In this video FAR Ltd’s managing director Catherine Norman, explains the company’s upcoming appraisal/exploration drilling program, as part of the Cairn Energy operated offshore Senegal permits. Cairn, with FAR and other joint venture partners in Senegal…
Eni is increasing its presence offshore Egypt, as the company picks up two licenses in the 2015 EGAS bid round. Image from Eni Flickr. The two exploration licenses, North El Hammad and North Ras El Esh…
Brazil’s National Agency of Petroleum (ANP) held the 13th Bidding Round for exploratory blocks yesterday (7 October) that almost mirrored Mexico’s Round One, in that the ANP was only able to sell 37 out of the 266 blocks offered. Brazil's 13th round…
As Mexico’s first offshore bidding round for already discovered fields saw bids significantly higher than the minimum set up by the government, adding further transparency to the process would be positive for the round as it approaches its deepwater phase…
Australia’s National Offshore Titles Authority (NOPTA) granted Bass Strait Oil Co. a 12-month suspension and extension for the work program and permit term or its 100% owned and operated VIC/P68 permit offshore Australia. Map of Vic/P68…
Egypt's state gas company EGAS announced the result of the 2015 international exploration Mediterranean bid round, with blocks awarded to BP, Eni, Edison and Total. In total, four blocks were awarded, with a total investment of US$306 million and a signing bonus of $10…
Resource assessments of the 2015 license round area for offshore Newfoundland and Labrador shows the potential to hold 12 billion bbl and 113 Tcf of gas in place, according to the Government of Newfoundland and Labrador, Nalcor Energy and Beicip-Franlab…
Low oil prices, falling investment and the need to transform the UK exploration and production sector were high on the agenda at SPE Offshore Europe. Elaine Maslin reflects. A packed plenary session during SPE Offshore Europe 2015…
Today, deepwater reserves are a key part of the world’s oil and natural gas needs, accounting for roughly 11% of global production. Over the past five years, two-thirds of discoveries occurred in deepwater, and Brazil has been the preeminent site of this trend…
Dallas-based Kosmos Energy entered into a deal with Atwood Oceanics that will see the exploration and production company get an extension, and a reduced rate for the Atwood Achiever ultra deepwater rig for operations offshore Northwest Africa…
Italy’s Eni won, with a 100% share a production sharing contract, to appraise, develop, and exploit the oil fields of Amoca, Miztón e Tecoalli, located in the Area 1 in the Campeche Bay, offshore Mexico, following an international auction held on 30 September in Mexico City…
Nine bidders made up of individual companies and consortia bid in Mexico’s Round One, phase two today (30 September), in what Mexico's National Hydrocarbons Commission (CNH) is calling a success with three out of five winning bids in the shallow water areas of the Southeast basin…
Lundin Norway encountered oil at two appraisal wells at the Alta discovery in the Barents Sea that proved important for the eastern flank Alta, and will result in further exploration in the area. Map of the appraisal wells…
The Bulgarian Ministry of Energy awarded Shell E&P a permit for deepwater exploration of oil and natural gas in Blocks 1-14 Silistar in the Black Sea, according to Energy Minister Temenuzhka Petkova. Image from Shell…
Brazil’s Petróleo Brasileiro (Petrobras) discovered high-quality light oil potential at the third well in the Carcará pre-salt discovery area offshore São Paulo. Carcará map. From Petrobras. The third well…