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27 Jul 16
Trinity Exploration & Production announces loan update
AIM-listed Trinity Exploration & Production has agreed a new moratorium on principal repayments, relating to Trinity's outstanding debt with its senior secured lender, Citibank, until 15 August 2016.
27 Jul 16
Italy: Sound Energy announces Schlumberger investment in upcoming Badile exploration well
Sound Energy, the Mediterranean focused upstream gas company, has announced the signature of an agreement with Schlumberger group entities whereby Schlumberger has agreed to fund Euro 7.5 million of services to be provided by Schlumberger on the forthcoming Badile well.
27 Jul 16
Niger: Savannah Petroleum to acquire 3D seismic in its R3 licence in SE Niger
Savannah Petroleum is preparing to acquire approx. 800km2 of 3D seismic data over part of the Company's R3 license area in south east Niger. The data will provide enhanced definition over 12 existing mapped exploration targets.
27 Jul 16
Australia: Pilot Energy acquires Murphy's North Perth Basin exploration permit WA-481-P
Pilot Energy has executed an agreement with Murphy to acquire a 100% working interest in exploration permit WA-481-P, located in the offshore North Perth Basin, Western Australia.
27 Jul 16
UK: OGA launches 29th Offshore Licensing Round
The Oil and Gas Authority (OGA) has launched the 29th Offshore Licensing Round with more than 1200 blocks on offer to support the OGA’s objective of maximising economic recovery (MER) from the UK Continental Shelf (UKCS).
26 Jul 16
Canacol Energy adds 28 BCF of new 2P gas reserves to the Clarinete gas field with the Oboe-1 appraisal well
Canacol Energy has reported reserves for its Oboe appraisal well tested in March, 2016 on the VIM 5 block. The Oboe-1 well was completed and tested in 3 of 11 different sandstone reservoir intervals within the Cienaga de Oro reservoir.
26 Jul 16
Peru: Baron Oil receives presidential approval for farmout of Block Z-34 to Union
AIM-listed Baron Oil has announced that the outgoing President of the Republic of Peru has signed the Supreme Decree with respect to the assignment of a 30% interest in Block Z-34 from Baron's subsidiary Gold Oil Peru to Union Oil and Gas Group.
26 Jul 16
India, Japan and US partnership discover large amounts of potentially producible gas hydrate in the Indian Ocean
The US Geological Survey (USGS) has assisted the Government of India in the discovery of large, highly enriched accumulations of natural gas hydrate in the Bay of Bengal. This is the first discovery of its kind in the Indian Ocean that has the potential to be producible.
26 Jul 16
Norway: Lundin granted drilling permit for well 7220/6-2 R in PL 609
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for well 7220/6-2 R in PL 609. The well, which was suspended in November 2015 due to winter restrictions on the use of the Island Innovator drilling rig in the Barents Sea South, will test the Neiden Prospect.
26 Jul 16
Australia: Spectrum upgrading 3D seismic offshore NW Australia
Spectrum has commenced broadband reprocessing of its Zeus and Zeebries 3D datasets as part of an extensive new Broadband 3D seismic project that is set to facilitate exploration offshore NW Australia. The Olympus Project will provide a regional viewpoint along one of the most prolific trends on the NW Shelf.
26 Jul 16
Norway: Det norske installs Ivar Aasen topside
Det norske reports that the topside for Ivar Aasen has now in place on the field. Approx. 15,000 tons was lifted onto the jacket with first oil expected in December 2016.
26 Jul 16
UK: Hundreds of North Sea Shell workers go on strike
Hundreds of North Sea workers have gone on strike for 24 hours over plans to cut their pay and allowances. Members of the RMT and Unite unions employed by the Wood Group on Shell platforms walked out at 06:30.
26 Jul 16
Norway: Statoil granted drilling permit for well 6407/7-9 S in PL 107 C
The Norwegian Petroleum Directorate has granted Statoil a drilling permit for exploration well 6407/7-9 S in production licence PL 107 C, about 5 kms north of the Njord field.
26 Jul 16
Australia: UIL Energy announces extension to agreement to acquire Eneabba Gas' Perth Basin permits
ASX-listed UIL Energy has informed shareholders that the completion date for the Sale of Shares Agreement (SSA) with Eneabba Gas to acquire Eneabba’s Perth Basin permit interests has been extended to 31 August 2016.
26 Jul 16
Libyan deal to end oil ports blockade still needs signing
Libyan Petroleum Facilities Guard (PFG) commander Ibrahim Jathran said on Monday he was ready to end a blockade at key oil terminals, but the U.N.-backed government still needs to sign an agreement for exports to resume.
26 Jul 16
BP announces second quarter 2016 results
BP reports that profit for the second quarter of 2016 was $720 million on an underlying replacement cost basis, compared with $532 million for the previous quarter and $1.3 billion for the second quarter of 2015.
26 Jul 16
US: Nostra Terra provides update on sale of Chisholm Trail Prospect in Oklahoma
Nostra Terra Oil & Gas reports that the sale of its 20% stake in the Chisholm Trail Prospect in Oklahoma for US$2.1 million is on course to close no later than 17 August, 2016.
26 Jul 16
UK: Oil workers down tools in first North Sea strike for 28 years
Hundreds of oil workers are participating in the first North Sea strike in a generation. Around 400 Wood Group employees on Shell platforms downed tools at 6.30am on Tuesday.
26 Jul 16
Cameroon: Victoria Oil & Gas reports Q2 2016 operations update
Victoria Oil & Gas has provided an update on the Group's operations for the three-month period ended 30 June 2016. The quarter produced a strong gas sales performance from the Logbaba gas project, along with the completion of major work-streams within Cameroon.
26 Jul 16
UK: Technip awarded key IRM frame agreement in UKCS
Technip has been awarded a key contract by Repsol Sinopec Resources UK for Inspection, Repair and Maintenance (IRM) works on its North Sea subsea infrastructure.
25 Jul 16
Canada: Zargon Oil & Gas sells Southeast Saskatchewan assets for $89.5 million
Zargon Oil & Gas has entered into a definitive agreement for the sale of all of its Southeast Saskatchewan assets for cash consideration of $89.5 million.
25 Jul 16
Russian oil industry close to major taxation overhaul
Russia is planning to overhaul its oil industry tax, introducing a profit-based system designed to boost government revenue and lift output from 2018, according to documents seen by Reuters and industry sources.
25 Jul 16
UK: Doriemus appoints Nutech to assess potential of the Brockham oil field in the Weald Basin
Doriemus has engaged, in conjunction with the operator of the producing onshore Brockham oil field, US-based NUTECH, to assist the company to assess and more fully understand the potential of it’s Brockham oil field in the UK’s Weald Basin.
25 Jul 16
Golar and Schlumberger form OneLNG joint venture
Golar LNG and Schlumberger have announced the creation of OneLNG, a joint venture to rapidly develop low cost gas reserves to LNG.
25 Jul 16
Colombia: GeoPark announces further development drilling success in the Jacana oil field in Colombia
GeoPark has announced the successful drilling and testing of the Jacana 4 development well in the Jacana oil field in the Llanos 34 Block in Colombia. Surface facilities are in place and the well is already in production.
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