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12 Dec 17
Oil & Gas UK welcomes launch of Spirit Energy
Oil & Gas UK, the leading representative body for the UK offshore oil and gas industry, has welcomed the launch of new E&P joint venture Spirit Energy, which combines Centrica’s E&P business with Bayerngas Norge.
12 Dec 17
Australia: Melbana Energy announces Beehive (WA-488-P) seismic funding and farmin option agreement with Total and Santos
Melbana Energy has executed a seismic funding and farmin option agreement with Total and Santos in relation to Melbana’s 100% owned WA-488-P, which contains the giant multi billion barrel Beehive prospect.
12 Dec 17
Mexico: Eni completes Area 1 2017 drilling campaign offshore Mexico - increases hydrocarbons in place estimate
Eni has successfully drilled the Tecoalli 2 well, in the shallow waters of Campeche Bay, offshore Mexico. Following the results of this well and the revision of the reservoir models of the Amoca and Miztón fields, the hydrocarbon in place estimate for Area 1 is boosted from 1.4 to 2.0 billion barrels.
12 Dec 17
Mauritania: Kosmos Energy's Lamantin-1 exploration well offshore Mauritania disappoints
Kosmos Energy has completed drilling the Lamantin-1 exploration well located in Block C-12 offshore Mauritania in approx. 2,200 meters of water. Kosmos reports that the Campanian reservoir objective was water bearing with some residual hydrocarbons and the well will be plugged and abandoned.
12 Dec 17
Botswana: Tlou Energy receives approval for listing on Botswana Stock Exchange
Tlou Energy, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane ('CBM'), has received formal approval for the Company to list on the Botswana Stock Exchange.
12 Dec 17
UK: Hurricane Energy provides operational update on the Lancaster Early Production System ('EPS')
Hurricane Energy has provided an operations update on activities related to the Early Production System on the Lancaster Field ('Lancaster EPS'). Operations remain on schedule for planned first oil in H1 2019.
12 Dec 17
Oilex announces placement to new cornerstone shareholder - secures funding of up to A$2.35 million
Oilex has entered into subscription agreements for a conditional capital raising to secure funding of up to A$2.35 million (£1.33 million). Funds raised from the placement will be used for a targeted 2018 work programme within the Cambay PSC and for ongoing working capital requirements.
12 Dec 17
Australia: Santos strengthens Northern Australia position with Beehive 3D seismic survey agreement
Santos has entered into an agreement to partially fund and operate a 3D seismic survey over the exciting, undrilled Beehive prospect, earning the company a farm-in option for WA-488-P in the Bonaparte Basin offshore Western Australia. The option will be acquired from Melbourne-based Melbana Energy.
11 Dec 17
UK: Forties oil pipeline to be closed for repairs - price of Brent crude rises 2 percent
The Forties pipeline, which carries about 40% of North Sea crude oil, is being closed after a crack was discovered in Aberdeenshire. The Forties pipeline carries crude North Sea oil across land for processing at Grangemouth. The crack was discovered last week at Red Moss near Netherley.
11 Dec 17
UK's Petrofac hires Bain & Co to explore options for North Sea business - Times
British oilfield services company Petrofac has hired consultancy Bain & Co to explore options for the its North Sea operations, including a sale, the Times reported on Sunday.
11 Dec 17
US: Oasis Petroleum announces Delaware Basin acquisition
Oasis Petroleum has entered into a definitive purchase and sale agreement with Forge Energy to acquire 20,300 net acres in the Delaware Basin for approx. $946 million.
11 Dec 17
Equatorial Guinea: ExxonMobil makes new oil find in Equatorial Guinea Block EG-06
ExxonMobil has struck oil with its Avestruz-1 well in Block EG-06, announced the Ministry of Mines and Hydrocarbons of Equatorial Guinea. The well was drilled in October 2017. The operator is now assessing potential commerciality.
11 Dec 17
Norway: Subsea 7 awarded EPCI contract for Aker BP's Aerfugl development, offshore Norway
Subsea 7 has announced the award of a substantial EPCI contract from Aker BP on behalf of the Skarv Unit for the Aerfugl gas field development in the Norwegian Sea.
11 Dec 17
Norway: Aker Solutions to provide subsea production system for Aker BP's Aerfugl development, offshore Norway
Aker Solutions has been awarded a contract from Aker BP to deliver the subsea production system for the first phase of the Aerfugl development offshore Norway.
11 Dec 17
Congo (Brazzaville): Anglo African Oil & Gas delays Tilapia field drilling pending licence extension
Anglo African Oil & Gas has announced a corporate update in line with its plan to increase production and reserves at its 56% owned Tilapia oil field in the prolific Lower Congo Basin. Drilling of TLP-103, a new multi-horizon well, has been delayed pending the award of a licence extension in respect of the Tilapia field.
11 Dec 17
Iraq: DNO steps up production from Peshkabir field in Kurdistan
DNO, the Norwegian oil and gas operator, has announced a tripling of production from the Peshkabir field in the Tawke license in the Kurdistan region of Iraq to 15,000 barrels of oil per day (bopd) following completion of the Peshkabir-3 well testing, stimulation and cleanup program.
11 Dec 17
UK: Sparrows Group announces acquisition of wind energy specialist Alpha Offshore Service
Sparrows Group has cemented its position in the renewables sector with the acquisition of Danish wind energy specialist Alpha Offshore Service.
11 Dec 17
UK: Premier Oil announces sale of interest in ETS pipeline
Premier Oil has entered into a sale and purchase agreement ('SPA') to sell its entire equity interest in the Esmond Transportation System ('ETS') pipeline to CATS Management. Under the terms of the SPA, Premier will receive cash consideration of up to £23.6 million ($31.6 million) for its entire 30 per cent interest in ETS.
11 Dec 17
Spirit Energy launched following completion of Centrica and Bayerngas Norge E&P joint venture
Spirit Energy, the E&P joint venture which combines Centrica’s E&P business with Bayerngas Norge, has begun trading as an independent oil and gas operator.
11 Dec 17
UK: Hurricane Energy announces publication of updated CPR for its Rona Ridge assets
Hurricane Energy, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has reported the publication of an updated Competent Person's Report ('CPR') by RPS Energy Consultants. The updated CPR concerns all of the Company's Rona Ridge assets excluding the Lancaster field.
11 Dec 17
Cameroon: Tower Resources commences ESIA process for drilling on the Thali licence, offshore Cameroon
Tower Resources has announced the award of a contract for support in preparing an Environmental and Social Impact Assessment ('ESIA') for the drilling of multiple wells on the Thali licence in Cameroon.
11 Dec 17
Morocco: SDX announces gas discovery at KSR-16 well, onshore Morocco
SDX Energy, the North Africa focused oil and gas company, has announced that a gas discovery has been made at its KSR-16 development well on the Sebou permit in Morocco.
11 Dec 17
Uruguay: Schuepbach Energy's Cerro de Chaga-1 well temporarily suspended
JV partner Petrel Energy has announced that Schuepbach Energy Uruguay has temporarily suspended operations at the Cerro de Chaga-1 well to review operations and strategy, following continued hole stability issues associated with an unexpected fault.
11 Dec 17
Australia: AWE receives acquisition proposal from Mineral Resources
AWE has received a proposal from Mineral Resources Ltd for a scrip acquisition at $0.80 per share, to be effected via a scheme of arrangement. AWE has said it will evaluate the MRL proposal and the proposed takeover offer from CERCG Australia and provide shareholders with a recommendation in due course.
10 Dec 17
Australia: Senex receives approvals to develop the Western Surat Gas Project
Senex Energy has received Environmental Authority from the Queensland Government to develop the Western Surat Gas Project.
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