Tag Archive

DEA awarded nine new licences in Norway

DEA awarded nine new licences in Norway

January 15, 2019 No Comments

The Norwegian Ministry of Petroleum and Energy has awarded nine new licenses on the Norwegian Continental Shelf (NCS) to DEA in this year’s Awards in Predefined Areas (APA). Four of the awarded licences are located in the Norwegian Sea, three in the North Sea and two in the Barents Sea. DEA will be operator in […]

Eni approves investment plan for Merakes Development Project in Indonesia

Eni approves investment plan for Merakes Development Project in Indonesia

December 17, 2018 No Comments

Eni will start with the execution of the Merakes Development Project in Indonesia following the approval received by the Minister of Energy of Indonesia and the authorization for the investment plan sanctioned by the company’s Board of Directors. The Merakes development project, located in the Kutei Basin, offshore East Kalimantan, consists in the drilling and […]

Total Strengthens Exploration Position In Mauritania

Total Strengthens Exploration Position In Mauritania

December 12, 2018 No Comments

Total and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania, covering an area of 14,175 square kilometers. According to the terms of the contracts, Total will be the operator of these two blocks with […]

Stabroek Resource Estimate now 5 Billion Barrels

Stabroek Resource Estimate now 5 Billion Barrels

December 4, 2018 No Comments

ExxonMobil said today it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels, is a result of further evaluation of previous discoveries and […]

Premier Oil provides Trading and Operations Update

Premier Oil provides Trading and Operations Update

November 15, 2018 No Comments

Premier Oil plc today provides a Trading and Operations Update for the period to 15 November 2018. Highlights Year-to-date production of 78.4 kboepd, up from 76.2 kboepd in the first half; forecast full-year production at around 80 kboepd Record Catcher Area production rates of over 70 kboepd (gross) frequently achieved; contractual oil production rate expected […]

Tullow Oil Announce November Trading Update

Tullow Oil Announce November Trading Update

November 15, 2018 No Comments

Tullow Oil plc (Tullow) issues the following Trading Update for the period 26 July to 15 November 2018. Trading Update summary • All fields producing in line with expectations, full year oil production guidance narrowed to 87-91,000 bopd • Full year free cash flow forecast to be c.$700 million, including Uganda farm-down proceeds of $200m, […]

ION announce new reimaging program onshore Mexico

ION announce new reimaging program onshore Mexico

October 31, 2018 No Comments

ION Geophysical Corporation (NYSE: IO) today announced a new 3D multi-client program onshore Mexico, which is fully supported by industry funding. The Tabasco 3D reimaging program will seamlessly integrate and reimage 46 data sets with the latest technology into a contiguous volume that ties the onshore and offshore plays at the prospect and regional scale. […]

Oranto Petroleum Signs Agreement with Niger Republic

Oranto Petroleum Signs Agreement with Niger Republic

October 30, 2018 No Comments

The Ministry of Petroleum of Niger to Grant Blocks R5, R6, Dibella and Dallol to Oranto; The blocks are located in the Agadem Rift Basin; Oranto Petroleum to receive technical data. Nigeria-based Oranto Petroleum (atlas-Oranto.com) has signed a Memorandum of Understanding with the Ministry Petroleum of the Republic of Niger, outlining its intention to sign […]

New oil discovery in the Johan Castberg licence

New oil discovery in the Johan Castberg licence

October 29, 2018 No Comments

Equinor and partners ENI and Petoro have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable barrels of oil. “This is an important discovery. It helps to determine the size of the Johan Castberg resource base which is currently being developed. Securing resources near existing […]

Canadian Natural Announces Establishment of Automatic Securities Purchase Plan

Canadian Natural Announces Establishment of Automatic Securities Purchase Plan

October 4, 2018 No Comments

Canadian Natural Resources Limited announces in connection with its previously announced Normal Course Issuer Bid (“NCIB”) to purchase up to 61,424,856 of its common shares (“Shares”), it entered into an Automatic Securities Purchase Plan (“ASPP”) with a designated broker. The ASPP is intended to allow for the purchase of Shares under the NCIB when the […]

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