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15 Dec 17
Melbana Energy announces placement to raise $2.1 million
Melbana Energy has accepted commitments to raise up to $2.1 million through a Placement. Proceeds will be used primarily for the Company’s Cuba and New Zealand projects.
15 Dec 17
Petrobras and ExxonMobil form strategic alliance
Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.
14 Dec 17
Australia: World first for Woodside and ABB
Woodside has formalised an agreement with ABB Australia under which a microgrid solution with a lithium-ion PowerStore Battery energy storage system will be installed on its Goodwyn A platform in the second half of 2018, marking the first offshore application of such technology in the world.
14 Dec 17
UK: UKCS operating costs decrease by 14% in 2016 - falling for second consecutive year
Operating costs in the UK Continental Shelf (UKCS) dropped by 14% in 2016 with operators securing approx. £1.1 billion reductions in operating expenditure (OPEX).
14 Dec 17
US: Cobalt International Energy files for Chapter 11 to facilitate restructuring
Cobalt International Energy, an independent exploration and production company active in the deepwater U.S. Gulf of Mexico and offshore West Africa, has announced that it and certain of its U.S. affiliates filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code.
14 Dec 17
Norway: Statoil awards long-term subsea contracts on the Norwegian continental shelf
Statoil has awarded new subsea maintenance framework agreements to Aker Solutions, TechnipFMC and OneSubsea. The contracts have a total estimated value of more than NOK 8 billion and a duration extending to 2023. In addition, the contracts include options for a total of 20 years.
14 Dec 17
Norway: Aker Solutions secures subsea services agreement with Statoil
Aker Solutions has secured a framework agreement to provide subsea services for Statoil-operated oil and gas fields offshore Norway. The contract has a fixed period of five years, starting in the first quarter of 2018, and contains five four-year extension options.
14 Dec 17
Brazil: Statoil and QGEP complete transaction on the Carcará oil discovery in Brazil
Statoil and QGEP have completed their transaction announced in July 2017, whereby Statoil has acquired QGEP’s 10% interest in the BM-S-8 block in Brazil’s Santos basin for a total consideration of USD 379 million.
13 Dec 17
World Bank to cease financing upstream oil and gas after 2019
The World Bank will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances, it said on Tuesday, drawing praise from environmental groups.
13 Dec 17
Mozambique: ExxonMobil completes LNG acquisition in Mozambique Area 4
ExxonMobil has announced the completion of a transaction by ExxonMobil Development Africa to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.
13 Dec 17
Ireland: Europa Oil & Gas provides technical update on LO16/20, offshore Ireland
Europa Oil & Gas has announced an update on its 100% owned Licensing Option (‘LO’) 16/20 in the Slyne basin, offshore Ireland which lies adjacent to the producing Corrib gas field.

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