Exploration ///
ANPG, the national concessionaire for Angola, holds mineral rights for the exploration, development and production of liquid and gas hydrocarbons. The blocks, which are all considered frontier, currently have no hydrocarbon production.
Tullow Oil has made its first discovery in its Orinduik license offshore Guyana, exceeding pre-drill forecasts and paving the way for more exploration wells in the near future.
"Occidental sees great value and opportunity in the excellent Western Midstream asset base and is committed to value-enhancing opportunities for both companies," said Vicki Hollub, president and CEO of Occidental.
Kurt Abraham, World Oil
Activity may pick up to near-record levels in the next several years, as the province continues to encourage technical innovation.
Talos Energy reported successful drilling operations in its Bulleit and Orlov prospects in the Green Canyon deepwater Gulf of Mexico block as part of its second quarter 2019 earnings results.
Under the agreement, RigNet will continue to provide Managed Communication Services including VSAT technology and RigNet’s Gulf of Mexico 5GE network and the fleet-wide rollout of RigNet’s global multi-band LTE service.
Occidental Petroleum is selling bonds to help finance its $38 billion acquisition of Anadarko, as debt issuers show faith in Tuesday’s market rebound.
Capricorn Norge AS completed drilling the first exploration well in Norway’s production license 842, about 13 kilometers northeast of the Norne field.
Malaysia’s state-owned oil company has signed an agreement with Gabon for two exploration permits after the African country enacted a new oil law last month, the government said in a statement citing Noel Mboumba, Gabon’s petroleum minister.
Focusing on offshore Guyana and Bakken shale opportunities is paying off for Hess, who foresee significant production expansion in the coming years.
Recent resumption of exploration programs puts Brazil on track to be one of the world's leading oil producers over the next 10 years, said Felipe Kury, director of Brazil’s National Petroleum, Natural Gas and Biofuels Agency.
Several factors will combine to make it difficult for U.S. and Texas E&P activity to grow during the last six months of 2019, said Karr Ingham, economist for the producers’ association, Texas Alliance of Energy Producers.
Occidental and Ecopetrol entered into definitive agreements to form a joint venture to develop 97,000 net acres of Occidental’s Midland Basin properties in the Permian Basin.
The Norwegian Petroleum Directorate has granted ConocoPhillips Skandinavia AS a wildcat drilling permit for well 25/7-7, to be drilled from the Leiv Eiriksson drilling facility.
The Israeli Ministry of Energy has awarded 12 new offshore blocks in Israel’s Exclusive Economic Zone in its second license round, adding British companies Cairn and Soco to an international roster of oil and gas companies operating in the country’s waters.
Shell’s Appomattox project, located in the Gulf of Mexico about 80 miles south of New Orleans, is the first high temperature project to gain BSEE approval and begin production.
ION Geophysical announced a new 3D multi-client reimaging program offshore Denmark, aligned with the Danish Energy Agency's objective to boost exploration activity by providing a modern, affordable 3D depth-imaged data set.
Equinor and partners Lundin and Spirit Energy have made a small oil discovery in production licence 167 at the Utsira High in the North Sea.
Nigeria, Africa’s biggest oil producer, could attract more U.S. investment if the oil and gas sector becomes less opaque and a fuel-price peg is removed, according to a U.S. official.
INPEX has reached an agreement with Anadarko to acquire a 40% participating interest in Keathley Canyon blocks 921 and 965, as well as Walker Ridge blocks 881 and 925 in the US Gulf of Mexico.