Regional Reports

Africa

TEN project cleared to proceed following maritime dispute ruling

Côte d’Ivoire has failed to block exploration and development in a disputed maritime zone shared by neighboring Ghana, according to Tullow Oil.

Sterling, Cameroon government differ over Ntem license status

Sterling Energy (AIM: SEY) has issued a further update on Ntem concession offshore Cameroon.

Chariot reviews offshore Morocco operations after Woodside declines Rabat Deep operatorship

In a review of its offshore Morocco operations, Chariot Oil and Gas Ltd. (LON:CHAR) said that Woodside has elected not to take operatorship and fun...

Asia

Ophir assumes operatorship of deepwater Indonesia PSCs

Ophir Energy has completed acquisition of four deepwater production-sharing contracts offshore Indonesia from Niko Resources.

KrisEnergy gears up to spud Rayrai exploratory well in Gulf of Thailand

KrisEnergy has announced that the Key Gibraltar jackup has commenced drilling of the Rayrai-1 exploratory well in block G10/48 in the Gulf of Thailand.

Myanmar awards deepwater offshore tracts to Reliance, Eni

Reliance Industries Ltd. and Myanmar Oil & Gas Enterprise have signed production-sharing contracts for offshore Republic of the Union of Myanmar blocks M17 and M18. 

Woodside to explore four blocks offshore Myanmar

Woodside has signed a production-sharing contract covering blocks AD-2, AD-5, A-7, and A-4 offshore Myanmar.

Mubadala issues notice of default to NGP

Tap Oil Ltd. has announced that operator Mubadala Petroleum gave notice to Northern Gulf Petroleum Pte. Ltd. that it is in default under the terms of the G1/48 Joint Operating Agreement, which cove...

Australia & New Zealand

IPB gets program variation approval for offshore Australia

IPB Petroleum has reached the secondary term of its WA-424-P exploration permit offshore Australia in the Browse basin, receiving approval for a variation on the work program.

Australia grants deferral of Breakwater well commitment

The National Offshore Petroleum Titles Administrator has approved an application by the partners in the WA-454-P permit offshore Western Australia to extend their exploration program.

Carnarvon updates Phoenix oil studies offshore Australia

Independent technical advisor DeGolyer and MacNaughton has completed its report into recoverable oil in the Apache-operated Phoenix 3D area offshore Western Australia.

Woodside completes acquisition of Apache’s Wheatstone share

Woodside has completed the Wheatstone LNG and Balnaves oil project acquisition from Apache Corp. for $2.817 billion.

New Zealand specifies offshore tracts available for bidding

New Zealand has opened its 2015 petroleum exploration permit bidding.

Canada

Governments advance emerging plays in Eastern Mediterranean, North Atlantic

Basins in the eastern Mediterranean Sea are of increasing interest following the discovery of deepwater gas offshore Israel. However, some of the newly-licensed areas could be more prospective for ...

Suncor gains licenses offshore Newfoundland

Suncor Energy has received new exploration licenses off the east coast of Newfoundland under a joint bid.

TGS signs LOA for 2D surveys over Mexico, US Atlantic

TGS has signed a letter of award (LOA) with SeaBird Exploration to acquire up to 300,000 km (186,411 mi) of 2D seismic data offshore Mexico and in US Atlantic waters.

Suncor eases back on eastern Canada commitments

Suncor Energy says it plans a $1-billion reduction in its capital spending program this year.

Woodside secures farm-in offshore Nova Scotia

Woodside Petroleum has finalized an agreement with BP to farm in to 20% of various offshore blocks in Nova Scotia’s Scotian basin.

Latin America

Argentina sues Falkland operators

Argentina is suing oil and gas operators drilling near the Falkland Islands, according to a report from the Associated Press.

Noble lines up Rhea well following Falklands farm-in

Noble Energy and Edison International have farmed into Argos Resources’ license PL001 in the offshore North Falkland basin.

BG outlines Caribbean well, seismic plans

BG Group has issued an update on its exploration programs offshore central and South America.

Mexico may extend contract periods on shallow-water leases

The initial exploration contracts for Mexico expected to go up for bids later this year will have extended exploration periods. 

Wood Mackenzie reviews Mexico’s Round One leasing terms

Looking at Mexico’s Round One shallow water Gulf of Mexico leasing opportunities, Wood Mackenzie has noted that there are nine shallow-water fields with a total of 356 MMboe of 2P reserves. 

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Middle East

Noble scales back offshore Israel license commitments

Noble Energy Mediterranean has opted to exit a joint operating agreement for the Ruth C/360 license offshore Israel.

Eni inks $5-billion Egypt investment accord

Eni CEO Claudio Descalzi has signed a heads of agreement with Egypt’s Minister of Petroleum and Mineral Resources Sherif Ismail.

Delek subsidiaries contest offshore Israel gas payments

Delek Group has issued details of a claim filed by its subsidiaries Delek Drilling and Avner Oil Exploration against the State of Israel for the return of overpayments of royalties.

Israel approves two offshore license extensions

The Israeli Petroleum Commissioner of Energy and Water Resources has extended the validity of two offshore licenses, according to Delek Resources.

Subsea intervention set to grow

Demand for subsea well intervention will remain high over the next five years, according to analysts Douglas-Westwood.

North Sea & Europe

MOL agrees to terms for Ithaca Norway division

Ithaca Energy has agreed to sell Ithaca Petroleum Norge to Hungary’s MOL for $60 million, subject to approval from Norway’s government.

Deepwater Black Sea gas opens competition, analyst claims

Wood Mackenzie suggests recent deepwater developments in the Black Sea, notably ExxonMobil/OMV Petrom’s play-opening 2.5-tcf Domino discovery in the Romanian sector, could have a major impact on th...

AziNor takes charge of UK North Sea license

AziNor Catalyst has completed the acquisition of license P.1946, covering block 15/12a in the UK central North Sea, from Stavanger Petroleum.

Norway launches latest APA license round

The Norwegian Ministry of Petroleum and Energy has opened the APA 2015 licensing round, comprising pre-defined areas with blocks in the North Sea, the Norwegian Sea, and the Barents Sea.

BaSEC group to collaborate on Barents Sea exploration issues

Statoil, Eni Norge, Lundin Norway, OMV, and GDF SUEZ will collaborate to address operations tied to exploration in the Barents Sea.

Russia

Rosneft to explore Azov Sea

Rosneft says it is preparing to drill the Geologicheskaya-1 well in the Temryuksko-Akhtarskiy license in the Azov Sea.

Gazprom Neft, PetroVietnam strengthen ties

Gazprom Neft and Vietnam Oil and Gas Group (PetroVietnam) have signed a series of agreements to extend their collaboration.

Caspian region operators to rein in costs, report claims

Wood Mackenzie says the combination of the low oil price and Russia’s economic issues will make this a year of great uncertainty for the Caspian region.

Gazprom Neft expands Arctic presence

Gazprom Neft subsidiary Gazpromneft Sakhalin has received subsoil-use rights to two license blocks in the Russian Arctic.

More topsides head to V. Filanovsky in Caspian Sea

LUKOIL says transportation has started of the topsides for the riser block to the Vladimir Filanovsky field development in the Russian sector of the Caspian Sea.

US & Gulf of Mexico

Congressional members urge increased OCS energy access

Members of the US Congress urge increased access to energy resources on the outer continental shelf. 

CERAWeek 2015: Federal lease sale plans could be reduced

The current US federal five-year plan for offshore oil and gas leasing could see cuts in sales before it is finalized, Interior Secretary Sally Jewell told attendees at CERAWeek 2015.

CERAWeek 2015: ExxonMobil CEO discusses exports and the US Arctic

Global production of light naphtha, an essential steam-cracker feedstock for the production of gasoline and numerous chemicals, is increasing and could create a global surplus that exceeds market d...

CERAWeek 2015: Analyst discusses state of the oil and gas market, economy

With oil prices still low, and many oil and gas companies laying off thousands, the oil downturn is marking a significant turning point in the energy industry, a panelist discussed Monday at IHS En...

North Carolina governor calls for Atlantic offshore exploration

North Carolina’s governor Pat McCrory has called for offshore energy exploration during testimony to a Congressional Committee hearing on US President Obama’s Offshore Energy Plan.