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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.