Worldwide Energy News

July 24, 2008

ExxonMobil; Petrobras contract deepwater rigs for work offshore Brazil
The impact Brazil's subsalt play will have on the worldwide deepwater rig market was illustrated in mid-July 2008 by contracts signed by Petrobras ... more

July 24, 2008

Gazprom moves to strengthen its position in Libya
Back in April 2008, Gazprom took further steps to strengthen its hold on natural gas supplies to Europe by signing a joint venture with Libya ... more

July 23, 2008

NIOC makes billion barrel oil find - Iran
Oil Minister Gholam Hossein Nozari has revealed a new oil field discovery in the hydrocarbon-rich province of Khuzestan containing in-place reserves ... more

July 23, 2008

Ascent Resources plc wins more acreage in Slovenia
Expanding its Slovenia asset base, Ascent Resources has signed a preliminary agreement for an 80% participation in the exploration of the East ... more

July 22, 2008

Bangladesh Government awards blocks to ConocoPhillips, Tullow
Although bid evaluation of the Third Licensing Round is still underway, it appears ConocoPhillips and Tullow Oil were successful participants. ... more

July 22, 2008

Venture tests Barbarossa appraisal for 40 MMcfg-d – United Kingdom
A sidetrack has been successfully drilled by Aberdeen–based Venture Production on the Barbarossa prospect in southern North Sea Block 47/9c. ... more

July 21, 2008

Faroese Government opens Third Licensing Round
The Ministry of Fishery and Natural Resources has opened the Third Faroese Licensing round, which offers some 38,405 sq km east, south and south-west ... more

July 21, 2008

Imperial Energy receives bid approach from ONGC - Russia
While Imperial Energy’s official line was to confirm that it has received a bid approach, but not name the potential bidder, it was left to the ... more

July 18, 2008

Premier declares oil shows in first high-impact well - Vietnam
Earlier in 2008 Premier Oil declared it had re-evaluated exploration targets in Block 12W in the Nam Con Song Basin and that its 2008 exploration ... more

July 18, 2008

Cirrus Energy Corp to begin exploration offshore Netherlands
With the company's first production just a few months away, Canadian start-up Cirrus Energy is now preparing to spud its first exploration well ... more

July 17, 2008

Venture Production plc acquires offshore assets from Wintershall - Netherlands
Announcing its second expansion deal in the Netherlands for 2008 and the eighth deal to be announced by the company so far this year, Venture ... more

July 17, 2008

StatoilHydro ASA makes gas discovery in Barents Sea - Norway
The summer drilling season has started off well for StatoilHydro, which has made a discovery on its Ververis prospect on PL 355. ... more

July 16, 2008

Melrose details plans and Southwest El Mansoura discovery - Egypt
Melrose Petroleum has achieved further success on its Southwest El Mansoura exploration block and is preparing to test the Ar Rub 1 wildcat. ... more

July 16, 2008

Pacific Rubiales Energy Corp to acquire Kappa Energy - Colombia
As part of an effort to become "the largest independent oil and natural gas company in the region," Pacific Rubiales Energy has reached an agreement ... more

July 15, 2008

Antrim makes Etive oil discovery at Causeway – United Kingdom
A significant oil column has been encountered in the Causeway field by Calgary-based Antrim Energy, including new pay in the Etive Formation. ... more

July 15, 2008

Lundin Petroleum AB finds oil and gas in Laganskiy block - Russia
One year after it was facing the withdrawal of the permit because of non-fulfilment of work commitments and environmental concerns, Lundin Petroleum ... more

July 14, 2008

ConocoPhillips signs for the Shah sour gas project – United Arab Emirates
Following on from the mid-February 2008 reports that ConocoPhillips was believed to have been declared the winner of the US$ 10 billion Shah ... more

July 14, 2008

Global Petroleum Ltd awarded Grenada acreage
Global Petroleum Group Ltd has been granted a hydrocarbon exploration and production license for 11 blocks totaling 7,450 sq km off the tiny ... more

July 11, 2008

Inpex still considering Darwin for Ichthys land facilities - Australia
Citing a complex series of “constraints that make project development and site approvals a challenging and increasingly uncertain process,” Inpex ... more

July 11, 2008

Gran Tierra Energy Inc testing Magdalena Basin wildcat - Colombia
It appears Gran Tierra Energy has had better luck at its second wildcat on the Rio Magdalena Association Contract (AC), a Middle Magdalena Basin ... more

July 10, 2008

Aurelian Oil & Gas confirms gas in Fratauti structure - Romania
Aurelian Oil & Gas says that Fratauti 2, the first of four planned wells in its Brodina Concession in Romania, has been completed as a gas production ... more

July 10, 2008

Wasco confirms new oil zone in Komombo block - Egypt
Wasco, a joint venture company comprised of Dana Gas PJSC (50%) and EGPC (50%), has announced a discovery from a new oil zone in the Komombo ... more

July 9, 2008

Canadian Superior encounters 61m of pay at Bounty – Trinidad & Tobago
The second wildcat being drilled by Canadian Superior on Block 5(c) in the Columbus Sub-basin has encountered about 61m of hydrocarbon pay in ... more

July 9, 2008

Noble Energy Mediterranean Ltd prepares for first well on Matan block - Israel
Noble Energy has contracted the Atwood Oceanics “Atwood Hunter” S/S to drill the Tamar 1 wildcat in the Matan (309) block in the fourth quarter ... more

July 8, 2008

Rosneft; Sinopec preparing for Sakhalin drilling operations - Russia
Announcing in May 2008 that it had extended the validity of the 5,300 sq km Sakhalin-3 Venin block, the Venineft joint venture is now moving ... more