Exploration

FAR Ltd has raised US$ 46.7 million to support the FAN-1 well drilling programme offshore Senegal.

Vaalco Energy, Inc. has announced the commencement of a new six well drilling campaign offshore Gabon on its Etame Marin block.

According to new analysis from Energydesk, it is renewables and not fracking that is responsible for falling US carbon emissions.

Anniversaries marked as Rosneft celebrates its involvement in the Okhotsk oil and gas province.

Pacific Rubiales has entered into a three year Memorandum of Understanding and Cooperation with Pemex.

Five stand-out stories from this week’s upstream oil and gas news.

Eran Chvika, Norton Rose Fulbright LLP, Paris, explains the importance of reserve based lending for funding oil and gas projects.

Marathon Oil has closed the transaction with Det norske for the sale of its Norwegian business for US$ 2.7 billion.

Projects in Saudi Arabia have the most recoverable reserves among the world’s top upstream developments, according to GlobalData.

Petronas’ exploration and production subsidiary has ordered Kongsberg’s SiteCom® real-time drilling operations software.

Genesis was presented with Bronze Corporate Partnership by IChemE’s Director of Policy, Andy Furlong, on 15 October 2014.

Achieved Q3 production of 25 175 bpd; commencing seismic on New Magdalena Basin blocks.

Early assessment of Seychelles 3D seismic identifies key horizons and faulting and further interpretation now underway on 3D seismic fast track volume.

Scottish Development International leads party of eight oil and gas companies to Luanda to explore opportunities for growth.

BHP Billiton has confirmed that it will pursue a Standard listing on the UK Listing Authority’s Official List and admission to trading on the London Stock Exchange for the new company it plans to create via demerger.