Latest News

  • Philippines
    Field SC 38 (SC38) (SC-38) Malampaya - Camago
    28 Aug 2015 - An offer by Manila to give the province of Palawan 10% of the royalties from the field has been rejected by provincial officials, who argue they should have 40% of the royalties.
  • Equatorial Guinea
    Offshore Unit *(Fortuna FLNG )
    28 Aug 2015 - Crondall Energy will provide Aker Solutions and Subsea 7 technical support for the two companies' competitive FEED bid for Ophir's Fortuna FLNG project.
  • USA - Gulf of Mexico
    Prospect Power Nap (Mississippi Canyon 943) (MC 943)
    28 Aug 2015 - Statoil and Shell are racing to develop the Power Nap structure that spans Mississippi Canyon block: MC 942, 943, 986 and 987 after failing to reach a unitization agreement.
  • *International
    Corporate Changes Maurel & Prom equity changes
    28 Aug 2015 - Maurel & Prom and MPI have unanimously approved principle of a merger between the 2 companies under a merger by absorption of MPI by Maurel & Prom. Merger is logical step in consolidation of the sector & would enable new company to benefit from reinforced financial capacity resulting from combination of significant cash flows from production in Gabon & Tanzania & dividends from Seplat in Nigeria.
  • *International
    Offshore Unit Ocean Valiant
    28 Aug 2015 - The first producer-injector pair of wells at the Solan Field off UK has been completed, with the semi close to completing a 2nd production well with a 2nd injector set to spud in Sep 2015.
  • Australia
    Permit L11 Beharra Springs (L-11) (EP 320)
    28 Aug 2015 - Following detailed analysis, tot gross 2P reserves plus contingent resources for the Waitsia, Senecio, Irwin & Synaphea finds are 721Bcf of gas.
  • Norway
    Field Snorre
    28 Aug 2015 - NPD fears the current production increase could undermine field’s long-term recovery levels, reactivating a contentious debate about whether or not Statoil & its partners should move forward with the $5B Snorre 2040 redevelopment plan, including the Snorre C new TLP project.
  • USA - Gulf of Mexico
    Field Santa Cruz South
    28 Aug 2015 - A recent find was made at the Santa Cruz South well, spudded in Mar 2015, has been completed in May 2015, but no results have been disclosed to date. It was permitted to PTD 14'200ft & was drilled in 6560ft WD by the semi Ensco 8505.