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23 Apr 14 Namibia: Hydrocarb Energy's Owambo Basin gravity and magnetics survey identifies additional structural leads
Hydrocarb Energy has received the final comprehensive report on its recently acquired high-resolution aerial gravity and magnetics survey flown over its Owambo Basin exploration concession in Northern Namibia. The independent analysis and interpretation has indicated the existence of up to 16 additional structural leads in Blocks 1714A, 1715, 1814B, and 1815A.
23 Apr 14 Azerbaijan: BP awards US$100m subsea contract to Expro for Shah Deniz Stage 2
Leading international oilfield services company, Expro, has secured a milestone subsea contract with BP for the Shah Deniz Stage 2 project in the South Caspian Sea, one of Expro's largest Europe CIS contracts to date.
23 Apr 14 Azerbaijan: BP awards Keppel US$378 million contract for Shah Deniz
Baku Shipyard has secured a contract worth US$378 million from BP Exploration (Shah Deniz), the operator of the Shah Deniz gas field development, to design and build a Subsea Construction Vessel (SCV). When completed, the SCV will be deployed for the Stage 2 development of the Shah Deniz field.
23 Apr 14 Angola/Mozambique: Rosneft looking at expansion in Angola and Mozambique
Russian oil producer Rosneft may expand in the African countries of Angola and Mozambique, where its boss Igor Sechin served as a Soviet translator in the early 1980s. Rosneft has this week held discussions with both countries regarding possible participation in exploration, development and production projects.
23 Apr 14 Tunisia: Africa Hydrocarbons provides details on the re-completion operations at BHN-1 well in Tunisia
Africa Hydrocarbons has provided an operational update regarding the Company's BHN-1 exploration well on the Bouhajla Permit in northeastern Tunisia, where the Company has completed preparations for the re-completion of the well.
23 Apr 14 UK: RWE acquires substantial UK solar project
RWE Supply & Trading has announced the acquisition of 'Kencot Hill Solar Farm'. The 37 MWp ground-mounted solar PV project will be one of the largest in the UK and is located on a disused airfield in Oxfordshire, England.
23 Apr 14 UK: Huntington field production interrupted again
JV partner Noreco reports that production from the Huntington field in the UK has been interrupted since 12 April whilst work is undertaken to replace a number of couplings that are part of the inert gas system on the floating production and storage unit.
23 Apr 14 Norway: ARKeX recommences SE Barents Sea FTG survey
ARKeX has recommenced acquiring a Multi-Client Full Tensor Gravity Gradiometry (FTG) survey within the South Eastern Barents Sea. The survey, started last year but postponed due to weather, will cover 42,784 sq km over the proposed NPD licensing areas.
23 Apr 14 Morocco: Longreach prepares to drill into target Liassic formation with Kamar-1 well in Morocco
Canadian oil and gas company Longreach Oil & Gas is about to drill into the targeted Lower Liassic formation, the first prospective zone, with the Company's second Moroccan exploration well - Kamar-1 - on the Sidi Moktar onshore licence.
23 Apr 14 Australia: WestSide on track to start Meridian expansion in May
As Operator of the Meridian gas fields near Moura in Queensland’s southern Bowen Basin, WestSide Corp has advised that the first phase of the field’s expansion is on track to start within one month when drilling commences on the first well of a six-well program.
23 Apr 14 Gas supply for Austria: OMV and Gazprom strengthen partnership
The CEOs of Gazprom and OMV, Alexei Miller and Gerhard Roiss, met Tuesday at OMV head office to discuss the challenging current market environment for gas. Apart of the ongoing gas supply contract negotiations, the parties also discussed the current political situation, making it clear that Austria’s gas supply is a top priority.
23 Apr 14 Austria's OMV posts rise in Q1 production
Austrian oil and gas company OMV's first-quarter production rose 12 percent thanks to Norwegian assets bought from Statoil and a partial return of Libyan production. Output rose to 311,000 barrels of oil equivalent per day from 277,000 in the fourth quarter.
23 Apr 14 Guatemala: Citation Resources reports multiple potential pay zones identified at the Atzam-5 well in Block 1-2005, onshore Guatemala
Citation Resources has advised that the Atzam #5 well at the Company’s Atzam Oil Project in Guatemala has been drilled to its second intermediate casing point at 3,600 feet and has encountered significant oil shows to surface whilst drilling some its primary reservoir targets over the past few days.
23 Apr 14 Kazakhstan: Max Petroleum announces successful appraisal well at East Kyzylzhar I
Max Petroleum has announced the successful drilling results of an appraisal well in the East Kyzylzhar I Field. The KZIE-5 appraisal well has reached a vertical depth of 1,295 metres with electric logs indicating seven metres of net oil pay in two Jurassic reservoirs over a 22 metre gross interval.
23 Apr 14 Malta/Italy: Mediterranean Oil & Gas announces Q1 2014 operational update
AIM-listed Mediterranean Oil & Gas has announced an operational update for the three months ended 31 March 2014. The Company is planning a very active second quarter of 2014 as it moves ahead with its drilling campaign offshore Malta and onshore Italy, as well as the processing of the new seismic data offshore Malta Area 3.
23 Apr 14 Thailand: PTTEP acquires Hess Corporation in Thailand to strengthen its Thailand investment
PTT Exploration and Production (PTTEP) has signed Share Purchase Agreements (SPAs) to acquire 100% equity stakes of the subsidiaries of Hess Corp in Thailand for a total consideration of approx. USD 1,000 million.
23 Apr 14 Kenya: Tullow Oil acquiring 2D seismic in Kenya Block 12B
JV partner Swala Energy has announced that the 2D seismic acquisition programme in Block 12B, Kenya has commenced. The work will be carried out by BGP International. Swala and its Joint Venture partner Tullow Oil will acquire approx. 350km of 2D seismic.
23 Apr 14 Dragon Oil issues Interim Management Statement - updates operations
Dragon Oil on Tuesday issued its Interim Management Statement. The average gross production rate in 1Q 2014 was approx. 72,300 bopd. Drilling of an exploration well has commenced in Iraqi Block 9.
23 Apr 14 Egypt to pay some $1 billion owed oil firms within two months - minister
Egypt will pay about $1 billion of the money it owes to foreign oil companies within the next two months, the state's MENA news agency said, quoting Oil Minister Sherif Ismail. Egypt says it owes some $6.3 billion to those companies.
22 Apr 14 India: Technip agrees to sell its majority share in Seamec
Technip has entered into binding agreement for the divestment of a majority stake of at least 51% up to 75% in Seamec to HAL Offshore, India at a consideration of Rs 97 per share. Seamec is India’s leading provider of diving support vessel (DSV) based diving services globally.
22 Apr 14 US: BP agrees to sale of interests in four Alaska North Slope assets to Hilcorp
BP has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp. The sale agreement includes all of BP’s interests in the Endicott and Northstar oilfields and a 50 percent interest in each of the Liberty and the Milne Point fields.
22 Apr 14 Pakistan: Jura Energy commences development drilling in the Badar lease in Pakistan
Jura Energy has announced that the drilling of the Badar-2 development well has commenced in the Badar lease, located in the Middle Indus Basin of Pakistan.
22 Apr 14 CAMAC Energy provides operational update
CAMAC Energy has announced an update on the Company's operations in West and East Africa, including Nigeria, Ghana, and Kenya. The Company is looking to ramp up net daily production from 2,000 barrels of oil today to 14,000 barrels of oil by year-end.
22 Apr 14 UK: Exxon works to reopen UK pipeline after tapping device found
Exxon Mobil is working to reopen one of Britain's main underground fuel pipelines after the discovery of a tapping device and a stash of diesel that police believe was siphoned off by thieves.
22 Apr 14 Lundin Petroleum announces first quarter 2014 financial update
Lundin Petroleum will expense exploration costs of approx. MUSD 127 for the first quarter of 2014. These expenses will be offset by a tax credit of MUSD 61 giving an after tax net impact to the income statement for the Period of MUSD 66.
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