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29 May 16
Argentina to boost crude oil output to 653,000 bpd by 2025
Argentina aims to eliminate its need for crude imports while increasing domestic oil output to 653,000 barrels per day (bpd) in 2025, a 23 percent increase from 2015, an official from the Energy Ministry said.
29 May 16
Iraq: Gulf Keystone receives payment for Shaikan crude
Gulf Keystone Petroleum has announced that a gross payment of $6.0 million has been received from the Kurdistan Regional Government for Shaikan crude oil exports in April 2016.
29 May 16
Indonesia confirms East Ambalat contract transfer to Pertamina
The Indonesian government has handed over the contract for East Ambalat's oil and gas block to Pertamina, a move expected to boost the state-owned energy company's oil and gas production for the next three decades.
29 May 16
Rosneft and Pertamina sign agreement on long-term cooperation
Rosneft and Pertamina have signed a framework agreement on cooperation. The Parties have agreed to perform a bankable feasibility study to finance the project of construction of the new refining and petrochemical complex Tuban in East Java, Indonesia.
29 May 16
Kuwait to spend $115 billion on energy projects
Kuwait has earmarked 34.5 billion dinars ($115 billion) to spend on oil projects over the next five years, despite the slump in oil prices, a senior executive said.
29 May 16
Hercules Offshore to file for bancruptcy a second time
Hercules Offshore said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.
29 May 16
Israel: Leviathan partners sign $3 billion Israeli natgas supply deal
The partners in Israel's Leviathan natural gas field said on Sunday they had signed a deal to supply as much as $3 billion worth of gas to a new private power plant in central Israel.
29 May 16
Norway: Det norske completes West Cable appraisal wells 16/1-26 S and 26 A - increases Ivar Aasen field resources
Det norske oljeselskap, operator of production licence PL 001 B, has concluded the drilling of appraisal wells 16/1-26 S and 16/1-26 A. The wells were drilled to appraise the 16/1-7 (West Cable) oil discovery, which is part of the Ivar Aasen field.
29 May 16
UK: Maersk Drilling acquires newbuild Hercules Highlander jack-up for Culzean gas field
Maersk Drilling has entered into a definitive agreement to acquire the newbuild harsh environment jack-up rig formerly named Hercules Highlander. The rig will commence a five-year drilling contract at Maersk Oil's Culzean development in the UK North Sea.
27 May 16
UK: GC Rieber secures charter for Polar Onyx
GC Rieber Shipping has secured a cable lay charter with marine solutions and specialist engineering service provider James Fisher Marine Services for the SURF vessel Polar Onyx for services in the British Sector.
27 May 16
Mozambique: Sasol begins Mozambique development drilling
Sasol's field development plan (FDP) for the Production Sharing Agreement (PSA) licence in Inhambane province, Mozambique, has reached an important milestone with the commencement of the drilling of the first well.
27 May 16
UK: Independent Oil & Gas announces preliminary results - updates UK operations
AIM-listed Independent Oil and Gas has announced its preliminary results for the Year Ended 31 December 2015 and provided an update on its operations offshore UK.
27 May 16
Argentina: President Energy announces Argentina drilling update
AIM-listed President Energy has announced a further update on its activities in Argentina. The Company's normalised production from its Puesto Guardian Concession is running at over 500 bopd with a new workover programme underway.
27 May 16
Australia: Real Energy completes five stage stimulation at Tamarama-1 well in the Cooper Basin
Cooper Basin focused oil & gas exploration company Real Energy has completed the five-stage fracture stimulation program of the Tamarama-1 well.
27 May 16
US: Emerald Oil enters into stalking horse asset purchase agreement
US company Emerald Oil has announced that it has entered into a stalking horse asset purchase agreement with a buyer formed and owned by CL Energy Opportunity Fund and SSC Emerald to sell substantially all of the Company's assets.
27 May 16
Iraq: Genel Energy receives payment for KRI oil exports from Taq Taq field
Genel Energy has announced that the Taq Taq field partners have received a payment of $11 million from the Kurdistan Regional Government (‘KRG’) for oil sales during April 2016.



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