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17 Oct 17
Emerson agrees to acquire Paradigm for $510 million
Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry, for a purchase price of $510 million
17 Oct 17
Canada: EMGS prepares for multi-client survey west of Newfoundland
Electromagnetic Geoservices (EMGS) has initiated preparations for carrying out a pre-funded multi-client survey west of Newfoundland, Canada. The survey is expected to be executed in the fourth quarter of 2017.
17 Oct 17
Equatorial Guinea: Ophir Energy awarded offshore acreage in EG Ronda 2016
The Ministry of Mines and Hydrocarbons, Ophir Energy and national oil company GEPetrol have signed a new production sharing contract (PSC) for Block EG-24 offshore Rio Muni, Equatorial Guinea. Block EG-24 (formerly Block EG-20 and Block M) is one of 20 exploration areas marketed during the EG Ronda 2016 licensing round.
17 Oct 17
BP midstream partners launches initial public offering
BP Midstream Partners, a limited partnership formed by an indirect, wholly-owned subsidiary of BP, announced Monday that it has commenced an initial public offering.
17 Oct 17
Tendeka secures trio of Middle East contracts
Following a recent award by the Kuwait Oil Company to deliver a lower completions project, Tendeka, a global leader in advanced completions and production optimisation, has been awarded two further contracts in the Middle East.
17 Oct 17
PNG: Oil Search reports quarterly production at record levels
Oil Search delivered an all-time record quarterly production of 7.91 mmboe in the third quarter, taking production for the nine months to 30 September 2017 to 22.72 mmboe. This excellent result was driven by higher production from both the PNG LNG Project and the Company's operated fields.
17 Oct 17
GoM: Wood wins FEED contract for first-of-its-kind LNG production platform
The Honghua Group has awarded a $12 million front-end engineering design (FEED) contract to Wood for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico. The main objective of the FEED is to finalize the design of the world’s first offshore platform-based natural gas liquefaction and storage facility.
17 Oct 17
Italy: Saffron Energy awarded Sant' Alberto Production Concession
AIM-listed Saffron Energy has been awarded a Production Concession for its Sant' Alberto gas field from the Italian Ministry of Economic Development. Completion of the development and first production is expected during the first half of 2018.
17 Oct 17
Argentina: President Energy announces first sale of oil from Puesto Flores field
AIM-listed President Energy has announced that it has already banked the proceeds from its first delivery of oil from the Puesto Flores field, the acquisition of which, together with the neighbouring Estancia Vieja field, was announced on 21 September 2017.
17 Oct 17
Algeria sees energy law amendment by end of 2018
Algeria aims to amend its energy law in 2018 as it plans to improve contract terms to attract needed foreign investment, authorities said on Monday, giving the first timeline for a much-anticipated move.
17 Oct 17
Australia: Galilee Energy and Jemena fast-track plans to connect Galilee Basin to the East Coast gas market
Galilee Energy has signed a binding agreement with Jemena to work together towards agreed development milestones that will fast-track plans to deliver a large new source of gas from Galilee Energy’s Glenaras Gas Project in the Galilee Basin in central Queensland to the east coast domestic market.
16 Oct 17
Trinidad: FairfieldNodal awarded Z700 project offshore Trinidad
FairfieldNodal will begin a large Z700 acquisition project offshore Trinidad in late October 2017. FairfieldNodal’s Z700 data acquisition system is ideally suited to meet the tough environmental conditions in this region that make OBC or streamer surveys risky.
16 Oct 17
Value Engineering application in Asset Life Assessment
EPConsult Energies (EPEn) recently completed a Value Engineering Study for a project where asset life, life extension and obsolescence were critical subjects. This involved applying the Value Engineering technique for a complex offshore ZADCO installation to support the client in deriving, optimising and justifying the final scope for the installation’s late life operation.
16 Oct 17
African Petroleum provides update on West Africa operations
African Petroleum has provided an update on its operations in The Gambia, Senegal, Cote d'Ivoire and Sierra Leone. In The Gambia, the Company is in the process of commencing arbitration proceedings in order to protect its 100% interest in the A1 and A4 licences.
16 Oct 17
Australia: Jadestone Energy announces 3,600 bbls/d oil production milestone at Stag
Jadestone Energy has announced that the recently acquired Stag oil field, in the Carnarvon basin, offshore Western Australia, has now reached a milestone average production rate exceeding 3,600 bbl/d.
16 Oct 17
NU-Oil and Gas wins Best Performing Stock at AIM Awards 2017
NU-Oil and Gas was awarded Best Performing Share at the recent AIM Awards 2017. The Company's share price over the period of assessment increased by 1447%.
16 Oct 17
Norway: Statoil receives consent to drill exploration well 30/8-5 in PL 190
Norway's Petroleum Safety Authority has given Statoil consent to drill exploration well 30/8-5 in production licence PL 190. Drilling is planned to begin in November 2017.
16 Oct 17
Brazil: Spectrum commences Ceara Basin 2D Multi-Client seismic survey offshore Brazil
Spectrum has announced the commencement of a 6,000 km Multi-Client 2D seismic survey covering the Ceara Basin within the Equatorial Margins of Northern Brazil, which contains sectors of the 15th licensing round.
16 Oct 17
Indonesia: Renco to drill Amanah Timur-2 appraisal well in Q1 2018
JV partner Lion Energy reports that the South Block A PSC joint venture has formally approved drilling of the AMT-2 well to appraise the 2017 Amanah Timur-1 (AMT-1) discovery in North Sumatra.
16 Oct 17
Iraq: DNO reports first payment under Kurdistan receivables settlement
DNO, the Norwegian oil and gas operator, has reported the first payment from the Kurdistan Regional Government under the recently concluded agreement covering outstanding receivables for past crude oil deliveries.
16 Oct 17
Myanmar: Reliance Industries relinquishes Myanmar blocks
India's Reliance Industries has exited the last of its overseas oil and gas assets after it relinquished two blocks in Myanmar.
16 Oct 17
Norway: Norwegian Petroleum Directorate issues new edition of the Norwegian shelf map
The Norwegian Petroleum Directorate has issued a new edition of the Norwegian shelf map. The map 'The Norwegian continental shelf' shows all fields, discoveries, areas awarded and areas that have been opened for exploration activities as of August 18th, 2017.
16 Oct 17
US: Chaparral Energy announces sale of EOR assets for $170 million
Chaparral Energy has entered into a definitive agreement to sell its North Burbank and Texas Panhandle enhanced oil recovery (EOR) assets for $170 million cash plus certain contingent payments, subject to customary closing adjustments, to an undisclosed buyer.
15 Oct 17
Iraq: Kurds block Iraqi forces access to Kirkuk oil fields
Kurdish Peshmerga fighters rejected a warning from an Iraqi paramilitary force to withdraw from a strategic junction south of Kirkuk, which controls access to some of the region’s main oilfields, a Kurdish security official said on Sunday.
15 Oct 17
Mexico: Earthmoves releases its Mexico Ronda 3.1 Basin and Block Evaluation Report
Frontier Exploration Consultants Earthmoves has completed the latest Basin and Block Evaluation for the Ronda 3.1 shallow water blocks offshore Mexico. The evaluation is a sub-set of its Digital Atlas of Mexico which provides the most detailed compilation of public domain information available as a multi-client study.
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