Karoon Gas Australia Ltd. announced on 16 June that the Pharos‐1 well, located offshore Western Australia, was drilling ahead at 4570 mRT in the 8½-in. hole section. Since last reported on 30 May, the 12¼-in. hole section was drilled 1719m from the 133⁄8-in…
Noble Energy, Inc. announced on 16 June that it has reached an agreement with BP Exploration & Production Inc. to acquire interest in 17 deepwater exploration leases located in the Atwater Valley region of the Gulf of Mexico (GOM). According to the terms of agreement…
With attractive exploratory potential, the Levant basin off Lebanon, presents an opportunity for international oil companies (IOC) to position themselves in the promising eastern Mediterranean region, an analyst with research and consulting firm GlobalData says…
BG Group has made the first oil discovery off East Africa, according to a partner on the Sunbird-1 exploration well. Pancontinental Oil and Gas said a 14m gross oil column was found beneath a 2936m gross gas column in a reefal limestone…
Indonesian based MedcoEnergi announced it has reached an agreement to acquire 100% ownership of Storm Ventures International Ltd. (SVI) for a base purchase price of US$ 114.03 million, excluding an amount payable for working capital which is subject to a customary post-closing adjustment…
Netherlands-based Vroon Offshore Services started operations in Turkey this week. The company’s anchor-handling tug-supply (AHTS) vessels, VOS Tethys and VOS Athos, are currently assisting in positioning operations for the jack-up drilling rig GSP Prometeu…
AWE Ltd. announced on 13 June that drilling began on the Oi-2 exploration well located in Petroleum Mining Permit (PMP) 38158 offshore Taranaki, New Zealand. The joint venture partners hope the Oi-2 well will allow the evaluation of hydrocarbon potential of a 4-way dip closed structure…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced details of a Call for Bids in the Canada-Newfoundland and Labrador Offshore Area. Call for Bids NL14‑01 (Jeanne d’Arc Region), consists of one parcel equaling 108…
Rosneft reported today that the Arctic Research and Design Center (ARDC) has completed its 2014 winter ice field studies, the largest expedition in the Arctic Ocean. The ARDC is a joint venture of Rosneft and ExxonMobil, supported by the…
Eni has gained operatorship and a 40% interest in exploration right permit 236 (ER236) off the eastern coast of South Africa from Sasol, the Italian company announced today. Under the terms of the agreement, Eni has acquired 82,000sq…
RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million bbl of crude during these three decades. Ongoing investments in modern technology and infrastructure have maintained high production levels…
The magnitude of the Libra area was the main highlight of Wednesday, May 7 at Brattec Offshore 2014, an event organized by the Brazil-Texas Chamber of Commerce. Petrobras’ executive manager for Libra, Anelise Lara, talked about the reservoir’s characteristics and the area’s development prospects…
UK-based, Somalia-focused exploration firm Soma Oil & Gas Exploration has completed an offshore seismic acquisition program, which commenced in February 2014. The acquisition program was carried out by SeaBird Exploration and concluded in June 2014…
Industry Minister Ian Macfarlane announced the award of nine new permits located in Commonwealth waters offshore Western Australia, Victoria, and the Territory of Ashmore and Cartier Islands as part of round one of the Australian government’s 2013 Offshore Petroleum Exploration Acreage Release…
Limited vessel and rig availability have meant delays on two Alpha Petroleum Resources' UK projects, the Blythe development and appraisal on the Skipper field. The firm is planning to submit a field development plan for the southern North Sea Blythe gas field project Q4…
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