Baron Oil News

 

Baron Oil Gets Six-Month Extension for Chuditch PSC Offshore Timor-Leste

Jun 02, 2023

Baron Oil's subsidiary SundaGas, which operates the Chuditch PSC, offshore Democratic Republic of Timor-Leste, has been granted a further six-month extension to Contract Year Two of the PSC by the relevant Timor-Leste national authority, Autoridade Nacional do Petróleo e Minerais ('ANPM')…

Baron Oil Says Its Timor Leste Offshore Block Could Hold More Gas Than Initially Thought. Targets First Gas in 2028

Oct 24, 2022

The AIM-quoted oil and gas exploration and appraisal company Baron Oil said Monday that its Chuditch Production Sharing Contract, offshore Timor-Leste could hold much more gas than previously estimated.According to the company,  per the preliminary…

What Goes Around Comes Around - Sale of Ex-Sanko Energy Firming AHTS Values

Apr 25, 2022

Those who are old enough (or young enough) to remember Justin Timberlake’s poignant lyrics, ‘What goes around, goes around, goes around, comes all the way back around’, will appreciate their significance and relatability to the offshore oil and gas market…

Baron Oil Beefs Up Stake in Promising North Sea Block

Oct 11, 2021

Baron Oil has officially increased its stake in a UK North Sea offshore block containing the Dunrobin prospect, dubbed one of the few remaining sizeable undrilled UK North Sea targets.Baron Oil said back in August that oil companies Corallian and Upland…

Baron Oil Increases Stake in UK Offshore Block Containing Promising Dunrobin Prospect

Aug 20, 2021

Baron Oil has increased its interest in a UK North Sea offshore block containing the Dunrobin prospect, dubbed one of the few remaining sizeable undrilled UK North Sea targets.Baron Oil said this week that Corallian and Upland, its partners…

Hermitage Offshore Services Files for Chapter 11

Aug 12, 2020

Offshore vessel owner Hermitage Offshore Services, hit by prolonged low oil prices and business fallout from the coronavirus pandemic, said it has voluntarily filed for reorganization under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York…

Large E&P Firm Shows Interest in Corallian's Offshore Block

Apr 29, 2020

Corallian Energy, with its partners Upland Resources and Baron Oil, has signed a work-sharing agreement with a 'large European E&P company' that might lead to a farm-out of a stake in the offshore license P2478 in the Inner Moray Firth, Scotland…

New Leadership at Exmar After Chairman Bodson Dies from COVID-19

Apr 17, 2020

Belgian shipping and offshore company Exmar outlined its leadership succession plan following the April 4 death of board chairman Baron Philippe Bodson due to the novel coronavirus.Nicolas  Saverys,  previously  CEO  of  Exmar,  will  take  up…

Corallian Spuds Wick Well

Dec 27, 2018

Private U.K. oil and gas exploration and appraisal company Corallian Energy reported that drilling of the Wick exploration well (11/24b-4) commenced on Tuesday offshore the U.K.Corallian is exploration operator for Licence P2235 with 40 percent interest…

Tullow adds acreage off Peru

Jan 10, 2018

Tullow Oil has picked up six licenses offshore Peru, spanning 28,000sq km, the UK-based firm confirmed today (10 January). Map of Peru blocks. Image from Tullow. Following negotiations with Perupetro…

Baron drops Peru offshore block

Nov 10, 2017

Baron Oil is to relinquish Block Z-34, which has been in Force Majeure since 2014, offshore Peru.  In such a situation, the Z-34 partners are entitled to exercise their right to relinquish Block Z-34 and to request that a $3.6 million work program guarantee bond be released…

Fanning the (E&P) flames

Mar 01, 2017

All eyes may be on Guyana, but there’s plenty of other countries worthy of attention in South America. Audrey Leon surveys the current spike in exploration activity in the region. Image from Anadarko Petroleum’s Q4 Operations Report…

Baron Oil to drill off Peru

Feb 07, 2017

PeruPetro, the responsible government agency, has granted independent oil and gas exploration and production company Baron Oil to drill the Cuy-Z34-13-1X exploration well offshore of northwest Peru in Block Z-34. The well is planned to be drilled in 5764ft of water to a total depth of 12…

New EIC president appointed

May 21, 2013

The Energy Industries Council (EIC) announced that The Right Honourable the Lord Howell of Guildford has been appointed President of the EIC. Lord Howell is a senior member of the House of Lords, and has held ministerial positions for Energy…

Firms & Faces - October 2011

Oct 01, 2011

FirmsTechnip acquired Global Industries in a deal worth $1.07 billion and expected to close early 2012. Technip sees the merger increasing its market reach in the Gulf of Mexico, Asia- Pacific and Middle East regions. Global Industries currently has about 2300 employees and operates 14 vessels…

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