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Report: Cyprus seeks new exploration investment through third offshore licensing round
22 July, 2016
Cyprus is offering blocks 6, 8 and 10 in its third offshore licensing round, which it hopes to attract more investments even as exploration budgets have been greatly slashed, according to a...
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M&As this week: MeeMaken, Skeye, Palfinger Friday, July 22, 2016 Netherlands-based investment holding company, MeeMaken, has acquired Kenz Figee Group in order to expand its investment...

Lundin Norway starts drilling campaign in Barents Sea Friday, July 22, 2016 Lundin Petroleum’s wholly-owned subsidiary Lundin Norway has started its exploration and appraisal campaign in the Loppa High area in the southern Barents...

Noble Energy commences production at Gunflint oil field in Gulf of Mexico Friday, July 22, 2016 Noble Energy has started production at its Gunflint oil development located in the deepwater Gulf of...

Mexico launches auction terms for 15 offshore blocks Thursday, July 21, 2016 Mexico's oil regulator CNH has revealed auction terms for 15 exploration and production blocks in the southern Gulf of Mexico, with bids planned for March next year....

Vestigo Petroleum to operate and maintain Berantai offshore field Thursday, July 21, 2016 Petronas has appointed its wholly owned subsidiary Vestigo Petroleum to continue operations and maintenance of the Berantai offshore field....

Oil prices remain steady as US crude inventories decline Thursday, July 21, 2016 Oil prices have remained steady after the US Energy Department reported a drawdown of crude inventories....

Engie spuds exploration well PL 636 Cara in North Sea Wednesday, July 20, 2016 Norway-based Engie E&P Norge has spudded the exploration well PL 636 Cara in the northern North Sea....

Oil prices rise as investors await US crude stocks data Wednesday, July 20, 2016 Oil prices have increased with investors watching for a signal from weekly crude stocks data in US on whether the oversupply was easing....

KrisEnergy begins seismic acquisition programme in Gulf of Thailand Wednesday, July 20, 2016 The CGG Amadeus vessel has started a seismic acquisition programme for Singapore-based KrisEnergy in the G10/48 contract area in the Gulf of Thailand....

EnQuest to sell stake in Kraken development in North Sea Tuesday, July 19, 2016 EnQuest has signed a memorandum of understanding (MoU) to sell its interest in the Kraken development in the UK North Sea to Israel-based Delek Group....

BOEM releases draft EIS for potential Cook Inlet lease sale Tuesday, July 19, 2016 The US Bureau of Ocean Energy Management (BOEM) has released a draft of an environmental impact statement (EIS) that analysed the possible impacts of an oil and gas lease sale in Cook Inlet,...

Oil prices drop 1% over fears of another glut Tuesday, July 19, 2016 Oil prices have fallen 1% after increasing stockpiles of crude and refined fuel led to fears of another glut....

OneSubsea wins contract for Woodside's $1.9bn Greater Enfield project in Australia Monday, July 18, 2016 Schlumberger company OneSubsea has secured a $300m contract for Woodside Energy's $1.9bn Greater Enfield project in offshore north-west Australia....

Sembcorp delivers jack-up rig to UK offshore drilling contractor Noble Monday, July 18, 2016 Sembcorp Marine has delivered the jack-up rig Noble Lloyd Noble to UK-based offshore drilling contractor Noble....

Oil prices remain unchanged over failed military coup in Turkey Monday, July 18, 2016 Oil prices have remained unchanged after traders did not feel any impact of the failed military coup in Turkey....

Report: Oliva field development to share FPSO cost with Atlanta project Friday, July 15, 2016 The development of the Oliva offshore field is planned to be developed as a tie-back to the Atlanta FPSO in the Santos Basin, offshore Brazil, benefiting the Atlanta project, according to a...

BOEM tells offshore firms to comply with new financial and risk management requirements Friday, July 15, 2016 The US Bureau of Ocean Energy Management (BOEM) has notified oil and gas companies with leases in the Gulf of Mexico to comply with new financial assurance and risk management requirements...

Deals this week: Siem Offshore, Sirius Petroleum, Hercules International Drilling Friday, July 15, 2016 Siem Offshore Inc has sold its Siem Carrier platform supply vessel (PSV) to an undisclosed...

Marathon Oil produces first gas from Alba B3 platform Friday, July 15, 2016 US-based Marathon Oil has produced the first gas from its new Alba B3 compression platform in offshore Equatorial Guinea (EG)....

M&As this week: Woodside Petroleum, United Arab Shipping Company Friday, July 15, 2016 Woodside Petroleum Limited has signed a binding purchase and sale agreement with ConocoPhillips to acquire ConocoPhillips Senegal BV....


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