Africa-focused Lekoil is to raise US$100 million funding through a placing with Mirabaud Securities LLP for drilling offshore Nigeria. The cash will be used to complete drilling and testing on the Ogo-1 well and Ogo-1 side track; the future development of the OML113 licence offshore Nigeria…
Two countries – Malaysia and Indonesia– hold nearly two-thirds of the region’s reserves, and national oil companies outstrip international oil companies in regional capex. According to the Infield Systems Offshore Asia Oil & Gas Market Report to 2017…
Newpark Drilling Fluids celebrated the opening of its Technology Center in Katy, Texas on Oct. 30, located close to corporate headquarters. The project has been under development for nine months. Newpark President Bruce Smith said he…
A framework agreement to supply drilling, wells and petroleum technology resources has been awarded to OPC by Statoil ASA. Starting in January 2014, the five year contract runs until 2018, and has options to extend until 2023. The…
Cairn Energy PLC entered into a farm-in agreement with Kosmos Energy and the Moroccan National Oil Company (ONHYM) for a 20% working interest (WI) in an exploration block offshore North West Africa that covers the Cap Boujdour Contract Area…
Eni successfully completed the Evans Shoal North-1 appraisal well in the Evans Shoal gas field in the Timor Sea, Australia. The field is located offshore in the NT/P48 exploration permit in the north Bonaparte Basin, approximately 300km northwest of Darwin…
Standard & Poors said that Transocean Ltd. (RIG) would replace computer maker Dell Inc. (DELL) in the S&P 500 index, effective 28 Oct 2013. The S&P 500 index one of the most commonly followed stock market (equity) indices and it is based…
Eni's Vietnam subisidiary, Eni Vietnam BV, has spud the Ca Ngu-1 exploration well off central Vietnam, partner KrisEnergy announced. The Ca Ngu-1 well, which is being drilled by the Songa Mercur semisubmersible rig, is located in the Gulf of Tonkin in Block 120…
The Wintershall-operated Asha East well offshore Norway has come up dry, partner Bridge Energy announced. The well will be plugged and abandoned due to no signs of movable hydrocarbons, Bridge said. The primary target in Asha East…
Repsol Exploration Norge AS, operator of production license (PL) 541, has completed drilling of wildcat well 4/4-1, located about 60km east of the Trym field in the southern part of the North Sea. The well is dry. The objective of the…
Lundin Petroleum, through its wholly-owned subsidiary Lundin Norway, posts the completion of wildcat well 6608/2-1S. The well was drilled in PL330 about 60km east-southeast of the Aasta Hansteen gas field in the Norwegian Sea. The exploration well 6608/2-1S…
The Norwegian Petroleum Directorate (NPD) released a report appraising five field developments on the Norwegian Continental Shelf with investments exceeding NOK 10 billion (approximately US$1.7 billion). The report examines five fields on the Norwegian Continental Shelf (NCS) – Skarv…
Lundin Petroleum AB (Lundin Petroleum), through its wholly owned subsidiary Lundin Norway AS (Lundin Norway), announced the completion of wildcat well 6608/2-1S. The well was drilled in PL330 about 60km east-southeast of the Aasta Hansteen gas field in the Norwegian Sea…
The Caspian Sea is a land-locked interior basin with established oil and gas production that has seen increasing activity since the bordering nations gained independence from the former USSR in the late 1990s. Five nations surround the sea: Russia…
For the second time since it produced first oil a month ago, a gas leak has sidelined Kashagan’s operations. The North Caspian Operating Company (NCOC) said that the leak was found on a pipeline running from the artificial D Island to the onshore Bolashak processing plant in Atyrau…
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