Faroe Petroleum has announced that it has been awarded four new prospective exploration licences, including two operatorships, under the 2016 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf.
Cairn intends to announce its preliminary results for the year to 31 December 2016 on Wednesday 8 March 2017. In advance of these results, Cairn is providing information on recent operations and guidance in respect of the Group’s trading performance in 2016.
Tullow Oil has announced that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 m with 25 m of net oil pay at a depth of 700 m. The overall oil column for the field is considered to be 100 to 125 m.
One year after the licence award Statoil has made an oil and gas discovery close to Norne estimated at between 20 and 80 million bbls.
As President Obama leaves the Oval Office on Friday, he leaves a legacy of mixed fortunes for the energy industry.
The Willow discovery wells, Tinmiaq 2 and 6, were drilled in early 2016 and encountered 72 ft and 42 ft of net pay, respectively, in the Brookian Nanushuk formation.
Aker BP ASA increases reserves and maintains good results in exploration, drilling and wells, projects and production.
Hess Corporation announced positive results from the Payara-1 well offshore Guyana, which is the second oil discovery on the Stabroek Block following the world-class Liza oil discovery in 2015.
Oil and gas production on the Norwegian shelf is high. The adjustment process has been extensive, but the cost reductions implemented by the industry will lay the foundation for profitable activity for many years to come
Total to drill one of E&P industry’s most critical wells in 2017, as interest grows in region
Cub Energy Inc. has announced that its wholly-owned subsidiary, Tysagaz LLC, has been granted a new production licence with additional acreage in western Ukraine.
The approximately 33 000 km2 of acreage covered by the agreements includes the Tortue field.
The new production phase adds to the company's continually growing E&P portfolio.
CGG has announced that its equipment business, Sercel, has delivered four of its new-generation 508XT land acquisition systems to two seismic companies recently awarded survey work in India by ONGC and Oil India.
Sound Energy has received regulatory approval for acquisition of a 75% interest in Sidi Moktar licences onshore Morocco.