VNG Norge is to start a second sidetrack well to further assess potential at the Norwegian Sea Pil discovery after successful results were announced from an initial side-track appraisal well earlier this week. The second side-track well…
Cairn Energy updated plans for drilling the Gargaa well off Morocco during its Annual General Meeting on 16 May. Cairn has established a position in both the Jurassic carbonate shelf and the emerging deep-water Mesozoic clastic exploration plays…
In an interim management statement on 15 May, Cairn Energy plc announced that three executive directors would stand down, as part of the Company’s long term succession planning. Sir Bill Gammell, Founder and Chairman, Dr. Mike Watts, Deputy CEO…
Exploration well 31/2-21S targeting the Gotama prospect, offshore Norway, did not encounter reservoir quality sandstones in the Upper Jurassic main target, says operator Tullow Oil. The well, in production license 550, encountered reservoir…
UK offshore oil and gas industry optimism continues to decline amid rising operating costs and a decline in exploration activity. But, despite the declining optimism, sentiment in the industry still remains positive, according to Oil & Gas UK’s Q1 2014 Business Sentiment Index…
The urgent need to address the global cost competitiveness of Australia’s oil and gas industry has been highlighted by a new analysis that shows fewer exploration wells are being drilled offshore despite significantly higher expenditure. An…
UK-based Sterling Resources completed 800sq km of new 3D seismic in the Romanian Black Sea. The company's 1Q result, issued yesterday, discusses three major milestones in derisking its Romanian assets: - In early February, Sterling…
Lundin Petroleum has started drilling of appraisal well 7120/1-4s in PL492 on the Gohta discovery, 155 km northwest of the Norwegian coast and 5.7 km northwest of the original Gohta discovery well. The well's main objective is to test…
Petrobras announced today that it has confirmed the Sagitario well discovery (formally 1-SPS-98 / 1-BRSA-1063 -SPS) initially announced 25 February 2013 while in the drilling phase. Located in the ultra-deepwater presalt area of the Santos basin…
Eni says it has successfully executed the appraisal campaign for the Agulha discovery, located in Area 4 offshore Mozambique. Area 4 is now thought to contain about 85Tcf of gas in place. The delineation was carried out through the Agulha 2 well…
Australia's ADX Energy has won 100% stake in an exploration permit offshore Italy, which it will operate through its wholly owned Italian subsidiary. The offshore exploration permit d 363 C.R-.AX was awarded by the Italian Ministry of…
W&T ƶijϻ Inc. subsidiary, W&T Energy VI, acquired Woodside Energy's deepwater Gulf of Mexico assets for US$51 million, the company announced on 20 May 2014. The transaction includes a 20% non-operated working interest in the producing Neptune field (Atwater Valley Blocks 574…
The Atwood Eagle semisubmersible drilling rig has been mobilized to the Phoenix South-1 well location within the WA-435-P exploration permit, off Western Australia. Perth-based partner Carnarvon Petroleum Ltd. said that operator Apache Energy Ltd…
A subsidiary of Genel Energy is preparing to start drilling the Hagar Qim-1 well offshore Malta after the rig for the program was accepted under contract. The Noble Paul Romano (pictured) set sail for Block 7, in Area 4 offshore Malta…
Energean Oil & Gas and Mediterranean Oil & Gas have jointly submitted a bid for the exploration and production of hydrocarbons in three areas offshore Montenegro, as part of the country's first offshore licensing round. The First Round…