Latest News
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19 Nov 18
Magseis signs MoU with Schlumberger for joint ocean-bottom seismic services
Magseis and WesternGeco, the geophysical services product line of Schlumberger, have signed a MoU to offer joint bundled seismic services including ocean-bottom nodes (OBN) acquisition from Magseis, the world’s largest nodal acquisition company, and data QC and processing from WesternGeco, a world leader in ocean-bottom seismic (OBS) processing. -
19 Nov 18
Georgia: Block Energy notes ExxonMobil's entry into Georgia
Block Energy has noted that ExxonMobil is set to carry out a comprehensive review of western Georgia's hydrocarbon resource base and potential, following the signing of an agreement with the LEPL State Agency for Oil and Gas of the Ministry of Economy and Sustainable Development of Georgia. -
19 Nov 18
Egypt: TransGlobe Energy announces test results for South Ghazalat 6X oil discovery
TransGlobe Energy reports that the SGZ 6X exploration well tested a combined 3,840 Bopd of light (35-38 API) oil from individual tests in the Upper and Lower Bahariya formations. Based on the positive test rates from SGZ 6X, the Company will begin preparing a development plan for the discovery. -
19 Nov 18
Morocco: Sound Energy's TE-9 well in the Greater Tendrara disappoints
Sound Energy has announced the results of the TE-9 wireline log interpretation. TE-9 is the first of a three well programme to explore three non-related play concepts in the Tendrara area. Interpretation of the wireline logs has not established the presence of producible gas and the well will be plugged and abandoned, and not tested. -
19 Nov 18
Australia: Sacgasco secures option over multi-Tcf Sydney Basin permit
Sacgasco has secured an exclusive option to acquire RL Energy which has the rights to earn a 60% Working Interest in Offshore Sydney Basin permit PEP11 with multi-Tcf gas potential, adjacent to a large under supplied gas market. -
18 Nov 18
Anadarko announces 2019 Capital Program
Anadarko Petroleum has announced its 2019 capital expectations and guidance. The company's 2019 capital investment program is $4.3 to $4.7 billion, which represents a decrease relative to its 2018 program and delivers 10-percent oil growth year over year. -
18 Nov 18
Petrel Energy to merge with Warrego via a reverse takeover
Petrel Energy and Warrego Energy have announced the signing of a Non-Binding Term Sheet agreeing the acquisition of Warrego by Petrel via a reverse takeover. The enlarged group will seek admission to trading of the entire share capital of the enlarged entity on the AIM market in London. -
18 Nov 18
US: BOEM to prepare Environmental Impact Statement for potential 2019 Beaufort Sea Lease Sale
BOEM has announced it will prepare an Environmental Impact Statement (EIS) in support of a potential 2019 oil and gas lease sale in the Beaufort Sea, off Alaska’s northern coast. -
18 Nov 18
Norway: Aibel awarded FEED contract for Gudrun Phase 2 Water Injection
Aibel has been awarded the FEED contract for Gudrun Phase 2 Water Injection. The contract with Equinor also includes an option for the actual implementation (EPCI). -
18 Nov 18
Azerbaijan: Expro wins four-year contract extension for BP’s Shah Deniz Stage 2 project
Leading international oilfield services company, Expro, has strengthened the opening of its new purpose-built facilities in Baku, winning a four-year contract extension for BP’s Shah Deniz Stage 2 project. -
18 Nov 18
UK: Ineos in talks to buy ConocoPhillips North Sea assets
British petrochemicals company Ineos is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company, the Sunday Times newspaper reported, without citing sources. -
18 Nov 18
Norway: Equinor given consent to drill exploration well 25/6-6 S in PL 870
Norway's Petroleum Safety Authority has given Equinor consent to drill exploration well 25/6-6 S in production licence PL 870 in the North Sea. The well is located north east of the Utsira High in the North Sea. -
18 Nov 18
UK: Azinor Catalyst well success promising proof of industry approach - Oil & Gas UK
Oil & Gas UK has praised news that Azinor Catalyst has struck oil at Agar-Plantain as promising proof of industry’s competitive approach to exploration activity.
