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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: 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
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.
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
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
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.
16 Aug 17
Australia: Woodside says expects first Wheatstone LNG cargo in Sept
Woodside Petroleum expects the first cargo from the Wheatstone liquefied natural gas project in September, Chief Executive Peter Coleman said on Wednesday.
15 Aug 17
US: Whiting Petroleum announces $500 million sale of Fort Berthold Area assets in North Dakota
Whiting Petroleum has an agreement to sell its Fort Berthold Indian Reservation area assets located in Dunn and McLean Counties, North Dakota to RimRock Oil & Gas Williston for a cash purchase price is $500 million.
15 Aug 17
Orca Exploration confirms discussions with Swala Oil & Gas regarding a possible minority investment in the Orca Group
Orca Exploration has confirmed that it is in discussions with Swala Oil & Gas (Tanzania) regarding a possible minority investment in PAE PanAfrican Energy Corp ('PAEM'), a Mauritius-registered company that is a wholly-owned subsidiary of the Company.
15 Aug 17
Cuba: Melbana Energy announces up to $6.6 million capital raising for Cuba drilling preparations
Melbana Energy has announced a placement to raise approx. $1.8 million and an entitlement offer of shares to raise up to approx. $4.8 million. Proceeds will be used primarily to allow the Company to undertake the necessary initial preparations for the planned Cuba drilling program in 2018 on the Company’s 100% owned onshore Block 9 PSC (but excluding drilling itself).



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