Category Archives: Offshore Ocean News and Information

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Nigerian regulator revokes six licenses

Nigeria’s Department of Petroleum Resources has revoked five oil mining leases and one oil prospecting license. It cited “noncompliance with statutory regulatory obligations” and said it was acting under a “presidential directive on recovery of legacy debts.”

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MARKET: NYMEX oil prices rise nearly $1/bbl

Light, sweet oil for July gained 91¢ on the New York market June 6 to settle at $52.59/bbl while the Brent contract for August climbed by $1.04 to settle at $61.67/bbl in London, which analysts attributed to progress in US-Mexico talks about border security. US President Donald Trump said, “Progress was made,” but he also…

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Santos confirms Dorado’s size with appraisal well

A joint venture of Santos Ltd. and Carnarvon Petroleum Ltd. has confirmed a “major” oil and gas discovery with the Dorado well, drilled in the Bedout subbasin about 160 km offshore Port Hedland, Western Australia.

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Gazprom, Shell forming Russian venture

Gazprom Neft and Royal Dutch Shell PLC have agreed to form a joint venture for development of oil and gas fields in the Yamalo-Nenets Autonomous Okrug of northwestern Russia.

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IHS Markit: Canadian oil sands production growth to slow

Canadian oil sands production growth is slowing, yet total production is expected to reach nearly 4 million b/d by 2030—nearly 1 million b/d more than current levels—according to a 10-year production forecast by IHS Markit. The business information provider expects average year-on-year supply additions will be less than 100,000 b/d in the coming decade. By…

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ExxonMobil, partners to redevelop Angola Block 15

ExxonMobil Corp. and its partners reported they will invest more into Block 15 offshore Angola to increase production by an additional 40,000 b/d as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas, and Biofuels.

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Angola to offer 10 blocks in bid round

Angola’s new licensing agency will offer 10 oil and gas blocks in the first of several auctions it plans in a 6-year strategy. Paulino Jeronimo, chief executive officer of the National Agency of Petroleum, Gas, and Biofuels (ANPG) said at a conference in Luanda that tendering will begin in October.

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East Med due second Turkish drillship

Turkey will increase its controversial drilling in the Eastern Mediterranean when Turkish Petroleum AO launches a second drillship in July. Energy and Natural Resources Minister Fatih Donmez said at a Ramadan fast-breaking dinner that retrofit of the Yavuz drillship, formerly the Deepsea Metro I, is nearly complete, according to the Daily Sabah newspaper.

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CAPP: Oil, gas investment should double

The Canadian Association of Petroleum Producers seeks federal support for a doubling over the next 4 years of now-slumping investment in Canada’s oil and gas industry. The group made conditions supporting such a recovery part of wish list for the next Canadian government. Elections are scheduled Oct. 21.

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Cooper Energy signs gas sales agreements with AGL

Cooper Energy Ltd., Adelaide, has signed natural gas supply agreements with Sydney distributor and retailer AGL Energy Ltd. for production from Cooper’s Sole field offshore Gippsland basin and its Casino Henry operations in the offshore Otway basin.

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