Upstream drilling news

Gas discovery at initial target depth, drilling continues to lower horizon.

Total’s Moho Nord project is a deepwater exploration and production development, located 46 miles off the city of Pointe-Noire in the Republic of the Congo.

Mahalo JV unanimously approves 2017 joint venture exploration work programme and budget.

Po Valley Energy has announced that its 65% owned AIM-listed subsidiary, Saffron Energy has received the final approval from the Italian Ministry of Economic Development (UNMIG) for gas production at the Bezzecca gas field.

Chief Executive Officer, Tony O'reilly, comments on the company's progress in 2016 and drilling plans for 2017.

Black Sea Oil & Gas SRL has announced the awarding of a contract for the drilling of two offshore exploration wells located in the XV Midia Shallow Block, Romanian Black Sea continental shelf, to GSP Offshore SRL.

Aker BP ASA is the operator of production licence 442 in the North Sea. Aker BP has made a discovery in a prospect named Frigg Gamma Delta, around 20 km east of the Frigg field.

Savannah Petroleum PLC has provided an update on its upcoming drilling campaign in Niger.

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the Edvard Grieg Southwest appraisal well 16/1-27.

Oil prices are unlikely to rebound significantly from current levels, with a glut of supply and increasingly advanced methods of extraction set to keep the commodity’s price lower for longer, according to Stephen Jones, CIO at Kames Capital.