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17 Sep 14 Philippines: Frontier Oil to drill 2 wells in the Calauit field off northwest Palawan
Frontier Oil Corp will drill two wells in the Calauit oil field off northwest Palawan in the first quarter of next year after signing a $20-million deal to tap the services of Malaysia’s UMW Offshore Drilling.
17 Sep 14 Brazil confident new rules will protect existing oil rights
Brazilian regulators said on Tuesday they were confident that new regulations will trump provisions of the country's 2010 oil law that threaten to strip oil companies such as Royal Dutch Shell of rights to operate major oil fields.
17 Sep 14 Petroceltic International announces interim results - updates operations
Petroceltic International, the independent oil and gas exploration development and production company focused on the Middle East North Africa (MENA), the Mediterranean and the Black Sea regions has announced its results for the six month period ended 30 June 2014.
17 Sep 14 Trinidad: Leni Gas & Oil announces initial flow rate for well GY-665 in the Goudron field
Leni Gas & Oil has announced that well GY-665 at the Goudron field in Trinidad has undergone a series of initial production tests from the Gros Morne Sandstones resulting in a calculated open-hole flow rate of 700 barrels of oil per day and is presently producing 41 degree API water-free oil at a rate of 415 bopd.
17 Sep 14 Sound Oil announces 2014 interim results - updates operations
Sound Oil, the European / Mediterranean focused upstream oil and gas company, has announced its unaudited interim results for the six months ended 30 June 2014.
17 Sep 14 Northern Petroleum announces Canada drilling update and interim results
Northern Petroleum, the AIM quoted oil company focusing on production led growth, has provided an update on drilling in Canada and announced its unaudited interim results for the six months ended 30 June 2014.
17 Sep 14 Tangiers Petroleum comments on ongoing suspension of securities
Tangiers Petroleum has advised that the Company's securities continue to be suspended on both ASX and AIM pending the release of an announcement to the market in relation to Tangiers' funding obligation for the TAO-1 exploration well, and release of the half yearly report. The Company expects the securities to re-commence trading on Wednesday 24 September 2014.
17 Sep 14 Russia says no change in tight oil plans despite sanctions
Russia is not changing its plans for developing hard-to-extract oil despite Western sanctions, Energy Minister Alexander Novak said on Tuesday. 'No substantial' changes are expected in Russian oil production, Novak said, citing preliminary studies on the impact of sanctions.
17 Sep 14 Zambia: Swala Energy awarded Block 44 in the Republic of Zambia
Swala Energy has been formally awarded hydrocarbon exploration rights over Block 44 in the Republic of Zambia. Block 44 lies in the southern part of the country and covers an area of 6,000km2 on the margins of the Karoo-aged Kariba basin.
17 Sep 14 Brazil: Total says Brazil's Libra oil field will cost $80 billion to develop
Brazil's biggest oil field Libra, located off the coast of Rio de Janeiro, will cost $80 billion to develop, an executive at consortium member Total said on Tuesday. Libra, in the Santos Basin, contains an estimated 8 billion to 12 billion barrels of oil.
17 Sep 14 UK: Oil & Gas UK Awards 2014 – finalists announced
Oil & Gas UK, the leading representative organisation for the UK offshore oil and gas industry, has announced the finalists for the Oil & Gas UK Awards 2014, sponsored by Shell U.K.
17 Sep 14 US: Bill Barrett raises oil exposure with deals worth $757 mln
Bill Barrett Corp said it would exchange most of its acreage in Wyoming's Powder River Basin for oil-producing assets in Colorado, and also sell some natural gas assets in the state.The transactions, valued at $757 million, will transform Bill Barrett into a oil-focused producer and increase its acreage in Colorado's Northeast Wattenberg by about 20 percent.
16 Sep 14 US: Vanguard Natural Resources to acquire natural gas and liquids properties in the Piceance Basin in Colorado
Vanguard Natural Resources has entered into a definitive agreement to acquire natural gas, oil and natural gas liquids ('NGLs') assets in the Piceance Basin in Colorado for a purchase price of $525 million from Bill Barrett Corporation.
16 Sep 14 Nigeria: Total resumes $2.5 billion Nigerian deepwater oil field sale
France's Total, Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed. Total has hired BNP Paribas to find buyers for its Usan deepwater oil field located in the Nigeria Oil Prospecting Lease (OML) 138, which could be worth about $2.5 billion.
16 Sep 14 Myanmar: PTTEP to invest $3.3 billion in Myanmar between 2014 and 2018
PTT Exploration and Production (PTTEP) has celebrated its 25th anniversary of successful operation in Myanmar with full commitment to sustainable development of energy resources. PTTEP has set aside $3.3 billion in capital expenditure for its Myanmar works between 2014 and 2018.
16 Sep 14 Mongolia: Genie Energy signs agreement for additional oil shale exploration in Mongolia
Genie Energy has announced that its subsidiary, Genie Oil Shale Mongolia, has signed a prospecting agreement with the Petroleum Authority of Mongolia. The new exploration block covers 25,000 sq kms in Central Mongolia southeast of the Mongolian capital, Ulaanbaatar.
16 Sep 14 UK: GeoPartners announces major new multiclient 2D seismic project launched in Rockall Basin
GeoPartners, in partnership with Seabird Exploration Multi-Client and DownUnder GeoSolutions, has announced a major new multiclient 2D (MC2D) seismic project located in the Frontier UK Rockall Basin offshore the NW coast of Scotland, titled Rockall Regional 2013/2014.
16 Sep 14 Australia: Buru Energy completes first phase of Ungani 1st1 workover operations
Buru Energy has reported that the first phase of the Ungani 1st1 workover has been completed. Production testing of the well has shown a marked improvement on previous production rates.
16 Sep 14 Tethys Petroleum announces operations and corporate update
Tethys Petroleum has provided a corporate update and an update on its operations in Kazakhstan, Tajikistan and Georgia.
16 Sep 14 New Zealand: TAG Oil to abandon Waitangi Valley-1 unconventional well
TAG Oil has agreed that after encountering extreme drilling conditions, including high pressure shallow hydrocarbon zones, in the interest of safety, the surface section of the Waitangi Valley-1 well, located in Petroleum Exploration Permit 38348, will be plugged and abandoned.
16 Sep 14 US: BP to cut 275 jobs in Alaska after oil field disposals
BP will cut around 275 staff and contractor jobs in its Alaska operations in early 2015 following the sale of its interests in four oil fields in the North Slope area, it said on Tuesday.
16 Sep 14 PNG: InterOil spuds Antelope-4 appraisal well in PRL15 in Papua New Guinea
InterOil Corp has started drilling the Antelope-4 appraisal well in Petroleum Retention Licence 15 in Papua New Guinea. Antelope-4 is the first of at least two appraisal wells planned on the Antelope field. The well lies about 1km south of Antelope-2 and is the most southern well in the Elk-Antelope field.
16 Sep 14 UK: ConocoPhillips plans to auction 24 pct stake in Clair oilfield - FT
ConocoPhillips, the largest U.S. independent oil and gas company, is preparing to auction its 24 percent stake in the Clair oilfield in the United Kingdom, the Financial Times reported on Monday.The Houston-based company has hired banks to sell its stake in the Clair oilfield in a deal that could fetch between $2 billion and $3 billion, according to the FT report.
16 Sep 14 US: BNK provides update on operations at its Tishomingo field in Oklahoma
BNK Petroleum has provided an update on its Tishomingo Field, Caney oil shale operations in Oklahoma as well as its Polish shale gas project.
16 Sep 14 Equatorial Guinea: Ophir Energy announces new gas discovery at Silenus East-1 well and resources update
Ophir Energy has announced that the Silenus East-1 well in Block R, Equatorial Guinea has resulted in a new gas discovery. A 67m gross gas column was encountered in the primary target with high quality reservoir in line with pre-drill expectations.
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