Australian explorer AWE has agreed to sell its 42.5% interest in the Bulu production sharing contract, offshore east Java, to a 100% owned subsidiary of HyOil for up to A$27.5 million (US$20.6 million), subject to Indonesian government approval and future development…
Oil & Gas UK has announced a new organisational structure, following a thorough business review. The revised business model is designed to make sure the leading trade association is in the best shape possible to promote and serve its…
UK-based independent Premier Oil has completed its deal to by E.ON's UK North Sea assets. On 13 January 2016, Premier announced that it had agreed to acquire the whole of E.ON's UK North Sea assets for a net consideration of US$120 million…
The National Ocean Industries Association (NOIA) board of directors has elected Kevin McEvoy as chairman and Dave Welch as vice chairman for the upcoming 2016-2017 term. McEvoy and Welch assumed their positions at the NOIA Annual Meeting in Washington…
Quadrant Energy has encountered natural gas at its Davis-1 near-field exploration well, off the coast of Western Australia, according to joint venture partner Santos. Davis-1 is located some 12km from the existing John Brookes platform…
Brazil’s Petróleo Brasileiro (Petrobras) recorded a total of 2.55 MMboe/d of oil and natural gas production in March, of which 2.36 MMboe were produced in Brazil and 183,000 boe/d abroad. Image of the P-31 FPSO…
Independent Oil and Gas (IOG) is planning to submit a field development plan for the southern North Sea Blythe field and nearby discoveries. The move is likely to involve a small unmanned platform, with pre-installed risers for future tie-back opportunities…
Beach Energy and Cooper Energy have accepted an offer from the National Offshore Petroleum Titles Administrator (NOPTA) to convert the Basker, Manta and Gummy gas field permits VIC/L26, 27, and 28 (BMG joint venture) in the offshore Gippsland Basin into retention leases…
Repsol Sinopec Brazil has discovered hydrocarbon pay at the Gávea A1 well in the ultra deepwater pre-salt Campos basin, offshore Brazil. Map of Campos basin, from Statoil. Gávea A1…
Shell shows a video of its giant Prelude is taking shape deep beneath the sea, in the waters offshore Western Australia. With construction of the Prelude FLNG facility well underway in the shipyard in Geoje, Shell is now at the coast of Western Australia…
The Norwegian Petroleum Directorate’s (NPD) updated estimate for undiscovered resources shows that the total remaining resources on the Norwegian shelf can provide a basis for oil and gas production for decades to come. Image of the Johan Sverdrup…
Africa-focused oil and gas production and development company Aminex started first gas production from its Kiliwani North gas field, offshore Tanzania. Map of Kiliwani North and Songo Songo, from Aminex…
Zennor Petroleum’s subsidiary Zennor Pathway has spudded an appraisal well at its Finlaggan discovery in the Central North Sea. Well 21/5c-7, spudded on 5 April, is being drilled with Transocean Sedco 704 semisubmersible drilling rig…
As part of President Obama’s continued commitment to safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) director Abigail Ross Hopper has announced the bureau will offer approximately 23.5 million acres…
Maersk Oil may shut down production at Denmark’s largest gas field, should an economically viable solution for continued operations not be reached by this year. Platforms at Tyra East. Image from Maersk…
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