The exploration and production company Hess Corporation said that Aspy probe did not encounter commercial quantities of hydrocarbons.Hess Corporation announced in a press statement that drilling of the Aspy exploration well offshore Nova Scotia reached total depth of 7…
Russia's largest independent natural gas producer PAO Novatek has secured a new exploration license on the Gydan peninsula.The seventh largest publicly traded company globally by natural gas production volume said in a press release that its…
Gabon plans to scrap a 35 percent corporate tax on energy companies as part of a revised hydrocarbons law and has launched a new offshore oil and gas exploration licensing round for 34 blocks, Oil Minister Pascal Ambouroue said on Wednesday…
Island nation Madagascar puts 44 blocks in the Morondava Basin up for grabs, detailing exploration and exploitation periods under production sharing contracts.In the framework of the development of Madagascar's oil and gas potential, the Malagasy…
Irish oil and gas exploration company Providence Resources said it had encouraging reports concerning frontier exploration licence (FEL) 6/14 situated at its Newgrange offshore, some 260 kilometres off the south-west coast of Ireland.FEL 6/14 is operated by Providence Resources…
Azinam, financially backed by private equity firm Seacrest Capital, will plug and abandon its Prospect S well in Petroleum Licence (PEL) 71 offshore Namibia, it said on Thursday.'The anticipated stacked target reservoirs were penetrated and the well encountered wet gas shows…
Lundin Petroleum's Hurri exploration well in the Norwegian southern Barents Sea was dry. The well, 7219/12-3S, drilled using the Leiv Eiriksson semisubmersible drilling rig, in PL533, in the southern Barents Sea, was dry, says operator Lundin…
Gaspar Franco Hernández, of CNH, discusses the abundant opportunity to develop Mexico’s over 200 mature fields (First published in the December 2017 OE, access the full issue here). Map of Mexico’s mature fields. Image from CNH. There are several definitions of mature fields…
Canadian Overseas Petroleum says it and its partner ExxonMobil on block LB-13, offshore Liberia, West Africa, are to relinquish the block. The two have elected not to enter into third exploration period and surrendered their rights to the LB-13 license…
Hyperdynamics will seek a two-year appraisal period to test the Fatala prospect area for commercial resources, but will go solo after partner South Atlantic Petroleum (Sapetro) decided to withdraw from the joint operating agreement (JOA)…
Hyperdynamics is looking at options after finding signs of encouragement at its recently failed Fatala prospect, offshore the Republic of Guinea in Northwest Africa. Map of Guinea acreage, from Hyperdynamics…
Norwest Energy has discovered hydrocarbon pay at the Xanadu-1 shallow water well offshore Western Australia. Map of Xanadu, from Norwest. Xanadu- 1 is in permit TP/15, 40km south of Dongara…
Operator Statoil has decided to side-track the Verbier exploration well in the Moray Firth of the UK North Sea, despite reaching a water bearing reservoir in the original target. Wireline log data suggested indications of the potential…
Lundin Norway has completed two appraisal wells on the Alta oil and gas discovery in license 609 the Barents Sea. Wells 7220/11-4 and 7220/11-4 A were drilled using the Leiv Eiriksson semisubmersible drilling rig about in 402m water depth…
From 30 January to 3 February 2017, the Petroleum Safety Authority Norway (PSA) carried out an audit of the planning and execution of work on hydrocarbon-carrying systems for Eni's Goliat facility. The audit was a sub-activity of an audit series that will continue throughout 2017…
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