Eni says it has successfully executed the appraisal campaign for the Agulha discovery, located in Area 4 offshore Mozambique. Area 4 is now thought to contain about 85Tcf of gas in place. The delineation was carried out through the Agulha 2 well…
Australia's ADX Energy has won 100% stake in an exploration permit offshore Italy, which it will operate through its wholly owned Italian subsidiary. The offshore exploration permit d 363 C.R-.AX was awarded by the Italian Ministry of…
W&T Offshore Inc. subsidiary, W&T Energy VI, acquired Woodside Energy's deepwater Gulf of Mexico assets for US$51 million, the company announced on 20 May 2014. The transaction includes a 20% non-operated working interest in the producing Neptune field (Atwater Valley Blocks 574…
The Atwood Eagle semisubmersible drilling rig has been mobilized to the Phoenix South-1 well location within the WA-435-P exploration permit, off Western Australia. Perth-based partner Carnarvon Petroleum Ltd. said that operator Apache Energy Ltd…
A subsidiary of Genel Energy is preparing to start drilling the Hagar Qim-1 well offshore Malta after the rig for the program was accepted under contract. The Noble Paul Romano (pictured) set sail for Block 7, in Area 4 offshore Malta…
Energean Oil & Gas and Mediterranean Oil & Gas have jointly submitted a bid for the exploration and production of hydrocarbons in three areas offshore Montenegro, as part of the country's first offshore licensing round. The First Round…
Norway’s state oil firm Petoro has said it wants to double the number of wells on the Norwegian Continental Shelf and halve their cost in order to realize the great potential of discoveries and existing fields in the Norwegian State’s Direct Financial Interest (SDFI) portfolio…
Poor weather and high costs have impacted Q1 exploration and appraisal drilling activity on the UK Continental Shelf, according to a report by Deloitte. The report, which details activity across North West Europe during Q1, was compiled by Deloitte’s Petroleum Services Group (PSG)…
Doubt still hangs over Statoil’s Barents Sea Johan Castberg project after the firm made an oil and gas discovery in its fifth and final exploration program around the field. The latest well, 7220/7-3 S, was on the Drivis prospect in production license (PL) 532…
A farm-out agreement between Tangiers Petroleum and Galp Energia has been approved, paving the way for the partnership to spud the TAO-1 offshore Morocco in June. Under the agreement, Galp is due to reimburse Tangiers' US$7.5million for back costs…
The Danish Energy Agency (DEA) has launched the country's 7th North Sea Licensing Round, covering the Central Graben, where the majority of Danish fields have so far been discovered, and areas further to the east, where oil discoveries were made in the 6th Licensing Round…
Tullow Oil's Tapendar-1 exploration well in the C-10 license, offshore Mauritania, has not encountered hydrocarbons and the well is being plugged and abandoned. Tapendar-1 is the second exploration well in Tullow’s Mauritania exploration campaign…
A 6th generation DP semisubmersible, Pemex's Centenario GR is capable of drilling in 3000m water depth. More than 85% of the rigs working offshore Mexico are classed by ABS. image source: Grupo R After 75 years of monopoly…
Marine geophysical company Polarcus completed a 3000sq km 3D sesmic survey in license area EL 0037 in the Walvis basin offshore Namibia for operator Tullow Oil. A second 2D acquisition phase has now started. It will cover approximately 1000km and will take about two weeks to complete…
Statoil and its partners have made a 20-75MM boe gas and oil discovery in the Valemon Nord prospect in the Norwegian sector of the North Sea. The discovery wells 34/10-54 S and 34/10-54 A, in production license 050, drilled by the semisubmersible drilling rig Transocean Leader…