Carnarvon Petroleum has increased its resource estimates by 32% at Quadrant Energy’s Phoenix South discovery offshore Western Australia, with hopes of reaching 1Tcf of gas and more than 100 MMbbl oil and condensate within an area. Phoenix…
Sri Lanka’s government is offering a tender for Block M2 later this year, giving companies opportunities to undertake appraisal and development of gas discoveries and prospects, according to the country’s Ministry of Petroleum Resources Development…
Quadrant Energy is planning formation testing on the Roc-2 well over the next 7-10 days, according to partner Carnarvon Petroleum. Carnarvon announced a discovery on the well, in the North West Shelf, offshore Western Australia, earlier this month…
Freeport-McMoRan’s (FCX) net loss of US$4.1 billion in Q4 2015 has led to several cuts across the company, including deferring exploration and development activities in the Gulf of Mexico by idling its three deepwater drillships that are currently under contract…
Seadrill is exercising its right to cancel the construction of the newbuild West Mira after Hyundai Heavy Industries failed to deliver the vessel on time. West Mira illustration. From Seadrill…
Seadrill is keeping with its cost management program in part by delaying newbuilds, but still experienced a 7.8% decrease in revenue in 2Q 2015. The West Vela. From Seadrill. Currently…
Phoenix, Arizona-headquartered Freeport-McMoRan boosted its production estimates on both its Holstein Deep and Dorado developments in the Gulf of Mexico, the company announced on 4 December. Freeport-McMorRan said it expects to achieve 30…
Trinity Exploration & Production spudded the El Dorado exploration prospect, located offshore the west coast of Trinidad in the PGB license in 6ft of water. The well is 2km from Trinity-operated production infrastructure. Trinity is operating…
Trinity Exploration & Production spud the El Dorado exploration prospect today. The well is located off the west coast of Trinidad in the PGB license in 60 ft of water, about 2km from Trinity-operated production infrastructure. Trinity…
Freeport-McMoRan Copper & Gold (FCX) is one of the world’s largest mining companies, but it is expanding its interests in North American oil and gas. FM O&G has about 1200 Houston-based employees, and has additional offices in California…
Trinity Exploration & Production plc, an independent focused on Trinidad and Tobago, issued an update today on its upcoming exploration program. Trinity plans to spud two offshore exploration wells in 4Q 2013, one on the west coast (El…
Venezuela and Trinidad and Tobago announced Wednesday that the former’s state-held oil company Petróleos de Venezuela, S.A. (PDVSA) will develop an offshore natural gas field in partnership with Chevron. This agreement marks the end of a…
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