Eco Atlantic Oil & Gasand Tullow Oil subsidiary companies entered into a 10-year agreement with the government of Guyana to explore the deepwater Orinduik block, offshore Guyana, South America. Map of the Orinduik block…
Norway's latest awards in predefined areas (APA) license round has been hailed a success with some 56 exploration licenses being offered on the Norwegian Continental Shelf. The APA rounds offer acreage in known areas on the shelf, rather than frontier acreage…
Two Israeli firms are eying a multi-trillion cubic feet deepwater gas field offshore Israel. According to a resource report by Netherland, Sewell & Associates, the Og field lower sand contains 8.84 Tcf best estimate, unrisked gross prospective…
Searcher Seismic has started Phase 2 of the Silver-Eye Broadband 3D survey in the Barents Sea, offshore Norway. Following the successful acquisition of Phase 1; comprising 2663 sq km, Searcher is now acquiring additional broadband 3D data in the area…
The United Arab Emirates (UAE)'s chances for taking on some of the world’s future floating production and storage offloading (FPSO) vessel construction are diminishing as the global market looks set to stall for at least five years, with local demand for floating facilities little better…
The second appraisal well, SNE-3, to be drilled on the SNE oil field, 100km offshore Senegal, has been re-entered and will now be drilled to planned total depth. SNE-3 well, located approximately 3km south of the initial SNE-1 discovery well…
HitecVision merged three oil companies into Point Resources, a robust mid-sized independent oil company focused on the Norwegian Continental Shelf (NCS). The new company will engage in both exploration, development and production on the NCS…
Over the weekend, the six world powers (P5+1), European Union (EU), and Iran reached an agreement that lifted sanctions on Iran’s oil production that will see Western nations enter Iran for oil exploration and production for the first time in more than a decade…
Anadarko Petroleum achieved first oil at Heidelberg in the deepwater Gulf of Mexico last week. Map of Heidelberg. Courtesy of Anadarko. Heidelberg is located in Green Canyon 859…
Statoil is decreasing cost estimates for the first phase of the giant Johan Sverdrup field by up to 42%, with development costs expected to decrease further, according to partner Det norske. Illustration of the Johan Sverdrup field…
Atlantic margin focused explorer Chariot Oil & Gas has started a 3D seismic acquisition survey of approximately 2600sq km in Blocks 2312 & 2412A (the “Central Blocks”) offshore Namibia. The survey is being conducted by PGS Exploration…
Amec Foster Wheeler's outspoken CEO Samir Brikho has stepped down today, the firm announced this morning. Ian McHoul, the firm's CFO, has been appointed into the role of interim CEO with immediate effect and will chair the group leadership team while the search for the new CEO is conducted…
Suncor Energy's latest exploration well close to to the Balder field has been classified as dry by the Norwegian Petroleum Directorate. Exploration well 25/10-14 S was drilled on production license 571 near the Balder field offshore Norway…
JX Nippon Exploration and Production has agreed a deal to use Odfjell Drilling's semisubmersible Deepsea Stavanger to drill an exploration well west of Shetland on the UK Continental Shelf. Contract duration is estimated to be between 60 and 75 days and expected commencement is Q2 2016…
Representatives from Spanish oil and gas explorer Repsol met with Guyana's President David Granger to seek an extension to continue exploratory work in the Kanuku Block, offshore the South American country, the Ministry of the President announced on 13 January…
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