Exploration

Harbour Energy Ltd has announced it has agreed to lead the acquisition by Chrysaor Holdings Ltd of a well-diversified portfolio of oil and natural gas assets from Shell UK Ltd.

Chrysaor Holdings Limited, the UK oil and gas independent, is to acquire a package of assets in the UK North Sea from Shell UK Limited and its affiliates for a price of US$3.0 billion.

Chevron has reported earnings of US$415 million for Q4 2016, compared with a loss of US$588 million in Q4 2015.

TGS has begun field operations on the West Kermit 3D seismic survey in the Delaware Basin. This project will encompass a minimum of 150 square miles in Loving and Winkler Counties, TX.

Egdon Resources plc has announced that it has now completed the acquisition of an additional interest in PEDL201 in the Company’s East Midlands core area.

Lundin has received consent to carry out exploration drilling of well 16/1-27 on the Edvard Grieg field.

Pantheon confirms that the VOBM#2H sidetrack well, Polk County, onshore East Texas, has been drilled to a total measured depth of ~16 450 ft and will now be completed ahead of testing.

AzEire Ltd., the Ireland focused oil and gas exploration company has announced that it has been awarded an extension to its 100% working interest FEL 1/13 Licence in the Porcupine Basin.

With UK subsea exports valued at almost £5 billion, Subsea UK is encouraging British firms to set their sights on international expansion to sustain long term growth.

Hawkwood Energy, has announced that it has reached a definitive agreement for its wholly-owned subsidiary Hawkwood Energy East Texas, LLC to acquire producing and non-producing assets from subsidiaries of Halcon Resources for US$500 million.

Halcón Resources Corporation has announced that it has entered into a purchase and sale agreement with a private operator to acquire 20,748 net acres in the Southern Delaware Basin for US$705 million with a November 1, 2016 effective date.

Java Offshore Sdn Bhd has completed the acquisition of a majority stake in Asian Geos Sdn Bhd, a specialist Offshore Geotechnical and Geophysical service provider within the Asia Pacific market.

PGNiG has obtained interests in two more exploratory and production licenses in the Norwegian Sea as well its first production license in Pakistan.

The company has received a letter of award from TGS-NOPEC Geophysical Company ASA for acquiring 30 000 km2 of 3D multi-client data in Europe.

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