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Regional Reports

Africa

Eni and partners reach milestone offshore Angola

Eni and its partners have met a key milestone toward first oil of West Hub development project. The N’Goma FPSO is set to sail to the offshore site...

Gabon selects 7 oil, gas firms for final offshore block talks

Gabon’s oil ministry has selected seven firms for a final round of negotiations as part of an offshore licensing round to boost production.

Tullow negotiates Cooper block farm-in offshore Namibia

Eco (Atlantic) Oil & Gas has agreed to farm out up to 40% of block 2012A offshore Namibia to Tullow Oil subsidiary Tullow Kudu.

Asia

WorleyParsons signs MOU with Wilson Offshore & Marine to jointly pursue projects

WorleyParsons Services Pty Ltd. has signed a memorandum of understanding (MOU) with Wilson Offshore & Marine to jointly pursue the execution and delivery of ship-shaped floating LNG, FPSO, and ...

Infield sees subsea market growth over next five years

The “Global Perspectives Subsea Market Report to 2018” by Infield predicts that capex in the segment will grow by 6.72% over the time span.

ONGC reports on redevelopment plans, new discovery

ONGC plans to redevelop its offshore field Mumbai High (North), which will lead to an incremental gain of 7 MM metric tons (7.7 MM tons) of crude oil and 5.253 bcm (1.86 MMcf) of gas by 2030.

Natuna Sea offshore gas swap takes effect

Premier Oil says it has supplied first gas offshore Indonesia under a domestic swap agreement (DSA).

CGG opens Myanmar subsurface imaging center

CGG has opened a subsurface imaging center in Yangon, Myanmar, to service and support anticipated growth in Myanmar’s oil and gas exploration sector. 

Australia & New Zealand

Apache explores Phoenix-1 in Western Australia

Carnarvon Petroleum Ltd has reported that the consortium continues to explore the Phoenix South-1 well in permit WA-435-P on the northwest shelf offshore Western Australia.

ConocoPhillips, Karoon Gas make gas discovery at Pharos-1 in the Browse basin

Karoon Gas Australia Ltd, a partner in the WA-398-P block, has stated that movable hydrocarbons were detected in the Pharos-1 well in the Browse basin offshore Western Australia.

WorleyParsons signs MOU with Wilson Offshore & Marine to jointly pursue projects

WorleyParsons Services Pty Ltd. has signed a memorandum of understanding (MOU) with Wilson Offshore & Marine to jointly pursue the execution and delivery of ship-shaped floating LNG, FPSO, and ...

Woodside keen to explore offshore Lake Tanganyika

Woodside has finalized an agreement to farm-in to the Lake Tanganyika basin in western Tanzania.

Phoenix South-1 begins drilling side track

Carnarvon Petroleum Ltd says the Phoenix South-1 well has begun drilling a side track wellbore. On July 7, the well was drilling ahead at 1,960 m (6,430 ft) on the way to the 9-5/8-in. casing point...

Canada

Shell welcomes partners to offshore deepwater Nova Scotia project

ConocoPhillips and Suncor Energy will join Shell as joint venture partners on its deepwater Shelburne basin exploration program.

 

Flemish Pass partners plan further deepwater drilling

Husky Energy and Statoil have secured the semisubmersible West Hercules for an exploration and appraisal campaign this fall in the deepwater Flemish Pass basin offshore Newfoundland & Labrador.

Enegi to drill its first well offshore eastern Canada

The Canada-Newfoundland and Labrador Offshore Petroleum Board has extended Period 1 of an exploration license held by Enegi Oil by one year.

Next-phase Hibernia subsea facilities in place

Detailed engineering and construction continues on the gravity-based structure and topsides for the Hebron platform offshore Newfoundland & Labrador, according to partner Suncor Energy.

Husky gets go-ahead on White Rose development plan

Husky Energy (TSX:HSE) has received regulatory approval on an amended South White Rose field development plan, the third satellite extension at the White Rose field in the Atlantic Region.

Latin America

Trinity plans three-field gas development offshore Trinidad

Trinity has agreed to acquire Centrica’s 80% interests in blocks 1a and 1b offshore Trinidad’s west coast for $23 million.

The challenge of local content in Brazil

Local content is now, more then ever, one of the major hurdles of the Brazilian oil and gas industry.

Oil & gas in Mexico in transition

Mexico's oil and gas industry is at a turning point. Events are in motion that may completely change the way exploration and development prospects are executed. The moves would affect operations in...

Brazil's offshore insurance industry ready for a shake up

Itau Seguros has dominated Brazil's offshore insurance market for decades. As the country's offshore industry continues to grow into ever more challenging areas, the sector has had to react and fra...

Joint venture tackles challenge of Brazilian presalt

Repsol has operated the Brazilian presalt block BM-C-33, located in the Campos basin, since 1997. There, the company has made the discoveries of Pao de Acucar, Seat, and Gavea, which are estimated ...

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Middle East

Infield sees subsea market growth over next five years

The “Global Perspectives Subsea Market Report to 2018” by Infield predicts that capex in the segment will grow by 6.72% over the time span.

Zubara authorized to drill offshore Sharjah

Sharjah’s government has extended Lime Petroleum subsidiary Zubara Petroleum’s concession agreement for the Sharjah Offshore block in the UAE.

Success of Lebanon’s first bidding round yet to be determined

With attractive exploratory potential, the Levant basin, offshore Lebanon, presents an opportunity in the promising eastern Mediterranean region, says an analyst with research and consulting firm G...

Eni, KMG form joint venture in Kazakhstan

KazMunayGas (KMG) and Eni have signed an agreement for an exploration and production concession in the northern Caspian Sea.

Dynamic receives Saudi Arabian license

Dynamic Industries International LLC received a license to operate from the Saudi Arabian General Investment Authority (SAGIA).

North Sea & Europe

Tullow finds no pay in PL 507 in North Sea

Tullow Oil plc did not encounter hydrocarbons in the Lupus exploratory well, 31/10-1, in the North Sea.

Exploring Greece with a new subsurface perspective

Images and data examples illustrate how the newly acquired Geo-Streamer data offshore Greece offers new insights, exhibiting promising indications of hydrocarbon plays. The improved fault imaging, ...

Centrica drills for more gas in North Sea Pegasus area

The jackup Noble Julie Robertson has spudded the Pegasus West exploration well in the UK southern gas basin for operator Centrica Energy.

UK Breagh gas field in line for further well frac operations

Drilling has started on the A08 production well for the Breagh Phase 1 gas development in the UK southern North Sea, according to partner Sterling Resources.

VNG discovers oil in Bue offshore mid-Norway

VNG Norge has proven more oil close to its Upper Jurassic Pil discovery in the Norwegian Sea.

Russia

Frontier study analyzes conditions for future E&P in Russian arctic

The Arctic Research and Design Center (a joint venture of Rosneft and ExxonMobil) has completed its 2014 Kara Sea winter expedition.

Lukoil performs oil spill exercise ahead of Baltic Sea drilling

Lukoil has staged an oil response exercise ahead of exploration and appraisal drilling offshore Russia in the Baltic Sea.

Russian/Azeri E&P venture launched

Rosneft and Azerbaijan’s state oil company SOCAR have signed a joint venture agreement.

Russian giants strengthen E&P ties

Gazprom and Lukoil have signed a general agreement for a strategic partnership that runs until 2024.

Sakhalin-1 partners outline LNG project goals

Rosneft and ExxonMobil have decided to extend their strategic agreement on implementation of the (Russian) Far East LNG project.

US & Gulf of Mexico

BOEM spells out GoM leases on offer in next sale

The Bureau of Ocean Energy Management plans to offer 21 million acres offshore Texas in a lease sale that will include all the available unleased areas in the Western Gulf of Mexico Planning Area.

Shell further defines Norphlet’s pay in the GoM

Shell has made a third major discovery through the Rydberg discovery in the Norphlet play in deepwater of the Gulf of Mexico.

UK Breagh gas field in line for further well frac operations

Drilling has started on the A08 production well for the Breagh Phase 1 gas development in the UK southern North Sea, according to partner Sterling Resources.

Inpex acquires additional interest in Lucius deepwater Gulf of Mexico project

Inpex Corp.’s subsidiary, Teikoku Oil (North America) Co., Ltd. has acquired an additional participating interest in the Lucius deepwater Gulf of Mexico project. 

Infield sees subsea market growth over next five years

The “Global Perspectives Subsea Market Report to 2018” by Infield predicts that capex in the segment will grow by 6.72% over the time span.