Statoil ASA, along with partners Eni Norge and Petoro, made a gas discovery at the Iskrystall prospect on PL608 off Norway in the Barents Sea. The well is approximately 30km southwest of 7220/8-1 Johan Castberg and about 240km north of Hammerfest…
Ithaca Energy has agreed string of farm-out deals on a number of UK North Sea assets. Newly formed private-equity backed Oyster Petroleum is to take a 9% working interest in west of Shetland licences containing the Handcross prospect…
First production on the southern North Sea RWE Dea UK-operated Breagh gas field has been set back, again. Sterling Resources, a partner on the project, said production start-up will now be delayed until mid-October, according to RWE…
Noreco has said an end could be in sight to some of its production problems across UK, Norwegian and Danish North Sea sector assets. The firm’s Huntington and Oselvar fields were both shut-in during parts of August. At the E.ON E&P-operated UK North Sea Huntington field…
Serica Energy has said a drilling campaign will start offshore Morocco in October. Drilling will be carried out on the Foum Draa and Sidi Moussa blocks in October, and H1 2014 respectively. The well on the Foum Draa block (operated by Cairn Energy…
A newly formed UK-focused exploration company has secured US$150 million of funding from Norwegian private equity outfit HitecVision. Oyster Petroleum's management team comprises of Richard Morgan as CEO, along with former colleagues Nigel Platt and David Went…
Australian operator Sunbird Energy Ltd. has awarded a contract to Wood Group Kenny (WGK) Australia to provide engineering and project management services for the Ibhubesi gas project, off the west coast of South Africa. The…
Oil & Gas UK, the representative organisation for the oil and gas industry, today announces new appointments to its board. The appointments are: Eric D’Argentre, UK General Manager, Perenco UK Luke Farajallah, Managing Director…
Drilling on the South West Tamar prospect, offshore Israel, is due to start in the next two weeks, partners on the project have said. Delek Group, a partner on the Noble Energy-operated project, said the exploration well at South West (SW) Tamar prospect…
Venezuela and Trinidad and Tobago announced Wednesday that the former’s state-held oil company Petróleos de Venezuela, S.A. (PDVSA) will develop an offshore natural gas field in partnership with Chevron. This agreement marks the end of a…
Noble Energy Inc. has hit 50ft of net natural gas pay in a high-quality Miocene reservoir at its Troubadour prospect in the deepwater Gulf of Mexico. The well was drilled to a total depth of 19,510ft by the ultradeepwater semisubmersible ENSCO 8501…
Australian exploration firm WHL Energy is to apply for an amendment to its petroleum agreement with Seychelles petroleum industry regulator PetroSeychelles, leading to renewed farm-out talks. The proposed amendment is an extension to agreed work program commitments…
Lundin Petroleum has made an oil discovery on the Ghohta prospect in exploration licence PL492 in the Barents Sea. The well, 7120/1-3, 35km north west of the Snøhvit field, found a 75m oil column beneath a 25m gas/condensate cap in dolomitized and karstified carbonate in a Permian target…
BP has announced a deepwater gas discovery in the East Nile Delta offshore Egypt. Wireline logs, fluid samples and pressure data confirmed the presence of gas and condensate in 38m net of Oligocene sands. The company says the well…
Lakach is PEMEX’s first deepwater project, with gas production due to start in 2016. It will meet dual strategic goals of expanding PEMEX expertise in DW development, and meet internal demand for natural gas. “Lakach is a very good exercise for us…