Category Archives: Offshore Ocean News and Information

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Santos acquiring 3D survey off Western Australia

Santos Ltd., Adelaide, and its joint venture partner Carnarvon Petroleum Ltd. have started a 3D seismic survey over the Dorado, Roc, Roc South, and near-field prospects in the Bedout subbasin offshore north-western Western Australia.

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Philippines rescinds farmout-farmin ban

The government of the Philippines has lifted a 13-year-old ban on farmouts and farmins by the state oil company.

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PetroTal advances Bretana oil field development

PetroTal Corp., Calgary and Houston, has received approval of the environmental impact assessment (EIA) to fully develop Bretana oil field on Block 95 in Peru. The company enhanced production from the field’s first well to 2,000 b/d of oil late last year following the installation of oil well pump and water treatment and reinjection facilities.

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CNRL agrees to buy Devon’s Canadian assets

Canadian Natural Resources Ltd. will increase its crude oil production capacity by 128,300 b/d before royalties with the purchase of Devon Canada for $3.775 billion (Can.) cash. Devon Energy announced early this year its plan to shed Canadian operations and natural gas production to focus on US oil.

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MARKET WATCH: Crude oil prices rise on US rig count

Oil prices climbed May 28 for a second trading session with light, sweet crude oil for both the July and August contracts settling above $59/bbl as traders returned after a long Memorial Day weekend.

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Norway opens mature-area license round

Operators interested in exploring mature areas offshore Norway may apply to the National Petroleum Directorate (NPD) for petroleum production licenses until midday Aug. 27. The Ministry of Petroleum and Energy opened the Awards in Predefined Areas (APA) 2019 round on May 29 and announced the addition of 90 blocks.

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Interior secretary to defer leasing near Chaco Canyon

US Interior Sec. David L. Bernhardt agreed to defer oil and gas leasing near Chaco Canyon in New Mexico following a visit with tribal leaders in the area, US Sen. Martin T. Heinrich (D-NM) reported.

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California congressional Dems protest BLM’s leasing plans

Thirty-four Democrats on California’s congressional delegation, including Sens. Dianne Feinstein and Kamala D. Harris, expressed their strong opposition to the US Bureau of Land Management’s plans to open more than 2 million acres of land in the state to new oil and gas development.

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Qatar Petroleum lets contract for the North field project

Qatar Petroleum has let the front-end engineering design contract for the North field expansion project’s offshore pipelines and topsides facilities to McDermott Middle East Inc.

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TransGlobe Egyptian strike due on stream

TransGlobe Energy Corp., Calgary, plans to bring its South Ghazalat (SGZ)-6X discovery in Egypt’s Western Desert on production at an initial rate of 1,000 b/d of 34° gravity crude oil in this year’s fourth quarter under a newly approved develop lease.

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