UK reserves up, but well count falls short

May 15, 2019

The Oil and Gas Authority has issued findings from its latest ‘Tier Zero’ meeting with managing directors of the 22 largest oil and gas producers on the UK continental shelf.

August cut-off point for Egyptian Red Sea license bids

May 09, 2019

Egypt’s Ministry of Petroleum and Mineral Resources is offering 10 exploration blocks in the Red Sea close to established hydrocarbon production.


Impact studies under way for AGC drilling

May 09, 2019

Oryx Petroleum has reduced preparatory drilling costs on the AGC Central License Area offshore northwest Africa by deferring some of the planned outlay to 2020.

Petrobras continuing on path to debt reduction

May 08, 2019

Petrobras’ strict focus on capital discipline and portfolio rationalization in recent years has improved its financial condition, and this should continue into the next decade, according to a report by IHS Markit.


Occidental to offload Anadarko’s Africa interests to Total if bid is successful

May 06, 2019

Total has reached an accord with Occidental to acquire Anadarko’s E&P interests in Africa for $8.8 billion, if Occidental succeeds in its bid for Anadarko.

Lebanon opens more offshore blocks

May 03, 2019

The Lebanese Council of Ministers has offered five offshore blocks for tender under Lebanon’s second offshore licensing round.


Eni signs offshore Bahrain exploration agreement

May 03, 2019

Eni has signed an exploration and production sharing agreement with the National Oil and Gas Authority of the Kingdom of Bahrain for the country’s offshore block 1.

Shell takes up North Sea gas license option

May 02, 2019

Shell U.K. has exercised an option agreement to farm into 50% of UK southern North Sea license P2437, containing the potential 291-bcf Selene gas prospect.


Smoke incident at North Sea Snorre platform

May 02, 2019

Operations are returning to normal at the Snorre B platform in the Norwegian North Sea, following a smoke alert yesterday afternoon.

Danish Energy Agency sanctions Shell Denmark E&P transfer

May 02, 2019

The Danish Energy Agency has approved Norwegian Energy Co.’s acquisition of Shell’s Danish upstream assets.


Abu Dhabi offering three offshore blocks in second license round

May 01, 2019

Abu Dhabi National Oil Co. has issued details of five blocks offered under Abu Dhabi’s second licensing bid round.

Offshore Gambia partners consider next steps

May 01, 2019

FAR and partner Petronas will take a decision later this month on whether to enter the next license phase for blocks A2 and A5 offshore The Gambia.


DNO, Equinor trade offshore Norway field stakes

April 30, 2019

DNO has concluded an offshore asset swap agreement with Equinor Energy in the Norwegian sector, following approval by the authorities.

Repsol, LLOG expand deepwater Gulf of Mexico collaboration

April 29, 2019

LLOG Exploration Offshore L.L.C. and Repsol E&P USA Inc. have signed an asset exchange and joint participation agreement in the deepwater Gulf of Mexico.


Delek responds to Chevron North Sea reports

April 29, 2019

Delek Energy has confirmed that its subsidiary Ithaca Energy has submitted a bid in relation to Chevron’s sales process for its UK North Sea interests.

BP progressing offshore Australia Ironbark well preparations

April 29, 2019

BP and its partners have submitted an environment plan to the National Offshore Petroleum Safety and Environmental Management Authority for the Ironbark-1 well site survey.


Trump administration reportedly delays offshore leasing plan

April 26, 2019

Interior Secretary David Bernhardt told the Wall Street Journal the Trump administration’s development of a new five-year offshore oil and gas leasing program has been delayed indefinitely.

Petronas acquires stake in two fields offshore Brazil

April 26, 2019

Petrobras has entered into a sale and purchase agreement with Petronas Petróleo Brasil Ltda. for 50% working interest in the Tartaruga Verde field and Module III of the Espadarte field in the deepwater Campos basin. The value of the transaction is about $1.3 billion.


More upstream M&A deals likely offshore Southeast Asia

April 26, 2019

Wood Mackenzie predicts that up to $14 billion worth of upstream assets could be traded this year across Southeast Asia.

The Oil and Gas Authority modifies priorities for the UK’s offshore future

April 26, 2019

The Oil and Gas Authority has outlined its priorities for the UK continental shelf between 2019 and 2024.


ExxonMobil increases frontier acreage offshore Namibia

April 24, 2019

ExxonMobil has signed an agreement with the government of Namibia and the National Petroleum Corp. of Namibia (NAMCOR) for blocks 1710 and 1810, and farm-in agreements with NAMCOR for blocks 1711 and 1811A.

Chinese groups to explore two Beibu Gulf blocks

April 24, 2019

CNOOC China Ltd. has signed a petroleum contract with PetroChina Co. for two blocks in the South China Sea.


Murphy to acquire LLOG’s deepwater Gulf of Mexico assets

April 23, 2019

Murphy Exploration & Production Co. – USA has entered into a definitive agreement to acquire deepwater Gulf of Mexico assets from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C. for $1.625 billion.

Eni expands presence offshore UAE

April 19, 2019

Eni has signed an exploration and production sharing agreement covering block A offshore Ras Al Khaimah, as well as the relevant joint operating agreement.



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