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Rosneft to Acquire a 30% Stake in Zohr Gas Field

Rosneft to Acquire a 30% Stake in Zohr Gas Field

October 9, 2017 No Comments

Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A. The cost of Rosneft stake acquisition is USD 1.125 bln. The Company also refunded its share in past project costs to Eni. The […]

Noble Energy Updates Third Quarter 2017 Guidance

Noble Energy Updates Third Quarter 2017 Guidance

September 25, 2017 No Comments

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) today provided an updated outlook for the third quarter of 2017. • Sales volumes for the third quarter have been raised to range between 352 and 358 thousand barrels of oil equivalent per day (MBoe/d), representing a 3 percent uplift or 10 MBoe/d increase at […]

Hyperdynamics Seek to Extend Offshore Guinea Program

Hyperdynamics Seek to Extend Offshore Guinea Program

September 22, 2017 No Comments

Hyperdynamics Corporation (OTCQX: HDYN) (“Hyperdynamics” or the “Company”), announced that it has notified the government of the Republic of Guinea that it will be seeking a two-year appraisal period under its oil and gas Production Sharing Contract. “Based on further analysis of the results of the recently drilled Fatala-1 exploration well regarding the oil saturation […]

INPEX to Acquire Participating Interest in Exploration License PL767

INPEX to Acquire Participating Interest in Exploration License PL767

September 19, 2017 No Comments

INPEX CORPORATION (INPEX) announced that through its subsidiary INPEX Norge AS, it has entered into an agreement to acquire a 40% participating interest in exploration license PL767 (the License) located in the western Barents Sea offshore the Kingdom of Norway from Bayerngas Norge. INPEX’s acquisition of this participating interest will hand the company its first […]

GulfSlope Energy and Texas South Energy Announce Letter of Intent with IOC

GulfSlope Energy and Texas South Energy Announce Letter of Intent with IOC

September 13, 2017 No Comments

GulfSlope Energy, Inc. (OTCQB: GSPE) (“GulfSlope”) and Texas South Energy, Inc.(OTC PINK: TXSO) (“Texas South”) (collectively, the “Farmors”) announced today that they have jointly executed an exclusive letter of intent (“LOI”) with a large international oil and gas company (the “Partner”) to jointly drill and develop the Farmors oil and gas prospects located offshore Gulf […]

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 […]

DEA appoints New CEO

DEA appoints New CEO

September 5, 2017 No Comments

DEA Deutsche Erdoel AG, the international oil and gas company wholly owned by LetterOne, today announces the appointment of Maria Moraeus Hanssen as its new CEO and Chairman of the Management Board. The appointment is expected to take effect in January 2018, when Maria Moraeus Hanssen succeed Thomas Rappuhn, who is handing over after 30 […]

Baker Hughes Awarded Coral South FLNG Contract

Baker Hughes Awarded Coral South FLNG Contract

August 31, 2017 No Comments

Baker Hughes, a GE company (NYSE: BHGE) has announced a second major contract for Eni East Africa’s (EEA) Coral South FLNG development, offshore Mozambique, underlining the company’s position as the world’s first and only integrated fullstream provider of products, services and digital solutions that maximize productivity, efficiency and cost reduction. The contract was awarded in […]

Oceanteam ASA Reports H1 2017 Results

Oceanteam ASA Reports H1 2017 Results

August 30, 2017 No Comments

Oceanteam ASA, the Dutch-Norwegian based offshore service provider Oceanteam ASA (“Oceanteam” or “Company”) today announced its official figures of the first six month of 2017 (hereafter referred to as H1 2017). Revenues during H1 2017 came in at USD 16.8 million The Company recorded an EBITDA from operations of USD 6.8 million and a net […]

Erin spuds Oyo-9 well offshore Nigeria

Erin spuds Oyo-9 well offshore Nigeria

August 15, 2017 No Comments

Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) (JSE:ERN) announced it has commenced drilling of the Oyo-9 well (Oyo-9). Oyo-9 is being drilled with the Pacific Bora sixth-generation drilling rig on the Oyo field offshore Nigeria. The well is expected to take approximately 62 days to drill and complete. The tie-in of the […]

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