Exploration

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.

Otto Energy has received the independent resources report on the Bivouac Peak opportunity onshore Louisiana from operator, Byron Energy Limited.

Contango Oil & Gas Company is purchasing approximately 12 100 gross undeveloped acres for up to US$25 million in the Southern Delaware Basin of Texas.

The Olympus Project will provide a regional viewpoint along one of the most prolific trends on the NW Shelf.

UK Oil & Gas Investments PLC has announced that it has acquired the entire 3.9% interest of Flowermay Limited (Flowermay) in onshore Weald Basin licences.

Petronas has awarded a Production Sharing Contract (PSC) to PTTEP HK Offshore Limited, KUFPEC Malaysia Limited (KUFPEC), and Petronas Carigali Sdn Bhd for the exploration Block SK410B.

CEO comments: “With the gradual recovery of the oil price from its lows in early Q1, we are starting to see early signs of a stabilissing market and improving sentiment.”

The numbers of women in STEM careers are significantly lower across the globe, and expanding the talent pool is critical to the energy sector.