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03 Mar 15 Brazil plans new oil-rights auction in the second half of 2015
Brazil plans to hold its 13th round auction of oil and natural gas exploration and production rights in the second half of 2015, Mines and Energy Minister Eduardo Braga said on Tuesday.
03 Mar 15 Brazil's oil and gas output above 3 million barrels a day for second month
Brazil produced more than 3 million barrels of oil and equivalent natural gas a day (boepd) for the second straight month in January, 20 percent more than a year earlier, as the country benefited from the startup of long-delayed production systems.
03 Mar 15 Egypt: Energean commences exploration programme in the West Kom Ombo block in Egypt
Energean Oil & Gas is launching a new US$6 million investment programme in Egypt, aiming to locate a hydrocarbon field in the West Kom Ombo block. West Kom Ombo is located in the South Central Desert in Upper Egypt and has a geological structure similar to the neighbouring Al Baraka oil field.
03 Mar 15 Ghana: Maersk Drilling secures contract for ultra deepwater drillship Maersk Voyager
Maersk Drilling has been awarded a contract from Eni for employment of the newbuild drillship Maersk Voyager. The firm contract period is 3.5 years with an option to extend by one year. Maersk Voyager will work on the Offshore Cape Three Points (OCTP) Project offshore Ghana with expected commencement in July 2015.
03 Mar 15 New Zealand: Mosman Oil and Gas preparing to test Crossroads-1
AIM-listed Mosman Oil and Gas, the New Zealand and Australia focused oil exploration and development company, has provided an update on recent operational activity at Cross Roads-1. The Company has recompleted the well and installed the downhole pump and nodding donkey prior to flow testing.
03 Mar 15 Anadarko Petroleum cuts 2015 capex by a third
Anadarko Petroleum said on Tuesday it will reduce spending by about 33 percent this year, as the exploration and production company responds to lower crude oil prices.
03 Mar 15 TAP invites companies to pre-qualify for offshore pipeline under Adriatic Sea
Trans Adriatic Pipeline (TAP) has launched two pre-qualification contracts for the construction of the 105 km offshore pipeline section under the Adriatic Sea. The greatest depth the pipeline will be laid is 820 meters.
03 Mar 15 Tunisia: Independent Resources announces trading update - seeking partners for Ksar Hadada licence onshore Tunisia
Independent Resources reports that management continue to progress farm out discussions in relation to the Group's working interest in the Ksar Hadada licence onshore Tunisia.
03 Mar 15 Madagascar Oil announces operational and development planning update
Madagascar Oil, an AIM listed company focused on the development of heavy oil and conventional oil and gas deposits in five onshore blocks in Madagascar, has provided an update on the Group's operations and on its latest development planning activities.
03 Mar 15 Ireland: Providence Resources provides technical update on the Drombeg Prospect, southern Porcupine Basin
Providence Resources has provided a technical update on its Lower Cretaceous Drombeg exploration prospect in the southern Porcupine Basin, offshore south-west Ireland. The Drombeg prospect, which is situated in Frontier Exploration Licence (FEL) 2/14, has been previously mapped as a significant Lower Cretaceous stratigraphic amplitude/AVO supported exploration target.
03 Mar 15 Falklands: Rockhopper and Falklands Oil & Gas Exploration announce update on Falklands drilling programme
Rockhopper Exploration and Falkland Oil and Gas have announced that the drilling unit Eirik Raude has arrived in the North Falkland Basin and will shortly be moving to location to commence the first well, on the Zebedee Prospect, of the six well drilling campaign.
03 Mar 15 UK: Egdon announces update on Wressle-1 well testing - results of Penistone Flags flow test and forward programme
Egdon Resources has provided a further update on the ongoing well test operations at the Wressle-1 oil and gas discovery in licence PEDL180 located to the East of Scunthorpe.
03 Mar 15 UK: Russian tycoon clashes with Britain over North Sea deal
Russian billionaire Mikhail Fridman said on Monday he would buy a number of gas licenses in the North Sea despite British opposition, threatening legal action if London should force him to sell them on to a third party.
03 Mar 15 Ghana: Tullow falls on worries legal dispute could delay Ghana project
Tullow Oil lost over 200 million pounds ($308 million) of its market value on Monday, hit by concerns that a boundary dispute between Ivory Coast and Ghana could delay a project off the coast of West Africa. The Africa-focused firm is developing the TEN project off the coast of Ghana, in waters over which there is a maritime boundary dispute between Ghana and Ivory Coast.
03 Mar 15 Russia's Gazprom Neft says 2014 net profit down 32 percent
Russia's Gazprom Neft, the oil arm of gas producer Gazprom, said on Monday its net profit declined by 32 percent to 122.1 billion rubles ($2 billion) in 2014 due to a weaker rouble.
02 Mar 15 Petrobras to sell $13.7 billion in assets in 2015 and 2016
Petrobras plans to dispose of as much as $13.7 billion in assets this year and next as part of efforts by Brazil's largest state-controlled company to reduce debt and protect cash.
02 Mar 15 Thailand: Pan Orient Energy's L53-ANC1 exploration well offshore Thailand disappoints
Pan Orient Energy reports that the L53-ANC1 exploration well, the first of a three well drilling program on Concession L53, which was targeting the high impact L53-A North Central prospect ('ANC-1'), has been plugged and abandoned after failing to encounter commercial hydrocarbons.
02 Mar 15 Peru: Gran Tierra Energy halts development of its Bretana heavy oil field in Peru
Gran Tierra made the decision to cease all further development expenditures on the Bretaña field on Block 95 in Peru other than what is necessary to maintain tangible asset integrity and security. The high capital investment, associated debt financing and long-term payout horizon of this project does not align with Gran Tierra's current strategy.
02 Mar 15 Philippines: Force majeure granted on Forum Energy's SC72, offshore Philippines
AIM-listed Forum Energy has confirmed that the Philippine Department of Energy has granted a force majeure on Service Contract 72 (SC72) because the contract area falls within the territorial disputed area of the West Philippine Sea, which is the subject of an United Nations arbitration process between the Republic of Philippines and the People's Republic of China.
02 Mar 15 GoM: August Lease Sale 246 to offer all available acreage in the Western Gulf of Mexico
Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper on Monday announced the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale in August 2015 that will include all available unleased areas in the Western Gulf of Mexico Planning Area.
02 Mar 15 Netherlands: Dutch government apologises for risky gas production
The Dutch government apologised on Monday for ignoring risks posed by earthquakes caused by production of natural gas in the northern province of Groningen.
02 Mar 15 Ophir Energy completes acquisition of Salamander Energy
Ophir Energy announced Monday that the Scheme has now become effective and the entire issued ordinary share capital of Salamander is owned by Ophir.
02 Mar 15 Brazil: Technip awarded major contract to supply high technological flexible pipes for Lula Alto pre-salt field
Technip has been awarded a major contract from Tupi BV, a consortium composed of Petrobras Netherland (PNBV, 65%), BG (25%) and Galp (10%), for the ongoing development of the Lula Alto field, located in the Santos Basin pre-salt area, Brazil.
02 Mar 15 Colombia: PetroNova announces successful production testing of its Pendare 3H horizontal appraisal well
PetroNova has announced positive production testing results of its Pendare 3H horizontal appraisal well on its CPO-13 Block, onshore Colombia.
02 Mar 15 Mart Resources enters into non-binding letter of intent for sale of the company
Mart Resources has entered into a letter of intent with Midwestern Oil and Gas Company, the operator of and one of Mart's co-venturers in the Umusadege field, for the sale of the Company.
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