Tag Archive

Tullow awarded four licences in Côte d’Ivoire

Tullow awarded four licences in Côte d’Ivoire

October 12, 2017 No Comments

Tullow Oil plc (Tullow) announced that it has acquired 90% stakes in four onshore blocks in Côte d’Ivoire. Petroci, the national oil company of Côte d’Ivoire, holds the remaining 10%. The four blocks – CI 518, CI519, CI301 and CI302 – cover 5,035 square kilometres and located on the coastline of Côte d’Ivoire mostly to […]

Oil discovery in Verbier sidetrack on UK continental shelf

Oil discovery in Verbier sidetrack on UK continental shelf

October 9, 2017 No Comments

Statoil and partners have made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf, proving a minimum of 25 million recoverable barrels of oil in the immediate vicinity of the wellbore. The preliminary results suggest the discovery could range anywhere between 25 and 130 million barrels […]

John S. Watson to Retire From Chevron

John S. Watson to Retire From Chevron

September 28, 2017 No Comments

Michael K. Wirth Named Chairman and CEO of Chevron Chevron Corporation (NYSE: CVX) announced that its Board of Directors elected Michael K. Wirth chairman of the board and chief executive officer, effective February 1, 2018. Wirth, who is currently vice chairman of the board and executive vice president of Midstream and Development, succeeds John S. […]

DEA Deutsche Erdoel AG signs exploration licence agreement with Pemex

DEA Deutsche Erdoel AG signs exploration licence agreement with Pemex

September 26, 2017 No Comments

DEA Deutsche Erdoel AG and the Mexican state company Pemex have signed the licence contract for shallow water Block 2. The licence was awarded to the consortium by the National Hydrocarbons Commission (CNH) in the bid round 2.1 in June 2017. DEA holds a 30 percent share, with Pemex holding the remaining 70 percent as […]

Gazprom Neft Begins Full-Scale Hydrocarbon Prospecting

Gazprom Neft Begins Full-Scale Hydrocarbon Prospecting

September 19, 2017 No Comments

Gazprom Neft has begun geological investigations in Paleozoic hydrocarbon deposits in the Tomsk Oblast. Thus far, the complex structure of the pre-Jurassic complex has not been deemed an independent geological prospect, investigations into which demand the modification of traditional prospecting methodologies. The aim of this project — the first of it’s kind in Russia — […]

CNPC and Eni sign a cooperation agreement

CNPC and Eni sign a cooperation agreement

September 13, 2017 No Comments

China National Petroleum Corporation (CNPC) and Eni signed cooperation agreement today in order to cooperate in oil & gas exploration and production, gas and LNG value chain opportunities, trading and logistics opportunities, refining and petrochemicals. The partnership will regard both China and overseas activities. The signing took place in Rome at Eni’s headquarters during a […]

Chariot Oil & Gas Announce H1 2017 Results

Chariot Oil & Gas Announce H1 2017 Results

September 13, 2017 No Comments

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, announced its unaudited interim results for the six-month period ended 30 June 2017. Highlights during and post-period: Partnering & Drilling  Approval of the farm-out to Eni in Rabat Deep Offshore, Morocco – operatorship now transferred and a carried […]

Sound Energy Announce Completion of OGIF Acquisition

Sound Energy Announce Completion of OGIF Acquisition

September 12, 2017 No Comments

Sound Energy, announced the completion of the Company’s previously announced acquisition by the Company of the interests of Oil & Gas Investment Fund S.A. (“OGIF”) in Eastern Morocco (the “Acquisition”) following receipt of final approvals in relation to the Anoual and Tendrara licence areas. As a result, the Company now holds: · An operated 75% […]

Statoil acquires exploration licenses in South Africa

Statoil acquires exploration licenses in South Africa

September 7, 2017 No Comments

Statoil has completed a transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35% interest in Exploration Right 12/3/252 Transkei-Algoa. Operator ExxonMobil retains 40% interest, while Impact Africa holds 25%.The license covers approximately 45,000 square kilometres in water depths up to 3,000 metres. Statoil has also completed a transactionwith OK Energy Ltd, […]

Hibiscus Petroleum Reports FY2017

Hibiscus Petroleum Reports FY2017

August 31, 2017 No Comments

Hibiscus Petroleum Bhd (HIBISCS; MYX: 5199) announced results for the Fourth Quarter ended 30 June 2017 (4Q17). The Group reported net profit after tax of RM106.1M for the Full Year ended 30 June 2017 (FY2017), a positive swing of RM166.1M after a loss of RM60.0M in FY2016, driven by improved revenues and efficiencies from the […]

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