DEO Petroleum plc, the oil and gas development and production company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, announces that the amalgamation agreement to combine the Licence P218 Block 15/21a Gamma Sub Area (“Gamma”) and Block 15/21g (“Spaniards”) areas has been finalised. The parties to the agreement will now effect [...]
January 15, 2012 | Posted in
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Read More » African Petroleum Corporation Limited, an oil and gas company focused on exploration in West Africa region, has entered into an agreement with PETROCI and the Republic of Côte d’Ivoire to acquire one offshore exploration permit covering block CI-513 (“Permit”). The block is located in the Western Offshore area of Côte d’Ivoire, with a total surface [...]
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Northern Petroleum, an oil and gas explorer and producer, operating in areas of low risk, has been awarded part blocks 98/13 and 98/14 in the UK 26th Licensing Round. The new licence is located offshore adjacent to Northern’s Isle of Wight onshore licence, PEDL 240, awarded in May 2008. The part blocks 98/13 and 98/14 [...]
CAMAC Energy Inc. a U.S.-based energy company engaged in the exploration, development and production of oil and gas in West Africa and China, today announced that it has signed a heads of agreement (“HOA”) to acquire one hundred percent of the issued share capital of Avana Petroleum Limited, a private Isle of Man company [...]
January 2, 2012 | Posted in
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Two new bodies will begin work on 1 January 2012 in Australia, bringing greater consistency and efficiency to offshore petroleum regulation in Commonwealth waters – and potentially billions of dollars of benefits for the economy according to a press release on the Australian Governments’ website. The creation of the National Offshore Petroleum Safety and Environmental [...]
Tangiers Petroleum Limited has taken the opportunity to accelerate its Moroccan exploration program. The Company has reached agreement with Polarcus Samur Ltd to immediately commence an approximate 677 km2 3D seismic acquisition programme within its Tarfaya Block. This campaign will further delineate the areal extent of the structures for 3 of Tangiers most significant prospects [...]
December 19, 2011 | Posted in
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Nido Petroleum Philippines Pty Limited, as Operator of Service Contract 54A and Service Contract 54B announce the successful completion of the combined SC 54A Lawaan/Libas and SC 54B Pawikan 2D seismic surveys on 10 December 2011 . Nido’s partners in SC 54A are Yilgarn Petroleum Philippines Pty Ltd (a wholly owned subsidiary of Kairiki Energy [...]
December 15, 2011 | Posted in
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Lundin Petroleum AB (Lundin Petroleum) announces that it recently spudded the Bertam-2 appraisal well in the PM307 Production Sharing Contract (PSC) area, offshore Peninsular Malaysia. Bertam-2 is planned to be drilled to a total depth of 1,888 metres by the jack-up rig “Offshore Courageous”. The objectives of the well are to appraise and test the [...]
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway, provides operational update following completion of the transaction with Petoro AS (“Petoro”), to swap Faroe’s interest in the Maria discovery for Petoro’s interests in a number of high quality [...]
December 5, 2011 | Posted in
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African Petroleum Corporation Limited has been awarded two Exploration Permits in Senegal over two offshore blocks: Rufisque Offshore Profond and Senegal Offshore Sud Profond. African Petroleum Corporation Limited , a West African focused oil and gas exploration company, has been awarded two offshore exploration permits in Senegal covering two blocks: Rufisque Offshore Profond and Senegal [...]
