ExxonMobil and partner Canadian Overseas Petroleum Ltd. (COPL) are planning to return to the waters offshore Liberia as early as next year after the duo delayed drilling plans due to an Ebola virus outbreak in the region. Map of Block LB-13…
In response to the decline in crude oil prices since mid-2014, the number of active offshore rigs has declined worldwide, dropping close to 20%, says the US Energy Information Administration (EIA). There were 304 offshore rigs operating in August 2015…
Falklands focused Argos Resources has completed a farmout agreement with Noble Energy Falklands and Edison International over license PL001 in the North Falklands Basin. The agreement will allow exploration drilling on the license, which…
The largest number of applications in an Irish offshore licensing round have been submitted in the 2015 Atlantic Margin Licensing Round. Some 43 applications for licensing options, from majors and independents, were submitted by the Friday 16 September deadline…
Karoon Gas Australia is revising its previous estimates of the Kangaroo field in the Santos basin offshore Brazil that decreases its 2C resources by nearly 39%. The Australian company is also estimating its Echidna’s light oil gross contingent 2C resource volume to be of 75 MMbbl…
On 14 September, Mexico's Finance Ministry announced the minimum acceptable bids for the shallow water development opportunities phase of Round One. Image of Round One. From CNH. Wood…
Hansa Hydrocarbons Ltd. completed a farm-out with GDF SUEZ E&P Nederland B.V. (part of the ENGIE Group) in respect of a 30% interest in its 4Quads licenses (blocks G18, H16, M3 and N1) in the Dutch North Sea. Pursuant to this transaction Hansa and GDF SUEZ E&P Nederland B…
VNG Norge has made an oil discovery in the main bore of the Boomerang exploration well offshore Norway. Well 6406/12-4S on Boomerang was drilled close to the Pil discovery and encountered a 26m gross Upper Jurassic intra-Spekk/Rogn sandstones with good reservoir properties and moveable oil…
Cairn Energy has started a new 3D seismic survey over the Sangomar Deep, Sangomar and Rufisque permits, offshore Senegal. The Polarcus Adira 3D seismic vessel is acquiring data in the north and east parts of the permits along trend from…
Mexico’s Secretaría de Hacienda y Crédito Público (SHCP) released the minimum fiscal terms that must be met by companies in order to win development rights in the second phase of Round One, scheduled for the end of September. Image…
Africa-focused explorer Tower Resources says the down turn will offer it an opportunity to leverage lower seismic acquisition and drilling costs after is signed the shallow water Thali Production Sharing Contract (PSC), offshore Cameroon…
Ahead of tomorrow's (15 September) congressional hearing in New Orleans, API highlighted the importance of offshore oil and natural gas development to the region's economic development. Image from EMGS…
Quadrant Energy will spud the Roc-1 well located in the North West Shelf off Western Australia using the Tom Prosser jackup rig. The rig will drill a well for Vermillion Energy at the Wandoo oil field in the northwest of Dampier before commencing Roc-1 drilling operations…
The US Bureau of Ocean Energy Management (BOEM) will offer 40 million acres for exploration in the proposed Gulf of Mexico Central planning area Lease Sale 241 and Eastern planning area Lease Sale 226 to take place in March 2016. Image…
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for well 7220/11-3 A, in production license 609. Well 7220/11-3 S will be drilled from the Island Innovator drilling facility. The drilling program…
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