Rawson Resources was awarded the petroleum prospecting license (PPL) 560 in the gas-rich Cape Vogel basin, offshore Papua New Guinea (PNG). The Australian firm holds 60% interest in PPL 560, which covers 4680sq km. Rawson's deal includes a six-year term…
Brazil’s Petrobras and France’s Total have entered into a strategic alliance for upstream and downstream activities in Brazil, that will expand internationally. Image of Pouyanné, from Total. Petrobras…
Africa Energy has closed three deals giving it a 90% stake and operatorship of Block 2B offshore South Africa. The company paid US$1 million to Afren to acquire a 25% participating interest in Block 2B. It also paid $2 million and shares to acquire all of Thombo Petroleum's 34…
Mexico’s National Hydrocarbons Commission (CNH) has approved Italian giant Eni to drill a well in the shallow waters of the Gulf of Mexico, according to news reports. Image from Eni. Drilling…
Quadrant Energy discovered natural gas at the Spartan-1A well, offshore Western Australia, according to partner Santos. Spartan-1A is 15km to the south-east of John Brookes, and is a potential future tie-back into existing infrastructure…
Nido Petroluem is launching a US$24 million (A$31.9 million) offer to fund drilling of an appraisal well to the Galoc discovery, offshore the Philippines. Nido is looking to raise the funds through an 11.2 for 1 pro‐rata renounceable entitlement offer of new shares at an offer price of $…
Quadrant Energy has confirmed a successful well test from the Roc-2 well, offshore Western Australia, that shows significant potential in a largely unexplored area. Map of Roc-2, from Quadrant…
Mexican state owned oil company Petróleos Mexicanos (Pemex) has applied to Mexico's Energy Ministry, SENER, for a joint venture for two shallow water fields in the Gulf of Mexico on 18 October, according to news reports. Image from Pemex…
Hurricane Energy has reported a sustainable flow rate from a horizontal side-track well at its Lancaster discovery, West of Shetland, offshore the UK. Image from Hurricane. The…
Statoil has made an oil and gas discovery at the Njord North Flank in the Norwegian Sea that could potentially hold up to 28.3 MMboe, according to partner Faroe Petroleum. The Songa Delta, from Songa Offshore…
French supermajor Total has made a small gas and condensate discovery in the northeast part of the Martin Linge field offshore Norway. Total estimates about 12-69 MMboe was found in the well, on production license 043, drilled using the Maersk Intrepid jackup in 115m water depth…
Statoil is giving up on exploring the Reinga basin offshore New Zealand, following its three-year study of the area, which has shown low probability of a discovery. Map of New Zealand, from Statoil…
Eni’s Armada Olombendo floating production, storage and offloading (FPSO) vessel will soon sail away to the East Hub Development, offshore Angola, following its naming ceremony this week. A ceremony was held today (14 October) in Singapore…
Galp Energia has signed a memorandum of understanding (MoU) with Petrobras aimed at extending the cooperation between the two firms. Galp and Petrobras intend to further explore areas of cooperation, in potential oil and gas exploration…
Supermajor BP has dropped its deep water drilling plans in the Great Australian Bight, offshore South Australia. The project will not be able to compete for capital investment with other upstream opportunities in its global portfolio in the foreseeable future…
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