Exploration

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.

Wärtsilä has announced that it has entered into a cooperation agreement with US based Greensmith Energy.

Devon Energy Corp. has brought online another successful spacing pilot and an oil well in the over-pressured oil window of the STACK play.

The 3D seismic programme will comprise two sub-areas proximate to the Wassana oilfield.

Pakistan Petroleum Ltd has announced a gas discovery at its exploration well Hadi X-1A located in District Sanghar, Sindh.

Strainstall, part of James Fisher and Sons plc, has received a major contract with the Japanese Penta Ocean-Toa joint venture.

The takeover bid made by the PALFINGER Group for the Norwegian ship equipment supplier TTS Group ASA has been approved.