Eog Resources News

 

Aker BP Acquires Total's Norwegian Assets

Dec 03, 2018

Aker BP announced on Monday that it has completed the $205 million acquisition of Total E&P Norge's Norwegian continental shelf portfolio. Aker BP first announced the deal in July, and this week said all closing conditions have been fulfilled…

Tailwind Completes EOG UK Acquisition

Nov 09, 2018

London-based Tailwind Energy  has announced the completion of the acquisition of Houston-headquartered oil and gas firm EOG Resources's UK portfolio.  The oil and gas venture announced two months ago it has agreed with EOG Resources Inc to acquire EOG’s UK business…

UK Petroleum Reserves Could Sustain Production for 20 Years

Nov 08, 2018

The U.K.’s oil and gas reserves remain at a level which could sustain production for at least the next 20 years and beyond if additional undeveloped resources can be matured, according to the U.K. Oil and Gas Authority (OGA).OGA’s ‘UK Oil and Gas: Reserves and Resources’ report…

Optimistic Tower Resources Returns to Namibia

Nov 08, 2018

Three years after Tower Resources and its partners relinquished their assets in Namibia, the company has returned after signing a new Petroleum Agreement it previously promised shareholders and which gives it an 80 percent operated interest…

Point Resources plans big investment for Norwegian fields

Nov 06, 2017

Norwegian private equity-backed player Point Resources has completed its deal to buy ExxonMobil's operated stakes in the Balder, Ringhorne, Ringhorne East, Jotun and Forseti fields on the Norwegian Continental Shelf (NCS) and plans to invest US$2…

Investment needed to move resources to reserves on UKCS

Oct 31, 2017

The UK’s remaining petroleum reserves could sustain offshore production for at least the next 20 years and beyond, if additional undeveloped resources can be matured, says the UK's Oil and Gas Authority’s (OGA).  In a report “UK Oil and Gas: Reserves and Resources…

Quadrant finalizing Phoenix tender

Jun 29, 2017

Quadrant Energy is in the final stages of evaluating tenders for a semisubmersible to drill the Phoenix-3 South well offshore Western Australia in early 2018. Source: Carnarvon Petroleum The…

Norway ‘not halfway done’ with new oil, gas discoveries

Jun 15, 2017

Seventy-seven discoveries on Norway’s Continental Shelf containing 700 MMcum were being considered for development at the start of 2016, the Norwegian Petroleum Directorate (NPD) reports. Most of these discoveries are in the North Sea…

Douglas Brooks appointed Energy XXI CEO

Apr 18, 2017

Energy XXI Gulf Coast (EGC) has appointed Douglas E. Brooks as chief executive officer and president effective 17 April 2017. The EGC board concurrently increased the size of the board from six to seven directors and named Brooks to fill the newly-created directorship…

Serica sets Columbus first gas

Apr 06, 2017

Serica Energy is targeting 2020 for first gas at its Columbus field in the Central North Sea, and reveals plans to begin drilling at the nearby Rowallan prospect next year. Map of Columbus, from Serica…

Exxon sells Norway upstream business

Mar 29, 2017

Newcomer Point Resources has entered the playing field as a mid-sized Norwegian exploration and production (E&P) company, signing a deal with ExxonMobil to acquire the supermajor’s operated upstream business in Norway. The Jotun A…

Lundin writes off Malaysian and Caspian Sea resources

Jan 19, 2017

Lundin is to take a non-cash impairment charge of US$632 million after deciding to take some 170 MMboe contingent resources in Malaysia and the Caspian Sea off its books.  The Sweden-headquartered explorer said it was removing the resources…

Energean completes Tanin, Karish deal with Delek

Dec 28, 2016

Energean has closed its deal with Delek Group, Avner Oil Exploration, and Delek Drilling for 100% stake in the I/16 Tanin and I/17 Karish leases, offshore Israel, paving the way for Energean to stick to its plan of first oil at the two fields in 2020…

IOG ups Harvey resources, sees tieback potential

Dec 16, 2016

North Sea explorer Independent Oil and Gas has seen an increase in resource estimates on two southern North Sea prospects, Elgood and Harvey, following 3D seismic reprocessing work.  Harvey, initially thought to be one discovery and a nearby prospect are now thought to be linked…

Carnarvon updates Australia resource estimates

Nov 14, 2016

Carnarvon has updated resource estimates for the Roc, Phoenix, and Phoenix South areas in the WA-435-P and WA-437-P permits, offshore Australia. “Our resource estimates are based on the successful drilling results to date and a foundation…

Current News

BOEM Looks to Open 80 million Acres for Oil and Gas Lease Sale

BOEM Looks to Open 80 million

Libya, Turkey Sign MoU To Conduct Offshore Geophysical Study

Libya, Turkey Sign MoU To Cond

Japanese Firm Joins Floating Wind Demo off Spain

Japanese Firm Joins Floating W

SLB OneSubsea Gets Work on Northern Lights CCS Project Expansion

SLB OneSubsea Gets Work on Nor

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine