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28 Jul 15
Statoil announces 2015 second quarter results
Statoil delivered adjusted earnings of NOK 22.4 billion and adjusted earnings after tax of NOK 7.2 billion in the second quarter. Statoil reported net income in accordance with IFRS of NOK 10.1 billion, including gains from divestments.
28 Jul 15
BP misses second-quarter profit forecast on spill charge
BP's second-quarter profits missed expectations on Tuesday after the British oil and gas company took a $9.8 billion pretax charge related to a settlement of the 2010 Gulf of Mexico spill.
28 Jul 15
Germany: Vermilion Energy announces farm-in agreement in Germany
Vermillion Energy has entered into a farm-in with ExxonMobil and Shell which will provide Vermillion with participating interest in 19 onshore exploration licences in northwest Germany.
28 Jul 15
Tunisia: PA Resources submits Zarat Field Plan of Development
PA Resources has submitted an updated Zarat Field Plan of Development to the Tunisian authorities. The Zarat Field is a large, shallow-water, gas-condensate and oil field containing estimated recoverable reserves of 147 mmboe, and is Tunisia’s largest undeveloped field.
28 Jul 15
UK: Trap Oil announces proposed acquisition of Jersey Oil & Gas E&P
Trapoil, the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf region of the North Sea, has announced that it has agreed to acquire the entire issued and to be issued share capital of Jersey Oil and Gas E&P and raise approx. £0.82 million.
28 Jul 15
Peru: Baron Oil to carry out Satellite Oil Seep study in offshore Peru Block Z-34
Baron Oil has confirmed plans to carry out a Satellite Oil Seep Study on the Company's offshore Peru Block Z-34 acreage. The study will be carried out by a research team from the University of Paris - Est Marne la Valee.
28 Jul 15
Ghana: Clontarf Energy provides update on Tano Offshore Licence, Ghana
Clontarf Energy has agreed with the Ghanaian authorities that Pan Andean Resources, the Company's local subsidiary (60% Clontarf, 30% Petrel, 10% Locals), will reapply for an exploration licence over 1,500 plus sq km of acreage in the Tano Basin offshore Ghana.
28 Jul 15
UK: Europa Oil & Gas awarded Promote Licence in Southern North Sea
Europa Oil & Gas, in a JV with Arenite Petroleum, has been awarded a Promote Licence over Block 41/24 in the Southern North Sea. The Block contains the 41/24a-1 & 2 stranded gas discoveries in Permian-aged Zechstein Carbonates and was previously held by Europa as a Traditional Licence.
28 Jul 15
UK: Oil price crash has cost 5,500 North Sea jobs and more pain to come
MORE than 5,500 jobs have been lost in the North Sea energy industry since oil prices plunged with many more set to go in the coming years, industry experts have warned.
28 Jul 15
Malaysia: Technip awarded offshore brownfield and subsea tie-backs for PETRONAS FLNG1
Technip has been awarded an engineering, procurement, construction, installation and commissioning contract by PETRONAS Carigali for the tie-in of PETRONAS first Floating Liquefied Natural Gas (PFLNG1) facility to KAKG-A platform in Kanowit field, located 200 kms offshore Bintulu, East Malaysia.
28 Jul 15
Canada: Husky Energy continues to assess West White Rose development options
Husky Energy continues to assess potential development options for the West White Rose extension in the Jeanne d'Arc Basin, after one of two concepts being assessed, a fixed wellhead platform, receives regulatory approval.
27 Jul 15
Seabed Geosolutions secures two new contracts
Seabed Geosolutions has been awarded a contract to conduct a shallow water seabed survey over the Ghasha-Butini field for ADNOC. A further contract has been awarded for an ocean bottom cable survey in Asia Pacific.
27 Jul 15
Kazakhstan: Max Petroleum initiates process to protect the solvency of its Kazakh subsidiary Samek
Max Petroleum has announced that in order to protect the solvency of Samek International, a wholly owned indirect subsidiary of the Company, the Board has initiated a rehabilitation process under Kazakh law.
27 Jul 15
Trinidad: Trinity announces termination of agreement to purchase Blocks 1(a) & 1(b), offshore Trinidad
Trinity Exploration & Production, an independent E&P company focused on Trinidad and Tobago, has announced that it has been unable to extend the term of its agreement to complete the purchase of 80% interests in Blocks 1(a) & 1(b) from Centrica.
27 Jul 15
Norway: Maersk Drilling and ConocoPhillips extend Mærsk Innovator contract in Norway
Maersk Drilling has been awarded a contract extension for the jack-up rig Mærsk Innovator with ConocoPhillips Norway for work on the Eldfisk field, part of the greater Ekofisk area, offshore Norway. The duration of the contract extension is 16 months.
27 Jul 15
US: Goodrich Petroleum announces sale of stake in Eagle Ford Shale
Goodrich Petroleum has entered into a definitive agreement to sell its proved reserves and associated leasehold in the Eagle Ford Shale in LaSalle and Frio Counties, Texas for $118 million.
27 Jul 15
UK: Oil and Gas Authority announces remaining awards from the 28th Offshore Licensing Round
Oil and gas exploration on the UK Continental Shelf received a welcome boost Monday when the Oil and Gas Authority – the UK oil and gas regulator – announced the remaining winners from the 28th Offshore Licensing Round, with the award of 41 new licences.
27 Jul 15
Tunisia: Serinus Energy reports Sabria field in Tunisia returns to production
Serinus Energy has announced that production has resumed at the Sabria field in Tunisia. The field had been shut-in last month due to local protests.
27 Jul 15
Lebanon: NEOS identifies frontier oil & gas province in Lebanon - seeks co-investment partners
NEOS has announced the promising findings from a regional oil & gas prospectivity study that it completed in Lebanon. NEOS believes a frontier oil & gas province is now emerging in the country.
27 Jul 15
Sterling Energy announces results for the six months ending 30 June 2015 - updates operations
Sterling Energy has announced results for the six months ending 30 June 2015. During the period, the Company has successfully completed an operated seismic 3D acquisition program in Madagascar and secured low cost ground floor entries into two Tullow operated exploration blocks in Mauritania.
27 Jul 15
Range Resources announces funding and non-core assets update
Range Resources reports that Beijing Sibo Investment Management ('Sibo') has received all necessary government and regulatory approvals to complete its total investment of approx. US$30 million in Range. The Company has also provided an update on various non-core asset disposals.
27 Jul 15
Ecuador: Zoloto Resources continues to expand Ecuador operations
Zoloto Resources, with gold milling operations in Ecuador, continues to expand its Ecuador operations through the acquisition of interests in proven producing oil reserves. The Company is projecting that it will be producing up to 100 barrels per day by the end of 2015.
27 Jul 15
Australia: Cue Energy seeking farm-in partner for Ironbark Prospect in Western Australia permits WA-359-P & 409-P
Cue Energy is seeking a farm-in partner to participate in the drilling of the Ironbark Prospect in Western Australia offshore permits WA-359-P and WA-409-P. The well will target an exciting new play type associated with the prolific gas-bearing Mungaroo formation.
26 Jul 15
Egypt: Eni signs update to the Head of Agreement signed with Egypt last March
Eni on Friday signed with Egypt an update to the Head of Agreement signed last March, following the significant gas discovery made by Eni in the Nile Delta concession. The update describes the commitment of the parties to jointly evaluate the development opportunities of the discovery.
26 Jul 15
Philippines: Red Emperor Resources farm-in to Otto Energy's Block SC55 receives approval
Red Emperor Resources has received formal notification from the Department of Energy of the Philippines that approval for the assignment of the Company’s 15% working interest in Block SC55 has been granted.
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