Lundin Energy Norway AS, operator of production licence 533 B, has concluded the drilling of wildcat well 7219/11-1. The well was drilled about 40 kilometres southwest of the Johan Castberg field, 35 kilometres northwest of the 7220/11-1 (Alta) oil/gas discovery and 225 kilometres northwest of Hammerfest. The exploration target for the well was to prove […]

 Oil and Gas Development Company Limited (OGDCl) as operator (95%) and Government Holdings (Pvt) Limited (5%) has discovered gas & condensate from its exploratory well Sial-1, which is located in district Hyderabad, Sindh Province.  The structure of Sial-1 was drilled and tested using OGDCl’s in house expertise. The well was drilled down to the depth […]

Neptune Energy and its joint venture partners bp and JAPEX, has announced drilling has commencement of drilling activities on the Seagull project in the UK Central North Sea. The Gorilla VI (JU-248) jack-up rig, operated by Valaris, will drill four wells for the development over the course of the drilling campaign which is expected to […]

BP has agreed to sell a 20% participating interest in Oman’s Block 61 to PTT Exploration and ‎‎Production Public Company Limited (PTTEP) of Thailand for a total consideration of $2.6 billion. ‎Following completion of ‎the sale, bp will remain operator of the block, holding a 40% interest.‎ ‎Subject to approval from the Sultanate of Oman […]

Eni announces the successful award of a new Production Licence, resulting from an application made in the 32nd UK Offshore Licensing Round. The Licence, named P2511, covers an area of approximately 340 square kilometres and is located approximately 250 km offshore UK in the Northern North Sea in a water depth ranging from 100 to 130 […]

TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S according to Reuters.  President Joe Biden revoked the project’s presidential permit, the company said in an email to employees. Biden’s decision to cancel the permit is seen as the project’s death […]

U.S. President Joe Biden’s promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuter’s interviews with executives. But smaller independent oil drillers without the resources of big corporations were more worried about Biden’s vow […]

Eni announces that Vår Energi, jointly owned by Eni (69.85%) and HitecVision (30.15%), has been awarded 10 exploration licenses in the “Awards in Predefined Areas 2020” (APA) in Norway. San Donato Milanese (Milan), 19 January 2021 – Eni through Vår Energi, jointly owned by Eni (69.85%) and by HitecVision (30.15%), will participate in a total of […]

Norwegian semi-submersible rig owner Dolphin Drilling has secured as new contract with Ineos Energy on the Norwegian continental shelf. The work is scheduled to commence during the third quarter of 2021, and is for the drilling of the Fat Canyon well in the Norwegian Sea. The company will be utilising 1977-built rig Borgland Dolphin and the […]

Equinor has been awarded 17 new production licences by Norway’s Ministry of Petroleum and Energy in the 2020 Award in Predefined Areas (APA) – 10 licences as operator and 7 licences as partner. “We are pleased about the awards that will be an important supplement to our exploration portfolio and form the basis for future […]