Australia-based Talon Petroleum has entered into a binding heads of agreement for the purchase of 100% of the shares in EnCounter Oil, which owns two UK North Sea licences. EnCounter is a private, UK-based company formed in 2012 by key former members of the executive…
Brazilian oil and gas company PetroRio has entered into a share purchase agreement for Chevron’s stake in the Frade field offshore Brazil in a deal reportedly worth half a billion dollars. PetroRio will buy the US oil major’s subsidiary Chevron Brasil Upstream Frade Ltda. which holds…
The Oil & Gas Authority (OGA) has welcomed yesterday’s announcement of CNOOC’s Glengorm gas/condensate discovery in the UK central North Sea. OGA chief executive Dr Andy Samuel said: “Glengorm was first mapped as a prospect around 20 years ago and it is great to…
Saipem has won an onshore-offshore front end engineering design (FEED) contract for a proposed integrated natural gas-to-power development in Vietnam. A joint venture of ExxonMobil Exploration and Production Vietnam Limited (EMEPVL), PetroVietnam and PetroVietnam Exploration Production Corporation awarded Saipem the FEED contract for the…
Lundin Norway has let an integrated engineering, procurement, construction, and installation contract to TechnipFMC for the Luno II and Rolvsnes development in 110 metres of water in the North Sea. The contract covers the delivery and installation of subsea equipment including umbilicals, rigid flowlines,…
Despite a 140% boom in US crude oil production and a 50% jump in natural gas output since shale took flight in 2008, the midstream infrastructure to pipe this new supply around the country has simply not kept up. This is a major problem for…
Indonesian oil and gas group Medco said on the 30th January it will buy Ophir Energy for a sweetened bid of £390.6 million in cash, as it looks to strengthen its portfolio of assets in South-east Asia. The deal comes after Ophir rejected Medco’s…
CNOOC Limited has announced a new discovery on the Glengorm prospect, which is located in the UK central North Sea. The Glengorm exploration well was drilled to a total depth of 16,587 feet and encountered net gas and condensate pay zones with a total…
Cue Energy has completed the funding requirements for the Ironbark-1 exploration well on the WA-359-P permit offshore Western Australia. New Zealand Oil & Gas (NZOG) has agreed to take a 15% interest, free-carrying Cue for 2.85% of the costs of the well on the…
AAOG in Djeno discovery, offshore Congo Anglo African Oil & Gas Plc, an independent oil and gas developer, has informed that TLP-103C well at its Tilapia licence in the Republic of the Congo has intersected the targeted Djeno horizon and that hydrocarbons were encountered. The…
