Exploration

San Leon Energy has been awarded the Praszka exploration concession in the Southern Permian/SW Carboniferous Basin by the Polish Ministry of Environment.

Apache Corp. has announced that it has found previously untapped reserves via an extension well, which is showing the highest production rates of any well drilled in the Beryl field since 2001.

Eni has announced that it has made a giant natural gas discovery offshore Mozambique.

The return of Vladimir Putin to the Kremlin has been heralded as something of a retrograde step in the development and liberalisation of Russia’s economy.

Coatings contractor Socotherm sees its participation in the offshore oil and gas industry expand after Valle Silencioso SA increases its stake.

Royal Dutch Shell and Chevron Corp. have won the right to develop the Ukrainian shale gas fields, Yuzivska and Olesska.

Concho has announced that it has agreed to a deal to purchase US$ 1 billion worth of Permian assets from Three Rivers Operating Company.

The Spanish company Repsol has posted a higher than expected Q1 income despite suffering losses as a result of the Argentinian government’s decision to nationalise YPF.

Shell has reported that it has uncovered two further onshore oil pipeline leaks in Nigeria’s Delta, soon after the company declared force majeure on crude exports due to theft-related outages.

Norwegian player Statoil and Russian giant Rosneft sign an Arctic exploration and development deal that could see up to US$ 100 billion of investment.

British firm Tullow Oil has announced the discovery of more oil at one of its Kenyan wells in the north of the country.

A New South Wales legislative committee has rejected calls for a moratorium on coal seam gas exploration.

Iraq’s Deputy Prime Minister, Hussain Shahristani, has addressed outside pressure to resolve the ongoing dispute between Baghdad and Kurdistan over a block on oil deliveries, by stating that it was an “internal matter.”

Shell has announced that it has agreed to buy Cove Energy for US$ 1.8 billion in order to access a portion of Eastern Africa’s vast gas reserves. Despite the bid, hopes of a bidding war remain.

The exploration company, Borders & Southern has announced a “significant” gas condensate discovery off the Southern coast of the Falklands.