Category Archives: Offshore Ocean News and Information

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Equatorial Guinea names bid-round winners

Equatorial Guinea’s Ministry of Mines and Hydrocarbons expects offshore production-sharing contracts to be signed by Sept. 15 by six bid-round winners announced at the Africa Oil & Power conference in Cape Town, South Africa.

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Joint venture to explore Oman’s offshore Block 52

Oman’s Ministry of Oil and Gas has granted Eni SPA and Oman Oil Co. SAOC (OOC), the Sultanate’s energy investment arm, exploration rights for Block 52, a 90,000-sq-km area in 10-2,000 m of water offshore Oman.

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Tullow finds net oil pay with Emekuya-1 well in Kenya

Tullow Oil PLC’s Emekuya-1 well, drilled on Block 13T of northern Kenya, has encountered 75 m of net oil pay in two zones.

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Offshore rig market recovery emerging

Trends signaling a rig market recovery have emerged this year. Rig contracting activity and utilization are up, asset values are up, and first-quarter crude oil benchmark prices held relatively stable.

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TGS planning its second Permian seismic project of 2017

TGS-NOPEC Geophysical Co. ASA is set to launch its West Lindsey 3D multiclient seismic survey covering a minimum of 190 sq miles predominantly in Reeves County, Tex., southwest of the West Kermit 3D project launched earlier this year.

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Vesta to spur Joffre Duvernay development

Privately held Vesta Energy Corp., Calgary, will accelerate development of light-oil properties in the shallow Joffre Duvernay shale oil play of central Alberta with proceeds of an equity financing round.

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BSEE extends offshore oil, gas development deadline to a full year

The US Bureau of Safety and Environmental Enforcement extended the deadline for offshore oil and gas operators to coordinate their operations and retain their federal leases from 180 days a full year.

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Northern Petroleum gets Italian licenses

Northern Petroleum PLC is reviewing potential for redevelopment of two suspended fields in Italy in a package of onshore licenses it is acquiring from Rockhopper Exploration PLC. Both companies are based in London.

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Statoil takes over Great Australian Bight permits, program from BP

Norway’s Statoil ASA has committed to continue the deepwater offshore exploration program in the Great Australian Bight that was vacated by BP PLC late last year.

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