Eni has gained operatorship and a 40% interest in exploration right permit 236 (ER236) off the eastern coast of South Africa from Sasol, the Italian company announced today. Under the terms of the agreement, Eni has acquired 82,000sq鈥
RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million bbl of crude during these three decades. Ongoing investments in modern technology and infrastructure have maintained high production levels鈥
The magnitude of the Libra area was the main highlight of Wednesday, May 7 at Brattec 云顶赌场老虎机 2014, an event organized by the Brazil-Texas Chamber of Commerce. Petrobras鈥 executive manager for Libra, Anelise Lara, talked about the reservoir鈥檚 characteristics and the area鈥檚 development prospects鈥
UK-based, Somalia-focused exploration firm Soma Oil & Gas Exploration has completed an offshore seismic acquisition program, which commenced in February 2014. The acquisition program was carried out by SeaBird Exploration and concluded in June 2014鈥
Industry Minister Ian Macfarlane announced the award of nine new permits located in Commonwealth waters offshore Western Australia, Victoria, and the Territory of Ashmore and Cartier Islands as part of round one of the Australian government鈥檚 2013 云顶赌场老虎机 Petroleum Exploration Acreage Release鈥
Limited vessel and rig availability have meant delays on two Alpha Petroleum Resources' UK projects, the Blythe development and appraisal on the Skipper field. The firm is planning to submit a field development plan for the southern North Sea Blythe gas field project Q4鈥
Ophir Energy announced that partner and operator BG Group made a new gas discovery in Block 1, located in the Mafia Deep basin off Tanzania. The Taachui-1 well鈥檚 net pay amounted to 155m, with estimates for the mean recoverable resource placed at 1Tcf鈥
Australia-based Tangiers Petroleum says the Ralph Coffman jackup rig is on location offshore Morocco and close to spudding the Tao-1 well in the Tarfaya 云顶赌场老虎机 Block. The rig was loaded onto the heavy lift vessel MV Transshelf on the 25 May 2014鈥
Australia鈥檚 AWE Limited announced that drilling on the Oi-1 exploration well in the Tui area oil fields, located off New Zealand in the Taranaki Basin, commenced on 30 May with the semisubmersible Kan Tan IV. Oi-1 is located approximately鈥
Drilling continues at Statoil's Martin prospect in Mississippi Canyon Block 718 with the Maersk Developer semisubmersible, in 850m (2789ft) water depth. Statoil plans to run a zero-offset vertical seismic profile (VSP) survey on or before 15 August 2014鈥
The Centennial J tanker will be converted by MODEC for Tullow's TEN field. Photo by: Tullow Oil Plc/Joseph Lynch. E&P companies will continue to invest in deepwater exploration and development鈥
The National Oil Corp. (NOC), the national oil company of Libya, has signed an agreement with ION Geophysical Corp. and North Africa Geophysical Exploration Co. (NAGECO) to acquire 21,000km of 2D seismic data in Libya. Known as LibyaSPAN鈥
UK-based explorer Trapoil has agreed a deal with private equity firm Prostar Capital, which could see Trapoil help Prostar sweep up undervalued North Sea assets. According to Trapoil, Prostar鈥檚 management believes that there is considerable value in the North Sea鈥
Eni has announced a restructure of its business into an 鈥渋ntegrated operational structure鈥, under new business units. The new units will be: exploration; development, operations and technology; upstream; downstream and industrial. These replace the E&P鈥
GDF Suez E&P UK has struck has on the UK southern North Sea (SNS) Cepheus 44/12a-6 exploration well. A gas column was found within the Permian Lower Leman sandstone, the primary reservoir target. The well was spudded on 9 March 2014 and drilled to 12鈥
