Redtail oil discovery : ExxonMobil and its partners have pulled off their 18th discovery in the Stabroek Block in Guyanese water following the drilling of the Redtail-1 well. The latest oil discovery in Guyana adds to the previously announced estimated recoverable resource of over eight billion oil-equivalent barrels in the Stabroek Block. According to ExxonMobil, […]
Africa Oil, a Canadian oil and gas company, has secured license extension from the Kenyan government for Blocks 10BB and 13T. As per the terms of the extension, the joint venture partners, which includes Tullow Oil, hold the right to extend the second exploration period for the 10BB and 13T licence blocks until 31 December […]
Kosmos Energy has signed a deal worth up to $200 million with Dordtsche Petroleum Maatschappij (Shell), a fully-owned subsidiary of Royal Dutch Shell, to farm down interests in a portfolio of frontier exploration assets in Africa. The consideration for the US oil and gas company is made up of an upfront payment of nearly $100 […]
Norwegian oil and gas giant Equinor has awarded a contract worth around $51 million to Noble Drilling Norway for the use of its Noble Lloyd Noble drilling rig for a three-well campaign at the Valemon field in the Norwegian North Sea. The contract for which work will begin from 2021 summer includes an option for […]
French oil and gas giant Total said that it has stepped down as operator for five offshore exploration blocks in the Foz do Amazonas Basin in Brazil. In this connection, Total had notified its partners on 19 August regarding its resignation from operatorship of the FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127 blocks. Total has also […]
Whitecap Resources has signed an all-stock deal worth around CAD155 million ($118.6 million) to acquire rival Canadian oil and gas company NAL Resources from a fully-owned subsidiary of Manulife Financial. NAL Resources has oil and gas assets across Alberta and Saskatchewan and is presently producing nearly 27,000 boe/d, of which 55% is oil and natural […]
Total said that it has signed a new memorandum of understanding (MoU) with the Mozambican government to provide security for the $20-24 billion Mozambique LNG project in the country in the wake of terror threats. The French oil and gas giant, which is the operator of the LNG project through its subsidiary Total E&P Mozambique […]
Danish drilling rig operator Maersk Drilling has bagged an additional one-well contract worth around $21.6 million from Aker BP for deploying its low-emission Maersk Integrator jack-up rig at the Ula field in Norwegian waters. The Maersk Integrator rig will undertake the drilling of the Ula F – Producer 1 well under the contract, which has […]
Barron Petroleum has claimed to have made one of the largest hydrocarbon discoveries in the Permian Basin in Texas through the drilling of the Sahota Carson 20BU #1 well. The Texas-based oil and gas company said that the new discovery well in Val Verde County is estimated to hold 417 billion cubic feet, or 74.2 […]
Qatar Petroleum has signed a farm-in deal with Angolan national oil company Sonangol and Total to acquire a 30% stake in Block 48 contained in the ultra-deep waters of Angola. According to Qatar Petroleum, Block 48 offers a drill-ready opportunity, which spans an area of nearly 3,600 square kilometers. Drilling in the offshore Angolan block […]