Serica Energy has said a drilling campaign will start offshore Morocco in October. Drilling will be carried out on the Foum Draa and Sidi Moussa blocks in October, and H1 2014 respectively. The well on the Foum Draa block (operated by Cairn Energy…
A plan by ConocoPhillips (UK) and co-venturer Chevron North Sea to develop the central North Sea Enochdhu field has been approved by the UK’s Department of Energy and Climate Change (DECC). ConocoPhillips, operator, expects first production to start in late 2014…
A newly formed UK-focused exploration company has secured US$150 million of funding from Norwegian private equity outfit HitecVision. Oyster Petroleum's management team comprises of Richard Morgan as CEO, along with former colleagues Nigel Platt and David Went…
Directors of Aberdeen-based independent oil exploration and production company Bridge Energy have recommended the approval of a £103 million takeover bid from Norway’s Spike Exploration. The deal would see Spike Exploration acquire the…
A key differentiator in the proposed energy reform introduced by Mexico’s ruling party, the PRI, is its populist slant, according to a panel of speakers at a seminar hosted by law firm Mayer Brown, which explored the details of the reform…
VAALCO Energy has completed drilling an exploration well on the Ovoka Prospect (formerly Mu), in 60m water depth offshore Gabon to evaluate the Gamba reservoir and deeper Lucina formations. The zones of interest were found to be water…
Oil & Gas UK, the representative organisation for the oil and gas industry, today announces new appointments to its board. The appointments are: Eric D’Argentre, UK General Manager, Perenco UK Luke Farajallah, Managing Director…
Russian oil firm Lukoil Overseas has started drilling in deep water off the coast of Sierra Leone. The company is drilling the Savannah prospect on Block SL-5-11, using the semisubmersible Eirik Raude drilling rig, in more than 2000m water depth…
The oldest permanent production platform on the Norwegian shelf ceased production at the start of this month, after more than 39 years in active service. Ekofisk 2/4 A started producing in the Ekofisk field in the spring of 1974 and has produced 872MM boe…
Statoil has together with partners in PL128 made an oil discovery in the Svale North prospect in the Norwegian Sea, approximately nine kilometres northeast of the Norne field. Exploration well 6608/10-15, drilled by the Songa Trym semisubmersible…
Houston-based Saratoga Resources Inc. provided an update on its recent Zeke development well in Breton Sound Block 32 field. Saratoga owns and operates 10 fields along transitional coastline in protected, in-bay environments off southeastern Louisiana…
On September 9, Petróleos Mexicanos (Pemex) reported that between January and August 2013, the company unloaded a total of 11.1MMbo to satisfy the market needs of two regions in Mexico: the northern Quintana Roo area and the Yucatan. Of the 11…
The North Caspian Operating Company (NCOC), on behalf of the North Caspian Sea PSA consortium, has said the first well was opened and the initial volumes of oil are being produced from the Kashagan field. The first phase of production is from eight wells on an artificial island complex…
OneSubsea has been awarded a £65 million contract to manufacture subsea trees for BP’s west of Shetland Quad 204 project. The Quad 204 project is a re-development of the Schiehallion and Loyal fields, involving a new floating production…
Marathon Oil is to sell its 10% interest in deepwater Block 32 offshore Angola to Sonangol for about US$590 million. The firm also announced plans to repurchase US$1 billion of its common stock and buy about 4800 acres in the core of its south Texas Eagle Ford position…