Mozambique is looking forward to some US$691 million spending on exploration after naming successful bidders in its fifth licensing round. ExxonMobil, with partner Rosneft, has led the pack in bids to win new acreage, including deepwater areas…
Galp Energia entered into an agreement with the Government of São Tomé and Príncipe, and Kosmos Energy for the award of Block 6 offshore São Tomé and Príncipe, offshore Africa. Galp Energia will be the operator of the block with 45% interest…
Drilling on the Spanish Point area offshore Ireland is now scheduled for 2017, according to partner Providence Resources, which is now looking to farm-out some of its 58% interest in the license. Spanish Point, in Frontier License 2/04 and 4/08…
The joint venture of Zarubezhneft and Petrovietnam Vietsovpetro made a commercial discovery of the Sturgeon field offshore Socialist Republic of Vietnam. Map of Block 09-3/12 (the greyed area)…
China’s CNOOC discovered a mid-sized oilfield at the Caofeidian 6-4 oil structure, offshore China. Bohai map. From CNOOC. The Caofeidian 6-4 structure is located in the western…
The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) granted Shell Canada the approval to begin its Shelburne Basin Venture Exploration Drilling Project, offshore Nova Scotia. The Stena IceMAX…
UK-based Ophir Energy commenced its two-well drilling campaign in the Gulf of Thailand with the spudding of the G4/50-10 exploration well on the Soy Siam prospect. Image: Offshore Thailand / Ophir…
No hydrocarbon show at the ROC Oil-operated block 09/05 in the Bohai Bay basin in China, says joint venture partner AWE Ltd. The well, QK12-3-1D, which is now preparing for abandonment, is the second of the two planned exploration wells in the block…
AziLat Ltd. announced that it has entered into a transaction with OGX Petróleo e Gás S.A., to acquire OGX’s full interest in two blocks, offshore Brazil. The blocks are located in the Ceará basin and the Potiguar basin in the equatorial…
MEO Australia’s exploration portfolio will be getting thinner next year, as the company announced it will drop out of three Australian blocks in the next six months due to high risks and minimal potential. Map of Beehive…
Lundin Petroleum has started drilling exploration well 16/1-25 S on the Rolvsnes prospect in PL338C about 6km south of the Edvard Grieg field in the Norwegian sector of the North Sea. Well 16/1-25 S will explore the Rolvsnes area, between the Edvard Grieg field and the Luno II discovery…
Noble Energy has recorded oil and gas shows in the 53/02-01 Humpback exploration well, according to partner Falklands Oil and Gas (FOGL). The 53/02-01 well was drilled to 4718m with the oil and gas shows in the main target horizon and…
In Repsol's 2016-2020 Strategic Plan, unveiled today, the company vowed to cut spending by 38% and divest US$7.1 billion (€6.2 billion) in non-strategic assets. The company said it expected to make half of those divestments in the next two years…
Russia’s Lukoil discovered natural gas pay at its deepwater Lira field in the Black Sea, offshore Romania. The Transocean Development Driller II. Image from Lukoil. The Lira-1X…
E.ON is divesting 100% of its Norwegian exploration and production (E&P) business in a US$1.6 billion deal with Germany’s DEA Deutsche Erdoel AG. Image from E.ON. Upon the terms of the contract…