Latest News
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20 Apr 18
Norway: Aker BP granted drilling permit for well 7221/12-1 in PL 659
The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for wildcat well 7221/12-1 in production licence PL 659. The well will be drilled about 20 km northwest of the discovery well 7222/11-2 (Langlitinden). -
20 Apr 18
TAG Oil secures a revolving credit facility to pursue low-risk, high netback production opportunities
TAG Oil, an international oil and gas explorer with established high netback production, development and exploration assets, including production infrastructure in New Zealand and Australia, has secured a revolving credit facility of up to US$10,000,000 to pursue low-risk, high netback production opportunities. -
20 Apr 18
Angola invites bids for two offshore oil blocks
Angola’s state-run oil firm Sonangol is inviting bids for part of its stakes in Blocks 21/09 and 20/11, offshore Angola, according to a Reuters report. -
20 Apr 18
UK: Cluff Natural Resources announces subscription to raise GBP 0.75 million
Cluff Natural Resources has announced a subscription to raise a total of £750,000. The proceeds will be used to commence evaluation of any additional licences awarded in the 30th offshore licensing round and to continue the process to secure farm-in partner(s) to fund drilling on licences P2248 and P2252. -
20 Apr 18
Morocco: SDX Energy announces gas discovery at LNB-1 well, onshore Morocco
SDX Energy has announced that a conventional natural gas discovery has been made at its LNB-1 exploration well on the Lalla Mimouna permit, onshore Morocco. The well is being completed as a conventional gas producer. -
19 Apr 18
Australia: Galilee Energy provides update on the Glenaras multi-lateral pilot programme
Galilee Energy has provided an update on drilling operations at the Glenaras multi-lateral pilot programme. The Glenaras Gas Project was designed to to evaluate the quantity and quality of coal seam gas in the Galilee Basin Betts Creek and Aramac Coal Beds. -
19 Apr 18
Georgia: Frontera Resources announces successful completion of Dino-2 well in Block 12, Georgia
Frontera Resources has announced the successful completion of the drilling operations at the Dino-2 well, the second well of the three-well drilling campaign at the Company's Taribani complex, situated within the Block 12 license in Georgia. -
19 Apr 18
Egypt to auction 10 - 11 oil and gas concessions in Mediterranean
Egypt will auction 10 or 11 oil and gas exploration blocks in the Mediterranean, petroleum minister Tarek El Molla said. Egypt also aims to auction oil and gas drilling in the Red Sea by the end of 2018 -
19 Apr 18
India: BP and Reliance sanction second phase of integrated KG D6 development
BP and Reliance Industries Limited (RIL) have announced the sanctioning of the ‘Satellite cluster’ project in Block KG D6. The companies are moving forward to develop the Block’s discovered deep-water gas fields in an integrated series of projects, bringing new gas production for India. -
19 Apr 18
Sudan: Stamper Oil & Gas reports 22 percent increase in evaluated reserves to 182 million barrels for Sudan project
Stamper Oil & Gas has announced that Chapman Petroleum Engineering has completed an update on the oil and gas reserves and economics evaluation on the Sudan development prospect in Block 25D and Block 25E. Gross reserves have increased by 22 percent increase to 182 million barrels. -
19 Apr 18
Norway: Statoil awards billion NOK contract for Njord Bravo FSO
Statoil announced Thursday it is awarding, on behalf of the Njord license, a contract to Aibel for upgrading of the Njord Bravo floating storage and offloading (FSO) vessel in the Norwegian Sea. The contract value is around NOK 1.3 billion. -
19 Apr 18
Norway's production decreases in March 2018
The Norwegian Petroleum Directorate reports that preliminary production figures for March 2018 show an average daily production of 1,901,000 barrels of oil, NGL and condensate, which is a decrease of 46,000 barrels per day compared to February. The main reasons that production in March was below forecast is technical problems on some fields.
