Irish oil and gas company Providence Resources plans to farm-out a part of its working interest in frontier exploration licence 6/14 (FEL 6/14).
Located 260km offshore south-west Ireland, the FEL 6/14 licence lies in the Goban Spur Basin. The licence holds the Newgrange prospect, which covers an area of 1,000km² and lies in 1,000m of water.
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Providence Resources (80%) and Sosina Exploration Limited (20%) are the current partners in the FEL 6/14 licence.
Ithaca Energy (North Sea) plans to raise $350m through a public offering of senior notes due 2023.
The proceeds from the offering will be used by the company to retrieve all of its senior notes due 2019 and to repay its debts.
Based in the US, Ithaca Energy (North Sea) is an oil and gas company and a subsidiary of Ithaca Energy.
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By GlobalDataSpirit Energy has signed a fixed-term framework agreement with Bibby Offshore to provide inspection repair and maintenance (IRM) works and subsea survey operations for various North Sea structures and pipelines owned by the former.
Based in the UK, Spirit Energy is an independent oil and gas operator, while Bibby Offshore is a subsea services provider based in Scotland.
Qatar Petroleum has contracted McDermott to provide a detailed design for the offshore jackets for the North Field expansion project situated offshore Qatar.
Based in Qatar, Qatar Petroleum is a state-owned petroleum company, while McDermott is a US-based multi-national engineering, procurement, construction and installation company.
Santos plans to divest its non-core properties located in Asia to Ophir Energy for $221m.
The assets included in the sale are 31.875% interest in the Vietnamese Block 12W production sharing contract (PSC) comprising the Chim Sáo and Dua oil fields, a 67.5% stake in the Indonesian Madura Offshore PSC comprising the Maleo and Peluang gas fields and a 45% stake in the Indonesian Sampang PSC comprising the Oyong and Wortel gas fields.
Following the transaction, Santos will withdraw from its operations located in Vietnam, Indonesia, Malaysia and Bangladesh.
Santos is an energy company based in Australia, while Ophir is a UK-based oil and gas exploration and production company.
The funds raised from the proceeds will be used by Santos to reduce its debts approximating to $2.5bn.
