Tag Archive

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 […]

ExxonMobil Wins Additional Acreage in Brazil’s 5th Pre-Salt Bid Round

ExxonMobil Wins Additional Acreage in Brazil’s 5th Pre-Salt Bid Round

October 1, 2018 No Comments

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round. The block awarded added more than 71,500 net acres to the ExxonMobil portfolio, expanding the company’s total position in the country to approximately 2.3 million net acres. “With the […]

Saudi Arabian Drilling Academy’s first graduates

Saudi Arabian Drilling Academy’s first graduates

September 21, 2018 No Comments

The Saudi Arabian Drilling Academy (SADA) held its first graduation for a cohort of 132 students representing 34 drilling and services companies, in response to the oil and gas industry’s rising need for thousands of skilled exploration, drilling and workover talent, and in alignment with Saudi Vision 2030 workforce development aims. The graduation ceremony was […]

ENERGY NEWSTRACK TO 06/09/18:

ENERGY NEWSTRACK TO 06/09/18:

September 6, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $75.18 a barrel on Wednesday, 5 September 2018, compared with $76.32 the previous day, according to OPEC Secretariat calculation. Includes: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait […]

Ninth Discovery Offshore Guyana

Ninth Discovery Offshore Guyana

August 31, 2018 No Comments

ExxonMobil (NYSE:XOM) has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet (4,225 […]

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