Anadarko Petroleum Corporation today announced its third major natural gas discovery this year in the Offshore Area 1 of Mozambique’s Rovuma Basin at the Lagosta prospect. The discovery well encountered a total of more than 550 net feet of natural gas pay in multiple high-quality Oligocene and Eocen
Noble Energy, Inc. announced that it received notice from the government of Ecuador regarding the termination of the Block 3 production sharing contract (PSC) with EDC Ecuador Ltd., a subsidiary of Noble Energy. A recently enacted hydrocarbon reform bill required that all existing PSCs be renegotiat
Greenland announced today that Maersk Oil has been awarded a licence covering Block 9 in Baffin Bay, offshore West Greenland. The frontier exploration block is 11,802 sq km – about one fourth of the total size of Denmark. Nunaoil, Greenland’s national oil company, will be a partner with a 12.5% inte
Buccaneer Energy Limited announces that its executive team has made a series of presentations to the Alaskan Industrial and Development Export Authority (“AIDEA”) and directly to the AIDEA board in respect to AIDEA making a direct equity investment into the Company’s wholly owned subsidiary Kenai Of
Endeavour International Corporation today announces that its chief executive officer William L. Transier and chief financial officer Michael J. Kirksey are scheduled to present at two upcoming investor conferences: * The Canaccord Genuity Global Energy Conference in Miami on Tuesday, November 30, 20
Statoil and its consortium partners – Shell and GDF Suez – have been awarded two large exploration blocks in the Baffin Bay bid round in West Greenland. Shell will be the operator of both blocks. Blocks 5 and 8, where Greenland’s national oil company Nunaoil will have a carried interest during the e
BP announced that it has entered into an agreement to sell its interests in Pan American Energy (PAE) to Bridas Corporation. PAE is an Argentina-based oil and gas company owned by BP (60 per cent) and Bridas Corporation (40 per cent). Bridas Corporation will pay BP a total of $7.06 billion in cash f
Sterling Resources Ltd. announces that approval has been received from the Dutch authorities to transfer to Sterling interests in five licenses within the F-Quad and L-Quad areas offshore Netherlands. With this license transfer process completed Sterling Resources Netherlands BV will hold a 50 perce
Royal Dutch Shell PLC said it has plans to limit the effect on wildlife from exploration in the Beaufort and Chukchi seas off Alaska … [mappress] Source:National Post, November 25, 2010;
Wood Group, the international energy services company, among others, has been selected by Eni to provide long term engineering services to support Eni’s Australian assets, including Blacktip, Woollybutt and the upcoming Kitan development. Work will be performed at Wood Group’s Perth and Darwin offic
Santos today announced the final investment decision approving development of the Wortel gas project, located offshore Madura Island in the Sampang PSC, East Java, Indonesia. Wortel is the next project in Santos’ East Java near-field development strategy and adds to the company’s existing producing
DONG Energy has decided – together with the operator Hess and the licence partners – to develop the Danish North Sea field South Arne. DONG Energy’s share of the investment amounts to about DKK 2.5 billion (USD 445 Million). The development’s expected commercial reserves is about 15 million barrels
Hydratight’s expertise has won the company a four-year service and maintenance contract for three of Shell’s major North Sea facilities. Hydratight will handle maintenance and shutdown operations at Shell’s St Fergus gas plant at Peterhead in Aberdeenshire, the Mossmorran fractionation plant on the
Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces that the Sapele-1 exploration well drilling in the Douala Basin, offshore Cameroon has encountered further log evaluated pay in the Miocene reservoir objective. This pay is in addition to that encountered at the
