Quadrant Energy’s Phoenix South-2 (PS-2) well is expected to commence in the next seven days to appraise the Phoenix South-1 oil discovery in the Barret Sandstone and evaluate the deeper Caley Sandstone, akin to the Roc field, for gas and condensate…
Australian energy giant Woodside will acquire half of BHP Billiton’s Scarborough gas assets in the Carnarvon Basin, offshore Western Australia. Woodside will pay US$250 million on completion of the transaction and a contingent payment…
DEA has submitted the plan for development and operation (PDO) for the Dvalin field (previously named Zidane) to the Ministry of Petroleum and Energy in Norway. Dvalin will be the company’s first operated field development project in Norway…
FAR Ltd. is exercising its pre-emption rights over the proposed sale of ConocoPhillips interests in Senegal to Woodside Petroleum, a deal that was struck in July. Map from FAR. In mid-July…
BP and the Area 4 concession partners, Eni East Africa (EEA), Galp Energia (Galp), Kogas and Empresa Nactional de Hidrocarbonetos (ENH), entered into a sales and purchase agreement for BP to purchase 100% of the liquefied natural gas (LNG)…
FAR Ltd. has upgraded its contingent resources estimates for Cairn Energy’s SNE oilfield offshore Senegal in West Africa, and led the firm to suggest a standalone floating production and storage offloading (FPSO) development for the field…
Aker BP has agreed to acquire interests in eight licenses from Tullow Norge, including 15% in the Centrica-operated Oda (previously known as Butch) discovery in PL 405 on the Norwegian North Sea. Aker BP - a new company formed from the…
Hyperdynamics Corp. received an updated exploration risk assessment of its top two drilling prospects offshore Guinea, that materially increases the probability of exploration success for both. The improved risk assessment follows the…
German oil firm Wintershall has made a minor discovery near the Vega field in the Norwegian North Sea, according to the Norwegian Petroleum Directorate. The discovery was made as part of a four-well drilling campaign in production license 248 F…
French operator ENGIE E&P has made a 25-70 MMboe discovery in the Cara well in the Norwegian North Sea. The well was drilled using the Transocean Arctic semisubmersible, in 349m water depth. It is 6km northeast of the ENGIE-operated Gjøa field (pictured)…
Oil major Shell is planning to start exploration drilling offshore Tanzania later this year, according to partner Ophir Energy. The drilling program, due to start in Q4, will comprise two wells on Blocks 1 and 4 and target >1 Tcf of gas…
Norwegian floating production firm Sevan Marine has been awarded a study to evaluate use of its cylindrical hull design for use on the Wisting field, the northernmost oil discovery offshore Norway. OMV is screening various floating alternatives…
Statoil and Tullow Norge have entered an agreement for Statoil to increase its equity in four licenses on the Norwegian continental shelf (NCS), which includes the Wisting discovery in the Barents Sea. The deal includes Tullow transferring…
Independent explorer Cairn Energy is looking to restart drilling offshore Senegal 'shortly' with some 500 MMbbl extra resources in its sights, the firm said this morning. The latest drilling program off Senegal, will include appraisal of the 'world-class' SNE discovery…
Australia's Woodside Energy has agreed to acquire all US oil firm ConocoPhillips' assets offshore Senegal, West Africa, for US$430 million. The move sees Woodside, which has been increasing its Atlantic Margin position, take a stake in…
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