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06 Dec 17
Mozambique: Eni achieves financial close for Coral South FLNG
Eni, together with its Area 4 Partners, has announced that the Coral South FLNG multi-sourced project financing achieved financial close, for a total amount of US$ 4,675,500,000. Coral South FLNG is the first project sanctioned by the Area 4 Partners for the development of the considerable gas resources discovered in the Rovuma Basin offshore Mozambique.
06 Dec 17
Norway: Statoil receives consent to use the Askepott jack-up to perform well activities at Oseberg Vestflanken 2
Norway's Petroleum Safety Authority has given Statoil consent to use the Askepott mobile drilling facility to perform well activities at Oseberg Vestflanken 2.
06 Dec 17
UK: Hungary's MOL looking to exit UK North Sea - sources
Hungarian oil and gas group MOL is seeking to exit the UK North Sea four years after entering the basin as a drop in oil prices has put margins under pressure, banking sources said.
06 Dec 17
Russia: NOVATEK acquires South-Khadyryakhinskoye and Eurotek
NOVATEK has announced the acquisition of South-Khadyryakhinskoye and Eurotek from AR Oil & Gas, a joint venture of Neftegazholding and Repsol.
06 Dec 17
Congo (DRC): INPEX and partners agree to extension of concession Offshore D.R. Congo Block
INPEX and its partners Muanda International Oil Company (MIOC) and Chevron have reached an agreement with the government of the Democratic Republic of the Congo to extend the duration of the concession agreement for the Offshore D.R. Congo Block for a period of 20 years.
06 Dec 17
Italy: Prospex Oil and Gas reports positive log results at Podere Maiar-1 well, onshore Italy
AIM-listed Prospex Oil and Gas has been advised by the operator, Po Valley Energy that positive log results indicate the presence of a gas bearing reservoir at the Podere Maiar-1d appraisal/redevelopment well on the Podere Gallina Exploration Permit in the Po Valley region of Italy.
06 Dec 17
UK: UKOG completes acquisition of a further 10 percent interest in PEDL143
UK Oil & Gas Investments (UKOG) has announced the completion of the acquisition of a further 10% interest in UK onshore Weald Basin licence PEDL143, from Warwick Energy. PEDL143 is located to the immediate west of Horse Hill licence PEDL137.
06 Dec 17
US: Bill Barrett Corp announces strategic combination with Fifth Creek Energy
Bill Barrett Corp has agreed to a strategic business combination with Fifth Creek Energy Company, a portfolio company of NGP, in a transaction valued at approx. $649 million.
05 Dec 17
Petrobras signs US$5 billion financing agreement with China Development Bank
Petrobras has signed with China Development Bank (CDB) a financing agreement of US$5 billion with maturity in 2027. Petrobras has also signed a commercial agreement with Unipec Asia Company, establishing a preferential supply of 100,000 barrels of oil equivalent per day, based on market conditions, for a period of 10 years.
05 Dec 17
FairfieldNodal awarded Z700 project in North Sea
FairfieldNodal will begin a large Z700 acquisition project in the North Sea in June 2018.
05 Dec 17
Norway: VNG Norge issues LOI to North Atlantic for Fenja drilling
VNG Norge on behalf of the PL 586 partners has issued a Letter of Intent (LOI) to North Atlantic Norway for the drilling rig 'West Phoenix' for drilling of the development wells for the Fenja project in the Norwegian Sea.
05 Dec 17
Norway: Solid applicants want to explore in Norway's 24th round
The Norwegian Peroleum Directorate (NPD) reports that eleven companies have applied for production licenses in the 24th licensing round on the Norwegian shelf. A total of 102 blocks or parts of blocks were announced in this licensing round. Of these, nine are in the Norwegian Sea and 93 in the Barents Sea.
05 Dec 17
Azerbaijan: Petrofac and SOCAR form joint venture
Petrofac’s Training Services business and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed a Shareholders Agreement to form a Joint Venture for the pursuit of training opportunities across the country’s oil & gas and petrochemical industries.
05 Dec 17
Russia: NOVATEK commences Yamal LNG production
NOVATEK has announced that Yamal LNG has commenced producing liquefied natural gas (LNG) at the first LNG train, with the nameplate capacity of 5.5 million tons per annum.
05 Dec 17
Argentina: ION nearly quadruples 2D multi-client data offshore Argentina in advance of license round
ION Geophysical is offering a 2D multi-client data package offshore Argentina in advance of the 2018 license round. ION has delivered a regional framework consisting of approx. 30,000 km of data over the Austral and Malvinas basins' relatively under-explored petroleum region.
05 Dec 17
Sierra Leone: African Petroleum awarded Sierra Leone licence extensions
African Petroleum has signed agreements with the Petroleum Directorate Sierra Leone to enter into the Second Extension Periods of the SL-03 and SL-4A-10 licences offshore Sierra Leone and to modify the work programmes for both licences during these periods.
05 Dec 17
Philippines aims to issue permit for $2 bln LNG facility in 2018
The Philippines is aiming to next year award the permit to build and operate the country’s first facility for receiving and distributing liquefied natural gas, its energy secretary said on Tuesday.
05 Dec 17
Norway: Statoil submits plan for development and production and awards Johan Castberg contracts
Statoil has submitted the PDO (plan for development and operation) for the Johan Castberg project on behalf of the partnership with Eni and Petoro. Several major contracts will also be awarded to Norwegian industry.
05 Dec 17
Saudi Arabia: Magseis awarded contract extension for a new OBS Survey for BGP Arabia and Saudi Aramco in the Red Sea
Magseis has together with is partner, BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data in the Red Sea.
05 Dec 17
Norway: Aker Solutions wins Johan Castberg orders totaling approx. NOK 4 billion
Aker Solutions has been awarded key work to help Statoil develop the Johan Castberg field, the largest oil discovery in the Norwegian Barents Sea. The total value of the work is around NOK 4 billion.
05 Dec 17
Poland: San Leon Energy announces relinquishment of certain Polish assets
AIM-listed San Leon Energy has informed the Ministry of Environment in Poland of its intention to relinquish its interest in its remaining Baltic Basin shale gas concessions (Gdansk West & Szczawno), onshore Poland. The Company continues to focus on its core Nigerian asset.
05 Dec 17
Australia: CERCG withdraws indicative proposal to acquire 100 per cent of AWE
AWE has announced that it has received notice from China Energy Reserve and Chemical Group Australia (CERCG) that it had formally withdrawn its conditional, non-binding indicative proposal to acquire 100% of the shares in AWE.
04 Dec 17
GoM: Byron Energy spuds SM 71 development well - first production expected late January 2018
JV partner Otto Energy has announced that the Ensco 68 jack-up rig has spudded the Byron Energy-operated SM 71 F2 development well within the South Marsh Island 71 (SM 71) lease in the Gulf Of Mexico shelf. First production from the SM 71 F platform is expected in late January 2018.
04 Dec 17
Angola: Total paves the way for new projects in Angola
Total and Sonangol signed several agreements covering both upstream and downstream activities, including Zinia Phase 2 project development and the joint exploration of deepwater Block 48.
04 Dec 17
UK: Robert Gordon University launches world-first decommissioning simulator
Aberdeen’s Robert Gordon University (RGU) has launched a state-of-the-art decommissioning simulator to service the growing sector. The simulator and the associated software is a world-first and will be used to support decommissioning activities in the UK and other parts of the world.
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