Oil rose in London after Libya suspended its obligation to deliver supplies from 11 oil fields amid clashes between guards and Islamist militants. Prices gained in New York as inventory growth at the largest U.S. storage hub slowed.
DUBAI -- Polarcus has received an award from an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus' RightBAND technique for broadband data acquisition.
Tullow Oil Plc, an energy explorer in Africa, fell to a one-month low in London trading after saying Ghana could be ordered to suspend drilling in an offshore area where it operates.
Maersk Drilling has been awarded a contract from Eni Ghana Exploration and Production Ltd., an Eni subsidiary, for employment of the newbuild drillship Maersk Voyager.
Kosmos Energy’s CB-1 exploration well, in the Cap Boujdour permit area offshore Western Sahara, has encountered hydrocarbons. The well penetrated approximately 14 m of net gas and condensate pay in clastic reservoirs over a gross hydrocarbon bearing interval of approximately 500 m. The discovery is non-commercial, and the well will be plugged and abandoned.
Egypt, with Africa’s third-largest reserves of natural gas, plans to receive its first cargo of foreign liquefied fuel next month, a government official said.
Oil traded near $60/bbl in London after the first weekly decline in a month as Libya restarted a crude pipeline after a fire and Oman said it will increase production by as much as possible.
STAVANGER, Norway -- Sub Sea Services and Astican Shipyard in Las Palmas, Canary Islands, have signed a business development agreement to serve the West Africa region.
VAALCO Energy has announced first production from Etame 10-H, the second development well drilled from the newly installed Etame platform, offshore Gabon.
Taipan Resources has started an arbitration action against East African Exploration (Kenya) Limited, a wholly owned subsidiary of Afren Plc.
CAMAC Energy has completed its onshore 2D seismic acquisitions on Blocks L-1B and L-16 in Kenya.
The Reggane Nord consortium, which includes RWE Dea, has commenced development drilling at the gas project in the Algerian Sahara.
Chevron’s wholly owned subsidiary, Chevron Mauritania Exploration Ltd., has reached an agreement to acquire a 30% non-operated working interest in blocks C8, C12 and C13 offshore Mauritania from Kosmos Energy.
HOUSTON -- The oil and gas industry’s leading magazine for upstream technology and activity, World Oil, forecasts a sharp drop in drilling, both in the U.S. and internationally, as a direct result of plunging crude oil prices. In its 89th annual forecast and review, World Oil predicts an average WTI oil price of $55.75/barrel (bbl), while Brent will be $58.80/bbl. A Henry Hub natural gas price of $3.35/MMBtu is expected.
Eni, Vitol and GNPC have signed, with the President of Ghana and the Minister of Petroleum, an agreement to proceed with the OCTP integrated oil and gas project in Ghana.
Eni has announced a new discovery of oil and gas in the West Melehia deep exploration prospect, located in the Melehia license, in the Western Desert of Egypt.
MILAN, Italy -- Eni obtained a three-year extension from the Angolan authorities to the exploration period of the prolific Block 15/06, located in Angola’s offshore, approximately 350 km north-west of the capital Luanda and 130 km east of Soyo town.
SCHIEDAM, Netherlands -- SBM Offshore has received a formal Production Readiness Notice (PRN) for N’Goma FPSO from client Eni, operator of Block 15/06 on behalf of the JV which also includes Sonangol Pesquisa e Produção, SSI Fifteen and Falcon Oil Holding Angola.
MILAN, Italy -- Eni has signed two concession agreements for the North Leil and Karawan blocks offshore Egypt, following the Egyptian Natural Gas Holding Company 2013 international bid round.
HOUSTON -- ION Geophysical has signed an agreement with the Puntland Petroleum and Minerals Agency (PPMA) to complete a multi-client 2D regional seismic survey offshore Putland, Somalia.