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ExxonMobil Acquires Exploration Acreage in Mauritania

ExxonMobil Acquires Exploration Acreage in Mauritania

December 4, 2017 No Comments

ExxonMobil announced that its wholly owned affiliate, ExxonMobil Exploration and Production Mauritania Deepwater Ltd., has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks. “These blocks further enhance ExxonMobil’s leading global deepwater acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We thank the government of Mauritania for the […]

Statoil awarded exploration license onshore Argentina

Statoil awarded exploration license onshore Argentina

November 30, 2017 No Comments

As part of the Argentina’s Gas y Petróleo del Neuquén’s (GyP) 5th bidding round, Statoil has been awarded the Bajo del Toro Este exploration license as operator in the Neuquén basin. Statoil will operate the license with a 90 % working interest, with Gas y Petróleo del Neuquén (GyP) retaining a 10 % interest. “With […]

Sasol’s Strategy to Drive Value-Based Growth

Sasol’s Strategy to Drive Value-Based Growth

November 23, 2017 No Comments

Sasol today unveiled its refined corporate strategy, which sets a clear path for sustainable growth and accelerated shareholder returns. Joint President and Chief Executive Officer (CEO), Stephen Cornell says: “In developing our strategy, we considered both the opportunities and risks we face, informed by developments in the external environment. It is clear that megatrends influential […]

Papua New Guinea Petroleum Prospecting Licence 560 Update

Papua New Guinea Petroleum Prospecting Licence 560 Update

November 22, 2017 No Comments

Rawson Oil and Gas Limited (ASX:RAW) provided positive result of it completing the reprocessing and initial interpretation of approximately 400 km of long offset 2D seismic data in PPL 560, located offshore PNG adjacent to the North West coast of PNG. The initial mapping and interpretation of the new data has been undertaken by an […]

SPG, India, Jaipur 2017 : 25 Years of Energizing Exploration

November 17, 2017 No Comments

SPG India geared up for organising its 12th Biennial International Conference & Exposition at JECC Jaipur from 17th -19th November 2017. A common platform was envisaged to resolve & establish the technical ideas and practical experiences for improved interactions & knowledge sharing among E&P industries and academia. Society of Petroleum Geophysicists (SPG) India was established […]

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Africa Oil and Eco (Atlantic) Oil and Gas Announce Strategic Partnership

Africa Oil and Eco (Atlantic) Oil and Gas Announce Strategic Partnership

November 17, 2017 No Comments

Africa Oil Corp. (TSX:AOI) (OMX:AOI) announced that it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. (TSXV:EOG or AIM:ECO) for exploration in West Africa and Guyana. Under the terms of an investment agreement (the “Investment Agreement”), AOC has agreed to acquire a 19.77% shareholding in ECO through the purchase, by […]

Africa Oil Week in Cape Town, South Africa

Africa Oil Week in Cape Town, South Africa

November 1, 2017 No Comments

The African oil industry met this week to discuss the potential, but also the challenges, that the industry faces as the continent moves towards the commercialisation of its huge gas and oil reserves. Six of Africa’s oil ministers from Cote d’Ivoire, Namibia, Nigeria, Ghana, Mali, South Africa attended, including US Secretary for Energy Rick Perry. […]

Shell expands pre-salt growth in deep-water Brazil

Shell expands pre-salt growth in deep-water Brazil

October 28, 2017 No Comments

Royal Dutch Shell plc (“Shell”) and its partners won today three, 35-year production sharing contracts for pre-salt blocks located in the Santos Basin, offshore Brazil. Shell will pay its share of the total signing bonuses, equating for all bids, of to approximately USD $100-million [R$ 332.5-million]. Today’s winning bids for Shell include a block adjacent […]

CNOOC Limited Announces Operational Statistics for Q3 2017

CNOOC Limited Announces Operational Statistics for Q3 2017

October 27, 2017 No Comments

CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced its key operational statistics for the third quarter of 2017. For the third quarter of the year, the Company achieved a total net production of 116.2 million barrels of oil equivalent (“BOE”), representing a decrease of 1.3% year over year (“YoY”). Production from offshore […]

Statoil ASA Release 2017 third quarter & first nine months results

Statoil ASA Release 2017 third quarter & first nine months results

October 26, 2017 No Comments

Statoil (OSE:STL, NYSE:STO) reports adjusted earnings of USD 2.3 billion and USD 0.8 billion after tax in the third quarter of 2017. IFRS net operating income was USD 1.1 billion and the IFRS net income was negative USD 0.5 billion. The third quarter was characterised by: • Solid earnings and underlying cash flow. Stable net […]

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