Horizon Oil is pleased to advise that it has increased to about 28% its interest in the total certified resources contained in Papua New Guinea’s Western Foreland fields of 2.0 - 2.5 tcf gas and 60 - 70 million bbls of condensate.
Scope of contract includes longest subsea multiphase boosting tieback in the UK North Sea.
Pan Petroleum Gabon B.V., one of Panoro Energy ASA’s subsidiaries, has approved the operator’s proposed work programme and budget to move forward with the development of the Dussafu oilfields.
Subject to regulatory approval, JDR Cable Systems is set to be acquired by TELE-FONIKA Kable.
Nature Group, the oil, gas and maritime waste collection and treatment company, has secured a five-year contract with Maersk Oil in the Central North Sea.
Providence Resources has provided an update on Licencing Option 16/27 in the Porcupine Basin, offshore Ireland.
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7220/11-4 A, cf. Section 8 of the Resource Management Regulations.
The discovery was made in the Blåmann well, between the Snøhvit and Goliat fields in the Barents Sea. Recoverable volumes are estimated at 2 - 3 billion standard m3, approximately 10 - 20 million boe.
Westwood Global Energy Group, the energy market research consultancy, has released new statistics for exploration in the Asia-Pacific region which show that green shoots of recovery are starting to appear.
Exxon Mobil Corporation has signed a production-sharing contract for Block 59 in Suriname with Staatsolie Maatschappij Suriname N.V.
Aker BP has received consent to drill two exploration wells in the North Sea.
Statoil has signed agreements to enter two additional offshore exploration licenses in Suriname. The agreements cover two blocks in the Guyana basin
The Barryroe Partners have been granted a two year extension to the term of the first phase of SEL 1/11 to July 2019 and overall term to July 2021.
Lundin Petroleum has announced the successful completion of the drilling and production testing of Alta appraisal well 7220/11-4.
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has announced a multimillion pound contract with a global energy player, Maersk Oil UK, to provide both late life production enhancement and decommissioning support in the North Sea.