ExxonMobil has signed a production sharing contract (PSC) with the government of Equatorial Guinea for a deepwater block located 36mi west of the country's capital city, Malabo. Exxon will operate deepwater Block EG-11 with 80% working interest…
Norway's Ministry of Petroleum and Energy has set out proposed exploration blocks to be offered in the 24th licensing round, including a large tranche in the Barents Sea. The move follows an invitation to oil companies to nominate blocks for inclusion in the 24th Licensing Round…
In this video, Fred. Olsen Windcarrier shows the installation of the first ever offshore wind farm in the US: Block Island. On 18 August, the Brave Tern jackup completed the installation of five GE Haliade 150-6MW turbines at Deepwater Wind’s Block Island Wind Farm…
Premier Oil and its partners in the upcoming shallow water bid round offshore Mexico are anticipating to go out to tender for a moored, semisubmersible rig for Block 7 in Q4 2016, the company revealed in its 1H 2016 report. Map of Blocks 2 and 7…
Oil majors Statoil, Eni, Total and ExxonMobil have submitted rival bids for three exploration blocks offshore Cyprus in the country's 3rd Licensing Round. Three blocks - 6, 8 and 10 - in the Mediterranean Sea were put on offer, with six applications made…
Vancouver-based EnerGulf Resources entered into a letter of intent (LOI) with Houston-based Texas South Energy, to participate in six offshore Gulf of Mexico (GoM) prospects owned and operated by GulfSlope Energy. GoM operations…
US-based explorer Kosmos Energy has agreed to farm-out a one third stake in its Block 42 contract area offshore Suriname to Hess. In return, Hess will fully fund the cost of a 6500sq km 3D seismic survey, expected to start in Q3 this year…
Kosmos Energy Sao Tome and Principe (Kosmos) has gained operatorship of Block 5 and 12, offshore West Africa in the exclusive economic zone (EEZ) of the Democratic Republic of Sao Tome and Principe (STP), as part of a farm-in (65%) agreement with Equator Exploration…
A total of 18 blocks are up for bid for exploration in 2016 to international oil and gas companies wanting to partner with operator China National Offshore Oil Co. (CNOOC). Map of blocks up for bid…
Sterling Energy's subsidiary Sterling Energy Mauritania Ltd. (SEML) has submitted a notice of withdrawal to its joint venture partners in Block C-3, offshore Mauritania. As part of the withdrawal, SEML will assign its entire 40.5% participating…
In the awards in predefined areas (APA) round 2015, Statoil has been awarded interest in 24 licenses on the Norwegian continental shelf (NCS), 13 of those as operator and 11 as partner, breaking the company’s 2005 record for number of licenses awarded…
China National Offshore Oil (CNOOC) signed a production sharing contract (PSC) with Husky Oil Operations (China) for Block 15/33 in the South China Sea. Block 15/33 is located in the Pearl River Mouth Basin of the South China Sea. The…
Egypt's state gas company EGAS announced the result of the 2015 international exploration Mediterranean bid round, with blocks awarded to BP, Eni, Edison and Total. In total, four blocks were awarded, with a total investment of US$306 million and a signing bonus of $10…
Tullow Oil is looking to drill on its Block C-10 acreage offshore Mauritania in 2016, according to Sterling Energy. Sterling, which has just agreed to acquire a 13.5% stake in Block C-10 says Tullow has identified a drill-ready Neocomian…
Italian exploration and production major Eni is joining Chevron, Woodside, Ophir Energy and India's Reliance Industries, in gearing up for exploration activities offshore Myanmar after signing two production sharing contracts (PSCs). All the companies have been awarded PSCs off the country…
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