16 Jan 18Norway: APA 2017 - Record number of licenses awarded for further exploration of the Norwegian continental shelf
The Norwegian Ministry of Petroleum and Energy has offered the industry 75 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2017 (APA 2017) licensing round.
16 Jan 18Norway: Spirit Energy granted drilling permit for well 6506/9-4 S in PL 433
The Norwegian Petroleum Directorate (NPD) has granted Spirit Energy Norge a drilling permit for appraisal well 6506/9-4 S in production licence PL 433.
16 Jan 18US: TGS announces three new onshore seismic projects in North America
TGS has announced three new onshore seismic projects; Sanderson, West Hackberry and Dawson in prolific North American basins.
16 Jan 18Trinidad: Touchstone preparing to drill first five wells in its 2018 drilling program onshore Trinidad
Touchstone is currently constructing four surface locations to accommodate the Company’s first five wells planned for 2018 in Trinidad with construction of the first three locations expected to be completed by the end of January 2018.
16 Jan 18UK: United Oil & Gas farms into Corallian Energy's southern UK assets
United Oil & Gas has announced an agreement to farm-in to the Corallian Energy interests in its southern UK oil and gas assets. The assets include the Colter discovery, adjacent to the largest onshore oil field in Europe, Wytch Farm, which has produced in excess of 450 million barrels of oil. An appraisal well on the Colter structure is planned to be drilled in Q2 2018.
16 Jan 18Oil hovers near three-year high despite rising U.S. output
Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of a 'red flag' due to surging U.S. production.
16 Jan 18PNG: Oil Search completes drilling of P’nyang South 2 appraisal well in Papua New Guinea
Oil Search reports that the P’nyang South 2 ST1 well, located in PRL 3 in the North-West Highlands of Papua New Guinea, reached a total depth of 2,725 metres on 7 January 2018. As previously reported, the well, encountered gas in good-quality Toro and Digimu sands and confirms the extension of the P’nyang field to the south-east.
16 Jan 18UK: UK: OGA approves the redevelopment of the Penguins cluster in the Northern North Sea
Andy Samuel, Chief Executive of the Oil and Gas Authority has welcomed Shell’s announcement that it has made a final investment decision on the redevelopment of the Penguins oil and gas field in the UK North Sea.
16 Jan 18BP's Deepwater Horizon claims facility approaches closure - BP to take $1.7 billion post-tax non-operating charge
The Court Supervised Settlement Program (CSSP) established as part of the Deepwater Horizon (DWH) class action settlement is winding down. BP now expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results.
15 Jan 18Canada: Vermilion Energy acquires oil assets in Southeast Saskatchewan and Southwest Manitoba
Vermilion Energy has entered into an arrangement agreement to acquire a private southeast Saskatchewan producer for total cash consideration of $90.8 million. The Acquisition is comprised of high netback, low base decline, light oil producing fields in the Sinclair and Fertile areas, straddling the Saskatchewan/Manitoba border.
15 Jan 18US: Shell to acquire interest in U.S. solar business
Shell has signed an agreement to acquire a 43.83% interest in U.S. solar company Silicon Ranch. The deal is valued between $193 and $217 million, and expected to close in Q1 2018.
15 Jan 18Colombia: Canacol Energy announces significant gas discovery in Colombia
Canacol Energy has provided the results of the Pandereta 2 appraisal well located on its 100% operated VIM 5 block in the Lower Magdalena Valley Basin of Colombia. The well tested an absolute open flow rate of 140 million standard cubic feet per day, confirming a significant new gas discovery.
15 Jan 18UK: INEOS launches six new oil and gas businesses
INEOS has confirmed that it is launching six new oil and gas businesses. The announcement follows the completion of a number of North Sea Oil and gas acquisitions that began in 2015. Today INEOS is a top ten company in the North Sea and the biggest privately-owned exploration and production business operating in North West Europe.