Production of oil and natural gas at the Russian Pacific island of Sakhalin is expected to decline next year, the local government said in an emailed response to a Reuters query.Sakhalin, which is also famous for producing seafood, derives most…
The first shipment from Chevron’s Wheatstone liquefied natural gas (LNG) project in Australia has set sail for Japan. Wheatstone is Australia’s first third-party natural gas hub, which will enable future development of natural gas resources offshore Western Australia…
Subsea 7 and Sapura Energy have agreed to end their Asia Pacific focused SapuraAcergy joint venture (JV), with the JV's heavy-lift and pipelay vessel, Sapura 3000, sold to a subsidiary of Sapura Energy. The JV was set up in 2006, with SapuraCrest Petroleum…
BW Offshore and Panoro Energy have agreed on a final investment decision (FID) for the Dussafu project offshore Gabon, with first oil set for next year. Map of Dussafu, from Panoro. Panoro…
Hyperdynamics started drilling operations earlier this week at the Fatala turbidite fan prospect offshore Guinea, West Africa. On 21 May, the Pacific Scirocco drillship entered Guinea shelf waters. Due to an amendment to the drilling contract…
Pan Pacific Petroleum has agreed to sell its 5% interest in Block 07/03 in the Nam Con Son Basin in the South China Sea, to Spain's Repsol for US$5 million. Block 07/03, operated by Talisman (part of Repsol), includes the Cá Rồng Đỏ (CRD)…
BW Offshore has completed a deal with Harvest Natural Resources for its stake in the Dussafu production sharing contract (PSC) offshore Gabon. BW Energy Gabon (BWEG) now holds a 66.67% working interest in the Dussafu PSC, while Panoro Energy holds the remaining 33…
Nigerian-based South Atlantic Petroleum (Sapetro) and Houston-based Hyperdynamics have agreed to a farmout, allowing Sapetro to pick up 50% participating interest in the production sharing contract covering the deepwater Fatala turbidite fan prospect…
SapuraKencana Petroleum Berhad’s (SKPB) has signed several awards through its wholly-owned subsidiaries with a combined value of approximately US$97.4 million (RM 433.6 million). SapuraKencana TL Offshore Sdn. Bhd. (SKTLO) has been awarded…
Independent NU-Oil raised raise US$2.56 million (£2.05 million) in new shares to help it with its stranded and marginal field strategy with 50% owned MFDevCo (Marginal Field Development Co.). NU-Oil says its next logical stage being the acquisition of a project…
Hyperdynamics Corp. has entered into a US$4.5 million master service agreement (MSA) with oilfield services giant Schlumberger to provide drilling services for the Fatala-1 deepwater exploration well planned for Q2 2017, offshore the Republic of Guinea…
Australia's AWE has sold 57.5% of its stake in the Tui area oil fields in the Taranaki basin offshore New Zealand, to Kuala Lumpur-based Tamarind Management. Subject to approvals from the New Zealand government and the Tui joint venture…
Sirius Petroleum entered into a financed drilling contract with COSL Drilling Pan-Pacific Ltd. (COSL), for the provision of a high specification jackup rig that will be utilized to drill a multi well campaign as part of its shallow water development strategy in Nigeria at the Ororo project…
Karoon Gas Australia entered into a binding sale and purchase agreement for Pacific E&P Corp.’s 35% equity interest in the jointly held Santos Basin exploration blocks S‐M‐1037, S‐M‐1101, S‐M‐1102, S‐M‐1165 and S‐M‐1166, offshore Brazil…
Petrel Resources and Clontarf Energy, with a Ghanaian partner, have been offered revised deep water Tano Basin acreage by Ghanaian officials, which have been accepted in principle. The acreage, which has been offered to Pan Andean Resources…
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