Lundin Norway has found gas and oil in wildcat well 7220-11-1 on the Alta prospect in production license 609 in the Barents Sea. The well was drilled about 20km northeast of the Gohta oil and gas discovery 7120/1-3 and about 190km northwest of Hammerfest…
Houston-based exploration and production independent Endeavour International appointed a consultancy firm and recruited a chief restructuring officer. The firm, which has assets in the US and North Sea, has been struggling with debt and…
UK-based Cairn Energy and its Senegalese partners have made an oil discovery, which has the potential to be a “significant standalone development”, on the deepwater FAN-1 well. The well, drilled using the semisubmersible Cajun Express…
Colombia’s oil industry has railed against a proposed tax reform presented on Saturday to the country’s congress, Reuters reported. The proposed regime aims to raise $53 trillion Colombian pesos (just over US$26 billion) from 2015-2019. Image…
Since the first successful oil well was drilled by Shell-BP in 1956 at Oloibiri, Nigeria has acclaimed the status of Africa’s largest oil producer and the sixth largest in the world. However, the Nigerian oil and gas industry has been engulfed in challenges with few success stories…
The 2015 Offshore Achievement Awards (OAAs) have opened for entries today, with a new category added to recognize investment into the future talent of the energy industry. The prestigious awards, which are organised and hosted by the…
Abu Dhabi-based Mubadala Petroleum has spudded two more wells on the Manora field off Thailand. Drilled with Atwood Oceanics’ jackup Atwood Orca, the MNA-04 and MNA-05 wells represent the fourth and fifth wells, respectively, of a planned 15 developmental well campaign set to end 1Q 2015…
Subsea 7 awarded Trelleborg’s offshore unit a contract for phase two of the Erha North project, off Nigeria. Under the contract, Trelleborg will supply several tonnes of its high-temperature advanced silicone insulation solution, Vikotherm S1…
ExxonMobil chief executive officer Rex Tillerson spoke at the first-ever Greater Houston Partnership’s “State of Energy” event, giving his perspectives on the intrinsic ties between the energy industry and the city of Houston and highlighting North America’s…
Noble Energy will resume exploratory drilling in the Falkland Islands next year after acquiring and reviewing extensive 3D seismic of its 10 million acre-position. In late February 2014, London-based joint venture partner Falkland Oil…
Norwegian exploration and production firm Noreco is facing uncertainty after its chairman resigned with immediate effect as the firm deals with significant write-downs on reserves at key production assets. Noreco says, according to updated reservoir modeling by operator Dong Energy…
In July, total US exports of crude oil and petroleum liquids reached 138,838 thousand bbl, a 57-year high, according to monthly export data released by the US Energy Information Administration. The bulk of this, 89,241 thousand bbl (64…
Russian oil exploration giant Rosneft has said it and partner ExxonMobil have made an oil discovery on the Universitetskaya-1 well in the Arctic, despite US and European Union sanctions. Rosneft said the well, in the East-Prinovozemelskiy-1 license in the Kara Sea…
Melbourne-based mining and petroleum giant BHP Billiton and Mexican national Petroleos Mexicanos (Pemex) signed a memorandum of understanding (MOU) to exchange oil and gas-related technical knowledge and expertise. In April, Pemex announced…
The results of Mexico’s upcoming bidding round for 109 exploration blocks and 60 producing fields could be crucial in determining the country’s future position as an oil and gas powerhouse, according to an analyst with research and consulting firm GlobalData…