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FRONTIER EXPLORATION LICENCE 2/14 SOUTHERN PORCUPINE BASIN

FRONTIER EXPLORATION LICENCE 2/14 SOUTHERN PORCUPINE BASIN

July 19, 2018 No Comments

Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil and Gas Exploration Company, provides a Licence Update on Frontier Exploration Licence (“FEL”) 2/14. Providence confirmed that, having received approval from the Minister of State at the Department of Communications, Climate Action and Environment, the farm-out comprising the assignment of equity (35%) and transfer […]

Equinor offered licences in 24th licensing round

Equinor offered licences in 24th licensing round

June 18, 2018 No Comments

The Ministry of Petroleum and Energy has offered Equinor 7 licences in the 24th licensing round – 5 operatorships and 2 partner positions. “We have a clear ambition of maintaining profitable production at today’s level on the Norwegian continental shelf (NCS) until 2030 and beyond. It is therefore crucial that we are awarded new exploration […]

Hess Announces Quarterly Cash Dividend on Preferred Stock

Hess Announces Quarterly Cash Dividend on Preferred Stock

June 6, 2018 No Comments

The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on August 1, […]

Shell makes New deep-water, discovery in Gulf of Mexico

Shell makes New deep-water, discovery in Gulf of Mexico

May 24, 2018 No Comments

Shell announces a large, deep-water, exploration discovery in the U.S. Gulf of Mexico with its Dover well (100% Shell). The Dover discovery is Shell’s 6th in the Norphlet play and has encountered more than 800 net feet of pay (244 meters). The discovery is located approximately 13 miles from the Appomattox host and is considered […]

CGG  launch Robertson New Ventures Suite

CGG launch Robertson New Ventures Suite

May 22, 2018 No Comments

CGG GeoConsulting has launched the Robertson New Ventures Suite, an integrated and digitally transformed family of exploration-focused geoscience tools and databases that offer clients a competitive edge in global new ventures screening and frontier exploration. The six core products of the Robertson New Ventures Suite are Basins & Plays, Geochemistry, Plate Kinematics, Predictions, Provenance and […]

Eni awarded Exploration Block in the Kutei Basin Indonesia

Eni awarded Exploration Block in the Kutei Basin Indonesia

May 2, 2018 No Comments

Eni has been awarded 100% participating interest in the East Ganal deepwater exploration block in the Kutei Basin, in Indonesia. East Ganal is a new “gross split” PSC (Production Sharing Contract) covering an area of about 5,100 square kilometers and adjoins the Eni operated Muara Bakau and East Sepinggan PSCs, in the Makassar Strait offshore […]

Eni Announce first quarter 2018 results

Eni Announce first quarter 2018 results

April 30, 2018 No Comments

Eni’s Board of Directors approved the Group results for the first quarter of 2018 (unaudited). Commenting on the results, Highlights Exploration & Production Strong growth reported in hydrocarbon production: up by 4% q-o-q at 1.87 million boe/d, in line with the FY 2018 guidance. Net of price effects in PSAs, the growth rate was 4.4%; […]

Indian consortium wins licence to explore  for gas and oil, offshore Israel

Indian consortium wins licence to explore for gas and oil, offshore Israel

April 12, 2018 No Comments

A consortium of four leading Indian companies is awarded a three-year license with the option for an extension to explore for gas and oil in Israeli waters. The group includes India’s Oil and Natural Gas Corporation, the Bharat Petroleum Corporation, the Indian Oil Corporation and Oil India Limited. The Energy and Water Resources Ministry had […]

BP and Petrobras form strategic alliance

BP and Petrobras form strategic alliance

April 12, 2018 No Comments

BP today announced that it has signed a memorandum of understanding to explore areas of cooperation with Petróleo Brasileiro S.A. (Petrobras). Through this strategic alliance, Petrobras and BP have committed to exploring potential joint commercial agreements in areas of mutual interest in upstream, downstream, trading and across low carbon initiatives, inside and outside Brazil. The […]

Faroe announces significant gas/condensate discoveries

Faroe announces significant gas/condensate discoveries

April 4, 2018 No Comments

Faroe Petroleum announced significant discoveries in both the Hades and Iris prospects in licence PL 644 B (Faroe 20%), located in the Norwegian Sea. The exploration well 6506/11-10 targeted two formations: the Cretaceous Hades prospect and the Jurassic Iris prospect located directly underneath. The well has been drilled to a total depth of 4,536 metres […]

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