Mexico’s oil and gas industry entered a new era on Monday when President Enrique Pena Nieto signed the long-awaited secondary legislation of the country’s recent energy reform into law, opening the country to private investment. The signing…
African Petroleum Corp. announced that it has entered into an agreement with Buried Hill Africa Ltd. to farm-out a 10% interest in Block CI-509 offshore Côte d’Ivoire in return for Buried Hill funding 21.1% of the cost of the next exploration…
Nido Petroleum Ltd., on behalf of SC 63 joint venture partners state-owned Philippine National Oil Co. Exploration Corp. (PNOC-EC) and Dragon Oil Ltd., announced that the Baragatan-1A well was spudded May 25. The wellsite is in Service Contract 63…
Rosneft's President and Chairman of the Management Board Igor Sechin met with Fu Chengyu, Chairman of China Petroleum and Chemical Corp (Sinopec) in Beijing today, 15 May 2014. Rosneft reported that the parties discussed a wide range…
ION Geophysical Corp. today announced it has been awarded permits to acquire 12,600km of seismic data offshore Peru. The 2D multi-client survey, known as PeruSPAN, covers the offshore margin from the Talara basin in the north, to the Pisco basin in the south…
The Sunbird-1 exploration well in area L10A offshore southern Kenya is to be plugged and abandoned after finding hydrocarbons. Pancontinental Oil & Gas, which holds 18.75% WI in the BG Group-operated well, said while hydrocarbons were found…
Masirah Oil Ltd. has said hydrocarbons were found in several formations during exploration well drilling in Block 50, offshore Oman. The well was Masirah's second in Block 50, and reached afinal depth of 3000m in the Cambrian formation…
Cameroon's state oil company National Hydrocarbons Corp. (SNH) announced that it will offer a licensing round for four blocks, three offshore: Bomana, Lungahe, and Ndian River, all in the Rio Del Rey basin. The Bomana block covers 139…
Twenty-one companies have dropped out of the final cycle of bidding in the Myanmar offshore license round, Reuters news service reported on Friday. The licensing round offers 30 offshore areas, including 11 shallow water blocks and 19 deepwater blocks…
On Oct.1, Brazil's National Petroleum Agency (Agência Nacional do Petróleo, ANP) said that 11 companies were registered and qualified to bid for pre-salt licenses at the upcoming Santos basin auction. The ultra-deepwater Libra field is estimated…
The Myanmar-China natural gas pipeline is now delivering hydrocarbons produced from the Bay of Bengal, offshore Myanmar, to China. The soon-to-be complete, parallel oil pipeline will transport Middle East and African oil. The pipeline projects have five investors from four countries: China…
ION Geophysical Corp. established a GX Technology (GXT) seismic data processing center in Perth, to serve the needs of oil & gas companies in Australia and throughout the Asia-Pacific region. The new center is staffed with experienced geoscience…
Recent offshore drilling by Apache and Anadarko help gauge the potential of the Lamu basin. Vision 2030 is Kenya’s development strategy which aims to transform the economy and “create a globally competitive and prosperous nation with a high quality of life by 2030…
South Africa's national oil company, PetroSA, signed a Technical Cooperation Permit (TCP) for Block 3A/4A with Sasol. The block is located in the Orange basin, off the country's west coast. Block 3A/4A covers 19,066 sq km, with water depths ranging from 100-500m…
ExxonMobil Corp. announced that its Liberian affiliate has acquired from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL) 80% interest in Liberia Block 13 (LB-13)Map of LB-13 off Liberia (Image: COPL)The block comprises more than 625,000 acres (2…