Block News

 

Exxon JV inks Block 59 deal off Suriname

Jul 13, 2017

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…

Exxon, others add Equatorial Guinea acreage

Jun 05, 2017

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…

Barents features high in 24th round proposal

Mar 14, 2017

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…

Block Island turbine installation

Oct 24, 2016

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…

Premier, partners to tender semisub off Mexico

Aug 19, 2016

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 bid for Cyprus blocks

Jul 27, 2016

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…

EnerGulf enters six-prospect GoM LOI

Jun 09, 2016

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…

Hess farms into Suriname

May 04, 2016

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 gains operatorship of two blocks

Apr 06, 2016

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…

China offers 18 offshore blocks

Feb 25, 2016

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…

Sterling quits Mauritania PSC

Jan 29, 2016

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…

Statoil breaks its APA award record

Jan 19, 2016

In the awards in predefined areas (APA) round 2015, Statoil has been awarded interest in 24 licenses on the Norwegian continental shelf (NCS), 13 of those as operator and 11 as partner, breaking the company’s 2005 record for number of licenses awarded…

CNOOC, Husky in South China Sea PSC

Dec 03, 2015

China National Offshore Oil (CNOOC) signed a production sharing contract (PSC) with Husky Oil Operations (China) for Block 15/33 in the South China Sea. Block 15/33 is located in the Pearl River Mouth Basin of the South China Sea. The…

Egypt awards four offshore blocks

Oct 07, 2015

Egypt's state gas company EGAS announced the result of the 2015 international exploration Mediterranean bid round, with blocks awarded to BP, Eni, Edison and Total.   In total, four blocks were awarded, with a total investment of US$306 million and a signing bonus of $10…

Sterling takes a stake in Mauritania

Jun 03, 2015

Tullow Oil is looking to drill on its Block C-10 acreage offshore Mauritania in 2016, according to Sterling Energy. Sterling, which has just agreed to acquire a 13.5% stake in Block C-10 says Tullow has identified a drill-ready Neocomian…

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