Exploration

Drilling has reached targeted depth on the Wintershall operated Kvalross exploration well in the Barents Sea.

Transerv Energy has stated that Warro-6 onshore well in Western Australia is flowing gas naturally while Warro-5 continues to clean up with the aid of a jet pump.

Oil and gas UK's Activity Survey shows that while North Sea costs have dropped to 40% and activity outlook signals urgent need for tax reform.

The three offshore fields are expected to produce up to 25 million cubic metres of gas per day.

Upstream Exploration LLC has announced that it has acquired substantially all of the assets of Century Exploration LLC and Century Exploration Houston LLC.

Orca Exploration has announced the completion of the offshore workover and drilling programme phase of its Songo Songo Main Field development programme.

Under the contract Fugro will provide offshore deepwater survey and positioning services to installation vessels.

The P.1078 licence, containing the Bentley field is to be extended until 30 June 2017.

The financial highlights show an adjusted net loss of US$869 million, or US$1.28 per diluted share.

Atlas Knowledge Group has reported robust financial results for 2014/15, with continued growth and further international expansion set to continue.

Kosmos Energy has been informed by Tullow Oil plc, operator of the Jubilee Unit, of a change to operating procedures on the Jubilee field Floating Production Storage and Offloading vessel.

"We are extremely pleased with the results from this vertical exploration well at Curamhuele and oil discovery in the Lower Agrio shale,” said Kevin Shaw, President and CEO of Madalena Energy.

ERHC Energy Inc. has issued the following update on exploration progress in Kenya Block 11A.

Statoil has agreed with OMV to acquire a 30% working interest in Petroleum Exploration Permit (PEP) 57073. This will further strengthen Statoil’s position in New Zealand.

The ship is to be built for China state-owned Shanghai Salvage Bureau (SSB), one of the largest professional salvage companies in China.