Karoon Gas Australia made a discovery at the Echidna-1 exploration well, the third in the Santos drilling campaign, offshore Brazil. Image from Karoon. According to the Australian company…
Statoil confirmed its second discovery in the Aasta Hansteen area with the Roald Rygg prospect in the Norwegian Sea. Map of Roald Rygg. From Statoil. The gas discovery was made at…
KrisEnergy awarded Singapore-based Synergy Engineering the front-end engineering and design (FEED) for the Lengo gas development offshore East Java, Indonesia. Image of the Lengo platform. From KrisEnergy…
Schlumberger’s new Petrel E&P software platform will support BP’s new digital technology roll out. The first deployment of the two-year global implementation has been completed for staff at the company’s business unit in Aberdeen, Scotland…
French supermajor Total is assessing development options for a new small gas discovery made in the Norwegian sector of the North Sea. The estimated 3-10 MMboe recoverable gas discovery was in exploration well 25/6-5 S, called Skirne East by Total and Shango by partner Faroe Petroleum…
Rystad Energy’s Senior Analyst Bielenis Villanueva Triana ranks Mexico’s exploration competitiveness as compared to other global prospective areas. Fig. 1: Mexico’s petroleum provinces which have proven hydrocarbon potential…
Eckhard Hinrichsen analyses the race for oil and gas reserves as the market liberalizes. The Mexican energy industry is at last open to foreign companies. Investment opportunities abound as the important first licensing rounds loom. The…
As Mexico’s energy industry slowly opens up to outside investment, the country’s industry is assured to look very different in the future from today. GlobalData’s Adrian Lara and Will Scargill examine the details. Pemex has had a monopoly…
Apache agreed to sell its Australian subsidiary Apache Energy Ltd. to a consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. for cash payment of $2.1 billion. With the sale, the company…
ABS’ Henrique Paula provides insight into the secondary laws – CNH, CRE, and ASEA – being used to implement Mexico’s energy reforms. The ABS-classed Centenario semisub drilling unit, built in 2010…
Dallas Parker and Gabriel Salinas, of law firm Mayer Brown, explain the main points of Mexico’s new exploration and production contracts, as well as the Hydrocarbons law and Hydrocarbons Revenues Law that became effective August 2014. Pemex’s…
Statoil made an oil discovery at Walker Ridge’s Yeti in deepwater Gulf of Mexico (GoM). Yeti map. From Statoil. The Yeti exploration well is located in Walker Ridge Block 160, approximately 15km south of Chevron’s Big Foot field…
UK-based Falklands explorer Premier Oil has spudded its second 2015 exploration campaign well in the north Falklands basin. The Eirik Raude. From Ocean Rig. If successful, the 14/20…
David Shields provides a glance at Mexico’s energy reform and Round One. Pemex’s Ku-S platform at the Ku Maloob Zaap oil field in the Bay of Campeche. Image from Return To Scene. Round One…
Woodside made a gas discovery at its Pyxis-1 exploration well in production license WA-34-L, offshore Western Australia. Map of WA-34-L. From Woodside. The well intersected approximately 18…
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