Eni and Galp Energia’s subsidiary Petrogal finalized a farm in agreement for Eni to acquire operatorship and 70% stake in three permits off Portugal. Map of Galp Energia Portugal blocks. From Galp Energia…
New Zealand has awarded 15 new exploration permits, on- and offshore, through its 2014 Block Offer, containing some AU$110 million committed exploration spending, Energy and Resources Minister Simon Bridges announced today (9 December). Of the 15 permits offered…
At the PETEX 2014 conference in London on 18 November, Oil & Gas UK announced the kick-off of two projects aimed at stimulating exploration on the UK Continental Shelf (UKCS) and appealed for further industry participation in the 21st Century…
A bid to boost exploration rates in the UK North Sea has seen the launch of two new initiatives, including a move to re-assess the potential of the central North Sea. The first is an industry-wide review, led by the Department of Energy and Climate Change (DECC)…
Brightoil Petroleum Ltd. is preparing to submit a formal bid to acquire all the issued shares of Newfield Global Inc., which holds 12% interest in Bohai Bay Block 05/36 and 49% interest in Pearl River Block 16/05, offshore China. According to Newfield…
Roc Oil failed to find commercial hydrocarbons at the QK11-1-1 well in Bohai Bay, offshore China, reported joint venture partner AWE Ltd. The well was drilled to a total depth of 4377m measured depth and 3863 true vertical depth on 7…
Australian company AWE Ltd. and ROC Oil Company signed a farm-in agreement for AWE to acquire 40% working interest in Block 09/05, Bohai basin, offshore China. Map of Block 09/05. Image from ROC Under the terms of the farm-in agreement…
The BP MS 150 is a two-day fundraising cycling ride organized by the National Multiple Sclerosis Society: Lone Star Chapter. This ride is the largest event of its kind in North America, and the top fund- raiser for the society, but it’s one of more than 100 Bike MS rides staged around the US…
Norway's Aqualis ASA has won several new construction supervision, transportation & installation and marine warranty contracts in Asia. The total contract value is approximately US$11 million. Aqualis Offshore in Singapore has been awarded…
Tullow Oil's Tapendar-1 exploration well in the C-10 license, offshore Mauritania, has not encountered hydrocarbons and the well is being plugged and abandoned. Tapendar-1 is the second exploration well in Tullow’s Mauritania exploration campaign…
Shell announced a deepwater natural gas discovery off Malaysia. The successful Rosmari-1 well is 135km off the coast of Sarawak, in the South China Sea (Block SK-318). It was drilled to a total depth of 2123m and encountered a gas column of more than 450m…
AWE Limited announced that it has been awarded a new exploration permit offshore Western Australia, WA-497-P (formerly release area W13-18), as part of the Australia 2013 Offshore Petroleum Exploration Acreage Release. The permit covers…
Norway's DNO International AS has completed a farm-in by its wholly-owned subsidiary DNO Tunisia AS to the Sfax Offshore Exploration Permit and the Ras El Besh Concession in the Republic of Tunisia. The agreement, with Eurogas International Inc…
Two countries – Malaysia and Indonesia– hold nearly two-thirds of the region’s reserves, and national oil companies outstrip international oil companies in regional capex. According to the Infield Systems Offshore Asia Oil & Gas Market Report to 2017…
Newfield Exploration Co., based in The Woodlands, Texas, today announced the signing of a share purchase agreement to sell all of its equity interests in Newfield Malaysia Holdings to SapuraKencana Petroleum Berhad for a total cash consideration of US$898 million…
