Regional Reports

Africa

Gambia grants Erin offshore exploration extension

Erin Energy Corp. (NYSE MKT:ERN) has received approval to extend the initial exploration period for blocks A2 and A5 in Gambia by 24 months to Dec....

AziNam gains operatorship offshore Namibia

AziNam Ltd. has received government approval for it to assume operatorship of petroleum exploration licence (PEL) 34 offshore Namibia. It has also ...

AGR to drill ultra-deepwater well offshore the Comoros

AGR and SP Offshore Energy Services have entered into a memorandum of understanding under which AGR will provide a range of exploration services an...

Asia

Vietgazprom prepares for deepwater drilling offshore Vietnam

Gazprom says its joint venture with PetroVietnam, Vietgazprom, expects to spud the first deepwater exploration well offshore Vietnam later this year.

Mubadala looks to build on Malida discoveries offshore Thailand

Tap Oil has issued an update on exploration plans for some of its concessions offshore Thailand and Western Australia.

Talisman nearing outline plan for CRD offshore Vietnam

Talisman Energy aims to finalize a development plan by mid-year for the CRD oil and gas discovery in block 07/03 in the Nam Con Son basin offshore southern Vietnam, according to partner PanPacific ...

KrisEnergy completes Gulf of Thailand exploration well

KrisEnergy has encountered oil in the Rayrai-1 exploratory well in the G10/48 license, located in the Gulf of Thailand, where the company is developing the Wassana oil field.

Ophir assumes operatorship of deepwater Indonesia PSCs

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

Australia & New Zealand

Rex joins MEO in prospective permit offshore Western Australia

MEO Australia (ASX: MEO) has completed the farm-out of 30% of the WA-488-P exploration permit offshore Western Australia to a subsidiary of Rex International Holding.

Australia announces 2015 Offshore Petroleum Exploration Acreage Release

Australia has launched its 2015 Offshore Petroleum Exploration Acreage Release. 

MEO Australia accepts two permit renewal offers

MEO Australia Ltd. has accepted an offer from the National Offshore Petroleum Titles Aministrator to renew the AC/P50 and AC/P51 exploration permits for a further five years.

Pushing ahead to explore Australia's last offshore frontier

Exploration drilling is set to recommence this year in South Australia's Great Australian Bight with companies such as BP, Statoil, Chevron, Bight Petroleum, Santos, and Murphy Oil committing more ...

Mubadala looks to build on Malida discoveries offshore Thailand

Tap Oil has issued an update on exploration plans for some of its concessions offshore Thailand and Western Australia.

Canada

Canada-Nova Scotia calls for offshore exploration tract bids

The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) has issued Call for Bids NS15-1 covering nine parcels on the central to western Scotian margin.

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.

Latin America

Bahamas moves closer to Petroleum Act

The Bahamian House of Assembly is reviewing a Petroleum Bill and associated regulations and a Sovereign Wealth Bill. 

Chariot, AziLat cancel Brazil farm-out plans

Chariot Oil & Gas Ltd. (AIM: CHAR) has terminated a farm-out agreement with AziLat Ltd. on the BAR-M-292, BAR-M-293, BAR-M-313, and BAR-M-314 licenses in the Barreirinhas basin offshore Brazil.

OTC 2015: Brazil touts 13th Bid Round plans

The Brazilian Minister of Mines and Energy Eduardo Braga has chosen the Offshore Technology Conferenced to announce the 13th Bid Round for oil and gas exploration in Brazil.

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.

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Middle East

IOEC to commission four platforms for South Pars phases 17, 18

Iranian Offshore Engineering and Construction Co. (IOEC) plans four satellite platforms for phases 17 and 18 of the South Pars gas field development in the Persian Gulf.

Wintershall pulls out of Qatar

Wintershall has decided to cease activities in Qatar and will relinquish offshore block 4 North near the North field.

DEA reduces share of offshore Egypt gas project

DEA Deutsche Erdoel has farmed down its stake in the $12-billion West Nile Delta gas project in the Egyptian sector of the Mediterranean Sea to operator BP.

Israeli utility commits to more gas from Tamar

Delek Group says the partners in the Tamar gas field offshore Israel will increase supplies to Israel Electric Corp.

Qatar seeks bids to operate al-Shaheen offshore oil field

Qatar’s state-owned oil company is soliciting bids to operate the offshore al-Shaheen field.

North Sea & Europe

UK, Norway could benefit from falling costs, analyst claims

Wood Mackenzie expects capital and operating costs in the UK and Norway’s upstream sectors to decrease steadily this year in response to lower oil prices.

Partner search continues for Barryroe offshore Ireland

Providence Resources says an agreement with a proposed farminee into its Barryroe field offshore southern Ireland is being held up by financial arrangements.

Atlantic to exit Norwegian Sea license

Atlantic Petroleum has decided to relinquish its 7.5% stake in license PL602 in the Norwegian Sea.

Atlantic set to exit Pegasus in North Sea

Third Energy Offshore Ltd. has agreed to acquire Atlantic Petroleum’s interests in various licenses in the UK southern North Sea for £16.5 million ($25.4 million).

Hurricane reviews options for Lancaster area development west of Shetland

Hurricane Energy has issued an update on its discoveries and nearby prospects west of Shetland in the UK far north.

Russia

Lundin to resume appraisal of Morskaya in Caspian Sea

Rosnedra, the Russian licensing authority, has issued a production license for the Morskaya field within the Lagansky block in the Russian sector of the Caspian Sea.

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.

US & Gulf of Mexico

Halliburton, Transocean settle certain remaining Macondo claims

Halliburton and Transocean have settled claims left from the 2010 Macondo oil spill in the Gulf of Mexico.

Alaska awards seven Cook Inlet tracts

The Alaska Division of Oil and Gas received a total of eight bids from three bidders on seven offshore tracts in the Cook Inlet.

BOEM grants Shell GoM conditional approval for offshore Alaska drilling

The Bureau of Ocean Energy Management (BOEM) has given Shell Gulf of Mexico Inc. conditional approval to to start drilling for oil off the Alaskan coast this summer.

OTC 2015 exclusive: BSEE chief discusses SEMS audits, new reporting initiative

Bureau seeks industry input on SEMS implementation, KPIs

OTC 2015: NETL highlights blowout, spill model

At the Offshore Technology Conference in Houston, researchers and scientists from the US Department of Energy's National Energy Technology Laboratory (NETL) were on-hand to discuss the Blowout and ...
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