"Sea Lion" News

Esgian Week 9 Report: Dolphin, Diamond and Seadrill Updates

Mar 03, 2024

Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oil’s recent announcement that it would take a break from drilling offshore Ghana…

Esgian Week 4 Report: Spotlight on Drilling Activities and Discoveries

Jan 26, 2024

Esgian's latest market roundup for the fourth week of 2024 brings several updates on new oil discoveries and plans for exploration drilling across the world, together with reports about new contracts and mobilization of rigs.  ContractsDragon…

Sea Lion Offshore Project in Falkland Islands Could Finally Reach FID in 2024

Mar 24, 2023

A final investment decision for the long-stalled Sea Lion development offshore the Falkland Islands could be reached in 2024, Rockhopper, a partner in the project, said Friday, after Navitas Petroleum, the project operator, presented it with an updated development plan…

Falkland Islands: Argos Resources Plans to Wind Up Company After Sale of Sole Asset PL001

May 03, 2023

Oil and gas exploration company Argos Resources is set to sell its sole asset, the PL 001 production license in the North Falkand Islands, which is estimated to hold around 3 billion barrels of oil, to JHI. After completing the transaction,…

Saipem Wins Offshore Drilling Contracts Worth $800M

Nov 15, 2022

Italian energy industry services firm Saipem said Wednesday it had secured new offshore drilling contracts, three in the Middle East and two in West Africa, worth around $800 million in total.  In the Middle East, two new contracts have been awarded for two high-specification jack-up drilling units…

Oil Firm Rockhopper 'Disappointed, But Not Surprised' as Italy Seeks to Overturn Ombrina Mare Ruling

Oct 31, 2022

Oil and gas company Rockhopper Exploration said Monday that Italy was working to annul the August ruling by an arbitration panel under which Italy has to pay 190 million euros plus interest to Rockhopper for breaching its obligations related to the company's Ombrina Mare field in the Adriatic Sea…

Ombrina Mare Dispute: Italy Has to Pay 190M Euros to Rockhopper Exploration

Aug 24, 2022

Italy will have to pay 190 million euros plus interest to the oil and gas company Rockhopper Exploration for breaching its obligations related to the company's Ombrina Mare field in the Adriatic Sea.The oil company - now mainly focused on Falkland…

Navitas to Become Operator of Sea Lion Development Offshore Falkland Islands

Apr 19, 2022

Navitas Petroleum has agreed to farm into the Sea Lion oil field development project offshore the Falkland Islands.  In January 2020, Premier Oil, as the Sea Lion operator, and Rockhopper, as the partner in the project, signed non-binding heads of terms with Navitas Petroleum…

Argos Gets Offshore License Extension in Falkand Islands

Apr 11, 2022

Falkland Islands-focused oil and gas exploration company Argos Resources said Monday that the Falkland Islands government has extended the second term of the company's PL001 offshore license.The license, which would have expired on May 2, 2022…

Harbour Energy Seeks to Exit Sea Lion Offshore Project in Falkand Islands

Sep 23, 2021

Harbour Energy, a London-listed oil firm created through a merger between Chrysaor and Premier Oil, has decided to exit the Sea Lion oil field development in the Falkland Islands.The company has a 60 percent stake in the oil field, with Rockhopper Exploration holding the remaining 40 percent stake…

Rockhopper Eyes Cheaper Development Option for Falkland Islands Oil Field as Partner Set to Exit

Sep 30, 2021

Oil and gas company Rockhopper Exploration on Thursday affirmed its intention to press ahead with the development of the Sea Lion offshore oil field in the Falkland Islands, a week after its partner decided to pull out.Rockhopper Exploration…

Falkand Islands Gov't Gives More Time to Sea Lion Field Partners

Mar 05, 2021

The Falkland Islands government has agreed to extend the terms of several offshore oil and gas licenses, including the one containing the undeveloped Sea Lion field, oil and gas company Rockhopper has informed.To remind, Premier Oil, the operator of the Sea Lion development…

Premier Oil, Rockhopper, Navitas Take More Time for Sea Lion Deal

Nov 30, 2020

Oil and gas firm Rockhopper Exploration, with an interest in the Sea Lion project off the Falkland Islands, and Premier Oil as the operator, have reached an agreement with Israeli firm Navitas Petroleum to extend the exclusivity period for the latter's farm-in into the project…

Eni Extends Saipem 10000 Drillship Term until 2023

Feb 25, 2021

Italian oil giant Eni has recently extended the contract for Saipem's Saipem 10000 drillship.The news was shared by the Italian energy services company Saipem on Thursday in its full-year and fourth-quarter 2020 report.'The most significant…

Premier Oil Shelves $1.8B Falkland Islands Offshore Project

May 13, 2020

UK-based oil and gas operator Premier Oil has said it has suspended the Sea Lion-1 oil project offshore the Falkland Islands.The company said the $1.8 billion offshore oil project would be suspended to minimize ongoing spend in light of the current market conditions…

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