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01 Mar 17
GoM: McDermott awarded offshore subsea contract by Hess
McDermott International has been awarded a contract by Hess Corp for subsea tieback work for its deepwater Penn State Deep (PSD) field in the Gulf of Mexico. The PSD field is located in the Garden Banks 216 block in approx. 1,500 feet of water. Discovered in 1996, the PSD field began production in 1999.
01 Mar 17
UK: Independent Oil and Gas provides update on acquisition of SNS pipeline
Independent Oil and Gas reports that substantial progress has been made on the sale and purchase agreement for the pipeline which is intended to provide an export route for the Company's UK Southern North Sea assets.
01 Mar 17
Norway: Statoil granted drilling permit for well 6507/3-12 A in PL 159 B
The Norwegian Petroleum Directorate has granted Statoil a drilling permit for appraisal well 6507/3-12 A in production licence PL 159 B. The well will be drilled about 11 kms southwest of the Norne field.
01 Mar 17
Brazil: Total and Petrobras seal Strategic Alliance through the signature of definitive contracts
Petrobras and Total have signed definitive contracts in relation to the package of assets contemplated in the Strategic Alliance, as defined in the December 21, 2016 Agreement.
01 Mar 17
Eni announces full year 2016 and fourth quarter results
Eni has reported full year adjusted operating profit of €2.32 billion, down by €2.17 billion (or 48%), due to the unfavorable oil price environment. The Company also reports continuing strong exploration track record: discovered 1.1 billion boe of additional resources at a cost of 0.6 $/boe.
01 Mar 17
IGas provides update on discussions with strategic investor
IGas has provided an update on discussions with a strategic investor in respect of its capital restructuring options. The discussions relate to a potential investment of US$35m of cash equity.
01 Mar 17
South Africa: Odfjell Drilling signs letter of award with oil major for work in South Africa
Odfjell Drilling has signed a conditional letter of award with oil major for a one well contract to be drilled by the 6th generation semi-submersible, Deepsea Stavanger, offshore South Africa.
01 Mar 17
Premier Oil announces refinancing update
Premier Oil has announced that amended terms to its $245m convertible bonds have been agreed with all members of an ad hoc committee of convertible bondholders.
01 Mar 17
Egypt: SDX Energy preparing to drill South Disouq well
SDX Energy has confirmed that well location construction has been completed and that the Sino-Tharwa 6 drilling rig is currently being mobilised. The Company anticipates drilling to commence at the SD-1X location within the next fortnight.
01 Mar 17
Australia: Senex Energy reports mixed results with Cooper Basin wells
Senex Energy drilled two exploration wells in the northern Cooper Basin during February, following the successful drilling of development and appraisal wells at the Worrior and Spitfire fields.
01 Mar 17
New Zealand Oil & Gas announces half-year results
The last eight months have been a time of transformation for New Zealand Oil & Gas as the Company successfully sold its two major producing assets - Kupe and Tui.
28 Feb 17
Rig firm Seadrill risks Chapter 11 bankruptcy
Rig firm Seadrill, battling with $14 billion in debt and liabilities, said on Tuesday it may have to file for Chapter 11 bankruptcy protection if it fails to reach a restructuring agreement with its lenders, sending its shares down 14 percent.
28 Feb 17
BP strategy update: getting back to growth
BP has updated the financial community on details of its strategy and, in particular, medium-term plans for the next five years, based on oil prices similar to where they are today.
28 Feb 17
Malaysia: Octanex selects FPSO for Ophir oil field development offshore Malaysia
Octanex has announced that a donor vessel has been secured for conversion into an FPSO for use on the Ophir field. MTC Engineering (MTCE), an experienced Malaysian oil and gas marine contractor, has purchased an oil tanker, Puteri Bangsa, for conversion into the MTC Ledang FPSO.
28 Feb 17
GoM: Shell takes final investment decision for the Kaikias deep water project in the Gulf of Mexico
Shell and Mitsui have each taken the final investment decision to execute phase one of the Kaikias deep-water project in the US Gulf of Mexico. Kaikias is an attractive near-field opportunity with a competitive go-forward break-even price below $40 per barrel.
28 Feb 17
UK: UKOG announces final results - updates UK operations
UK Oil & Gas Investments (UKOG) has announced its audited results for the year ended 30 September 2016. Targets for the coming year include the demonstration of commercial production from one, possibly two, wells at Horse Hill by end 2018 and to replicate this at other locations across the Weald Basin.
28 Feb 17
Australia: Subsea 7 awarded contract offshore Australia
Subsea 7 has announced the award of a sizeable contract by Cooper Energy for the Sole Development Project, offshore Australia.
28 Feb 17
Jamaica: Fishermen save oil survey - says Tullow
Tullow Oil surveyed far and wide offshore Jamaica, utilising modern oil-sensing equipment, but largely to no avail until fisherfolk led the company to an oil sheen near the Pedro Banks.
28 Feb 17
Australia: Woodside signs LNG agreement with GE
Woodside and GE have signed an agreement to work together to support the use of LNG as a fuel in Western Australia. The agreement will provide customers with the option of seamless access to reliable LNG fuel supply and gas-fuelled transport and power generation solutions.
28 Feb 17
Russia: Rosneft says Yurubcheno-Tokhomskoye field to produce 0.8 million tonnes of oil in 2017
Oil production at the Yurubcheno-Tokhomskoye oil field, which is expected to be launched later this year by Russia's largest oil producer Rosneft, is expected to produce 800,000 tonnes of oil in 2017, a company official said on Monday.
28 Feb 17
UK: DONG Energy publishes indicative area for Hornsea Project Three onshore cables
DONG Energy has published an indicative area in which the cables carrying clean electricity from its proposed offshore wind farm could be located, and is seeking feedback from local communities in Norfolk.
28 Feb 17
Botswana: Tlou Energy announces development partner for CBM to Power Project
Tlou Energy has signed a binding Heads of Agreement with Independent Power Corp (IPC) to jointly develop a CBM power plant of up to 100 MW at the Lesedi CBM Project in Botswana.
28 Feb 17
US: Australis to acquire EnCana US shale assets for US$80 million
Australis Oil & Gas has entered into a Purchase & Sale Agreement (PSA) with Encana to acquire all of Encana’s Tuscaloosa Marine Shale (TMS) assets for cash consideration of US$80 million.
28 Feb 17
Tanzania: Aminex commences testing Ntorya-2 well
Aminex has confirmed that, further to the announcement of 6 February 2017, production testing on the recently drilled Ntorya 2 appraisal well commenced on Saturday 25 February 2017 and gas is flowing to surface.
28 Feb 17
UK: InfraStrata raises £810,000 via placing
AIM-listed InfraStrata, the independent gas storage company, has announced the completion of a placing to raise a total of £810,000 before expenses.
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