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…
Quadrant Energy confirmed a gas condensate discovery at the Roc-2 appraisal well offshore Western Australia, according to partner Carnarvon Petroleum. Roc-2 is in WA-437-P exploration permit in the North West Shelf of Australia, where…
Russia's Gazprom has made a discovery on the Kirinsky block in the Sea of Okhotsk. The firm was drilling an exploration and appraisal well on the Yuzhno-Lunskaya structure within the Sakhalin III project. As a result, a substantial gas and condensate inflow was reported…
The Baltim South West field offshore Egypt has the potential to hold 1 Tcf of gas in place, according to Eni. Image from Eni. The Italian giant, along with 50:50 partner BP, upgraded…
Shell Canada is moving on to its next prospect in the Shelburne basin, offshore Nova Scotia, after failing to find commercial hydrocarbons at its first exploration well in the program. Map of the Shelburne basin exploration project…
Lundin Norway has been given the go-ahead to drill well 7219/12-1, or Filicudi, in the Norwegian Barents Sea, using the Leiv Eiriksson semisubmersible drilling rig. The well about 24km south of the Salina discovery, made by Eni in 2012…
Statoil announced the opening of its new operations center for the UK Continental Shelf (UKCS) that will see its workforce grow by 40; in addition its plans to drill three wells in the area. Scotland’s…
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