Stone Energy Corp., Lafayette, La., has agreed with Ensco PLC to cancel the contract for the Ensco 8503 dynamically positioned deepwater drilling rig that was operating in the deepwater Gulf of Mexico. Source: News
Tullow’s TEN project nears completion offshore Ghana
The Tullow Oil PLC-operated Tweneboa-Enyenra-Ntomme (TEN) project offshore West Africa is now 96% complete and expected to begin oil production within 3-6 weeks. Nearby offshore Ghana, the firm is developing a long-term oil offtake solution at Jubilee field following an issue with the floating production, storage, and offloading vessel’s turret bearing. Source: News
Rawson Resources picks up licenses onshore Papua New Guinea
Rawson Resources Ltd., Sydn, through subisidiary Dondonald Ltd. has entered into a share purchase agreement for Moira Ltd. Moira has 100% working interest in the onshore Papua New Guinea’s PPL 391 in the north New Guinea basin, which encompasses the Matapau oil seeps and several shallow wells targeting the shallow fractured basement. Source: News
Rawson Resources picks up licenses onshore Papua New Guinea
Rawson Resources Ltd., Sydn, through subisidiary Dondonald Ltd. has entered into a share purchase agreement for Moira Ltd. Moira has 100% working interest in the onshore Papua New Guinea’s PPL 391 in the north New Guinea basin, which encompasses the Matapau oil seeps and several shallow wells targeting the shallow fractured basement. Source: News
ExxonMobil confirms oil discovery in second well offshore Guyana
The Liza-2 well, drilled 120 miles offshore Guyana, encountered more than 190 ft of oil-bearing sandstone reservoirs in Upper Cretaceous formations, reported ExxonMobil Corp. unit Esso Exploration & Production Guyana Ltd. Source: News
ExxonMobil confirms oil discovery in second well offshore Guyana
The Liza-2 well, drilled 120 miles offshore Guyana, encountered more than 190 ft of oil-bearing sandstone reservoirs in Upper Cretaceous formations, reported ExxonMobil Corp. unit Esso Exploration & Production Guyana Ltd. Source: News
MARKET WATCH: NYMEX, Brent crude oil prices jump about $2/bbl
Light, sweet crude price for August jumped by more than $2/bbl June 29, marking the front-month’s largest single-session gain since early April while the September delivery price broke above $50/bbl as did Brent crude oil prices on the London market. Source: News
MARKET WATCH: NYMEX, Brent crude oil prices jump about $2/bbl
Light, sweet crude price for August jumped by more than $2/bbl June 29, marking the front-month’s largest single-session gain since early April while the September delivery price broke above $50/bbl as did Brent crude oil prices on the London market. Source: News
Harvest in new deal for Venezuelan assets
Harvest Natural Resources Inc. has reached an agreement to sell its Venezuelan interests and continues to seek a buyer for its remaining exploration and production holdings, which are in Gabon. Source: News
Harvest in new deal for Venezuelan assets
Harvest Natural Resources Inc. has reached an agreement to sell its Venezuelan interests and continues to seek a buyer for its remaining exploration and production holdings, which are in Gabon. Source: News