04 May 16Iran: OMV and NIOC sign MoU for evaluation of various fields in the Zagros area
The National Iranian Oil Company (NIOC) and OMV have signed a MoU concerning the evaluation of various fields in the Zagros area in the west of Iran for potential future development, and a joint study agreement for the evaluation of potential hydrocarbon prospects in the Fars area.
04 May 16Norway: Repsol receives consent for removal of Petrojarl Varg and subsea structures on the Varg field
The Petroleum Safety Authority Norway has granted Repsol Norge, operator of the Varg field, consent to cease production from the field in June 2016.
04 May 16Petro River closes Horizon l Investments acquisition and provides operations update
Petro River Oil Corp has completed its acquisition of Horizon l Investments in an all-stock transaction. Both companies are targeting conventional well projects that are economic at today's oil prices.
04 May 16Iraq: Gas Plus Khalakan drills Shewashan-1 sidetrack to increase production
Gas Plus Khalakan (GPK) shareholder New Age reports that GPK has re-entered the Shewashan-1 well to perform a horizontal sidetrack and re-complete the well as a producer in the Cretaceous Shiranish formation.
04 May 16Nigeria: Panoro Energy announces first oil production from the Aje field, offshore Nigeria
Panoro Energy has announced that the first oil production from the Aje field, offshore Lagos, commenced on 3 May 2016.
04 May 16Shell makes further spending cuts after BG deal
Royal Dutch Shell on Wednesday said it plans to reduce 2016 spending by around 10 percent to $30 billion due to low oil prices, after reporting better than expected first quarter results.
04 May 16Nigeria: ION to conduct ocean bottom seismic survey offshore Nigeria
ION Geophysical has announced that its Ocean Bottom Seismic (OBS) company, OceanGeo, is mobilizing its vessels and crew to conduct an OBS survey offshore Nigeria.
04 May 16Australia: Cooper Energy announces prospective resource upgrade at the Manta field and Chimaera East prospect
New studies have highlighted additional prospectivity at Cooper Energy's Manta field and Chimaera East prospect, located in the offshore Gippsland Basin.
04 May 16Argentina: Petrobras completes sale of Petrobras Argentina to Pampa Energia
Petrobras has completed negotiations with Pampa Energía on the main terms and conditions of the sale of its stake in Petrobras Argentina (PESA).
03 May 16CGG GeoSoftware releases PowerLog 9.5 petrophysical software
CGG GeoSoftware has launched PowerLog 9.5, the new version of its flagship well log petrophysical analysis software. PowerLog 9.5 includes new features for better data management, improved asset team collaboration and streamlined workflows.
03 May 16Encana delivers basin-leading well performance and lowers costs in the first quarter
Encana built on its track record of strong operational and financial performance through the first quarter. The company delivered basin-leading well results and drilling and completions costs in its core four assets.
03 May 16US: Synergy Resources to acquire Wattenberg field assets from Noble Energy
Synergy Resources has entered into a definitive agreement with Noble Energy to acquire certain assets for total consideration of $505 million cash. The acquisition is transformational for Synergy and a significant step forward in the Company's evolution to become a leading operator in the Wattenberg field.
03 May 16Angola: Cobalt International announces condensate and gas discovery at Zalophus-1 in Block 20, offshore Angola
Announcing its Q1 2016 results, Cobalt International announced that it had completed drilling operations on the Zalophus-1 pre-salt exploration well in Block 20 offshore Angola, which resulted in a significant discovery of condensate and gas.