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20 Jan 17
Norway: EMGS and TGS expand the cooperation in the Barents Sea
Electromagnetic Geoservices (EMGS) and TGS-NOPEC Geophysical have agreed to expand the companies' cooperation agreement in the Barents Sea. TGS will be investing in a 3D CSEM data acquisition project related to the 24th licensing round in Norway.
20 Jan 17
EMGS signs new charter agreement for the BOA Thalassa
Electromagnetic Geoservices (EMGS) has signed a new charter agreement for the vessel BOA Thalassa at new and improved commercial terms.
20 Jan 17
Santos announces 2016 Q4 activities report
Santos has announced its 2016 Q4 activities report. The Company reports record annual sales volumes, record annual production and record annual LNG sales volumes.
20 Jan 17
Indonesia: Lion Energy completes AMT-1 discovery well
Lion Energy reports that the Amanah Timur discovery well (AMT-1) has been plugged and abandoned at a depth of 347m KB, as attempts to free the stuck drill pipe were unsuccessful.
20 Jan 17
Norway: Shearwater GeoServices signs agreements with TGS for two surveys
Shearwater GeoServices Norway has signed agreements with multiclient company TGS for two surveys, one firm and one optional, in Norway. The surveys that are scheduled to commence between March and May 2017 total approx. 15,000 sq km and will be performed by two of Shearwater’s high end 3D vessels.
19 Jan 17
Nigeria: ERHC Energy signs MoU with Starcrest Energy Nigeria
ERHC Energy has announced the signing of a Memorandum of Understanding (MOU) with Starcrest Nigeria Energy, under which the parties will explore joint participation in Nigerian oil and gas exploration and production opportunities.
19 Jan 17
UK: Fracking gets conditional endorsement from Church of England advisers
Two groups of Church of England advisers have cautiously endorsed fracking for shale gas in the United Kingdom provided it does not conflict with climate change policy and robust regulations are put in place.
19 Jan 17
Norway: Statoil awards OneSubsea production system contract for the Utgard development
OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract by Statoil to supply the subsea production system for the Utgard gas and condensate discovery in the North Sea.
19 Jan 17
Croatia steps up efforts to buy MOL's stake in oil group INA
Croatia has stepped up plans to take full control of oil group INA by setting up a special group to prepare a proposal for a buyout of Hungarian energy company MOL's 49 percent stake.
19 Jan 17
Polarcus secures multi-year XArray contract award
Polarcus has received a letter of award from TGS-NOPEC Geophysical Company for acquiring 30,000 sq km of 3D multi-client data in Europe.
19 Jan 17
DONG Energy to divest oil and gas assets by end-2017
DONG Energy has initiated a process with the ultimate aim of divesting its activities within exploration and production of oil and gas. The activities are expected to be sold before the end of 2017.
19 Jan 17
Norway: Lundin granted drilling permit for well 7219/12-1 A in PL 533
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for appraisal well 7219/12-1 A in PL 533. The well will test the Filicudi Prospect, located in the Southern Barents Sea.
19 Jan 17
Norway: TGS announces Atlantic Margin 3D multi-client project in Norway
TGS has announced its first new multi-client acquisition project in 2017, AM17 Atlantic Margin 3D in the Norwegian Sea. The project is the single largest 3D survey carried out by any company in Northern Europe and covers largely open blocks in a relatively under-explored area with limited drilling to date.
19 Jan 17
Norway: Statoil extends North Sea fields contract with ALTUS Intervention
Statoil has extended its contract with ALTUS Intervention for Power Mechanical Services for Heidrun, Statfjord, Snorre, Sleipner and Statoil satellite fields. The agreement runs for two years.
19 Jan 17
CNOOC Ltd announces its 2017 business strategy and development plan
CNOOC Limited has announced its business strategy and development plan for the year 2017. The Company’s net production target for 2017 is in the range of 450 to 460 million barrels of oil equivalent (BOE), of which approx. 64% and 36% are produced in China and overseas, respectively.
19 Jan 17
Australia: Searcher Seismic and CGG commence 3D broadband PSDM project in the Carnarvon Basin
Searcher Seismic, in conjunction with project partner, CGG, has announced the PSDM reprocessing of ~1,668 sq kms of 3D seismic data in the Carnarvon Basin, Western Australia has commenced. The project includes coverage to the 2016 Australian Acreage Release.
19 Jan 17
UK: Azinor Catalyst preparing to drill Partridge Prospect in UKCS Quad 14 in 2017
Azinor Catalyst has initiated a tendering process to carry out a site survey on one of its UK North Sea licences in preparation for drilling later in 2017. The site survey relates to a Catalyst operated well targeting the Partridge Prospect in Outer Moray Firth Blocks 14/11, 12 & 16.
19 Jan 17
Gabon: Pura Vida planning three well drilling program offshore Gabon to be funded by drilling contractor
Pura Vida Energy has entered into a conditional term sheet with a rig contractor to fund the costs of a three well, back to back drilling program on the Nkembe block, which will include an appraisal of the Loba oil field and a planned production test.
19 Jan 17
Morocco: Sound Energy announces proposed acquisition of OGIF's interests in Eastern Morocco
Sound Energy has announced the signature, following the successful extended well test, of non-binding heads of agreement for the acquisition of all of Oil & Gas Investment Fund's ('OGIF's') assets in Eastern Morocco.
19 Jan 17
UK: UKOG awarded one year extension to its P1916 licence, offshore Isle of Wight
UK Oil & Gas Investments (UKOG) has been granted a one-year extension to the Initial Term of the Company's offshore P1916 licence. The company plans to submit a planning application to drill one or more prospects in the Isle of Wight during the coming year.
19 Jan 17
Morocco: Sound Energy announces successful TE-7 extended well test
Sound Energy has confirmed a successful extended well test at TE-7, the Company's second well at the Tendrara licence, onshore Morocco. The Company plans to spud the TE-8 step-out appraisal well in February.
19 Jan 17
GoM: US, Mexico and Cuba ready to sign 'Doughnut Hole' deal in Gulf waters
The US, Mexico and Cuba aim to sign an agreement determining territorial water limits before U.S. President-elect Donald Trump takes office on Jan. 20. The accord will cover the Eastern Gap of the Gulf of Mexico, an area believed to be rich in oil and gas deposits. The three countries' overlapping claims in the Eastern Gap had created what is known as a 'Doughnut Hole'.
18 Jan 17
Guyana's government creating a Petroleum Directorate
Guyana's Ministry of Natural Resources is working to have a Petroleum Directorate established and functioning within the first quarter of 2107.
18 Jan 17
Brazil may hold second sub-salt oil licensing round this year
Brazil may hold a second licensing round this year for new oil exploration areas in an offshore region known as the sub-salt where massive discoveries have been made, the Energy Ministry said on Tuesday, as it looks to spur economic growth.
18 Jan 17
Norway: Statoil granted drilling permit for well 6507/3-12 in PL 159 B
The Norwegian Petroleum Directorate has granted Statoil a drilling permit for wildcat well 6507/3-12 in production licence PL 159 B.
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