Farm-out of 10% interest on 2 for 1 promoted basis with farm-out option of further 10% on promoted basis. Dempsey-1 scheduled for drilling in April-May 2017, targeting 1 trillion ft3 conventional reservoir gas underneath a producing field.
As President Obama leaves the Oval Office on Friday, he leaves a legacy of mixed fortunes for the energy industry.
The Willow discovery wells, Tinmiaq 2 and 6, were drilled in early 2016 and encountered 72 ft and 42 ft of net pay, respectively, in the Brookian Nanushuk formation.
Aker BP ASA increases reserves and maintains good results in exploration, drilling and wells, projects and production.
Honeywell and Aereon have announced they will collaborate on solutions to help industrial customers boost the safety, efficiency and reliability of their operations by leveraging Honeywell’s Industrial Internet of Things (IIoT) ecosystem.
Hess Corporation announced positive results from the Payara-1 well offshore Guyana, which is the second oil discovery on the Stabroek Block following the world-class Liza oil discovery in 2015.
Anadarko Petroleum Corporation has announced that it has agreed to sell its Eagleford Shale assets in South Texas for US$2.3 billion to Sanchez Energy Corporation and Blackstone Group LP.
Fugro has been awarded a contract from INPEX for subsea services across the Ichthys facilities in the Timor Sea, located approximately 220 km from the coast of Western Australia.
Horizon Oil is pleased to advise that on 10 January 2017 production from the Beibu Gulf fields, offshore China, which came on stream in March 2013, reached a total of 13.9 million bbls of oil.
Oil and gas production on the Norwegian shelf is high. The adjustment process has been extensive, but the cost reductions implemented by the industry will lay the foundation for profitable activity for many years to come
The company has issued a statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2016.
Wood Group has secured a five year, framework agreement to provide engineering and project management services to Saudi Aramco’s onshore capital programmes.
Cooper Energy reports the acquisition of the Victorian gas assets of Santos Limited announced to the ASX on 24 October 2016 has been completed for all except the 10% interest in the Minerva asset.
Gran Tierra Energy Inc. has announced that management of Gran Tierra is evaluating a proposal relating to the company's assets in Peru.
Total to drill one of E&P industry’s most critical wells in 2017, as interest grows in region