Exploration

Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay.

BP has committed to to extending the licence for Oman Block 61 and to develop second phase of major Khazzan gas field.

Yuma Energy Inc. and Davis Petroleum Acquisition Corp. have jointly announced that they have entered into a definitive merger agreement for an all-stock transaction.

The FEED study is to investigate subsea tie-back of Trestakk to Åsgard A FPSO.

Europa has been awarded a new licensing option in the southern Porcupine Basin, offshore Ireland as part of the 2015 Atlantic Ireland round.

Pacific Exploration & Production Corp. has announced it is actively working with its creditors pursuant ensure the long-term viability of its business.

Partnership will deliver fracture geomechanics software solutions addressing completion efficiency and well space optimisation.

This marks the second discovery on the Rakhine Basin since the beginning of 2016.

Buru Energy Ltd has released an update on drilling operations at the Ungani Far West 1 well in the Canning Basin, Western Australia.

According to the 2016 BP Energy Outlook, global demand for energy is expected to increase by 34% between 2014 and 2035.

American Gilsonite Company Inc. has announced the appointment of David G. Gallagher as President and CEO, effective immediately.

Sparrows Group has announced it has expanded into Trinidad and Tobago, following an agreement to work in cooperation with Miguel Mechanical Services Ltd.

Aker Solutions will deliver a concept study on a new processing platform for future phases of the Statoil-operated Johan Sverdrup North Sea field.

Kosmos Energy discovered 450 billion m3 of gas at its Guembeul-1 exploration well, straddling the border between Senegal and Mauritania.

Essar Oil Ltd., India’s second largest private refiner, has reported results for the third quarter ended 31 December 2015.