Two of Scotland’s leading business angels are spearheading a new investment group aimed at unlocking the potential of existing companies in Scotland’s oil and gas sector, enabling them to maximise their value and move on to a higher level. London and Scottish Investment Partners (LSIP) will target established family firms and other SMEs which have [...]
RWE Dea has signed a farm-in agreement with PETRONAS Suriname E&P BV , acquiring a 40% interest in the licence Block 52 off the coast of Suriname. In doing so, RWE Dea will secure entry into the South American country with proven hydrocarbon potential. Under the farm-in agreement which is subject to completion, RWE Dea [...]
Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced today that Vice President of LNG Sales, Tor-Ivar Guttulsrod, will speak in the Strategy Roundtable of Floating LNG 2013, the world’s largest conference on floating LNG on Wednesday, June 12, 2013. Guttulsrod will be part of the Technical Panel, speaking on how [...]
May 21, 2013 | Posted in
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Japan’s INPEX has signed an agreement to acquire a 30% participating interest in exploration Area 15 (the Block) offshore Oriental Republic of Uruguay (Uruguay) from TULLOW URUGUAY LIMITED, a subsidiary of Tullow Oil plc (Tullow), an independent E&P company based in the United Kingdom. This is the first time for INPEX to participate in oil and gas exploration activities in [...]
Europa Oil And Gas has announced a farm-in agreement with a subsidiary of the independent oil and gas exploration and production company Kosmos Energy Ltd for its two Licencing Options LO 11/7 and LO 11/8 in the South Porcupine Basin offshore Ireland. Under the terms of the agreement, Kosmos will: * acquire an 85% interest and be [...]
Statoil has farmed down a 25 % working interest in its operated exploration licence offshore Mozambique to Japanese based INPEX Mozambique, Ltd., a wholly owned subsidiary of INPEX CORPORATION. The licence, which consists of two blocks, under one licence agreement, is located in areas 2 and 5 offshore Mozambique in the Rovuma basin. “The farm-down [...]
Valiant Petroleum has signed a farm-out agreement with RWE Dea UK SNS Limited (“RWE Dea”) with regard to its Handcross prospect located in the UK West of Shetland Licences P1631 Block 204/18b and P1832 Blocks 204/14c and 204/19c (“Handcross”). Under the terms of the agreement, RWE Dea will acquire a 20% working interest on a [...]
Japan’s FPSO builder Modec has announced that Mitsui, MOL and Marubeni today entered into definitive agreements to invest in a long-term charter business operated by MODEC for the purpose of providing a floating production, storage, and offloading system (FPSO) for use in Brazil. The offshore area is operator by Petrobras. Construction of the FPSO will involve the conversion of [...]
Australia’s FAR Ltd has announced a farm in agreement for its three blocks offshore Senegal in West Africa to Cairn Energy PLC, a major UK listed oil and gas company. Pursuant to the farm in agreement, which is subject to Senegalese Government approval, Cairn will operate and carry FAR through an exploration well expected to be drilled in [...]
Statoil has completed appraisal well 16/5-3 together with partners Petoro and Det norske oljeselskap. The well confirms that the Johan Sverdrup field extends into production license 502 and proves a small additional upside to the field’s resources. The discovery was proven by Lundin Norway AS in the autumn of 2010 in the central part of [...]
