07 Dec 16Iran: PTTEP signs MoU to study three fields in Iran
National Iranian Oil Company (NIOC) and PTT Exploration and Production (PTTEP) have signed a memorandum of understanding on to carry out preliminary studies of three oil fields in Iran.
07 Dec 16US: Devon Energy announces resource expansion in the Delaware Basin with successful Leonard Shale spacing test
Devon Energy has announced an increase to its risked drilling inventory in the Delaware Basin following a successful Leonard Shale stacked spacing test in southeast New Mexico.
07 Dec 16Iran: Shell to sign initial Iran oil and gas development deals
Royal Dutch Shell will sign initial agreements on Wednesday to develop Iranian oil and gas fields, an Iranian official said, the first deal by the world's second biggest listed oil firm in Iran since sanctions were lifted.
07 Dec 16Trinidad: LGO Energy signs new funding agreement - recommences drilling ops at Goudron
LGO Energy has signed a new US$8.6 million funding agreement, which will be used towards recommencing its development drilling program at the Goudron field in Trinidad.
07 Dec 16Israel: Energean Oil & Gas acquires Karish and Tanin natural gas fields offshore Israel
Energean Oil & Gas has acquired 100% of the Karish and Tanin natural gas fields offshore Israel from Delek Drilling and Avner. Energean plans to submit a Field Development Plan for both fields in mid-2017.
07 Dec 16Polarcus announces Q4 and full-year 2016 update
Polarcus updates its guidance relative to multi-client prefunding estimated for the full year 2016. Based on preliminary numbers, the Company expects to report a prefunding level of 120% and an estimated multi-client investment of USD 45 million for the full year 2016.
07 Dec 16Kazakhstan's Kashagan field to yield 8.9 mln tonnes in 2017 - minister
Kazakhstan's giant offshore Kashagan field is expected to produce 8.9 million tonnes of oil in 2017 (about 192,000 barrels per day), according to Kazakh Energy Minister Kanat Bozumbayev.
07 Dec 16UK: Petrofac’s integrated approach secures North Sea contract extension
Petrofac is set to build on its provision of integrated support services on the Cygnus gas field following the award of a four and a half-year contract extension.
07 Dec 16Independent Resources announces update on Placing
Independent Resources has confirmed that the Placing announced on 6 December 2016 was fully subscribed, with the Company raising gross proceeds of £766,596.
07 Dec 16Iraq: Exxon relinquishes three exploration blocks in Kurdistan
ExxonMobil is reported to have pulled out of half of the six exploration blocks it operated in the Kurdistan region of Iraq.