Rosneft and ExxonMobil today signed agreements to implement a long-term Strategic Cooperation Agreement concluded in August 2011 to jointly explore for and develop oil and natural gas in Russia and to share technology and expertise. The agreements were signed by Rosneft President Eduard Khudainatov; Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil [...]
April 17, 2012 | Posted in
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Read More » Lukoil, a Russian oil and gas exploration and production company, plans to spend approximately USD 100 million on exploration activities off the coast of Sierra Leone, AFP reports. Anatoli Katoshin, Lukoil vice-president told AFP “We are going to invest $100 million in the first phase of an oil exploration venture in the first quarter of [...]
WHL Energy Ltd, an ASX listed oil and gas company, has resolved to raise up to approximately $7.940 million through the placement of up to 180,450,000 ordinary shares at 4.4 cents per share to Australian and International institutions along with sophisticated and professional investors (“the Placement”). WHL Energy received very strong support for the Placement [...]
April 5, 2012 | Posted in
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Read More »Brazil’s HRT Participações em Petróleo S.A. has began discussions with leading oil companies to evaluate the possibility of entering into partnership in its world class Namibian exploration acreage. Through its wholly owned subsidiaries, HRT is the operator of ten exploration blocks in the Namibian offshore (and holds carried interest in two additional blocks) in the [...]
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Read More »FAR Ltd plans to raise $15.04 million, to fund offshore oil and gas exploration in East Africa off the Kenya coast. The funds will be raised through a placement of 280 million shares at 4.3 cents per share to raise up to $12.04 million and a Share Purchase Plan of up to $3 million to [...]
African Petroleum Corporation Limited, a West African focused oil and gas exploration company on Wednesday signed an agreement with the Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (“PETROCI”) and the Republic of Côte d’Ivoire to acquire one offshore exploration permit covering block CI‐509. The CI-509 block is located in the Western Offshore area of [...]
The Cyprus-based seismic specialist, SeaBird Exploration PLC, has appointed Nils Haugestad as Chief Financial Officer of the company effective April 1 2012. Mr. Haugestad has over 20 years experience in investment banking, principal investments and corporate strategy. He is joining the company from Fokus Capital Ltd. where he is a founding partner and Chief Executive [...]
The deep water geological basins offshore Namibia, including the Luderitz Basin, are at the early frontier stage of exploration. Although the presence of very large structures have been shown to exist from seismic surveys, very few wells have been drilled in the deeper water Namibian basins to date and the full hydrocarbon potential of the area has not yet been fully tested.
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The renewal of WA-360-P marks the start of the next phase in our Carnarvon Basin exploration program, MEO’s CEO and MD Jürgen Hendrich says.
March 8, 2012 | Posted in
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Read More » ![Sterling, Wintershall Win Exploration Licences in Dutch North Sea]()
Sterling Resources Ltd. on behalf of its wholly-owned subsidiary Sterling Resources Netherlands BV, announces the joint award of exploration licenses E3 and F1 in the Dutch North Sea. These licenses, covering 792 square kilometres (396 square kilometres per block), are located in the northern sector of the Dutch North Sea and have been awarded [...]
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