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…
Jerry Lee reports on all the exploration and production activity currently ongoing in the Mediterranean and North Africa. The Maersk Discoverer drilling in Egypt’s East Mediterranean Sea. Photos from BP…
The Mediterranean and North African region is largely considered to be a promising frontier oil and gas area, and yet, border tensions, and internal disputes have seriously held back exploration efforts. Audrey Leon surveys the prospects…
Primeline Energy’s LS23-1-1 well showed little potential for commercial production, offshore China. The company will now continue with the exploration drilling program for the LS30-3-1. Image from Primeline…
US supermajor Chevron announced in its Q3 results that it expects to make further workforce reductions in the realm of 6000-7000 in an effort to cut costs. The company’s earnings this quarter were better than anticipated, according to analysts Simmons & Co…
Houston-based ConocoPhillips has made the strategic decision to drop out of its deepwater exploration program by 2017, despite a significant program that the company is executing in 2016. Ekofisk…
Following the success of its 2012 and 2014 bidding rounds, the Ministry of Mines, Industry and Energy of Equatorial Guinea has announced it will launch a new bidding round for all remaining deep and ultra-deepwater blocks in 2016. Two…