation of LS23-1-1 announced 28 October, Primeline’s contractor, China Oilfield Service Ltd. (COSL)…
Geocsience firm TGS is to cut staffing by a further 130, or 16%, after continuing to review its cost base amid the ongoing weak market conditions. Image from TGS. The firm says…
Petróleo Brasileiro (Petrobras) has declared Sépia Leste in the Santos basin pre-salt area to be commercial with an estimated 130 MMboe recoverable resources, offshore Rio de Janeiro. Map of the Sépia field…
Several oil and gas majors put in their bids worth more than US$907 million ($1.2 million CAD) for a chance to explore about 2.6 million hectares of the Canada-Newfoundland and Labrador offshore area, according to the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB)…
The Canada-Nova Scotia Offshore Petroleum Board received successful bids from Statoil Canada to invest nearly US$61.7 million (CAD $82 million) to explore two properties, which were part of the board's 2015 call for bids. 'We are thrilled…
Independent Oil and Gas’s (IOG) Skipper discovery in the UK North Sea received an increase of recoverable resources by 6% to 34.1 MMbbl. Map of Skipper. From IOG. Skipper, currently in the advanced stages of planning…
Italian giant Eni and the Egyptian Government entered into an agreement for three amendments for the IEOC concessions, both onshore and offshore Egypt that will see the Italian giant make an additional investment of more than US$2 billion in the next four years…
Dallas-based Kosmos Energy encountered a “significant play-extending” discovery at its Marsouin-1 exploration well, offshore Mauritania, Africa, marking its second significant natural gas discovery within eight months in the area. Map of Block C8…
Lundin Petroleum has started drilling the Selada-1 exploration well in Block PM308A, offshore Malaysia. The well will target hydrocarbons in Miocene aged sands and is located 14km to the south of the Bertam field, operated by Lundin…
Italy’s Eni encountered a new oil and condensate discovery in the Marine XII block, offshore Congo. Image from Eni. The Nkala Marine prospect is located in Marine XII block, about…
Cairn Energy spudded the first appraisal well on the SNE oil field located 100km offshore Senegal; according to joint venture partner Far Ltd. Map from Far. The SNE-2 well will…
Nigeria’s Department of Petroleum Resources (DPR) granted approval to partners Guarantee Petroleum, Sirius Petroleum, and Owena Oil & Gas to drill the proposed Ororo-2A well on the Ororo Field offshore Nigeria. The Ororo Field is located within OML 95…
Ophir Energy came up dry at the first well of its two-well drilling campaign in Block G4/50 offshore Thailand. The G4/50-10 well in located on the Soy Siam prospect, which commenced drilling using the Emerald Vantage jackup rig in October and reached a total depth of 1627m…
Houston headquartered Apache has unveiled a string of discoveries it has made in the UK North Sea which could increase its total North Sea reserve base by 50% and result in investment in new production facilities. The company says it has made two 'significant' discoveries in the Beryls area…
For the offshore floating rig market, the downturn presented the perfect storm: too many rigs, not enough demand, and with some 200 newbuilds set to enter the market over the next decade. Audrey Leon reports. The Maersk Developer…