The Egyptian General Petroleum Corporation (EGPC) has launched a new bid round for exploration licenses in the Gulf of Suez. Fifteen blocks, five in the Gulf of Suez and 10 in the Western Desert sedimentary basins, will be available, with licenses to be agreedon a production sharing model…
A consortium led by Chevron has been awarded exploration licenses covering two blocks offshore north-east Greenland. Consortia led by Statoil and ENI were also awarded licenses, covering one block each, also off north-eastern Greendland…
Lime Petroleum PLC subsidiary Masirah Oil Limited has halted drilling in exploration well Masirah North North #1 (MNN #1) for safety reasons. MNN #1 was drilled to a depth of approximately 1000m before mud losses in two carbonate sections…
Syria's news agency SANA, announced that the Syrian Ministry of Petroleum and Mineral Resources signed the 'Amrit' contract with Russia's Soyuzneftegaz on 25 Dec 2013 for offshore oil drilling, development and production in Block no. 2 of Syria's territorial waters…
Petróleo Brasileiro S.A. (Petrobras) submitted a Declaration of Commerciality (DoC) for oil and gas accumulations in the Carioca area, located in the Santos basin pre-salt. The new field will now be known as “Lapa.” The DoC was submitted to the Brazilian National Agency of Petroleum…
At the end of Q3 2013, Maersk Oil reported it continues assessing the Itaipu and Wahoo appraisal wells, and lists the offshore Brazil projects as part of its long-term perspective. Up to the first quarter of 2013, Maersk Oil has drilled…
Plans for arctic exploration and development continue apace—but will there be resources available? Elaine Maslin reports. The size of the arctic offshore challenge is significant, both in scale and complexity, with relatively little activity carried out to date…
Houston’s Cobalt International Energy, Inc. reported that its Lontra #1 presalt discovery well in Block 20, offshore Angola, found more oil and gas than estimated. Drill stem test placed Lontra’s well production at a stabilized flow rate of 2…
CGG surveys GOM for Pemex CGG has been selected to carry out a large high-end seismic acquisition survey in the Gulf of Mexico on behalf of Pemex. The survey, in Mexican waters, is phase 5 in Pemex’s Centauro program, the largest ever…
Today, in Kiev, Eni signed a production sharing agreement (PSA) with the Ukrainian government, represented by the Minister of Energy Eduard Stavytsky, in the presence of the President of Ukraine Viktor Janukovič, for the exploration and development of an area located in Ukraine’s Black Sea…
Italy's Eni has signed a string of agreements with Russian operators and a research institution, building its ties with the country. The first is a memorandum of understanding (MOU) between Eni and Novatek, which sees the two firms agreeing…
PetroVietnam has signed new agreements with India's ONGC Videsh, and Russia's Rosneft. PetroVietnam's new memorandum of understanding with ONGC Videsh extends one previously signed in 2011. The MOU covers the joint exploration of hydrocarbons in Vietnam and India…
Denmark’s Energy Agency (DEA) is due to launch its seventh licensing round for oil and gas exploration and production licenses in the Danish North Sea before the end of 2013, according to International Law Office. Image: DONG Energy's Siri platform…
Russia needs to re-focus investment from easier conventional onshore projects to more difficult and expensive tight oil, LNG and Arctic developments to maintain production in the longer-term, according to industry analysts Wood Mackenzie…
Petroleum Geo-Services (PGS) says it has completed the first full-scale simultaneous acquisition of towed streamer EM and 2D GeoStreamer seismic. The program consisted about 3000 line km of seismic and towed streamer EM data, acquired over a four week period this summer…
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