Exploration News

 

Tullow opens Mauritania office

Mar 15, 2013

Tullow opens office in Nouakchott. In preparation for the start of a four-well exploration program and increased operational activity, the Director of Hydrocarbon, Ahmed Salem Tekrour, joined a small number of guests to open the new Tullow offices in Nouakchott…

Statoil signs up deepwater rigs

Mar 15, 2013

Statoil has signed a three year contract for the Stena Carron drillship for exploration drilling in the pre-salt blocks (Blocks 38 and 39) in the Kwanza basin in Angola.The agreement managed by Stena Drilling is for a three-year fixed term with start-up Q4 2013 / Q1 2014…

Concerns over rising wage bills

Mar 15, 2013

A survey of more than 900 Oil and Gas companies has revealed that they are concerned that the average wage in the industry will rise 15% this year from £64,000 to £73,600.The survey by OilandGasPeople found that 70% of oil and gas companies were worried that wages were rising too fast…

North Energy signs up TGS

Mar 01, 2013

North Energy has today entered into a four-year collaboration agreement with (TGS) concerning the purchase of seismic data and services. This represents a natural progression from an earlier collaboration agreement with Rex Oil & Gas (Rex) on…

Ithaca Energy buys Valiant

Mar 01, 2013

North Sea independent exploration firm Ithaca Energy has agreed a deal to buy fellow London AIM-listed explorer Valiant Petroleum.Ithaca said the deal, which values Valiant at about $309million, would establish it as “a leading mid cap North…

Barents and Jan Mayen resources higher

Feb 27, 2013

The Norwegian Petroleum Directorate’s (NPD’s) mapping of the southeastern Barents Sea and the area surrounding Jan Mayen will result in an approximate increase of 15% in the estimates of undiscovered resources on the Norwegian shelf.This…

FAR ups offshore Africa estimates

Feb 27, 2013

Australian-listed exploration firm FAR says prospects offshore Kenya and Senegal “much larger than we originally assessed”.Announcing the outcome of updated prospective resource estimates following the completion of internal technical studies…

Cairn to explore off Malta

Feb 14, 2013

On 7 December 2012, the Government of Malta awarded three offshore blocks totaling 6,400sq km to Capricorn Malta, a subsidiary of Edinburgh-based Cairn Energy. Cairn CEO Simon Thomson, who succeeded Sir Bill Gammell as chief executive in July 2011…

ExxonMobil will operate Tugela off South Africa

Dec 17, 2012

ExxonMobil Exploration and Production South Africa Ltd. will soon begin exploration activities offshore South Africa. The ExxonMobil affiliate signed an agreement with Impact Africa Ltd. (Impact), a subsidiary of Impact Oil & Gas Ltd…

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