Oyster Petroleum has entered into a farm-in agreement which will see it earn 25% interest in production licenes P.1948 in the central North Sea. License P.1948 covers blocks 29/7c, 12, 13 and 14 in the UK Central North Sea and includes the Shipley and Forwood Prospects…
Mexico City-based Sierra Oil and Gas secured equity commitments of US$525 million on Friday to develop projects in Mexico’s recently opened energy sector. Sierra, Mexico’s first independent exploration and production company, plans to participate in exploration…
CGX Energy Inc. entered into a seismic contract with Prospector PTE. Ltd. to conduct a 3116.74sq km 3D seismic survey on Demerara Block, offshore Guyana. The contract represents one of the most extensive 3D seismic studies ever conducted…
ExxonMobil and Rosneft will end drilling operations in the Kara Sea due to Western sanctions. The West Alpha ExxonMobil released a statement today (19 September), which said the supermajor will comply with all US sanctions…
Brazil's state-run oil company, Petroleo Brasileiro, will sign a contract to build and lease a floating production ship for its Libra offshore project this month, company Chief Executive Maria das Gracas Foster said on 18 September, as reported by Reuters…
The Republic of Côte d’Ivoire will offer new petroleum exploration concessions, delineating new offshore blocks in deep and ultradeep water of the Côte d’Ivoire sedimentary basin. The details will be presented on 14 October, in Houston, Texas…
Petroceltic International's joint venture with Edison International Spa has been awarded the North Port Fouad Block, in the Egyptian Natural Gas Holding Company 2013 International Bid Round. North Port Fouad (Block 7), is offshore the Nile Delta and lies to the north of…
German company RWE Dea has been awarded two offshore blocks in the Gulf of Suez in Egypt’s international bid round. The new RWE Dea licences in the Gulf of Suez Map from Dea RWE will become…
US-based explorer Noble Energy has lined up a string of prospects in the Falklands with prospective resources totaling up to 1.6 billion barrels of oil. The firm has been assessing 2D seismic and new 3D datasets in the south and east Falkland basin…
GeoPartners, in partnership with Seabird Exploration Multi-Client and DownUnder GeoSolutions, has announced a new multiclient 2D (MC2D) seismic project in the Frontier UK Rockall Basin offshore the north west coast of Scotland. The Rockall…
Consulting petroleum geologist Colin Stabler spoke to a full house at the Houston Geological Society's General Dinner on 15 September 2014, presenting 'Mexico's Challenge to Explorationists.' Stabler has worked Mexican subsurface geology since 1966…
An announcement on the second Greek offshore licensing round is expected this month. The Greek Ministry of Environment, Energy and Climate Change announced the round would be launched upon publication of the Notice of the Call for Tenders in the Official Journal of the European Union…
Fractured basement reservoir explorer Hurricane Energy says post-well data analysis of its 1km horizontal appraisal well 205/21a-6 well test in Q2 this year has shown better than expected results. The firm said the well, which tested…
Japan’s Mitsubishi Corp. acquired 20% of US-based Anadarko Petroleum’s interest in Block C1-103 off the coast of Côte d’Ivoire, becoming the first Japanese company to enter the oil and gas exploration business in the area. Map of Block C1-103…
Four months after taking to the helm of Italian state-run Eni, CEO Claudio Descalzi is now the subject of a corruption investigation related to the acquisition of the large and lucrative deepwater oil prospecting lease (OPL) 245 offshore Nigeria…
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