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07 Dec 16
Iran: 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 16
US: 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 16
Iran: 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 16
Trinidad: 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 16
Israel: 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 16
Polarcus 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 16
Kazakhstan'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 16
UK: 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 16
Independent 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 16
Iraq: 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.
06 Dec 16
Mitra Energy changes name to Jadestone Energy to emphasize major strategic shift
Mitra Energy has changed its name to Jadestone Energy, further reinforcing the major shift in strategy driven by a new leadership team and board of directors.
06 Dec 16
New Zealand: TAG Oil reports successful flow testing at Cardiff and Supplejack
TAG Oil has announced successful initial flow testing at the Cardiff field and further information on its Supplejack-1 well flow testing program; both located in the Taranaki Basin.
06 Dec 16
Norway: Faroe Petroleum completes acquisition of DONG's Norwegian production assets
Faroe Petroleum has completed the previously announced acquisition of interests in five Norwegian North Sea producing oil and gas fields, Ula (20%), Tambar (45%), Tambar East Unit (37.8%), Oselvar (55%) and Trym (50%) from DONG E&P Norge.
06 Dec 16
Greece: Hellenic Petroleum declared preferred bidder for Block 10, offshore Greece
Greece's Ministry of Environment and Energy has announced Hellenic Petroleum as the preferred bidder for offshore Block 10, western Greece (Kyparissiakos Gulf), as part of the 2nd International Licensing Round.
06 Dec 16
Morocco: CGG achieves near real-time imaging for offshore Morocco survey
CGG has announced the delivery of near real-time imaging results for a 4,200 sq km BroadSeis 3D marine seismic survey acquired offshore Morocco. CGG delivered the very-fast-track (VFT) RTM PSDM volume to the client only 4 days after the last shot.
06 Dec 16
Mexico: Murphy Oil awarded deepwater exploration block
Murphy Oil Corp has announced that a joint venture led by its Mexican subsidiary was the high bidder and is expected to be awarded Block 5 during Mexico's fourth phase, round one deepwater auction.
06 Dec 16
Mexico: Total awarded exploration blocks offshore Mexico
Total has been awarded exploration licences on 3 Blocks in offshore Mexico, following the country’s first competitive deep water bid round.
06 Dec 16
UK: OGA launches an Offshore 2016 Supplementary Round
The UK's Oil & Gas Authority has announced that companies can now apply for new licenses to drill for offshore oil and gas in a number of blocks in the Offshore 2016 Supplementary Round. The fourteen blocks on offer in the Supplementary Round are outside of the 29th Oil and Gas Licensing Round offer area, which closed last month.
06 Dec 16
Egypt: Apex International Energy awarded first blocks in Egypt
Apex International Energy, an independent oil and gas exploration and production company focused on Egypt, has been awarded Blocks 8 and 9 by the Egyptian General Petroleum Company (EGPC) as part of the 2016 Bid Round.
06 Dec 16
Technip and FMC Technologies shareholders approve business combination
FMC Technologies and Technip have announced that the companies' respective shareholders have voted to approve the proposed business combination of Technip and FMC Technologies.
06 Dec 16
Independent Resources announces Placing and Conversion of Debt to raise £766,596
AIM-listed Independent Resources has conditionally raised up to GBP766,596 via a placing and conversion of debt. Net proceeds will be used to manage its current creditor position and provide working capital to meet its short term financial needs.
06 Dec 16
Mexico: Statoil awarded licences in Mexico’s Deepwater round
Statoil, with partners Total and BP, has been awarded Blocks 1 and 3 in the Saline Basin in the Deepwater exploration tender in the Mexican Round 1.
06 Dec 16
Mexico eyes three more oil auctions before end of 2018 - minister
Mexico expects to hold three more oil and gas auctions before the end of 2018 for shallow waters, deep waters and onshore fields, Energy Minister Pedro Joaquin Coldwell said on Monday following a historic deep water auction.
05 Dec 16
Indonesia: BP acquires Repsol's stake in Tangguh LNG project
BP has acquired Spanish group Repsol's 3.06 percent stake in the Tangguh liquefied natural gas (LNG) project in Indonesia for $313 million dollars, a BP spokesman said on Monday.
05 Dec 16
Australia's Origin Energy to spin off oil and gas assets in IPO
Australia's top power and gas retailer Origin Energy will spin off its interests in conventional oil and gas fields in an initial public offering the company said on Tuesday, a reversal from September when it said a such spin-off was not a priority.
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