Eni encountered gas at the Guendalina sidetrack well offshore Italy, according to partner Rockhopper Exploration. The well, located at the Guendalina gas field in the Adriatic Sea, reached its target depth of 3276m measured depth on schedule and budget…
Shell is ceasing further exploration offshore Alaska after the company's Burger J prospect failed to prove oil, resulting in a multi billion dollar write-down. The Transocean Polar Pioneer “Shell…
Primeline Energy Holdings spudded the LS23-1-1 exploration well on 23 September to tap into resources near its LS36-1 gas field production facility, in the East China Sea. Images from Primeline Energy…
Independent Oil & Gas (IOG) has made significant progress towards drilling the Skipper well in the Northern North Sea, located in Block 9/21a, in license P1609. Image from IOG. Alpha…
ROC Oil commenced drilling operations the second of two planned exploration wells in the Bohai Bay basin, offshore China, according to joint venture partner AWE. Map of Block 09/05. From ROC. The…
ExxonMobil and partner Canadian Overseas Petroleum Ltd. (COPL) are planning to return to the waters offshore Liberia as early as next year after the duo delayed drilling plans due to an Ebola virus outbreak in the region. Map of Block LB-13…
In response to the decline in crude oil prices since mid-2014, the number of active offshore rigs has declined worldwide, dropping close to 20%, says the US Energy Information Administration (EIA). There were 304 offshore rigs operating in August 2015…
Falklands focused Argos Resources has completed a farmout agreement with Noble Energy Falklands and Edison International over license PL001 in the North Falklands Basin. The agreement will allow exploration drilling on the license, which…
The largest number of applications in an Irish offshore licensing round have been submitted in the 2015 Atlantic Margin Licensing Round. Some 43 applications for licensing options, from majors and independents, were submitted by the Friday 16 September deadline…
Karoon Gas Australia is revising its previous estimates of the Kangaroo field in the Santos basin offshore Brazil that decreases its 2C resources by nearly 39%. The Australian company is also estimating its Echidna’s light oil gross contingent 2C resource volume to be of 75 MMbbl…
On 14 September, Mexico's Finance Ministry announced the minimum acceptable bids for the shallow water development opportunities phase of Round One. Image of Round One. From CNH. Wood…
Hansa Hydrocarbons Ltd. completed a farm-out with GDF SUEZ E&P Nederland B.V. (part of the ENGIE Group) in respect of a 30% interest in its 4Quads licenses (blocks G18, H16, M3 and N1) in the Dutch North Sea. Pursuant to this transaction Hansa and GDF SUEZ E&P Nederland B…
VNG Norge has made an oil discovery in the main bore of the Boomerang exploration well offshore Norway. Well 6406/12-4S on Boomerang was drilled close to the Pil discovery and encountered a 26m gross Upper Jurassic intra-Spekk/Rogn sandstones with good reservoir properties and moveable oil…
Cairn Energy has started a new 3D seismic survey over the Sangomar Deep, Sangomar and Rufisque permits, offshore Senegal. The Polarcus Adira 3D seismic vessel is acquiring data in the north and east parts of the permits along trend from…
Mexico’s Secretaría de Hacienda y Crédito Público (SHCP) released the minimum fiscal terms that must be met by companies in order to win development rights in the second phase of Round One, scheduled for the end of September. Image…