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09 Oct 15
Norway: Lundin receives consent for exploration drilling in the Barents Sea
Lundin Norway, the operator for production licence PL708, has received consent from the Petroleum Safety Authority Norway to drill exploration well 7130/4-1 in the Barents Sea. The well will test the Ørnen Prospect.
09 Oct 15
Petrofac terminates contract with ZPMC
Petrofac has announced that, due to issues with ZPMC's performance in respect of the construction of the proprietary design Petrofac JSD 6000 deepwater multi-purpose offshore vessel, Petrofac has terminated its contract with ZPMC.
09 Oct 15
Mexico: Northcote Energy provides update on Mexico Bid Round
AIM-listed Northcote Energy has provided an update on the progress it has made in Mexico with regards to the due diligence it has been undertaking in contemplation of participating in Phase III of Round 1.
09 Oct 15
Paraguay: President Energy announces prospective reserves update
President Energy has announced significant new Prospective Resources from the completion of the processing and interpretation of the newly acquired seismic data over the largest prospect in the Hernandarias Block, the Boqueron Prospect.
09 Oct 15
Armour Energy receives improved takeover offer from China's Landbridge Group
The Directors of Armour Energy have confirmed that the Company has received an indicative and non-binding offer to improve the consideration payable under the Offer from Westside Corporation (a subsidiary of China's Landbridge Group) to 20 cents per share.
09 Oct 15
Israel: Genie Energy confirms finding significant hydrocarbon resource in Northern Israel
Genie Energy on Thursday said that, consistent with its prior public statements and disclosures, preliminary evidence from the exploratory wells drilled by its Afek subsidiary in Northern Israel confirms the existence of significant quantities of oil and gas within its exploratory license area.
08 Oct 15
Colombia: Sintana Energy provides update on Manati Blanco-1 well, Middle Magdalena Basin
Sintana Energy has reported that the Manati Blanco-1 exploration well, located on Colombia Block VMM-37, has been successfully drilled and cased through multiple tight oil formations to a measured depth of approx. 14,500 ft.
08 Oct 15
Kazakhstan: Condor Petroleum's KN-501 Primary Basin well disappoints
Condor Petroleum has reached a total depth of 3,992 meters at the KN-501 Primary Basin well located on the Company's 100% owned Zharkamys West 1 Territory in Kazakhstan. No commercial hydrocarbon reservoirs were identified and the well will be abandoned.
08 Oct 15
Brazil: Parnaíba Gás Natural acquires 6 blocks in Brazil's 13th Bidding Round
Parnaiba Gas Natural succeeded in winning all of the 6 blocks for which the Company offered bids in the 13th Bidding Round held Wednesday by the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP).
08 Oct 15
Vroon Offshore Services to reduce operational fleet through lay-up
As a direct result of the ongoing slump in offshore oil and gas activities, Vroon Offshore Services will be taking twelve offshore-support vessels out of operation from the fourth quarter of 2015 onwards.
08 Oct 15
Tanzania: Swala Energy completes farmout of Kilosa-Kilombero and Pangani licence interests to Tata
Swala Energy and Tata Petrodyne have finalised the outstanding terms of their farmout agreement for the Kilosa-Kilombero and Pangani licences in Tanzania.
08 Oct 15
Encana to sell Denver Julesburg Basin assets for $900 million
Encana has reached an agreement to sell its Denver Julesburg (DJ) Basin assets in Colorado to a new entity 95 percent owned by Canada Pension Plan Investment Board and 5 percent by The Broe Group for $900 million.
08 Oct 15
Georgia: Frontera Resources upgrades gas potential in Georgia operations
AIM-listed Frontera Resources has provided an announcement of a significant upgrade to gas resources associated with its ongoing exploration and production efforts in the country of Georgia.
08 Oct 15
Australia: Santos suspends Washington-1 well in PEL 570 for future testing
JV partner Drillsearch reports that the first well of Drillsearch’s FY2016 program, the Santos-operated Washington-1 unconventional exploration well in PEL 570, has been cased and suspended for hydraulic stimulation and testing.
08 Oct 15
Eurasia Drilling receives potential merger proposal
Following the failure of the proposed transaction with Schlumberger, Eurasia Drilling Company has announced that it has received an offer for a potential merger with the intention to take the Company private.
08 Oct 15
Indonesia: CITIC Resources announces Lofin field resources
CITIC Resources has announced the evaluation results of the amounts of gas and condensate in the Lofin field located in the Seram Island Non-Bula Block, Indonesia.
08 Oct 15
Gabon: Tullow reaches agreement with Gabon over its licences in the Onal Complex fields
Following negotiations, Tullow has regained its 7.5% stake in the Onal Complex producing fields and the Ezanga block (formerly the Omoueyi exploration block).
08 Oct 15
Norway: Statoil awards contracts for two Johan Sverdrup jackets
On behalf of the Johan Sverdrup licence, Statoil has awarded contracts for two Johan Sverdrup jackets to Kvaerner Verdal and Dragados Offshore.
08 Oct 15
Brazil: ANP says too early to say what went wrong at Brazil oil auction
It is too early to say what went wrong at Wednesday's oil auction, said Magda Chambriard, the president of Brazil's oil industry watchdog ANP, after 86 percent of the blocks offered were not sold.
08 Oct 15
New Zealand: Mosman Oil and Gas provides update on STEP Acquisition
AIM-listed Mosman Oil and Gas, the New Zealand and Australia focussed oil exploration and development company, has provided an update on the proposed South Taranaki Energy Project acquisition ('STEP Acquisition'), agreed with Origin Energy.
08 Oct 15
US: White House issues veto threat for U.S. House oil export bill
The White House issued a veto threat on Wednesday for a U.S. House of Representatives bill that would lift a four-decade-old ban on crude oil exports, saying the legislation was 'not needed at this time.'
07 Oct 15
Israel: Afek Oil & Gas announces significant oil discovery on the Golan Heights
Genie Energy's Afek Oil & Gas has announced a significant oil discovery on the Golan Heights, according to local news media Globes.
07 Oct 15
Brazil: Alvopetro announces strategic partnership with ENGIE and successful bids in Brazil's 13th Bid Round
Following Brazil's 13th Bid Round, administered by the ANP, Alvopetro Energy announced that it was the successful bidder on 4 blocks in partnership with ENGIE, all located in the Recôncavo Basin, onshore Brazil.
07 Oct 15
Russia: Shelton Petroleum and Petrogrand to enter into business combination
Shelton Petroleum and Petrogrand have entered into an agreement to form a new combined and enlarged oil group with exclusively Russian oil assets and to dissolve the cross-ownership between the two companies.
07 Oct 15
Australia: Bass Strait Oil granted permit extension for Gippsland Basin Vic P/68
Bass Strait Oil Company has advised that it has received approval from the National Offshore Titles Authority (NOPTA) for a 12 month suspension and extension of the work program and permit term for its wholly-owned Vic/P68 permit located in the prolific Gippsland basin.
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