Regional Reports

Africa

African Petroleum negotiating Côte d’Ivoire farm-out agreement

African Petroleum has signed a binding joint bidding agreement with an unnamed oil and gas company whereby that company would get a 45% operated in...

Mer Profond Sud partners preparing to drill in 2016

PA Resources says an exploration well will be drilled next year on the Mer Profond Sud concession offshore Republic of Congo (Brazzaville).

Sterling backs into prospective offshore Mauritania block

Sterling Energy (AIM: SEY) has agreed to acquire a 13.5% interest from operator Tullow Energy in the block C-10 concession offshore Mauritania.

Asia

Indonesia grants Pertamina share of Mahakam offshore block

Indonesia’s state-owned Pertamina, in concert with local governments, will become operator of the Mahakam block offshore East Kalimantan when existing contracts expire at the end of 2017.

Chevron sells offshore Vietnam holdings

Petrovietnam has acquired 100% of the shares of the Chevron companies with assets offshore Vietnam.

MEO, Brooke form Malaysia E&P partnership

MEO Australia (ASX: MEO) and Malaysia-based Brooke Dockyard & Engineering Work Corp. have signed an agreement to form a consortium.

Mirach teams up with Chinese contractors offshore Cambodia

Mirach Energy’s associated company CPHL Cambodia has signed a project cooperation agreement for block D offshore Cambodia.

OTC 2015: Aramco develops HT/HP, corrosion solutions for offshore gas projects

Aramco has issued an overview of its presentations during OTC week last month.

Australia & New Zealand

Browse JV partners sign gas supply terms

Woodside has received renewal offers for seven petroleum retention leases in the Browse basin offshore Western Australia.

Quadrant assumes control of Apache’s interests offshore Western Australia

The Macquarie/Brookfield-led consortium has completed its acquisition of Apache’s Western Australian business.

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.

Canada

Husky Energy begins oil production at South White Rose extension

Husky Energy has commenced production from the South White Rose project in the Jeanne d’Arc basin offshore Newfoundland and Labrador.

Nalcor delivers first Newfoundland and Labrador metocean findings

Nalcor Energy Oil & Gas has issued results of the first regional metocean study offshore Newfoundland and Labrador.

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.

Latin America

Petrobras reduces 2015-2019 spending plan

Petrobras has reduced its long-term spending plan to the lowest level in eight years. 

Sevan investigates charges against Brazilian operation

Sevan Marine ASA has hired the Selmer law firm to investigate the facts behind a report in Brazil that Sevan’s former manager and agent were involved in corrupt activities involving Petrobras.

Falling rig rates advantageous for drilling offshore the Bahamas

Bahamas Petroleum Co. has issued an update on its plans to start exploration drilling offshore the Bahamas.

Ultra-deepwater production set for steady growth, report claims

Analyst Douglas Westwood predicts oil and gas production from ultra-deepwater fields (>1,000m/3,281 ft) will grow 7.7% during 2015-2021.

Statoil awarded four licenses offshore Nicaragua

Statoil has secured operatorship of four frontier licenses offshore the Nicaraguan Pacific coast.

Offshore Drilling Technology eNewsletter

Weekly Report

Click here to subscribe to the free Offshore Weekly Report
Every week, Offshore Industry Update delivers the latest information on offshore oil and gas operations and deep offshore markets directly to your email inbox.

Middle East

Eni, KMG to co-operate Kazakh Caspian concession

KazMunayGas and Eni have finalized an agreement concerning the Isatay block in the Kazakh sector of the Caspian Sea.

New Mediterranean seismic set; offshore Egypt blocks bids due

The bid deadline for blocks offshore Egypt in the Mediterranean is next week. 

Partners receive extension for license offshore Israel

The Petroleum Commissioner at Israel’s Ministry of Energy and Water Resources has agreed to extend the validity of the Hannah/351 license until Sept. 14, 2015.

Leviathan resource estimate unchanged, Delek maintains

Delek Drilling and Avner Oil Exploration have responded to reports in an Israeli newspaper concerning assessment of the resources in the deepwater Leviathan gas/condensate field, operated by Noble ...

Partners declare offshore Cyprus gas field commercial

Delek Group says the Noble Energy Mediterranean-led partnership have submitted a declaration of commerciality for the block 12 Aphrodite gas reservoir offshore Cyprus.

North Sea & Europe

InfraStrata gets clearance for seismic survey offshore southern England

InfraStrata (AIM:INFA) has issued an update on its activities on license P1918 offshore Dorset on the southern English coast.

UK must adapt to lower oil price, says Michie

Oil & Gas UK CEO Deirdre Michie said the UK offshore oil and gas industry must become sustainable “in a world of $60 oil.”

Tellus, Wintershall agree to Norwegian license package transfer

Wintershall has agreed to sell interests in four fields in the Norwegian North Sea to Tellus Petroleum, the newly acquired subsidiary of Sequa Petroleum.

Petroceltic sells offshore Romania interests

Petroceltic International (AIM: PCI) has exited the Romanian sector of the Black Sea.

UKOG granted more time for offshore southern England drilling preparations

Britain’s government has extended the initial exploration phase of offshore Isle of Wight license P1916 to Jan. 31, 2017.

Russia

Rosneft outlines Russian Arctic investigations

Rosneft says its Kara-Winter-2015 scientific-exploratory program has been completed offshore northern 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.

US & Gulf of Mexico

US Supreme Court rejects appeals from BP, Anadarko on Macondo fines

The US Supreme Court has rejected appeals from BP Plc and Anadarko Petroleum Corp. and let stand the ruling by a US District judge in New Orleans that BP and Anadarko were automatically liable as c...

BOEM forms new advisory committee for offshore energy

The Bureau of Ocean Energy Management (BOEM) has agreed for the national academies to form a new committee on “environmental science and assessment for offshore energy and minerals resources.”

Shell Arctic Chukchi drilling clears another hurdle

The US Court of Appeals for the Ninth Circuit has upheld a lower court ruling that the Environmental Protection Agency’s approval of Shell’s oil spill response plan for drilling in the Beaufort and...

Mexico's first bidding round for shallow water closes

The Mexican National Hydrocarbons Commission (CNH) announced that several oil and gas companies enrolled to bid for Mexico's acreage in shallow water, kicking off the first phase of the country's b...

Bright spots remain amidst downturn

While low oil prices are casting a shadow over Gulf of Mexico E&P activity, work is moving ahead on several projects, and recent assessments of operators' safety records have received high marks.
Click to Visit the Offshore Learning Center