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Quantifying the value of information: a case study from Neuquén Basin, Argentina

NEOS GeoSolutions and Palantir Solutions recently co-hosted a Lunch & Learn workshop in Calgary. The topic: how to quantify the value of information. NEOS acquires and simultaneously interprets multiple geological, seismic, non-seismic, and geochemical dataset ...

Anxiety turns to fear: Markets, energy, Pan and the Zeitgeist

The characteristic feeling of the post-2008 world has been one of anxiety. Occasionally, that anxiety breaks out into fear as it did in the last two weeks when stock markets around the world swooned and middle class and wealthy investors had a sudden visitatio ...

African Petroleum Corporation announces second quarter 2015 interim financial results

Highlights Binding joint bidding agreement signed with a large London listed oil and gas company on licence Block CI-513 in Côte d'Ivoire. Completion of the transaction is subject to negotiation and entry into commercial agreements Advanced farm-out disc ...

Central Petroleum completes acquisition of 50% interest in Mereenie Oil and Gas Field, assumes operatorship

Central Petroleum Limited (ASX:CTP) announced that the acquisition by Central of a 50% interest in the Mereenie Oil and Gas Field has been completed today and accordingly Central has assumed operatorship of that field from Santos. Mereenie is considered the l ...

New World Oil and Gas announces unaudited interim results for H1 2015

New World Oil and Gas Plc, an oil and gas exploration and development company, announces its unaudited interim results for the six months ended 30 June 2015. Chairman's Statement The oil industry as a whole continues to experience turbulent times and it appe ...

Faroe Petroleum announces acquisition of Roc Oil, increasing interest in Blane Field, UK

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the conditional acquisition of Roc Oil (GB Holdings) Limited, which holds a 12.5006% i ...

Trinity Exploration sells non-core Gaupo-1 block for $2.8 million

Trinity, an independent E&P company focused on Trinidad and Tobago, today announces that as part of the ongoing review process it is divesting a non-core asset. Oilbelt Services Limited, a fully owned subsidiary of Trinity, has signed a Sale and Purchase Agree ...

Rosneft provides 2015 half-year report

On August 31, 2015 Rosneft publishes consolidated IFRS financial results for Q2 2015. In commenting the results of H1 2015, I.I. Sechin, Chairman of Rosneft Management Board, said: 'The period of H1 2015 was characterized by high fluctuation of oil price an ...

Falcon Oil & Gas announces encouraging results of first Beetaloo well, Kalala S-1

Falcon (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC) is pleased to announce that drilling operations have successfully concluded on the Kalala S-1 well. Results encountered are very encouraging, with the well drilled to a total depth of 2,619 meters. Preliminary evaluat ...

Rockhopper Exploration commences sidetrack well at Guendalina gas field

Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean and North Africa region, is pleased to announce that operations to drill a sidetrack well have be ...

Northcote Energy achieve 340 boepd during 24 hour test of first Shoats Creek well, USA

Northcote is pleased to announce test results for the Lutcher Moore #20 well (LM #20) at Shoats Creek Field, Beauregard Parish, Louisiana in which it owns a 93% working interest, of 260 barrels of oil and 500 mcf of natural gas per day (or 340 barrels of oil e ...

Maersk Oil awards Subsea 7 $150 million contract offshore UK

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil with a value in excess of USD 150 million for the Culzean development. The ultra-high pressure, high temperatu ...

Monday, August 31, 2015

Largest field discovered in UK North Sea for 10 years approved for development

The development of the largest new field discovered in the UK North Sea for a decade* has been approved by the UK Oil & Gas Authority. The Maersk Oil operated high pressure, high temperature (HPHT) Culzean field in the UK Central North Sea is expected to produ ...

Eni discovers a supergiant gas field in the Egyptian offshore, the largest ever found in the Mediterranean Sea

Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery could hold a potential of 30 trillion cubic feet of lean gas in place covering an area of about 100 square kilometres. Zohr is the largest gas ...
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