Supermajor ExxonMobil and independent Oil Search have taken stakes in two deepwater licenses offshore Papua New Guinea, in the southwest Pacific. The move will see the two firms each take a 40% stake in the PPL 373 and PPL 375 licenses from Gini Energy…
Petrel and its partners have met for discussions with Ghanaian officials, with negotiations now underway for a possible award of deepwater Tano basin acreage, as well as replacement acreage for the company’s signed petroleum agreement on Tano 2A Block…
Remote Ocean Systems (ROS) has released three new products for ROVs, research, and oil and gas. The L350 Full Range Dimming LED is an underwater LED floodlight that allows full range dimming up to 7500 Lumen. Designed with the offshore operator in mind…
GE Oil & Gas and SapuraKencana Well Services have agreed an Asia-Pacific deal to deliver light well intervention services, which they say will unlock previously uneconomic subsea intervention activity. The strategic alliance will enable oil and gas operators to bring wells into production…
Mexico’s secretary of energy (SENER) announced on 7 January that it signed two remaining production sharing contracts with Pan American Energy and Fieldwood Energy for areas awarded offshore Mexico during the country’s phase two bid round held in late September…
Egypt has announced the results of its delayed 2014 exploration bid round. The round sought to find companies to explore 10 areas in the Gulf of Suez, the Eastern Desert, and east and west of the Nile. Six of those area offshore in the south Gulf of Suez…
Mexico’s ALFA S.A.B. and US-based Harbour Energy are terminating the proposed US$5.3 billion acquisition of Toronto-based Pacific Rubiales Energy. Image from Pacific Rubiales. 'The…
Oil and gas companies are still testing the waters offshore New Zealand when it comes to production, and little has been done off the islands in the exploration arena. Māui A platform. Images from NZP&M/ Rob Tucker…
Penspen underlined its commitment to growth in the Middle East with three new appointments and investment in a new office in Iraq. Ahmed Al-Dadah and Na’el Barghouthi have this month joined the company from other engineering providers…
Canadian Overseas Petroleum Ltd. (COPL) confirmed that it and its partner, ExxonMobil (XOM), remain committed to completing their Liberian Block (LB) 13 work program in Liberia under the production sharing contract (PSC). According to COPL (20% interest)…
Supermajors Chevron and ExxonMobil were two of 26 companies, both privately and in consortia, that have earned the right to submit bids for Mexico’s Round 1 to be held on 15 July, the country’s National Hydrocarbons Commission (CNH) announced on 25 May…
Zeta Energy is offering up US$22.5 million for an unconditional takeover offer for Pan Pacific Petroleum NL (PPP). Map from PPP. The offer equals to $0.04 (A$.05) per share and will be made as an on-market cash offer…
AWE Ltd. began the Pateke-4H subsea tieback and installation project offshore New Zealand. Map from AWE. Pateke-4H is located in the offshore Taranaki basin, in the PMP 38158 permit area…
Australian exploration firm AWE has agreed a one year contract extension for the lease and operation of the FPSO Umuroa, operating on the Tui Area oil project, offshore New Zealand, from Norway-based BW Offshore. As a result, the contract period has been extended to Q4 2016 (from Q4 2015)…
Hess’s Australian subsidiary, Hess Exploration Australia Pty Ltd. and the North West Shelf (NWS) signed a non-binding letter of intent (LOI) for Hess to develop its natural gas discoveries in its deepwater permits offshore northwestern Australia…
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