Exploration

Total captured the benefit of the recovery in oil prices since the start of the year, and adjusted net income rose to US$2.2 billion in the second quarter of 2016.

Anadarko Petroleum Corp. has announced its financial and operating results for 2Q16, including a net loss attributable to common stockholders of US$692 million.

Spectrum has announced the commencement of a 15 000 km multi-client 2D survey offshore Brazil in the Santos and Campos Basins.

Savannah Petroleum PLC (Savannah) has announced the signature by one of its subsidiaries of a call-off order (Call Off) under the previously signed framework contract for seismic acquisition services with BGP Niger SARL (BGP).

The Oil and Gas Authority (OGA) has launched the 29th Offshore Licensing Round with more than 1200 blocks on offer to support the OGA’s objective of maximising economic recovery (MER) from the UK Continental Shelf (UKCS).

OneSubsea has ordered the umbilical and accessories from Nexans to develop the Greater Enfield development off the coast of Exmouth, Western Australia.

Torchlight Energy Resources Inc. has announced that the Flying B Ranch #1 has been drilled to a total depth of 6470 ft.

The Norwegian Petroleum Directorate has granted Statoil Petroleum ASA a drilling permit for well 6407/7-9 S, cf. Section 8 of the Resource Management Regulations.

Zargon Oil & Gas Ltd has entered into a definitive agreement for the sale of all of its Southeast Saskatchewan assets.

Compared with a year earlier, the underlying second quarter result was impacted by lower oil and gas prices, and significantly lower refining margins.

The company has announced the successful drilling and testing of the Jacana 4 development well in the Jacana oilfield.

Schlumberger has announced its results for the second-quarter 2016.

LWP will receive an initial payment of US$900 000, with the remaining US$5.1 million invested in a sharing agreement to be received over the next 18 months.

The new acquisition programme is an outboard extension of Spectrum’s 2012 Santos Campos Phase 1 survey.

Falcon Oil & Gas Ltd. has announced the successful re-entry and casing of Amungee NW-1H horizontal well and the spudding of the Beetaloo W-1 vertical well in the Beetaloo Basin, Australia.