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15 Dec 14
Trinidad: LGO Energy announces Goudron well GY-670 flow rate exceeds 1,000 bopd
LGO Energy has announced that its most recently completed well, GY-670, at the Goudron field in Trinidad, is now flowing at a stabilized, but highly restricted, rate of 1,085 barrels of oil per day.
15 Dec 14
UK: IGas Energy's Ellesmere Port well confirms 1,400 feet of shale
Gas Energy, one of the leading producers of onshore hydrocarbons in the UK, has announced preliminary results from the drilling of the Ellesmere Port exploration well. The well encountered an approx. 800 feet Coal Measure interval as well as a very significant approx. 1,400 ft shale sequence.
15 Dec 14
Madagascar Oil requests two-year extension for Madagascar exploration licences
Madagascar Oil has announced that, following discussions held at the Executive Committee meeting regarding Exploration Blocks 3105, 3106 and 3107 on 9 December 2014, the Company has written to the Office des Mines Nationales et des Industries Stratégiques ('OMNIS') formally requesting a two year extension to the exploration period of each of the Exploration Blocks.
15 Dec 14
Australia: Senex Energy spuds Jenners-1 well in Cooper Basin permit PEL 100
JV partner Cooper Energy has advised that Jenners-1 has spudded in PEL 100 of the South Australia Cooper Basin. The Jenners Prospect is a four-way dip closed anticline defined by the 2013 Dundinna 3D seismic survey. Jenners-1 is targeting the Tinchoo, Poolowanna and Birkhead Formations and the Hutton Sandstone.
15 Dec 14
MEO Australia says Mosman takeover offer is inferior to proposed merger with Neon Energy
MEO Australia has responded to Mosman Oil & Gas' proposal to make an off-market takeover offer. Based on the information provided to date, the MEO Directors consider the Mosman Proposal to be inferior to the proposed merger with Neon Energy.
14 Dec 14
China and Kazakhstan to sign $10 bln in deals including oil and infrastructure
China is expected to sign 30 cooperative agreements worth $10 billion with Kazakhstan as Premier Li Keqiang begins his first official visit to the country, the official Xinhua news agency said on Sunday.
14 Dec 14
Technip rules out CGG bid after talks fail
Technip has ruled out making an offer for seismic surveys specialist CGG after talks with the company failed to produce an agreement, the French oil services group said on Sunday.
14 Dec 14
Philippines: Gas2Grid granted two year technical moratorium for Service Contract 44, onshore Cebu, Philippines
Gas2Grid has advised that its application to the Philippine Department of Energy for a two year technical moratorium of Service Contract 44 (SC 44) to establish the best completion technology and fully appraise the Malolos oil field has been approved.
14 Dec 14
UK: Magseis awarded LOI for new contract in North Sea
Norwegian geophysical company Magseis has been awarded an LOI by a major international oil company for seabed seismic acquisition in the UK sector of the North Sea using the company’s proprietary MASS system and the Artemis Athene.
14 Dec 14
Slow demand, rising supply put further pressure on oil price: IEA
Oil prices are likely to come under further downward pressure, the International Energy Agency said on Friday, as it cut its outlook for demand growth in 2015 and predicted healthy non-OPEC supply gains would aggravate a global oil glut.
14 Dec 14
Indonesia energy regulator sees 2015 upstream spending at $22 billion
Indonesia expects spending in its upstream oil and gas sector to reach $22.2 billion in 2015, a senior official at the upstream regulator (SKKMigas) said, 13 percent less than the amount budgeted for this year.
14 Dec 14
Albania: Bankers Petroleum announces 2015 capital budget and work program
Bankers Petroleum has announced a fully funded US$218 million capital program and accelerated enhanced oil recovery program.
14 Dec 14
Philippines: Otto Energy receives superior proposal from Nido of US$108 million for its interest in the Galoc oil field
Following an earlier agreement with Risco Energy Investments, Otto Energy has announced it has now executed a superior sale and purchase agreement with Nido Petroleum to divest its interest in the Galoc oil field, offshore Philippines, for US$108m.
14 Dec 14
Kenya: Rift Energy confirms drillable prospects and other leads on Block L19 in Kenya
Rift Energy has identified five drillable prospects and at least 21 leads within Block L19 in Kenya to date and the interpreting/mapping phase of its 724 KM 2D seismic program is complete. The Company continues to discuss taking on a farm-out partner for the next stage of its exploration program.
12 Dec 14
India: Oilex reports Cambay Basin demonstrates strong economics
Oilex has confirmed that the Cambay field is expected to have robust economics, despite the recent sharp drop in oil prices.
12 Dec 14
Italy: Sound Oil receives final EIA approval for Nervesa appraisal well
Sound Oil has received the final EIA approval from the Veneto Region for the second Nervesa appraisal well, which will seek to confirm and develop the Southern discovery.
12 Dec 14
Kenya: Tower Resources provides update on Badada-1 well site preparation and rig contract
JV partner Tower Resources has provided an update on the planned Taipan Resources-operated Badada-1 well, onshore Kenya
12 Dec 14
Rockhopper Exploration announces Mediterranean operations update
AIM-listed Rockhopper Exploration has provided an operations update for its Mediterranean portfolio. Since completing the acquisition of Mediterranean Oil & Gas in August, the Company has conducted a thorough review of the portfolio with a view to focusing on those assets that provide low-cost opportunities to unlock value.
12 Dec 14
Petroceltic International reports legal proceedings issued by Worldview
Petroceltic International reports that it has now seen the legal proceedings issued by Worldview Capital Management. The proceedings allege that the Company has failed to undertake a review of its business and seeks direction from the Court as to the manner in which the review is undertaken.
12 Dec 14
Ireland: Antrim Energy provides prospect update on FEL 1/13, Republic of Ireland
Antrim Energy has provided an update on its prospect inventory with respect to Frontier Exploration Licence 1/13 ('FEL 1/13') which includes Blocks 44/4, 44/5 (part), 44/9, 44/10, 44/14 and 44/15 (collectively the 'Skellig Block') offshore Ireland.
12 Dec 14
Australia: Santos makes second wet gas discovery in PEL 513 in the Cooper Basin
JV partner Drillsearch Energy has announced the second wet gas discovery made by its PEL 513 joint venture with Santos. The Yarowinnie South-1 well encountered an aggregate best estimate of almost 15 metres of net gas pay over several intervals in the Patchawarra Formation.
12 Dec 14
Santos reduces 2015 capital spend by 25%
Santos said Thursday it has reduced its projected 2015 capital expenditure to $2.0 billion from the previous guidance of $2.7 billion
12 Dec 14
Russia: NOVATEK reports first stage of Urengoyskoe field ramped up to full capacity
NOVATEK has announced that the first stage of the Urengoyskoye field within the Samburgskiy license area developed by SeverEnergia (a JV between NOVATEK and Gazprom Neft) reached its full design capacity of approx. 7 billion cubic meters of natural gas and 2.5 million tons of gas condensate per annum.
12 Dec 14
Malaysia's PETRONAS says open to selling assets in Africa
PETRONAS, Malaysia's state oil company, said it is ready to divest certain assets in Africa if growth prospects are limited.
12 Dec 14
Brazil govt plans Petrobras asset - backed debt offer
The Brazilian government is working on a plan to help embattled state-controlled oil producer Petrobras borrow money through an offering of asset-backed securities before year end, Mines and Energy Minister Edison Lobão said on Thursday.
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