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…
Jersey Oil & Gas (JOG), with its co-venturer, CIECO Exploration and Production (UK) Ltd. (CIECO), have completed the sale and purchase agreement with Statoil for the farm-out of a 70% working interest in UK Seaward License P.2170, Blocks 20/5b and 21/1d in the UK Central North Sea…
Without higher oil prices, many new projects are thought to be uneconomic. Or are they? Douglas-Westwood recently reviewed more than 250 upstream capital projects sanctioned in the last four years to assess how industry costs are moving…
Karoon Gas Australia has been awarded a three-year commitment to explore the Great Australian Bight (GAB), in which the company will focus on acquiring seismic surveys, offshore South Australia. Map of GAB…
While it seems most Arctic exploration activity has slowed, it really depends on where you look. Bruce McMichael reports. Gazprom Neft’s Prirazlomnoye facility, in the Russian Arctic. Photos from Gazprom Neft…
BHP Billiton discovered oil at its Caicos exploration well in the deepwater Gulf of Mexico, and revealed plans to drill at a nearby well in November. Map of Central GoM, including Caicos, Shenzi North…
Initial results from the Skipper appraisal well in the UK North Sea have shown oil 'significantly' heavier than expected, but in sands with higher permeability than thought. Operator and 100% owner Independent Oil and Gas says it will now review its development strategy for the field…
BP is facing more setbacks for its Great Australian Bight drilling program, following a further request from Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for information on the environment plan…
Quest Offshore, recently acquired by Wood Mackenzie in August, outlines the highlights of the global deepwater drilling market, region by region. Melissa Sustaita sets out the details. Top…
Hyperdynamics Corp. received an updated exploration risk assessment of its top two drilling prospects offshore Guinea, that materially increases the probability of exploration success for both. The improved risk assessment follows the…
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