Active year ahead for Middle East offshore E&P

January 21, 2019

Wood Mackenzie’s upstream Middle East North Africa team has identified various developments to watch for over the coming year.

Ireland upgrades Avalon acreage to frontier license

January 21, 2019

Total and its partners have successfully applied to convert a licensing option (LO 16/27) in the southern Porcupine basin offshore southwest Ireland to a frontier exploration license (FEL 2/19).


Pandion set for stake in Norwegian Sea license

January 21, 2019

Pandion Energy has agreed to acquire Aker BP’s 30% interest in license PL 842 in the Norwegian Sea.

Norway awards record licenses in latest offshore round

January 16, 2019

The Norwegian Ministry of Petroleum and Energy has awarded 83 new production licenses to a total of 33 companies under Norway’s Awards in Predefined Areas 2018 round.


Majors chasing deepwater giants offshore southern Africa

January 15, 2019

Exploration drilling looks set to soar offshore Africa this year, according to Wood Mackenzie.

Eni inks MoU to explore offshore Bahrain

January 15, 2019

The National Oil and Gas Authority of the Kingdom of Bahrain and Eni have signed a memorandum of understanding to explore block 1 offshore northern Bahrain.


Norway set for short-term rise in production, offshore expenditure

January 14, 2019

Oil and gas production offshore Norway should increase steadily from 2020-2023, according to the latest forecast by the Norwegian Petroleum Directorate.

Abu Dhabi awards partnership offshore blocks

January 14, 2019

Eni and PTTEP have secured the two offshore blocks offered under Abu Dhabi’s first international licensing round.


Deepwater plays dominate Southeast Asia 2019 drilling

January 14, 2019

Wood Mackenzie expects a pickup in offshore exploration this year across Southeast Asia and Australasia.

Equinor confirmed as Rosebank operator

January 11, 2019

Equinor has completed a transaction with Chevron west of Shetland.


Azeire assessing drilling options on Irish frontier licenses

January 10, 2019

Ireland’s Minister of State at the Department of Communications, Climate Actions and Environment has approved two frontier exploration license applications by Azeire in the offshore Porcupine basin.

Northwest Europe drilling set for pick-up in 2019

January 08, 2019

Wood Mackenzie expects operators in the Northwest Europe region to spud more than 60 offshore exploration wells this year, a 25% increase on the total for 2018.


No extension for offshore Equatorial Guinea gas project

January 07, 2019

Equatorial Guinea’s Ministry of Mines and Hydrocarbons has notified Ophir Energy that it will not gain an extension for the offshore block R license.

Eni gains operatorship of Oooguruk offshore Alaska

January 03, 2019

Eni has entered into an agreement with Caelus Natural Resources Alaska LLC to acquire 70% and operatorship of the Oooguruk oil field off Alaska.


Musandam taking charge of offshore Oman block

January 03, 2019

DNO has relinquished operatorship and participation in Oman’s offshore block 8 to the country’s Ministry of Oil and Gas and state-owned Oman Oil Company Exploration and Production.

Shell, EDF Renewables invest in New Jersey offshore wind

January 02, 2019

EDF Renewables North America and Shell New Energies US LLC have formed a 50/50 joint venture, Atlantic Shores Offshore Wind LLC, to co-develop OCS-0499 lease area within the New Jersey wind energy area.


GulfSlope provides Gulf of Mexico operations update

January 02, 2019

GulfSlope Energy Inc. has completed several operational milestones related to its 2019 drilling program and prospect portfolio.

Equinor withdraws from two North Sea fields

January 02, 2019

Equinor has completed the sale of interests in two Norwegian North Sea discoveries for a total of $470 million.


OMV takes on Shell’s interests offshore New Zealand

December 28, 2018

OMV has completed its acquisition of Shell’s Upstream business in New Zealand for $578 million.

Ecopetrol to join Shell, Chevron in presalt block offshore Brazil

December 21, 2018

Ecopetrol S.A. has signed an agreement with Shell and Chevron to acquire a 10% stake in the Saturno block in the presalt Santos basin.


US Gulf of Mexico poised for historic year, says WoodMac

December 19, 2018

Next year is shaping up to be a good one in the US Gulf of Mexico, says global natural resources consultancy Wood Mackenzie.

 

OMV takes stake in sour gas concession offshore Abu Dhabi

December 19, 2018

ADNOC and Abu Dhabi’s government have awarded Austria’s OMV a 5% interest in the 40-year offshore Ghasha ultra-sour gas concession.


CNOOC set to ramp up exploration offshore China

December 19, 2018

Wood Mackenzie has issued more details on CNOOC’s announcement that it has signed strategic cooperation agreements with nine international oil companies.

Qatar Petroleum to partner with Eni in Area 1 development offshore Mexico

December 19, 2018

Qatar Petroleum will acquire 35% of Eni’s interest in Area 1 in the Bay of Campeche, offshore Mexico pending approval from the Mexican authorities.



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