Exploration

OPEC has published its monthly oil market report for June.

McKinsey Energy Insights' report states that 37% of deep water and 30% of shallow water green field projects will be delayed until 2025.

NYK has reached an agreement with Ezra Holdings Ltd and Chiyoda Corp. to acquire a 25% share of EMAS Chiyoda Subsea Ltd.

Ajith Muralidharan, Vaangden Pte Ltd, Singapore, discusses the opportunities present in the oil and gas buyers’ market.

The company has provided an update on its activities at its South Disouq asset located onshore Nile Delta Egypt.

The award of this project extends the Polarcus North West Europe campaign.

The acquisition follows the company’s identification of two highly prospective Jurassic fault blocks and one Cretaceous submarine fan system in the FEL 1/13 Licence.

The 2016 edition of BNEF's long-term forecast expects US$11.4 trillion investment in global power generation capacity over 25 yrs, with electric vehicles boosting electricity demand by 8% in 2040.

The company has used production revenues to buy a stake in PEDL182 incorporating the Broughton North Prospect.

Beach Energy Ltd has reported the appointment of Mr Morné Engelbrecht as its Chief Financial Officer.

The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-3 AR, cf. Section 8 of the Resource Management Regulations.

The cash injection in to the company’s drilling programme in Colorado will allow the field to be explored more extensively.

This summer, the NPD will continue to acquire geological samples and deep-sea minerals in the Norwegian Sea.

The platform deck for the Ivar Aasen project is now on its way to Norway after sailaway from the yard area in Singapore.

Independent Oil and Gas plc has announced that the appraisal well on the Skipper oil discovery which lies in Block 9/21a in licence P1609 in the Northern North Sea, is scheduled to be drilled in July 2016.