Tulip Oil will pick up partner PA Resources’ 30% equity in blocks Q7/Q10a off The Netherlands. Under the agreement, Tulip Oil will pay a consideration of almost US$1.6 million upon completion of the transaction; further payment is contingent on certain asset milestones being met…
Italian explorer Eni picked up two new exploration assets offshore Vietnam from state-owned oil company PetroVietnam, the company announced on 13 October 2014. Eni’s CEO Claudio Descalzi (pictured) and PetroVietnam president DO Van Hau…
BG Group is now sitting on more than 17Tcf of gas offshore Tanzania after its latest discoveries in the Kamba-1 well in Block 4, according to partner Ophir Energy. The well, drilled using the Deepsea Metro I drillship in 1379m water depth…
A consortium composed of BHP Billiton and BG International won blocks in the recent Trinidad and Tobago offshore bid round, the Ministry of Energy and Energy Affairs (MEEA) announced. MEEA awarded BHP Billiton Petroleum Pty Ltd. and BG International Ltd…
Eni has entered into a production sharing contract (PSC) with state-owned PetroVietnam for the exploration of Block 122, off eastern Vietnam. The Italian firm’s CEO, Claudio Descalzi, met with PetroVietnam President and CEO, Do Van Hau, in…
Total’s CLOV deepwater oil development offshore Angola in Block 17, began production on schedule, the French company announced on 12 June. The development is expected to reach daily production capacity of 160,000bbl in the coming months…
UK-based Sterling Resources completed 800sq km of new 3D seismic in the Romanian Black Sea. The company's 1Q result, issued yesterday, discusses three major milestones in derisking its Romanian assets: - In early February, Sterling…
Bids from Russia’s Gazprom and China’s China National Offshore Oil Corporation (CNOOC) have been included in the latest licensing round offshore Tanzania. The 4th Deep Offshore and North Lake Tanganyika Licensing Round closed on May 15…
The government of Myanmar (Burma) has named Chevron, BG Group, Statoil, Woodside Energy, Shell, and ENI, among others, as selected candidates for its 2013 offshore licensing round. The move follows the lifting of Western sanctions in 2012…
Total is to sell its 15% interest in the offshore Angola Block 15/06 to Sonangol E&P for about $US750 million. “The sale of our interest in Block 15/06 is in line with Total’s global strategy to actively manage its portfolio and focus…
Twenty-one companies have dropped out of the final cycle of bidding in the Myanmar offshore license round. The licensing round offers 30 offshore areas, including 19 deepwater blocks. These blocks are predominantly in the Rakhine Offshore Area (12 blocks)…
Norway's Statoil has said a fifth natural gas discovery in Block 2 offshore Tanzania has opened up a new play in the region. The Mronge-1 discovery, drilled in 2500m water depth by the Discoverer Americas drillship, 20km north of the Zafarani discovery…
Twenty-one companies have dropped out of the final cycle of bidding in the Myanmar offshore license round, Reuters news service reported on Friday. The licensing round offers 30 offshore areas, including 11 shallow water blocks and 19 deepwater blocks…
Bangladesh English-language newspaper, Dhaka Tribune, reported on 5 August that state-owned Bangladesh Oil & Gas Corp. (Petrobangla) will sign exploration agreements with two international oil companies for three blocks. Petrobangla initially…
BG Group has made a gas discovery in the Ngisi-1 well in Block 4 offshore Tanzania. The Ngisi-1 well, drilled by the Deepsea Metro 1 drillship, was also used to appraise the Chewa gas field, resulting in an upgrade in estimated recoverable resources in the block…
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