HRT Participações em Petróleo S.A.announced that the Moosehead-1 well, the third offshore well in its exploratory drilling campaign, is a dry hole. The Moosehead prospect is in Petroleum Exploration License 24 (PEL-24), in the Orange basin…
Ithaca Energy has agreed string of farm-out deals on a number of UK North Sea assets. Newly formed private-equity backed Oyster Petroleum is to take a 9% working interest in west of Shetland licences containing the Handcross prospect…
Duma Energy Corp. signed a Letter of Intent to acquire 100% of the outstanding stock of Houston-based Hydrocarb Corp. In August 2012, Duma purchased a 39% working interest in Hydrocarb’s highly prospective 5.3 million-acre Owambo Basin concession in northern Namibia…
HRT Participações em Petróleo has started drilling the Moosehead-1 exploration well offshore Namibia. The well (2713/16-1) is its the third offshore well in HRT's current exploration campaign. It is targeting the Moosehead prospect…
Eco (Atlantic) Oil & Gas is planning 3D and 2D seismic campaigns after being granted a one year extension on two exploration licenses offshore Namibia. The extension to the Guy (2111B & 2211A) and Sharon (2213A & 2213B) licenses, both in the Walvis Basin…
Eco Oil & Gas (Atlantic) is planning seismic surveys after receiving a one-year extension on two exploration licenses off Namibia. The extension to the Guy (2111B & 2211A) and Sharon (2213A & 2213B) licenses, both in the Walvis basin, will…
Globetrotting. OE sought to uncover which new offshore regions are being targeted as potential new markets. Here’s what our think tank had to say: “Geographically, what offshore region will emerge next as a new market?” Chariot…
A group of 24 nations and the EU are meeting in Bremerhaven, Germany, July 11-16, to discuss revised proposals to create two marine protected areas (MPAs) in the ocean surrounding Antarctica. If approved, these may become the largest marine reserves on Earth…
A subsidiary of Brazil-based explorer HRT said its first exploration well offshore Namibia has found oil - but not in commercial volumes. HRT Walvis Petroleum said the well, Wingat-1 2212/07/1 in PEL-23, spudded on March 25, was drilled in water about 1…
HRT's wholly-owned subsidiary HRT Walvis Petroleum Ltd., has the spud-in of the Murombe-1 (2212/06-1) off Namibia, the second offshore well in its back-to-back exploratory drilling campaign. The well is targeting the Murombe Prospect…
HRT’s wholly-owned subsidiary HRT Walvis Petroleum Ltd., spud the Wingat-1 (2212A/07) exploration well offshore the Republic of Namibia. The Wingat-1 well, which targets the Wingat Prospect inside Petroleum Exploration License 23, is located…
Exploration is expanding from West Africa’s Sierra Leone to Namibia, explains Bruce Nichols, led by sustained high oil prices, improving technology, relative political stability and a more supportive operating environment. Cobalt’s potentially…
HRT's wholly-owned subsidiary HRT Walvis Petroleum Ltd., spud the Wingat-1 (2212A/07) exploration well offshore the Republic of Namibia. The well is the first in HRT's back-to-back exploratory program in the Walvis Basin, the company announced on 25 March 2013…
Rune Eng, president and CEO, provides the answers to why Spectrum is emerging as a key player in the market for multiclient marine seismic surveys and where the company is heading with its business. Before joining Spectrum in 2010 Rune…
Repsol said its upstream unit was becoming its growth engine after posting a 56% growth in operating income to €2.208 billion compared to a 6.1% drop in the firm’s overall net income.The firm said the increase in upstream business “demonstrated…
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