As part of concerted efforts to further transform the Nigerian Petroleum Sector, the Federal Government and the Republic of South Africa have signed a Memorandum of Understanding, MOU, in the oil and gas sector to reinforce and strengthen the existing win-win symbiotic relationship between the two largest economies in Africa. Speaking on the sidelines of [...]
May 20, 2013 | Posted in
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PA Resources has announced that the Carla South exploration well in Block I,in Equatorial Guinea, has encountered oil in good quality sandstones at the target level. The well will shortly be side-tracked to an adjacent target. The Carla South (I-7) exploration well, operated by Noble Energy, in Block I in Equatorial Guinea has reached a total [...]
May 2, 2013 | Posted in
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Iran started drilling four wells at the offshore section of the phase 1 of the South Pars gas field, IRNA quoted National Iranian Drilling Company official Mohammadreza Takaidi as saying. South Pars Oil and Gas Company will drill the wells within 280 days, he noted. The managing director of Pars Oil and Gas Company Mousa Souri [...]
Borders & Southern, the London based independent oil and gas exploration company, provides an update on its activities in the South Falkland Basin. The PGS vessel Ramform Challenger has completed the Company’s 3D seismic programme in the South Falkland Basin offshore the Falkland Islands. It acquired 1,025 square kilometres of full fold seismic data. The [...]
April 9, 2013 | Posted in
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Statoil and the partners in the Åsgard Unit have today decided to realise the Smørbukk South Extension project offshore Norway. Smørbukk South Extension holds estimated recoverable reserves of 16.5 million barrels of oil equivalent, and will be developed with a new subsea template connected to existing infrastructure in the area. The recovered gas will be reinjected [...]
March 20, 2013 | Posted in
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An important milestone was reached at the keel laying of hull number 2548 at Hyundai Heavy Industries in South Korea on 27 February 2013. The floating storage and regasification unit (FSRU) being built will be used as a floating LNG import terminal in Indonesia. The term of the contract with Perusahaan Gas Negara is 20 [...]
BG Group today announced that Fabio Barbosa has been appointed Chairman BG South America, reporting to Chief Executive Chris Finlayson, and has stepped down as Chief Financial Officer (CFO) and Executive Director for personal reasons. Barbosa has also stepped down as a member of BG Group’s Group Executive Committee and other committees. As Chairman of [...]
Australia’s National Offshore Petroleum Titles Administrator (NOPTA) has approved and registered the interests of Apache and JX Nippon in the WA-435-P and WA-437-P exploration permits following the farm out by Carnarvon and Finder Exploration Pty Ltd as disclosed to the market on 18 October 2012. Under the agreement, Carnarvon will assign 20% of its interest [...]
Borders & Southern, a London based independent oil and gas exploration company, provides an update on its assets in the South Falkland Basin. Since the completion of its 2012 drilling campaign the Company has undertaken a number of technical and commercial studies. Whilst a number of these studies are still in progress, some of the [...]
January 28, 2013 | Posted in
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The fifth well drilled following the execution of the Transfer of Rights Agreement has discovered good quality oil in the Sul de Tupi (Tupi South) area in the Santos Basin pre-salt, Brazil’s state-controlled oil company, Petrobras, has announced. Well 4-BRSA-1047-RJS (4-RJS-698), informally known as Sul de Tupi, is located south of Lula field, at a [...]
