Chevron has finalized plans to start drilling a relief well to control the Funiwa Deep 1A well. The fire is still burning at the well, but continues to diminish. Based on the condition of the well, the safest way to control the well is to drill a relief well to kill the well at reservoir [...]
BG Egypt announced gas production had started on 30 January 2012 from the second stage of West Delta Deep Marine (WDDM) Concession Phase 7, representing another successful milestone in the phased development of WDDM. Managed by the Joint Operating Company (JOC) Burullus Gas Company S.A.E. (EGPC 50%, BG Group 25%, PETRONAS 25%), the second stage [...]
Aker Solutions, a global provider of turnkey engineering and construction solutions for new builds, maintenance and modifications for the upstream oil and gas industry, has signed a frame agreement with Tullow Ghana Limited to provide well intervention services for the oil company’s Jubilee and Tano deepwater fields offshore Ghana, West Africa. The initial contract period [...]
Pacific Drilling, a growing offshore drilling company that provides global drilling services to the oil and natural gas industry through the use of ultra-deepwater drillships announced today that the Pacific Scirocco drillship commenced operations offshore Nigeria on December 31, 2011. The drillship is contracted for an initial one-year term to a subsidiary of a French [...]
Hyperdynamics Corporation resumed drilling operations on the Sabu-1 exploration well yesterday, on January 29th, in its concession offshore the Republic of Guinea in West Africa. Drilling recommenced from a point 2,304 meters subsea, after it was suspended on January 23 due to the drilling equipment problems. The well is expected to encounter prospective upper Cretaceous [...]
Wentworth Resources Limited has reached an agreement with Cove Energy plc to acquire its 100% owned subsidiary, Cove Energy Tanzania Mnazi Bay Limited (“Cove Tanzania”). Cove Tanzania holds a 16.38% participation interest in the production operations (20.475% participating interest in exploration operations) in the Mnazi Bay Concession, Tanzania (“Mnazi Bay”). In exchange, the Company will [...]
Chevron Nigeria Ltd. is finalizing plans to commence drilling two relief wells to control the burning Funiwa Deep 1A well, offshore Nigeria. The fire is still burning at the well, but at a diminished rate. Based on the condition of the well, the safest way to control the well is to drill a relief well [...]
Reservoir Exploration Technology ASA (RXT) in November 2011 entered into LOI for 4D/4C seismic data in West Africa. Today the company confimed receiving a final contract award from Hess Equatorial Guinea, Inc. for an Ocean Bottom Cable survey on the Elon Field area of the Okume Field off the coast of Equatorial Guinea, West Africa. The [...]
Oil and gas industry leaders have forecast improved performance and higher levels of capital expenditure this year, despite concerns over global economic instability, according to a new report on the future of the sector. Increased investment across the industry will focus on exploration activity, with North America emerging as the area with the greatest opportunities [...]
CAMAC Energy Inc., a U.S.-based energy company engaged in the exploration, development and production of oil and gas, announced that it has entered into an agreement with the Gambian Ministry of Petroleum (on behalf of the Government of the Republic of The Gambia) on the provisional award of two offshore exploration blocks, A2 and A5, [...]
