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17 Dec 14
Canada: Exxon and ConocoPhillips make record-breaking bid for offshore exploration rights
Exxon Mobil, ConocoPhillips and Canada-based Suncor Energy bid $559 million Canadian dollars for exploration rights in the Flemish Pass offshore Newfoundland in northeast Canada, according to local regulators.
17 Dec 14
Canada: Chevron cancels Canadian Arctic drilling as oil prices slide
Chevron is putting a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely because of what it called 'economic uncertainty in the industry' as oil prices fall.
17 Dec 14
Wood Mackenzie Global Trends - Horizons: what to look for in 2015
As a volatile 2014 winds to a close, Wood Mackenzie has drawn on the deep knowledge and expertise of senior analysts to compile a new report, Horizons: what to look for in 2015.
17 Dec 14
Teekay Offshore awarded new FPSO contract for Petrojarl I FPSO and agrees to acquire Knarr FPSO
Teekay Offshore Partners has entered into an agreement with a consortium led by QGEP to provide a floating production, storage and offloading (FPSO) unit for the Atlanta field located in the Santos Basin offshore Brazil.
17 Dec 14
US: New York bans fracking after health report
New York state will ban hydraulic fracturing after a long-awaited report concluded that the oil and gas extraction method poses health risks, Governor Andrew Cuomo's administration said on Wednesday.
17 Dec 14
Iraq: Kurdistan says oil exports could total 800,000 bpd next year
Iraq's semi-autonomous Kurdistan Regional Government will ramp up oil exports in the coming months, moving it closer to economic self-sufficiency while it works to clinch a final deal with Baghdad on crude sales and revenue sharing.
17 Dec 14
Egypt signs first gas fracking contract with Apache and Shell
Egypt has signed its first contract to extract gas by fracking in a deal with Apache and Shell Egypt that includes investments of $30-$40 million, the oil ministry said on Wednesday, part of efforts to boost output and ease a lingering energy crunch.
17 Dec 14
Cote d'Ivoire: Ivory Coast signs deals with ExxonMobil for two oil blocks
Ivory Coast has signed production sharing agreements with oil giant Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, the West African nation's oil minister said. The deal covers Ivory Coast's CI-602 and CI-603 blocks, which cover 3,874 and 5,543 sq kms respectively and vary in depth from 3,000 to 4,000 metres.
17 Dec 14
Morocco: Mazagan JV approves deep well targeting multiple stacked plays
Pura Vida Energy has advised that the Joint Venture has resolved to change the location of the first well in its 2015 drilling campaign. The decision follows a detailed review of the prospectivity of the Mazagan permit, and careful consideration of the benefits offered through investing more capital to drill deeper and test multiple prospects in the first well in the two well program.
17 Dec 14
UK: MPX announces sale of interest in UKCS Licence P1566
MPX North Sea has entered into a Sale and Purchase Agreement with Hansa Hydrocarbons to sell MPX's entire equity of 23.077% in Licence P1566 (UK SNS Blocks 47/4d and 47/5d). The Licence includes the recent Pharos gas discovery.
17 Dec 14
Australia: Drillsearch restarts production at Flax oil and gas field in Cooper Basin
Drillsearch Energy has restarted oil production from the Flax facility in PRL 14 (Drillsearch 100% and Operator) in the Cooper Basin.
17 Dec 14
SeaBird Exploration announces letter of award for source work in SE Asia region
SeaBird Exploration has received a letter of award (LOA) for source work for one of its vessels in the South East Asia region. It is estimated that the client will charter the vessel for 30-35 days starting early April 2015. The contract will have an estimated value of USD 3.5 - 4.0 million.
17 Dec 14
Brent drops below $60 as OPEC and Russia keep output steady amid glut
Brent futures fell more than 1 percent on Wednesday, down for a sixth straight session, with persistent worries of a supply glut keeping prices near a 5-1/2 year low under $60 a barrel.
17 Dec 14
Lebanon: NEOS completes airborne geophysical acquisition in Lebanon
NEOS GeoSolutions has completed airborne acquisition operations, with the full support of its local partner Petroserv, on its previously announced neoBASIN regional geoscience project in Lebanon.
17 Dec 14
Tanzania: Solo Oil provides update on acquisition of interest in Kiliwani North gas field, Tanzania
Solo Oil has been advised by Aminex that it has now received confirmation from the Tanzanian Ministry of Energy and Minerals that the Minister has no objection to the proposed assignment in the sale of up to a 13% interest in the Kiliwani North Development Licence to Solo for a total consideration of $7 million.
17 Dec 14
US: Rose Petroleum initiates completion work on State 16-42 Paradox well
Rose Petroleum has begun the initial operations for completion of the State 16-42 Paradox well in the Gunnison Valley Federal Unit in Grand County, Utah.
17 Dec 14
Chariot Oil & Gas announces pre-close operational update
AIM-listed Chariot Oil & Gas, the Atlantic margins focused oil and gas exploration company, has provided a pre-close operational update.
17 Dec 14
India: Technip awarded a €100 million onshore oil & gas terminal project by ONGC in India
Technip has been awarded an approx. €100 million contract by Oil and Natural Gas Corporation (ONGC) to build a 6 MMSCMD onshore terminal at Odalarevu in Andhra Pradesh, India, as part of the Integrated Development of Vashishta (VA) & S1 fields.
17 Dec 14
Russia: SeverEnergia launches second stage of Urengoyskoe field
NOVATEK announced Tuesday that SeverEnergia (a joint venture between NOVATEK and Gazprom Neft) launched the second stage of the Urengoyskoye field (within the Samburgskiy licence area) including the second train of the gas condensate de-ethanization unit.
17 Dec 14
Sudan to drill hundreds of wells to boost oil and gas reserves
Sudan's oil minister says the country will drill more than 250 wells in the coming year, aiming to boost its energy reserves by 65.4 million barrels of oil and 300 billion cubic feet of gas, state media reported on Tuesday.
17 Dec 14
Russia's energy minister says to maintain 2014 oil output into 2015
Russia will maintain its 2014 oil output level into 2015, and will not cut production because it would then lose market share to other countries, Russian Energy Minister Alexander Novak said on Tuesday.
17 Dec 14
Norway: Det norske granted drilling permit for wells 16/1-21 S and 16/1-21 A in PL 001 B
The Norwegian Petroleum Directorate has granted Det norske oljeselskap a drilling permit for wells 16/1-21 S and 16/1-21 A - appraisal wells on the Ivar Aasen field, where Det norske is the operator.
16 Dec 14
Norway: Statoil submits development plan for Gullfaks Rimfaks valley
Statoil and its partners have decided to develop the Rutil discovery located in the Gullfaks Rimfaks valley in the North Sea. Providing close to 80 million barrels of oil equivalent, the development will extend the lifetime of the Gullfaks A platform.
16 Dec 14
Morocco revives $4.6 billion LNG import plan
Morocco has launched a national plan to boost imports of liquefied natural gas (LNG), including the construction of a terminal at the industrial hub of Jorf Lasfar, worth up to $4.6 billion, its energy minister said on Tuesday.
16 Dec 14
Brazil: Alvopetro announces onshore gas discovery in the Reconcavo basin
Alvopetro Energy has announced that its 197(2) well, located on Block 197 in the Recôncavo basin in the State of Bahia, Brazil, has discovered natural gas.
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