ExxonMobil is preparing exploration activities offshore Suriname, after signing a production sharing contract (PSC) with Suriname’s national oil company Staatsolie Maatschappij Suriname NV for deepwater Block 59. Image from Exxon…
ExxonMobil has signed a production sharing contract (PSC) with the government of Equatorial Guinea for a deepwater block located 36mi west of the country's capital city, Malabo. Exxon will operate deepwater Block EG-11 with 80% working interest…
Norway's Ministry of Petroleum and Energy has set out proposed exploration blocks to be offered in the 24th licensing round, including a large tranche in the Barents Sea. The move follows an invitation to oil companies to nominate blocks for inclusion in the 24th Licensing Round…
Eni has finalized a farm-in agreement with Total to acquire 50% stake in the French company’s Block 11, offshore Cyprus. Map of Block 11, from Total. “With this transaction Eni further reinforces its own position in the country…
The government of Cyprus has selected companies, which include ExxonMobil, Eni, and Total, to negotiate exploration drilling terms for three blocks in the exclusive economic zone (EEZ) of Cyprus. Image of the 3rd licensing round map…
In this video, Fred. Olsen Windcarrier shows the installation of the first ever offshore wind farm in the US: Block Island. On 18 August, the Brave Tern jackup completed the installation of five GE Haliade 150-6MW turbines at Deepwater Wind’s Block Island Wind Farm…
New Zealand's energy and resources minister has fired the starting gun for the country's Block Offer 2017. The Block Offer 2017 will see consultation start on the awarding oil and gas exploration permits in the country - onshore and offshore…
Premier Oil and its partners in the upcoming shallow water bid round offshore Mexico are anticipating to go out to tender for a moored, semisubmersible rig for Block 7 in Q4 2016, the company revealed in its 1H 2016 report. Map of Blocks 2 and 7…
Oil majors Statoil, Eni, Total and ExxonMobil have submitted rival bids for three exploration blocks offshore Cyprus in the country's 3rd Licensing Round. Three blocks - 6, 8 and 10 - in the Mediterranean Sea were put on offer, with six applications made…
Vancouver-based EnerGulf Resources entered into a letter of intent (LOI) with Houston-based Texas South Energy, to participate in six offshore Gulf of Mexico (GoM) prospects owned and operated by GulfSlope Energy. GoM operations…
US-based explorer Kosmos Energy has agreed to farm-out a one third stake in its Block 42 contract area offshore Suriname to Hess. In return, Hess will fully fund the cost of a 6500sq km 3D seismic survey, expected to start in Q3 this year…
Kosmos Energy Sao Tome and Principe (Kosmos) has gained operatorship of Block 5 and 12, offshore West Africa in the exclusive economic zone (EEZ) of the Democratic Republic of Sao Tome and Principe (STP), as part of a farm-in (65%) agreement with Equator Exploration…
A total of 18 blocks are up for bid for exploration in 2016 to international oil and gas companies wanting to partner with operator China National Offshore Oil Co. (CNOOC). Map of blocks up for bid…
Romanian gas producer Romgaz and its partners are to drop their EX29 Est Rapsodia Block in the Black Sea, offshore Romania, following exploration results. Romgaz, with partners Lukoil Overseas Atash and PanAtlantic Petroleum, had signed two concession agreements…
Sterling Energy's subsidiary Sterling Energy Mauritania Ltd. (SEML) has submitted a notice of withdrawal to its joint venture partners in Block C-3, offshore Mauritania. As part of the withdrawal, SEML will assign its entire 40.5% participating…
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