Petróleo Brasileiro (Petrobras) is offering nine shallow water fields located in the states of Ceará and Sergipe, in a competitive process. Image from Petrobras. The Brazilian…
While outages in Canada and Nigeria have helped a rally in oil prices, the outlook for 2017 isn't looking favorable as new projects come online, says Douglas Westwood. Matt Cook, who has authored the firm's World Drilling and Production…
Quadrant Energy’s Outtrim East-1 well has suffered a 10-day delay due to drilling challenges, offshore Western Australia. According to partner Carnarvon Petroleum, the well reached the 12-1/4in hole section at a depth of 1011m, however…
UK independent EnQuest has confirmed a discovery on the Eagle exploration well in the Greater Kittiwake area in the North Sea. Assessment of the results is underway and preliminary analysis indicates Fulmar oil bearing reservoir was…
New drilling results at ExxonMobil’s Liza discovery offshore Guyana are revealing the potential of recoverable resources to be up to 1.4 billion boe. Image from Exxon Twitter. The…
Quadrant Energy has decided to change its drilling plans in the Carnarvon Basin offshore Western Australia. The firm had proposed to drill the Palmerston-1 well. After a technical evaluations and engagement with the regulator, Quadrant now plans to drill the Driftwood-1 well…
UK-based explorer Independent Oil and Gas (IOG) expects to take Transocean's Sedco 704 semisubmersible drilling rig on contract and start drilling an appraisal well on the Skipper oil discovery in the second half of July 2016. Skipper…
Statoil has received consent from Norway’s Petroleum Safety Authority (PSA) to drill a wildcat well in the Njord field with the Songa Delta semisubmersible, a rig that the Norwegian supermajor suspended with Songa Offshore just last week…
Greek explorer Energean Oil & Gas has reached an agreement with the Ministry of Economy of Montenegro upon Hydrocarbons Exploration and Production for offshore blocks 4219-26 and 4218-30. The proposed concession contract, joint operating…
Japan's JX Nippon Oil & Gas Exploration (Malaysia) is gearing up to drill three wells offshore Malaysia after agreeing a contract for the rig for the campaign. JX Nippon is to hire the semi-tender drilling rig SKD Berani from a SapuraKencana Petroleum subsidiary…
UK-based small cap player Nordic has Energy has announced it is looking to wind up the company. The firm has instructed accountants Turpin Barker Armstrong to lead the insolvency proceedings. The Company listed on the ISDX Growth…
Shell has been cleared to resume drilling offshore Canada following a review to its procedures after an incident saw a 2km riser section drop to the seafloor. Shell was drilling the Cheshire L-97 well, in about 2000m water depth, in the Shelburne basin…
Norwegian oil major Statoil is suspending its contract for use of the Songa Delta semisubmersible drilling rig after completion of its current drilling operation. The unit is currently drilling the Slemmestad well in the Norwegian North Sea…
The Norwegian Petroleum Directorate has granted Faroe Petroleum a drilling permit for a side track appraisal well on the Brasse discovery in the Norwegian North Sea. Well 31/7-1 A side track will be drilled using the Transocean Arctic drilling facility in production license 740…
Triangle Energy entered into a deal with AWE Ltd. for 57.5% stake in the Cliff Head oil field, in the offshore Perth Basin, Western Australia. The Cliff Head oil field is located 10km off the coast of Western Australia at a water depth of 15-20m…