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22 Sep 17
Kazakhstan cuts Kashagan Q4 output forecast to 270,000 bpd
Kazakhstan’s giant Kashagan oil field will produce 270,000 barrels per day in the last quarter of this year, a unit of Kazakh national oil firm told Reuters. The forecast is lower than that given this month by Energy Minister Kanat Bozumbayev.
22 Sep 17
GoM: Total signs agreement with Chevron on exploration in deepwater Gulf of Mexico
Total has entered into an agreement to capture seven prospects operated by Chevron in the deepwater Gulf of Mexico. The agreement covers 16 blocks.
22 Sep 17
Clontarf Energy announces interim statement - updates operations
AIM-listed Clontarf Energy has announces financial results for the six months ended 30 June 2017 and provided an update on its operations in Equatorial Guinea, Ghana and Peru.
22 Sep 17
UK: Angus Energy provides update on Lidsey and Brockham oil field operations
Angus Energy has provided an update on operations at its Lidsey oil field, where production is scheduled to re-start next month, and its Brockham oil field, both located onshore UK.
22 Sep 17
Rose Petroleum announces placing to raise £3 million
AIM-listed Rose Petroleum has conditionally raised £3m before expenses through a placing. Proceeds will be used to complete the 3D seismic survey on the Company's oil and gas exploration acreage in the Paradox Basin, Utah, to commence drill permitting and to provide working capital.
22 Sep 17
Polarcus awarded broadband 3D project in Asia Pacific
Polarcus has announced that the Company has received a Letter of Award for a broadband 3D marine seismic project in Asia Pacific.
22 Sep 17
UK: i3 Energy provides update on Liberator field development
i3 Energy has announced that detailed engineering studies to enable i3's 100% operated and owned Liberator field to be tied into the existing Blake field 'host' infrastructure and produced through the Bleo Holm Floating Production Storage and Offloading vessel ('FPSO') have commenced.
22 Sep 17
UK: Awilco Drilling awarded contract to drill development wells on Cheviot field
Awilco Drilling has accepted a Letter of Award (LOA) from Alpha Petroleum Resources to drill 18 development wells on the Cheviot field in the Northern North Sea.
21 Sep 17
Papua New Guinea government to sell stake in Oil Search
The cash-strapped government of Papua New Guinea, looking to pay off nearly $1 billion in debt, is reported to be selling its stake in Oil Search. UBS and JP Morgan will sell 31.3 million shares of Oil Search owned by the PNG government.
21 Sep 17
Nigeria: NNPC extends crude oil search to Nigeria's Sokoto Basin
The Nigerian National Petroleum Corp (NNPC) said it has extended the search for crude oil to the Sokoto Inland Sedimentary Basin.
21 Sep 17
Guinea: Hyperdynamics to seek two-year appraisal period for offshore Guinea program
Hyperdynamics has notified the government of the Republic of Guinea that it will be seeking a two-year appraisal period under its oil and gas Production Sharing Contract, following the drilling of the Fatala-1 well offshore. Hyperdynamics' current partner, South Atlantic Petroleum (SAPETRO), will withdraw from the Joint Operating Agreement.
21 Sep 17
Ireland: Providence Resources announces 2017 half year results - Barryroe well planning underway
Providence Resources has announced its unaudited interim results for the half year ended June 30, 2017. During the period Providence completed drilling of the 53/6-1 Druid/Drombeg ultra-deepwater exploration well, completed a farm-out with Cairn, together with an option transaction with TOTAL over FEL 2/14, agreed a farm-out to TOTAL on LO 16/27, as well as an option with Cairn, and continued commercial discussions on the flagship Barryroe project.
21 Sep 17
UK: Hurricane Energy announces half-year results 2017
Hurricane Energy, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has announced the publication of its interim results for the six months ended 30 June 2017. The Company remains on track for first oil in 1H 2019.
21 Sep 17
Norway: Aker Solutions wins Troll FEED contract with EPCI option from Statoil
Aker Solutions has won a contract from Statoil for front end engineering and design of a module that will increase output at Troll, one of Norway's largest natural gas fields.
21 Sep 17
US: 88 Energy provides update on Icewine-2 well onshore North Slope of Alaska
88 Energy has provided an update on Project Icewine, located onshore North Slope of Alaska. Flow testing, which re-commenced on 31st August, has been suspended for the Winter period due to logistical reasons associated with ongoing testing in Arctic conditions.
21 Sep 17
Argentina: President Energy acquires producing assets in Neuquen Basin from Chevron
AIM-listed President Energy has announced the acquisition of Chevron's 100 percent operated interest in its oil producing assets at Puesto Flores and Estancia Vieja in the prolific Neuquén Basin situated in the Rio Negro Province, Argentina.
21 Sep 17
Australia: Strike Energy completes oversubscribed $9.1 million placement to fund drilling of Jaws-1
Strike Energy has completed a heavily oversubscribed share placement raising approx. $9.1million for the Jaws-1 appraisal program planned for the Company’s Southern Cooper Basin Gas Project (SCBGP) in PEL96.
21 Sep 17
US: Halcon Resources sells non-operated Williston Basin assets for $104 million
Halcon Resources has entered into an agreement to sell its remaining non-operated assets in the Williston Basin to a private company for approx. $104 million in cash.
20 Sep 17
Canada: Quebec Government publishes draft hydrocarbon regulations
Questerre Energy has reported that the Ministry of Energy and Natural Resources in Quebec has published the proposed regulations to govern oil and gas activities in the province.
20 Sep 17
Norway may maintain oil moratorium in key Arctic region - report
Norway’s ruling Conservative Party is willing to abstain from oil and gas exploration in a key Arctic region for another four years, in return for continued parliamentary support for its minority government.
20 Sep 17
Russia: Gazprom Neft begins full-scale hydrocarbon prospecting of pre-Jurassic deposits in the Tomsk Oblast
Gazprom Neft has begun geological investigations in Paleozoic hydrocarbon deposits in the Tomsk Oblast.
20 Sep 17
A.P. Moller Holding to acquire Maersk Tankers
A.P. Møller - Mærsk has signed an agreement to sell Maersk Tankers to APMH Invest, a subsidiary of A.P. Moller Holding for USD 1,171 milion in an all-cash transaction.
20 Sep 17
UK oil and gas reserves may last only a decade - research suggests
A study by the University of Edinburgh of output from offshore fields estimates that close to 10 per cent of the UK’s original recoverable oil and gas remains and the Scottish and UK oil industries are entering their final decade of production. This, however, is disputed by Oil & Gas UK - the leading representative body for the UK offshore oil and gas industry.
20 Sep 17
China: Green Dragon Gas finalises agreements on CBM blocks with CNOOC subsidiary
Green Dragon Gas has finalised a Memorandum of Understanding on five Production Sharing Contracts (PSC) and two Supplementary Agreements with China United Coalbed Methane Corporation (CUCBM), a subsidiary of China National Offshore Oil Corporation (CNOOC), for the Shizhuang South (GSS) and Shizhuang North (GSN) Blocks.
20 Sep 17
Indonesia: Ramba Energy farms out additional interest in Lemang PSC to Mandala Energy
Ramba Energy has entered into agreements to farm-out a 15% participating interest in the production sharing contract relating to the Lemang Block to Mandala Energy.
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