Latest News
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26 Jul 17
Guyana: Eco Atlantic and Tullow Oil commence 2,550 sq km 3D seismic survey offshore Guyana
Eco (Atlantic) Oil & Gas and its Operating Partner, Tullow Oil, have commenced a 2,550 km2 seismic survey on the Company's Orinduik Block, offshore Guyana. The Orinduik Block is located up dip and just a few kilometers from Exxon's recent Liza and Payara discoveries. -
26 Jul 17
Bolivia: Echo Energy signs Technical Evaluation Agreement for the Rio Salado Block, onshore Bolivia
Echo Energy has announced the signature of a Technical Evaluation Agreement (TEA) for the Rio Salado Block, onshore Bolivia. The TEA was signed between the Company, Pluspetrol and YPFB at the YPFB 2017 Gas & Oil Congress in Santa Cruz, Bolivia. -
26 Jul 17
Brazil: CGG extends Santos VII multi-client survey to optimize Saturno field imaging
CGG has announced the completion of an extension of its Santos VII broadband 3D multiclient survey offshore Brazil. The 1,867 sq km extension to the original footprint gives CGG a total of almost 16,000 sq km of newly acquired and imaged pre-salt coverage. -
26 Jul 17
Tullow Oil announces 2017 half year results
Tullow Oil has announced its results for the six months ended 30 June 2017. The Company reports first half revenues of $0.8 billion, gross profit of $0.3 billion, free cash flow of $0.2 billion and a post tax loss of $0.3 billion after impairments. -
26 Jul 17
Iraq: Petrofac strengthens Iraq presence with contracts worth US$100 million
Petrofac has secured a contract extension and a new award with a combined value of more than US$100 million for construction management, engineering, commissioning and start-up services for two International Oil Companies (IOCs) in Iraq. -
26 Jul 17
Norway: Faroe Petroleum announces successful Brasse sidetrack well results - increased volume range
Faroe Petroleum has announced the results of the 31/7-2S Brasse sidetrack appraisal well in the Norwegian North Sea. The Company reports a volume increase, with recoverable resource volumes now estimated at between 56 and 92 mmboe (from 43 to 80mmboe). -
26 Jul 17
Brazil: Karoon's Echidna oil discovery development concept approved for FEED
Karoon Gas Australia has announced that its Board has approved the development concept for the Echidna light oil discovery in Brazil's Santos Basin, progressing the project to the next phase in the development, Front-End Engineering and Design (‘FEED’). -
26 Jul 17
Australia: Rouge Rock farms into Melbana Energy's offshore permits AC/P50 & 51
Rouge Rock has formally notified Melbana of the exercise of its options to acquire a 45% interest in the AC/P50 and AC/P51 exploration permits located in the Vulcan sub-basin off the North West coast of Australia. -
25 Jul 17
China urges halt to oil drilling in disputed South China Sea
China's Foreign Ministry has urged a halt to oil drilling in a disputed part of the South China Sea, where Spanish oil company Repsol had been operating in cooperation with Vietnam. Drilling began in mid-June in Vietnam's Block 136/3, which is licensed to Vietnam's state oil firm, Spain's Repsol and Mubadala Development Co of the United Arab Emirates. -
25 Jul 17
Turkey: Valeura Energy completes first deep exploration well Yamalik-1 with partner Statoil
Valeura Energy has announced that the first deep exploration well, Yamalik-1, under Phase 1 of the Banarli farm-in agreement with its partner Statoil, has completed drilling. The well was designed as the first test of the deep, basin-centred gas potential in the Thrace Basin of northwest Turkey. -
25 Jul 17
Canada: PETRONAS and partners will not proceed with Pacific Northwest LNG project
PETRONAS and its partners have decided not to proceed with the Pacific NorthWest LNG project at Port Edward in British Columbia, Canada. -
25 Jul 17
GoM: W&T Offshore and Otto Energy contract rig to drill ST 224 Prospect in Q4 2017
Otto Energy has advised that the Operator of South Timbalier (ST) 224, W&T Offshore, has contracted the Enterprise Offshore 264 jackup rig to drill the ST 224 Prospect. The well is expected to commence drilling in Q4 2017.
