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18 Aug 17
US: Silver Run to merge with Alta Mesa and Kingfisher Midstream to form $3.8 billion STACK play company
Silver Run Acquisition Corporation II has entered into definitive agreements to combine with Alta Mesa Holdings and Kingfisher Midstream. Alta Mesa is an independent exploration and production company with assets located in the STACK play in Oklahoma. Kingfisher is a company engaged in the gathering, processing, and marketing of hydrocarbons in the STACK play.
18 Aug 17
Norway sees increase in July oil and gas production
The Norwegian Petroleum Directorate reports that preliminary production figures for July 2017 show an average daily production of 2,000,000 barrels of oil, NGL and condensate, which is an increase of 93 000 barrels per day compared to June. Total gas sales were also higher than last month and higher than ever for the month of July.
18 Aug 17
Norway: Statoil receives consent for Valemon field drilling
Norway's Petroleum Safety Authority has given Statoil consent to use West Elara for drilling and completing on the Valemon field.
18 Aug 17
Norway: ConocoPhillips to start dismantling historical Norwegian oil platform
ConocoPhillips has won permission to prepare for the removal of the first permanent oil platform built off Norway more than 40 years ago, the country's industry regulator said on Thursday. The U.S. company applied in July to remove Ekofisk 2/4 A, which started producing oil from the North Sea in 1974 and shut permanently in 2013.
17 Aug 17
Norwegian authorities stop Greenpeace protests at Arctic well
Norwegian coast guards stopped Greenpeace from protesting at a site of the country's northernmost exploration well drilled by Statoil, the environmentalist group said on Thursday.
17 Aug 17
Mauritania/Senegal: KBR awarded pre-FEED engineering and project support contracts for BP’s Tortue project
KBR has been awarded pre-front end engineering design (FEED) and project support services contracts by BP for the development of the Tortue / Ahmeyim field offshore Mauritania and Senegal.
17 Aug 17
Norway: Statoil receives consent for exploration drilling at Gina Krog
Norway's Petroleum Safety Authority has given Statoil consent to drill an exploration well on the Gina Krog field in the North Sea. Exploration well 15/6-14 S is to be drilled as a sidetrack from existing well 15/6-B-2.
17 Aug 17
Maersk Drilling secures important contracts for three rigs
Maersk Drilling has been awarded a contract by Shell for the deepwater semi-submersible rig Mærsk Developer for drilling and completion of wells offshore Trinidad and two contract extensions in the North Sea for the high-efficiency jack-ups Maersk Resolve and Maersk Resolute for Wintershall and Petrogas.
17 Aug 17
UK’s geology unlikely to support fracking - Heriot-Watt University
While many opponents of fracking continue to focus on the environmental impact of this method of oil and gas extraction, Professor John Underhill, the University’s Chief Scientist, has challenged the implication that because fracking works in the US it must also work in the UK.
17 Aug 17
UK: JOGMEC provides equity financing to ITOCHU’s exploration project in the UK North Sea
Japan Oil, Gas and Metals National Corporation (JOGMEC) announced that it will provide equity financing to CIECO V&C (UK), a wholly owned subsidiary of ITOCHU, which holds a 12% participating interest in the exploration licence P2170 area (Blocks 20/5b and 21/1d) offshore UK.
17 Aug 17
Iran: Turkey's Unit International, Russia's Zarubezhneft and Iran's Ghadir awarded four blocks in Iran
Turkey's Unit International has signed a $7 billion agreement with Russia's state-owned Zarubezhneft and Iran's Ghadir Investment Holding to drill for oil and natural gas in Iran.
17 Aug 17
New Zealand: TAG Oil drills successful Cheal-D1 exploration well
JV partner East West Petroleum has announced the successful drilling and casing of the TAG Oil-operated Cheal-D1 exploration well, located in the Cheal East permit (PEP 54877) in the Taranaki Basin of New Zealand.
17 Aug 17
Nigeria state oil firm says its production costs cut to $23 a barrel
Nigeria's production cost per barrel of crude oil is down to $23, the state oil company said on Wednesday, after the country last month said the cost was $29 a barrel, one of the highest levels in the world.
17 Aug 17
Cameroon: Victoria Oil & Gas provides update on Logbaba development drilling
Victoria Oil & Gas' subsidiary Gaz du Cameroun has announced an update on development wells La-107 and La-108 in the Logbaba gas field located in Douala, Cameroon. Target depth has been reached at La-107 and the well has been cased and is expected to be a substantial producer.
17 Aug 17
US: 88 Energy announces Icewine-2 operations update
88 Energy has provided an update on Project Icewine, located onshore North Slope of Alaska. Flow testing on Icewine-2 to re-commence week beginning 21st August post six week shut-in.
16 Aug 17
GoM: Gulf of Mexico Lease Sale 249 yields $121 million in high bids
Gulf of Mexico Lease Sale 249 generated $121,143,055 in high bids for 90 tracts covering 508,096 acres in federal waters of the Gulf of Mexico. A total of 27 companies participated in the sale, submitting 99 bids totaling $137,006,181.
16 Aug 17
Saudi Arabia: Shell completes SADAF chemicals sale in Saudi Arabia to SABIC for $820 million
Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for $820 million.
16 Aug 17
Indonesia: Sonoro replaces drilling contractor and rig for Budong Budong appraisal well program
Following repeated delays, Sonoro Energy has replaced the drilling contractor for its LG-1 Updip appraisal well program in the Budong Budong Production Sharing Contract (PSC) lease in West Sulawesi, Indonesia.
16 Aug 17
Philippines says China agrees on no new expansion in South China Sea
China has assured the Philippines it will not occupy new features or territory in the South China Sea, under a new 'status quo' brokered by Manila as both sides try to strengthen their relations, the Philippine defense minister said.
16 Aug 17
Norway: Beerenberg signs ISS frame agreement with Wintershall Norway
Beerenberg has signed a frame agreement with Wintershall for delivery of ISS services on the Brage installation. The 4-year frame agreement includes 3 options of 2 years’ extension.
16 Aug 17
Sirius Petroleum shares temporarily suspended pending AIM re-admission document
Sirius Petroleum has announced that, following the signing of a JOA for the development of the Ororo field, offshore Nigeria, enabling the Company to transition from an investing to an operating company, it has requested a temporary suspension of its shares, pending the publication of a re-admission document.
16 Aug 17
PESGB/HGS 16th African E&P Conference - less than a month to go
With less than one month to go, the countdown is ticking towards the prime event for technical discussions and networking on exploration and geosciences in Africa - PESGB/HGS 16th African E&P Conference.
16 Aug 17
Brazil: Petrobras reports lower pre-salt production in July
In July, the oil and natural gas production operated by Petrobras (wholly-owned and partner shares) in the pre-salt layer was 1.61 million boed, a volume 4.3% lower than the previous month. This was due mainly to the scheduled stoppage of the P-58 FPSO in the Campos Basin.
16 Aug 17
Australia: Woodside's half-year profit jumps 49 percent - misses forecasts
Woodside Petroleum said on Wednesday its half-year profit rose 49 percent, buoyed by higher oil prices and lower costs, but missed analysts' forecasts. Australia's biggest independent oil and gas producer posted a net profit for the six months to June of $507 million, up from $340 million a year ago.
16 Aug 17
China: Greka Drilling awarded two new contracts by PetroChina CNPC
AIM-listed Greka Drilling, the largest independent and specialized unconventional oil & gas driller in Asia, has been awarded two new drilling contracts with PetroChina CNPC for CBM Blocks - Fanzhuang and Anze - within Shanxi Province.
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