The AIM-quoted oil and gas exploration and appraisal company Baron Oil said Monday that its Chuditch Production Sharing Contract, offshore Timor-Leste could hold much more gas than previously estimated.According to the company, per the preliminary interpretation of the reprocessed Chuditch 3D seismic data, best case aggregate gross Gas-In-Place estimate is now around 5,500 BCF versus an equivalent estimate of 3…
Africa-focused oil and gas company Chariot it has signed a pipeline tie-in agreement that takes it a step forward in unlocking its Anchois gas project offshore Morocco. The agreement was signed with the Office National des Hydrocarbures et des…
Oil companies in Norway must increase their exploration activity in remote regions like the Arctic Barents Sea for the country to find the remaining reserves of oil and gas beneath its oceans, the Norwegian Petroleum Directorate said on Thursday…
Africa-focused oil and gas company Chariot on Wednesday announced a 'material increase' in gas resource estimates for its assets offshore Morocco, as it works to reach a final investment decision for the Anchois gas field development.The company…
Australian oil and gas company Carnarvon Energy said the recent Pavo-1 oil discovery it made with operator Santos offshore W. Australia was a 'stellar exploration success.'The company has completed its Pavo resource assessment and said that…
Shell has decided to withdraw from the North Sea licenses containing the Resolution and Endeavour gas discoveries, Egdon, its partner in the licenses, said Tuesday.'Egdon Resources advises that Shell U.K. Limited has informed Egdon and the North…
California's grid operator said on Friday it had approved a 10-year plan on March 17 aimed at boosting grid resiliency in the U.S. state and meeting clean energy targets.The California Independent System Operator (CAISO) outlined 23 projects in its 2021-2022 10-Year Transmission Plan…
Offshore surveyor Fugro has signed a strategic framework agreement with dCarbonX, a geo-energy resource company, which is working on 'decarbonization exploration projects' supporting the development of offshore geo-energy resources in the UK and Ireland…
The Government of Canada has this week approved three offshore drilling projects in the Atlantic Ocean, planned by BHP, Equinor, and Chevron, respectively.'The projects will allow the proponents to determine the presence, nature, and quantities…
Abu Dhabi's national oil company ADNOC said Thursday it had awarded a contract worth up to $519 million to Chinese seismic contractor BGP to further expand the scope of what it says is the world’s largest combined 3D onshore and offshore seismic survey…
A new study by Westwood Global Energy Group shows that 11 billion barrels of oil and 36 billion barrels of oil equivalent (boe) gas in 119 discoveries >100 million boe in size made between 2008 and 2016 is currently stalled with no progression towards development…
The recent downgrade of Hurricane Energy's Lancaster field recoverable reserves estimates has led Norwegian energy intelligence Rystad Energy to revise its expectations for the UKCS overall and say that the basin might never again hit output…
Chariot Oil & Gas has informed that its Lixus offshore license in Morocco which contains the undeveloped Anchois gas discovery, could hold more gas than previously thought.Chariot said Monday it had completed the reprocessing of 3D seismic data across the license…
Shell has completed its farm-in into Egdon Resources' North Sea licenses containing the Resolution and Endeavour gas discoveries, Egdon said Tuesday.Following the initial farm-in agreement struck in January, the UK Oil and Gas Authority has…
UK-focused Oil and gas company Ithaca Energy has appointed former Repsol Sinopec CEO Bill Dunnet as its new CEO. Dunnet will take over the CEO role from his predecessor Les Thomas.Dunnett is a Chartered Engineer with over 35 years experience in the oil and gas industry…
