energy-pedia news

Search energy-pedia news by selecting date, type, and region from the drop-down boxes

The full News Archive is available to Corporate Subscribers only. Non-Subscribers can access up to four years of archived news. For details of how to subscribe click here.

27 Dec 17
UK: INEOS continues to make good progress towards the restart of the Forties Pipeline System
INEOS reported December 26 that the repair of the Forties pipeline at Red Moss is now mechanically complete and pressure testing is well underway. Based on current estimates the company expects to bring the pipeline and Kinneil progressively back to normal rates early in the new year.
27 Dec 17
UK: Premier Oil announces Catcher Area first oil
Premier Oil has announced that first oil from the Catcher Area was safely achieved on 23 December 2017. Initial stabilised production from the Catcher field will be at an expected rate of around 10,000 bpd. This will be ramped up in phases with production from the Varadero field followed by the Burgman field.
27 Dec 17
Kazakhstan: Eni and KMG complete transfer of subsoil use rights of Isatay block, Kazakhstan
The Ministry of Energy of the Republic of Kazakhstan, Eni and KazMunaiGas (KMG) have signed the agreement to transfer to Eni 50% of the subsoil use rights of the Isatay block, located in the Caspian Sea, for exploration and production of hydrocarbons.
27 Dec 17
Australia: Spectrum expands Broadband 3D and 2D seismic coverage offshore Australia
Spectrum has commenced a new Multi-Client Broadband 3D and 2D Reprocessing Project in the Otway Basin offshore Australia. The project focuses around the 2018 Offshore Petroleum Exploration Acreage Release Proposed Areas in the Otway Basin announced today by the Australian Government.
27 Dec 17
Brazil: Spectrum commences Phase III of the Brazil Santos Campos multi-client 2D seismic campaign
The Phase III survey is an extension of Spectrum’s 2017 Santos Campos Phase II survey, covering an area in the southern Santos Basin. This new data incorporates areas included in the Round 16 licensing proposal, scheduled for 2019.
27 Dec 17
GoM: TGS announces Alonso 3D multi-client project in US GOM
TGS has announced new multi-client acquisition project, Alonso 3D in the US Gulf of Mexico. Alonso 3D is a multi-client survey of 6,172 km2 located in the Atwater Valley and Lloyd Ridge protraction areas of the US Gulf of Mexico.
27 Dec 17
Egypt: TGS and Schlumberger announce new 2D multiclient project in Egyptian Red Sea
TGS and Schlumberger on December 20 announced a new 2D seismic project offshore Egypt. The project is part of an agreement entered with GANOPE in which Schlumberger and TGS have a minimum 15-year period of exclusive multiclient rights in a ~70,000 km2 open area offshore the Egyptian Red Sea.
27 Dec 17
Norway sees decrease in November production
The Norwegian Petroleum Directorate reports that preliminary production figures for November 2017 show an average daily production of 1,813,000 barrels of oil, NGL and condensate, which is a decrease of 102,000 barrels per day compared to October.
27 Dec 17
UK: UKOG provides update on planned 2018 drilling and testing programme at Horse Hill
UK Oil & Gas Investments (UKOG) announced December 19 that it has been advised by Horse Hill Developments Ltd, the operator of the Horse Hill-1 ('HH-1') oil discovery, that key contracts and the requisite funding commitments are in place to undertake the production flow testing and drilling campaign approved by Surrey County Council in October 2017.
27 Dec 17
Norway: Statoil submits PDO for Snorre Expansion Project
Statoil, on behalf of the Snorre Unit partners, on December 21 submitted the plan for development and operation (PDO) of the Snorre Expansion Project to the authorities. The investment will increase recovery from the Snorre field by close to 200 million barrels.
27 Dec 17
Germany: Path Investments farms into Alfeld-Elze II gas field in Germany
Path Investments has entered into a conditional farm-in agreement ('FIA') with 5P Energy GmbH in relation to the potential acquisition of a 50% participating interest in a producing gas field, the Alfeld-Elze II Licence and Gas Field in Germany.
27 Dec 17
Sierra Leone: African Petroleum announces upgraded prospective resources in Sierra Leone
African Petroleum has announced an update to the prospective oil resources at the 100% owned and operated licence blocks SL-03 and SL-4A-10, offshore Sierra Leone. The upgrade in resources takes into account two new material prospects - Leo and Vega - identified by the Company.
27 Dec 17
Indonesia: EMGS enters into second prefunded multi-client contract in Indonesia
EMGS has entered into a second prefunded multi-client contract in Indonesia, following one previously announced December 19. The combined minimum gross value for the two contracts is USD 2.8 million. The surveys will be acquired duing the period Dec 2017 - Jan 2018.
27 Dec 17
AWE recommends acquisition by Mineral Resources
AWE has entered into a binding Scheme Implementation Deed with Mineral Resources. Under the terms of the agreement, Mineral Resources has agreed to acquire all of the shares in AWE via a Scheme of Arrangement. The acquisition has been recommended unanimously by the AWE Board.
27 Dec 17
Egypt: Eni begins producing from Zohr - the largest ever discovery of gas in the Mediterranean Sea
Eni has produced its first gas from the supergiant Zohr field in a record time for this type of field of less than two and a half years. The discovery, which is located in the Shorouk Block, offshore Egypt approx. 190 km north of Port Said, has a potential in excess of 30 Tcf of gas in place (about 5.5 billion barrels of oil equivalent).
27 Dec 17
Argentina: BP and Bridas complete formation of new integrated energy company
BP confirmed December 18 that formation of Pan American Energy Group (PAEG) has completed. The new company, owned by BP (50%) and Bridas Corporation (50%), is now the largest privately-owned integrated energy company operating in Argentina.
22 Dec 17
Statoil participates in offshore wind tender
Statoil has submitted a bid in the offshore wind tender Hollandse Kust Zuid area I&II, an up to 760 MW project in the Dutch part of the North Sea. This is the first non-subsidy tender for offshore wind projects in the world.
22 Dec 17
Brazil: Statoil acquires 25 percent of the Roncador field in Brazil and advances its strategic partnership with Petrobras to increase recovery
Statoil and Petrobras have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil. The transaction nearly triples Statoil’s production in Brazil. The total consideration comprises an initial payment of USD 2.35 billion, plus additional contingent payments of up to USD 550 million.
15 Dec 17
Norway: Aker BP submits development plans for three fields offshore Norway
Aker BP has submitted the Plans for Development and Operations (PDOs) for the Valhall Flank West, Aerfugl (formerly Snadd) and Skogul (formerly Storklakken) fields to the Norwegian Ministry of Petroleum and Energy, on behalf of the respective partnerships.
15 Dec 17
UK: Independent Oil and Gas granted extension of the Blythe Licence in the Southern North Sea
Independent Oil and Gas has announced that licence P1736 that contains the Blythe gas discovery has been extended by 12 months to 31st December 2018. The Blythe gas field contains 33 BCF of 2P reserves and is an important part of the combined Blythe and Vulcan Satellites hub developments.
15 Dec 17
GoM: W&T Offshore's South Timbalier ST 224-1 in the Gulf of Mexico disappoints
JV partner Otto Energy reports that the W&T Offshore operated ST 224-1 exploration well, offshore Gulf of Mexico, has encountered water wet sands in the targeted BN sand interval. The well will be plugged and abandoned.
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
UK: Statkraft sells 40 per cent share in Sheringham Shoal Wind Farm
Statkraft has signed an agreement to sell its stake in the Sheringham Shoal offshore wind farm to the UK fund manager Equitix. The agreed purchase price for the 40 per cent share is GBP 558 million.
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.
More results: Page 1 of 22   First  1  2  3  4  5  Next  Last  
Go to page:

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 277

Completed Deals

Completed Upstream Deals: 6459

Company Profiles

Current Company Profiles: 2886

Corporate Activity

Current Corporate Activity articles: 4038

Companies Looking

Current number of articles: 463

Company Sales

Current Company Sales articles:1622


Current Geostudies articles: 920

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Government of South Australia
Union Jack Oil 149
Telos NRG
Rose & Assocs 180
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675