17 Jan 19Sri Lanka offering Mannar Basin Block M2 for licensing
The Government of Sri Lanka is preparing for the competitive licensing of Exploration Block M2 in the Mannar Basin. The M2 Block, covering approx. 3,500 sq kms, has two gas discoveries, Dorado 91 H/1z and Barracuda 1G/1, and a number of undrilled prospects.
17 Jan 19Canada: Husky's offer for MEG expires without extension
Husky Energy has announced that its offer for MEG Energy expired on January 16 and that the minimum tender condition was not met. Due to insufficient MEG Board and shareholder support, Husky has decided not to extend its offer.
17 Jan 19UAE: PGNiG signs agreement for oil and gas exploration in UAE
PGNiG, the Ras Al Khaimah Petroleum Authority and RAK GAS have signed an agreement whereby the Polish company is permitted to explore for and produce hydrocarbons in Block 5 in the emirate of Ras al Khaimah.
17 Jan 19UK: Downhole Steam Injection Valve takes the next step towards North Sea reality
Pharis Energy and the Oil and Gas Technology Centre ('OGTC') have given the green light to Aberdeen-based oil and gas production technology business, Pragma Well Technology, to progress with the manufacture and prototype testing of their Downhole Steam Injection Valve ('DSIV') following a successful feasibility study.
17 Jan 19US: Permit to drill approved for 88 Energy's Winx-1 well, North Slope of Alaska
88 Energy reports that the Permit to Drill for the Winx-1 exploration well, North Slope of Alaska, has been approved by the Alaska Oil and Gas Conservation Commission. Spud remains on schedule for mid-late February 2019.
17 Jan 19Zargon Oil & Gas engages financial advisor
Zargon Oil & Gas has re-engaged Macquarie Capital Markets Canada as financial advisor to assist in seeking outcomes that will maximize value for the Company and its stakeholders. These outcomes may include a corporate merger, sale, recapitalization or reorganization.
17 Jan 19Trinidad: Touchstone announces Ortoire independent prospect evaluation
Touchstone Exploration has announced a summary of the results of an independent review prepared by GLJ Petroleum Consultants of Calgary, Alberta of the Company's Ortoire exploration block located onshore in the Republic of Trinidad and Tobago.
17 Jan 19Woodside announces fourth quarter report
Woodside has announced its fourth quarter report 2018. Woodside CEO Peter Coleman said the base business turned in another strong performance in the fourth quarter, with Wheatstone’s production continuing to exceed expectations and Pluto achieving 99.7% reliability.
17 Jan 19US: Oil Search's Pikka B well in Alaska encounters hydrocarbons in the Nanushuk formation
Oil Search reports that the Pikka B appraisal well has penetrated the Nanushuk formation and successfully encountered hydrocarbons, in line with pre-drill expectations.
16 Jan 19GeoPark announces Q4 2018 operational update
GeoPark, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil and Chile, has announced its operational update for the three-month period ended December 31, 2018.
16 Jan 19UK: Oil & Gas UK issues statement on Brexit
Oil & Gas UK Chief Executive Deirdre Michie said: A deal outcome is in the best interests of this industry, which is critical for security of energy supply and supports hundreds of thousands of skilled jobs right across the UK.