UK-based explorer Cairn Energy has increased its resource estimate on the major SNE discovery offshore Senegal by 20%, with potential for it to increase further, following successful appraisal work. The deepwater field, sitting in about 1100m water depth…
HitecVision merged three oil companies into Point Resources, a robust mid-sized independent oil company focused on the Norwegian Continental Shelf (NCS). The new company will engage in both exploration, development and production on the NCS…
Rockhopper Exploration has agreed a deal to take over fellow Falklands explorer Falkland Oil and Gas (FOGL). The move will make the combined company the largest North Falkland Islands license and discovered resource holder with a material working interest in all key licenses in the area…
Erin Energy Corp. announced that the resource volume assessment of the three previously discovered fields (Tano North, Tano West, and Tano South) has been completed in the Expanded Shallow Water Tano (ESWT) Block, located offshore Ghana. The ESWT block is operated by its subsidiary company…
The US and five Gulf states have reached a US$20.8 billion civil claims settlement with BP from the 2010 Deepwater Horizon disaster, according to the US Department of Justice (DOJ). Transocean's Deepwater Horizon before the explosion…
Resource assessments of the 2015 license round area for offshore Newfoundland and Labrador shows the potential to hold 12 billion bbl and 113 Tcf of gas in place, according to the Government of Newfoundland and Labrador, Nalcor Energy and Beicip-Franlab…
Karoon Gas Australia is revising its previous estimates of the Kangaroo field in the Santos basin offshore Brazil that decreases its 2C resources by nearly 39%. The Australian company is also estimating its Echidna’s light oil gross contingent 2C resource volume to be of 75 MMbbl…
PA Resources has submitted an updated plan of development for the Zarat field to Tunisian authorities. The updated plan, developed by PA and partner, state oil company, L’Entreprise Tunisienne d’Activités Pétrolières (ETAP) will see a two phase development…
The Bureau of Ocean Energy Management (BOEM) and the Association of American State Geologists (AASG signed an agreement to foster interaction, cooperation and coordination on marine minerals and oil and gas resources on the outer continental shelf (OCS)…
Sterling Resources transferred its 40% interest in Block 27 Muridava in the Romanian Black Sea, held by its wholly-owned subsidiary Midia Resources SRL, to Petroceltic's Romanian subsidiary. Approval of the transaction has been received…
A review of resources on the Norwegian Continental Shelf shows that the current recoverable volume of oil in fields and discoveries exceeds the estimated figure in 2005. Further, it presume that more oil remains to be discovered, according…
Independent Oil and Gas (IOG) announced that further to the award of Block 48/22c in the UK 28th offshore licensing round, the license area has been increased by 42sq km to the South and now contains the Hambleton discovery, in the North Sea…
UK-based North Sea explorer Independent Oil and Gas (IOG) has added the Hambleton discovery to its assets after its license covering block 48/22c was extended by 42sq km. IOG was awarded the block, which also contains the Elgood discovery…
Faroe Exploration is planning four exploration wells offshore Norway in 2015 - Shango, Pil, Blister and Kvalross. Shango, operated by Total (Faroe 20%), is in the Norwegian North Sea on the northern part of the prolific Utsira High. The…
Tulip Oil will pick up partner PA Resources’ 30% equity in blocks Q7/Q10a off The Netherlands. Under the agreement, Tulip Oil will pay a consideration of almost US$1.6 million upon completion of the transaction; further payment is contingent on certain asset milestones being met…
