Statoil has made a small discovery about 5.5km west of the Oseberg South field in the central part of the Norwegian North Sea. The primary exploration target was to prove petroleum in Lower and Middle Jurassic reservoir rocks (the Tarbert formation and upper part of the Statfjord group)…
Current oil prices does little to support exploration and expanding developments. However, keeping an eye on the future, sub-saharan African nations show promise. Western African countries, such as Nigeria, have already seen the benefits…
Global inspection, repair and maintenance (IRM) company Harkand signed a new joint venture agreement with ESOPEG Lda in Angola, its first strategic partnership in the country and third in the region. The newly formed company Harkand Angola Lda…
Zennor Petroleum entered into a conditional sale and purchase agreement with the joint administrators of First Oil Expro, a company within the First Oil Group, to acquire subsidiary companies First Oil & Gas and Antrim Resources. These…
Orca Exploration Group has successfully completed its offshore workover and drilling program, of the Songo Songo main field development, offshore Tanzania. The workover and drilling program at Songo Songo included workovers on three existing wells (SS-5…
The first development offshore Mozambique in the Rovuma basin has been given the thumbs by the country's government. Eni is planning a six-well subsea to 3.4 MTPA floating LNG development for the Coral discovery, in Area 4 in the Rovuma basin…
Petrobras awarded Fugro a one-year inspection, repair and maintenance (IRM) contract for operations offshore Brazil. Under the contract Fugro will deploy its new 83m ROV support vessel, Fugro Aquarius, for the IRM activities. The contract comes with an option for an additional year…
In this video, Island Offshore shows a successful pilot hole that was drilled for Centrica Energy by using open water coil tubing. Multi purpose offshore vessel, the Island Constructor, drilled a shallow gas pilot hole down to 360m below mudline at the Butch PL 405-field…
Shell has signed a five-year exploration contract in Bulgaria's Black Sea. The firm plans to invest about US$20.5 million to explore gas and oil deposits in the Silistar block, including seismic surveys, Energy Minister Temenuzhka Petkova told reporters in Sofia Tuesday…
iOG Solutions and eDrilling today announced the formation of a partnership aimed at better serving exploration and production companies operating in the Middle East and India. iOG Solutions and eDrilling has partnered up to provide an…
Wintershall's Kvalross exploration well in the Norwegian sector of the Barents Sea (Faroe 40%) is being abandoned after it was found to be non-commercial. The well, 7224/2-1, was spudded on 11 January, and reached a total vertical depth of 2917m in the Lower Triassic Havert formation…
José Antonio González Anaya has only been on the job for two weeks, but he’s ready to work. The new head of Pemex made his debut at IHS CERAWeek on Tuesday afternoon in a discussion session with IHS moderators Daniel Yergin and Carlos Pascual…
Transocean has received a notice of early termination from Esso Exploration Angola (Block 15) Limited for the ultra-deepwater semisubmersible GSF Development Driller I. The rig's drilling contract is expected to end in May 2016 with the demobilization completed in June 2016…
Global oil prices are bound to turn around to play its part of the oil and gas industry’s cyclical series that has been in place for decades, with standardization playing a key role, industry experts said at IHS CERAWeek in Houston on Tuesday…
Saudi Arabia’s oil minister Ali bin Ibrahim Al-Naimi has no concerns about current and future demand, he told delegates at IHS CERAWeek on Tuesday. “The bottom line is that the world demands 90 MMbo/d and long-term this will increase…
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