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31 Oct 14 Australia: Exoma Energy withdraws from the Galilee Joint Venture
Exoma Energy has advised that it has withdrawn from the Galilee Joint Venture exploration permits (ATP 991P, ATP 996P, ATP 999P and ATP 1005P). Following Exoma’s withdrawal, CNOOC Galilee Gas Company will have a 100% interest in the exploration permits.
31 Oct 14 Brazil: Karoon Gas plans $150 million Brazil oil well drilling plan - seeks partner
Karoon Gas Australia is trying to sell a stake in its Brazilian offshore oil-exploration blocks as it plans to start a $120 million to $150 million drilling program, its top South American executive said.
31 Oct 14 UK: Egdon Resources Burton on the Wolds-1 onshore exploration well disappoints
AIM-listed Egdon Resources has announced the completion of drilling operations at the Burton on the Wolds-1 conventional exploration well in UK Onshore Licence PEDL201 in Leicestershire. Interpretation of the log data indicates the thin reservoir sands encountered were water bearing.
31 Oct 14 Seabird Exploration receives letter of intent for Hawk Explorer to acquire 2D seismic in Asia Pacific region
SeaBird Exploration has announced that Hawk Explorer has received a letter of intent for a 2D seismic survey in Asia Pacific region. The survey will cover approx. 15,000 km and will have an estimated value of USD 12 million.
31 Oct 14 EMGS receives letter of intent for BOA Thalassa in Asia
Electromagnetic Geoservices (EMGS) has received a letter of intent worth USD 7.0 million from an oil company for 3D EM data acquisition in Thailand and Myanmar.
31 Oct 14 Australia: Neon Energy awards WA-503-P seismic contract to CGG
Neon Energy has awarded a contract to CGG for licensing of 200 km2 of new broadband 3D seismic data over the WA-503-P offshore petroleum exploration permit. The 3D seismic program will meet Neon Energy’s firm work commitment for the block, which is required to be fulfilled by May 2015.
31 Oct 14 India: Oilex announces significant progress in achieving proof of concept objectives for Cambay-77H
Oilex has announced significant progress in achieving the proof of concept objectives for Cambay-77H. The objectives are critical to demonstrating the Cambay Field can be commercially developed using multi-stage fracture treatments (fracs) in horizontal wells.
31 Oct 14 Peru: BPZ Energy announces gas discovery at onshore Block XXIII
BPZ Energy reports that wells on the Caracol, El Cardo, and Piedra Candela prospects in Block XXIII have all tested dry gas from the Mancora formation. BPZ is planning a long term testing program, starting with Piedra Candela, and will potentially sell the tested gas under a pilot program to the local communities.
31 Oct 14 Tajikistan: Tethys Petroleum commences Tajikistan seismic programme
Tethys Petroleum has announced that the next phase of the seismic acquisition programme planned to identify the location of the first deep well to be drilled has commenced.
31 Oct 14 Namibia: Eco Atlantic acquires 2,922 km 2D survey on the Sharon Block, offshore Namibia
Eco (Atlantic) Oil & Gas has announced that it has acquired a 2D seismic survey totaling 2,922 line km on its Sharon Block 2213 A&B, Walvis Basin, offshore Namibia. The Company has also acquired a a 1,097 km 3D program on itsCooper Block, offshore Namibia.
31 Oct 14 Iraq: MOL gets approval for Akri-Bijeel Block development plan
The Kurdistan Regional Government in Iraq has approved a major new oil field development majority-owned by Hungary's MOL, the company said on Thursday. The minister of natural resources has given the green light for the field development plan of the Akri-Bijeel Block.
30 Oct 14 Australia: Searcher Seismic announces major multi-client campaign in Australia
Searcher Seismic in cooperation with BGP, has announced a major multi-client campaign consisting of three separate surveys totalling 12,500km of 2D data and 566 km2 of 3D data.
30 Oct 14 Russia: Shelton Petroleum increases its Russian oil reserves by a factor of seven
On behalf of Shelton Petroleum, AGR-TRACS has carried out an independent Western reserve update related to two of the company's oil fields in Russia.
30 Oct 14 Argentine Congress passes law aimed at attracting oil investment
Argentina's Congress gave final approval on Thursday to a law revamping energy investment regulations, the latest step by President Cristina Fernandez to lure foreign companies into the country's promising shale sector.
30 Oct 14 Iraq: Oryx Petroleum announces appraisal and development progress on Demir Dagh in Kurdistan
Oryx Petroleum has announced an appraisal drilling update for the Demir Dagh field in the Hawler licence area in the Kurdistan Region of Iraq, including test results for the Demir Dagh-7 and Demir Dagh-8 appraisal wells.
30 Oct 14 Canada: Energy company Seven Generations set to raise C$810 million in IPO
Seven Generations Energy is poised to raise C$810 million ($724.31 million) via an initial public offering that priced at the lower end of a previously anticipated range, according to regulatory documents.
30 Oct 14 UK: Shell announces end of Brent Alpha and Brent Bravo production
Shell said activity from Brent Alpha and Brent Bravo, east of Shetland, would formally cease on Saturday. They have not produced since May when they were shut down for inspection and maintenance work, and are no longer viewed as economical.
30 Oct 14 Norway: Lundin Petroleum spuds exploration well on the Lindarormen Prospect in the Norwegian Sea
Lundin Petroleum has spudded an exploration well 6405/12-1 in PL584. The well will investigate the hydrocarbon potential of the Lindarormen Prospect, which Lundin estimates to have the potential to contain unrisked, gross prospective resources of 194 million barrels of oil equivalent (MMboe) in Palaeocene sandstones.
30 Oct 14 PetroMaroc announces private placement
PetroMaroc, an independent oil and gas company focused on its significant land position in Morocco, has announced that it intends to complete a non-brokered private placement to raise gross proceeds of a minimum of Cdn $3,000,000 and a maximum of Cdn $6,000,000.
30 Oct 14 UK: DONG Energy and Total to develop the Glenlivet and Edradour gas fields jointly
DONG Energy and Total have decided on a joint development of the Edradour and Glenlivet fields, by way of tie-in to the Laggan and Tormore infrastructure, with both fields expected to contribute to production in 2018.
30 Oct 14 Brent drops below $87 as Fed optimism lifts dollar
Brent oil futures fell below $87 a barrel on Thursday, pressured by a stronger U.S. dollar after the Federal Reserve painted a brighter outlook for the U.S. economy.
30 Oct 14 Shell beats Q3 earnings expectations - appoints new chairman
Royal Dutch Shell beat expectations with core earnings of $5.8 billion for the third quarter and maintained its dividend as both upstream and downstream divisions delivered strong results.
30 Oct 14 Colombia: Canacol Energy announces strategic financing with Apollo Investment Corp
Canacol Energy has announced that it has established a financing relationship with Apollo Investment Corp to finance its investment in oil and gas properties in Colombia and Latin America.
30 Oct 14 Octanex announces strategic alliance with and funding from Sabah International Petroleum
Australian company Octanex has executed term sheets in relation to an investment by Malaysia's Sabah International Petroleum in Octanex, which will allow the companies to pursue upstream projects in Malaysia, Indonesia and the Philippines.
30 Oct 14 Australia: ATP 855 JV commences Redland-1 hydraulic stimulation program
JV partner Icon Energy has advised that the Beach-operated ATP 855 Joint Venture has completed the hydraulic stimulation program at the Etty-1 well and the hydraulic stimulation equipment has moved to the Redland-1 well location where the hydraulic stimulation program commenced on 28 October 2014.
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