Norway's Ministry of Petroleum has welcomed interest in its latest Awards in Pre-defined Areas licensing round, despite the expection that future discoveries in the area will be smaller than in the past. Stakes in some 54 new production…
The Minister of the Environment and Housing announced that a new Petroleum Act and a suite of regulations to guide and govern oil exploration in The Bahamas has been completed and is now to be placed before the House. Map from Bahamas Petroleum…
Australia's Tangiers Petroleum says it intends to exit the Tarfaya Block off Morocco after the Tao-1 well showed dry and exceeded budget. The Tarfaya block is the company's only holding in Africa. The company is now faced with either…
Nearly 50 companies have made applications for licenses in the Norwegian government's lates licensing round. The deadline for applications ended September 2. Norway's Ministry of Energy and Petroleum said applications had been received…
Lime Petroleum Norway, a jointly-controlled entity of Malaysia-based Hibiscus Petroleum Berhad and Singapore-based Rex International, surrendered three licenses in the North Sea, following the deadline for a drill or drop decision by 23 July 2014…
Minexco Petroleum Inc., the African focused private Oil and Gas Exploration Company, provided details of the petroleum agreement between its subsidiary AGM Petroleum and the Ghana National Petroleum Corporation (GNPC), for their joint project in the South Deepwater Tano Basin…
Brunei Shell Petroleum awarded Maersk Drilling a four-year contract for the jackup rig Maersk Completer for operations offshore Brunei. The contract will commence in December 201, in direct continuation of its current contract with Brunei Shell Petroleum…
Statoil ended a joint license agreement with Bahamas Petroleum. Bahamas Petroleum says Statoil is dropping its involvement in the agreement following its exploration successes elsewhere and a subsequent review of its global portfolio…
CGG has been selected to carry out a large high-end seismic acquisition survey in the Gulf of Mexico on behalf of Pemex. The survey, in Mexican waters, is phase 5 in Pemex’s Centauro program, the largest ever proprietary 3D wide-azimuth program to be conducted worldwide…
Technip has won a contract from Qatar Petroleum for the engineering, procurement, installation and commissioning of a bridge linked living quarters platform and a utility platform. The project location is within Qatar Petroleum offshore facilities…
Norway’s offshore region covers 2.04 million sq km and is split into five areas: the northern, southern and central parts of the North Sea, the Norwegian Sea and the Barents Sea. Over the five regions, there have been 1400 exploration wells drilled since 1966…
Lundin Petroleum AB (Lundin Petroleum) began drilling of exploration well 16/4-7 in PL544. The well will target the Biotitt prospect, which is located some 35 km south of the Edvard Grieg Field and 46 km southwest of the Johan Sverdrup Field…
Anne Næss Myhrvold has taken over today as the director general of the Petroleum Safety Authority Norway (PSA). Born in 1996, she has worked for BP Norge since 2002 and has been a member of this company’s top management as head of health…
Faroe Petroleum has won acreage in the Dreiki area on the Icelandic Continental Shelf. Faroe will operate seven license blocks south of the Jan Mayen Ridge inside the Arctic Circle northeast of Iceland. Faroe will hold 67.5% interest in blocks IS6708/8…
A subsidiary of Seadrill has entered into an agreement with Songa Offshore to acquire the ultra-deepwater semi-submersible rig Songa Eclipse for a consideration of US$590 million.The rig was delivered from the Jurong Shipyard in Singapore in 2011…