23 Feb 17iSURVEY secures rig positioning and surveying contract with Shell
iSURVEY, a leading provider of survey and positioning services to the global oil and gas, offshore renewables and telecommunications markets, has secured a non exclusive call-off contract with Shell UK Ltd, Shell NAM, Norske Shell and Shell E&P Ireland for the provision of rig positioning and surveying services.
23 Feb 17Israel: Leviathan partners approve FID for development of the Leviathan field offshore Israel
Delek Group reports that the Leviathan partners have taken the Final Investment Decision (FID) for the development of Phase 1A of the Leviathan field, with an annual capacity of 12 BCM, in order to start the flow of natural gas from the Leviathan field by the end of 2019.
23 Feb 17Senegal: Cairn Energy reaches TD at SNE-5 appraisal well, offshore Senegal
JV partner FAR reports that operator Cairn Energy has reached TD at the SNE-5 well, which is the fifth to appraise the SNE oil field offshore Senegal.
23 Feb 17India to auction exploration rights by June - source
India plans to auction some oil exploration blocks by June and will allow bidders to carve out areas where they want to drill in order to attract greater interest, according to a government official.
23 Feb 17US: Nostra Terra announces second Permian Basin acquisition
AIM-listed Nostra Terra has announced the acquisition of producing assets in the Permian Basin, Texas, along with the receipt of funds in connection with the previously announced sale of its interest in the Chisholm Trail Prospect.
23 Feb 17Brazil to lower oil industry local content rules by half - minister
Brazil's government said it would relax local content rules for the oil industry as of September in an effort to attract foreign investment and lower costs that have hindered development of vast offshore reserves.
23 Feb 17Norway: Repsol granted drilling permit for well 6705/7-1 in PL 705
The Norwegian Petroleum Directorate has granted Repsol Norge a drilling permit for well 6705/7-1 in production licence PL 705.
23 Feb 17Australia: Carnarvon Petroleum and Quadrant Energy to drill Dorado-1 well in WA-437-P
Carnarvon Petroleum and Quadrant Energy have commenced commenced planning to drill the Dorado-1 exploration well in WA-437-P, offshore Australia. The aim of the well is to discover additional resources that can be combined with any Roc development.
23 Feb 17UK: OGA launches well P&A optimisation programme
The UK's Oil and Gas Authority (OGA) has launched a search for operators to voluntarily participate in a multi-operator, well plug and abandonment (P&A) optimisation programme.
23 Feb 17Exxon revises down oil and gas reserves by 3.3 billion barrels
U.S. oil major ExxonMobil has revised down its proved crude reserves by 3.3 billion barrels of oil equivalent as a result of low oil prices throughout 2016, a company filing showed on Wednesday.
23 Feb 17PNG: InterOil announces completion of ExxonMobil transaction
InterOil Corp has announced the completion of the previously announced transaction with ExxonMobil under which ExxonMobil acquired all of the outstanding common shares of InterOil.
22 Feb 17Norway has no plan to cut Statoil stake - oil minister
The Norwegian government does not plan to cut its stake in Statoil, oil and energy Minister Terje Soeviknes told parliament on Wednesday. The government holds a 67 percent stake in the oil company.
22 Feb 17New Zealand: NZOG upgrades potential of Barque Prospect in PEP 52717 - farmout available
New Zealand Oil & Gas has updated its analysis of the Barque Prospect in PEP 52717 in the Canterbury Basin and believes there is more potential than previously thought. NZOG is currently in discussions with potential partners to farm out drilling of the prospect.