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20 Nov 17
UK: i3 Energy secures $25 million credit facility for 2018 Liberator field development programme
i3 Energy has received an indicative proposal and confirmed support from two UK-based lenders for a $25 million senior secured credit facility, to be used for the Phase I development of its 100% owned and operated Liberator development.
20 Nov 17
South Africa: Africa Energy to acquire additional interest in South Africa
Canadian oil and gas company Africa Energy has announced the signature of definitive agreements to acquire an effective 4.9% interest in the Exploration Right for Block 11B/12B offshore South Africa from Total and CNR International.
20 Nov 17
UK: Oil & Gas UK makes final case for tax change ahead of UK Budget
The UK Government has a limited window of opportunity to introduce a tax change with the Budget that could save the UK taxpayer millions of pounds by deferring the decommissioning of mature oil and gas fields. That’s the view of Oil & Gas UK which believes it is vital that the tax history is transferred from seller to buyer when UK North Sea assets are sold on.
20 Nov 17
UK: Premier Oil sells Wytch Farm interest to Perenco
Premier Oil has entered into a sale and purchase agreement to sell its interests in Licences PL089 and P534, containing the Wytch Farm field, to Perenco UK.
20 Nov 17
Botswana: Tlou Energy secures new Botswana based cornerstone investor
Tlou Energy has entered into conditional subscription agreements with investment funds managed by African Alliance Botswana, a leading asset manager based in Botswana. The Subscription is conditional on the Company listing on the Botswana Stock Exchange.
20 Nov 17
UK: Angus Energy provides update on Lidsey oil field
Angus Energy has provided an update on operations at the Lidsey oil field in PL241, onshore UK. The Company reports that geochemical analysis of potential hydrocarbon bearing formations encountered in the Lidsey-X2 well has confirmed TOC (total organic content) values similar to the Brockham and the Horse Hill-1 wells, which is comparable to the Bakken Shale formation (US).
20 Nov 17
UK: Craig International secures multi-million pound contract with Chrysaor
Oil and gas procurement specialist, Craig International, has bolstered its North Sea operations with the announcement of a contract with Chyrsaor. The project will see Craig International provide its procurement services to the Armada, Everest and Lomond gas platforms.
20 Nov 17
UK: Wood commences new operating partner contract for SAGE system and Beryl pipeline
Wood has commenced a multi-million dollar, evergreen contract to act as operating partner of the Scottish Area Gas Evacuation (SAGE) system and Beryl pipeline, on behalf of Ancala Midstream Acquisitions.
20 Nov 17
UK: Oil and Gas Authority approves Union Jack Oil's acquisition of interest in producing Fiskerton Airfield oil field
Union Jack Oil has announced that the Oil and Gas Authority has approved the acquisition by Union Jack of a 20% economic interest in licence EXL294 containing the producing Fiskerton Airfield oil field from the Operator, Egdon Resources.
20 Nov 17
Morocco: SDX Energy provides updates on the Sebou and Gharb Centre permits, onshore Morocco
SDX Energy has announced an update on its KSR-14 and KSR-15 development wells on the Sebou permit in Morocco. KSR-14 and KSR-15 are the first two wells of a nine well drilling programme on the Company's Sebou, Gharb Centre and Lalla Mimouna permits in Morocco.
20 Nov 17
Morocco: Sound Energy completes Aerial Gradiometry acquisition in Eastern Morocco
Sound Energy has announced completion of the Airborne Full Tensor Gravity Gradiometry (FTG) and magnetic survey acquisition in Eastern Morocco. The survey, together with the new 2D seismic programme which is now underway, was commissioned to develop a better understanding of the subsurface structure and sedimentary succession.
20 Nov 17
Thailand: Mubadala's Ladawan-1 well in G1/48 disappoints
JV partner Tap Oil reports that the Mubadala-operated Ladawan-1 exploration well in G1/48 has encountered non-commercial hydrocarbons and has been plugged and abandoned.
19 Nov 17
UK: Industry bodies strengthen partnership with new agreement
The leading trade body for the UK’s offshore oil and gas industry, Oil & Gas UK, last week signed a Memorandum of Understanding with the Society of Petroleum Engineers’ Aberdeen branch. The agreement formalises the longstanding relationship between the two industry organisations.
19 Nov 17
Norway: German gas supplier VNG in talks to sell Norwegian energy business - sources
German gas supplier VNG is in talks to sell a majority stake in its Norwegian oil and gas business, which could fetch up to $500 million, according to sources.
19 Nov 17
GoM: Ecopetrol awarded four blocks in the Gulf of Mexico Lease Sale 249
Ecopetrol has been awarded four blocks in the Gulf of Mexico in Lease Sale 249. The blocks awarded were Garden Banks 77, 78, 121 and 122. Ecopetrol and Repsol will each hold 50% equity, with the blocks operated by Repsol.
19 Nov 17
Brazil: Statoil exercises option to extend its Platform Drilling Management contract for the Peregrino Field Development located offshore Brazil
Archer has announced that effective from the 1st December 2017, Statoil has confirmed a 3 year extension to the Archer’s contract for the provision of Platform Drilling Management Services on the Peregrino A and B platforms located offshore Brazil.
19 Nov 17
Australia: Polarcus secures fully prefunded multi-client project in Australia
Polarcus has secured high industry prefunding for the 'Zenaide' multi-client broadband 3D marine seismic project in the Bonaparte Basin, offshore Australia.
19 Nov 17
Argentina to extend gas production subsidies to Austral basin
Argentina will extend subsidies for unconventional natural gas production to the Austral basin in the south of the country, the Energy Ministry said in a resolution published in the official gazette on Friday.
17 Nov 17
Norway: Aker Solutions to provide umbilicals for three offshore Norway field developments
Aker Solutions has won a contract to provide umbilicals for the Statoil-operated Johan Sverdrup, Utgard and Bauge developments offshore Norway.
17 Nov 17
UK/Netherlands: Parkmead Group announces preliminary results - updates operations
Parkmead, the UK and Netherlands focused independent energy group, has reported its preliminary results for the year ended 30 June 2017. The Group moved into gross profit in 2017 as a result of increased gas production and the cost reduction programme in the UK.
17 Nov 17
UK: Angus Energy commences production from Lidsey-X2
Angus Energy has commenced production at the Lidsey oil field from the well Lidsey-X2. Initial start-up rates of production from the Great Oolite reservoir are 40 bopd.
17 Nov 17
Pakistan: Mitsui to participate in FSRU project in Pakistan
Mitsui & Co has entered into an agreement with BW Group to form a joint venture and to acquire a 49% stake in the JV to jointly own the Floating Storage and Regasification Unit ('FSRU') BW Integrity.
16 Nov 17
Venezuela chooses Dutch-based firm for Orinoco oil JV
Venezuela has selected a little-known, Dutch-registered company for a new joint venture at the Junin 10 oil block in its Orinoco Belt region, according to a decree published on Thursday.
16 Nov 17
Canada's Cenovus to sell some Deep Basin gas assets to cut costs - new CEO
Canadian oil producer Cenovus Energy has put a package of some of its Deep Basin gas assets up for sale, the company’s new chief executive said on Wednesday, adding that Cenovus was looking to reduce costs in the long term.
16 Nov 17
Anadarko announces 2018 Capital Program
Anadarko Petroleum has announced its 2018 capital expectations and guidance. In 2018, the company expects to make capital investments in the range of $4.2 to $4.6 billion, with approx. 80 percent of capital allocated toward the Delaware and DJ basins, including Anadarko midstream, and the deepwater Gulf of Mexico.
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