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Falcon to reduce working interest in Shenandoah South pilot

Tue, 26 Mar 2024 11:43:00 GMT

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Falcon will retain a 10% working interest in the enlarged area of around 72,000 acres surrounding the pilot and also retains an additional A$16.67m ($11m) of gross carry that will be used to offset the costs related to the pilot in 2024

Tyra gas hub restarts production after major redevelopment project

Mon, 25 Mar 2024 13:51:00 GMT

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The Tyra redevelopment is the largest project on the Danish Continental Shelf, which involved the installation of eight new platform topsides, two jackets, and six bridges, reusing 98.5% of the materials recovered from the retired installations

Archer to provide drilling services for Trident’s assets offshore Brazil

Wed, 13 Mar 2024 10:47:00 GMT

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Archer will provide complete platform drilling services, including well interventions for regulatory requirements, workover, and drilling operations, along with well maintenance and drilling facilities engineering for Trident Energy’s offshore assets in Brazil

Challenger Energy formally secures Area Off-3 licence offshore Uruguay

Tue, 12 Mar 2024 12:08:00 GMT

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The company was awarded the licence in June last year, under the Open Uruguay Round process, after receiving final regulatory approvals, and will operate the AREA OFF-3 block for four years

Petronas signs PSCs for two DRO clusters offshore Peninsular Malaysia

Thu, 29 Feb 2024 11:24:00 GMT

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The Malaysian oil and gas company awarded the BIGST Cluster to PETRONAS Carigali and JX Nippon Oil & Gas Exploration (BIGST), and the Tembakau Cluster was awarded to IPC Malaysia and IPC SEA Holding

MCF Energy to buy production and exploration licences in Czech Republic

Tue, 27 Feb 2024 11:12:00 GMT

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The acquisition includes three production licences and three exploration licences, which hold valuable reserves, provide scope for immediate production, and have further exploration potential to strengthen Europe’s energy security

ExxonMobil weighing offers for Argentine shale assets

Mon, 26 Feb 2024 13:13:00 GMT

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The American energy company’s assets in Argentina include stakes in seven oil and gas blocks in Vaca Muerta, which is said to be the second-largest shale gas reserve in the world and fourth biggest for shale oil

Acacia’s Benchmark Energy to acquire upstream assets in Texas, Oklahoma

Wed, 21 Feb 2024 11:07:00 GMT

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Benchmark’s acquisition will add more than 140,000 net acres, comprising around 470 producing wells in the Western Anadarko Basin across Texas and Oklahoma, along with non-operated interest in the undeveloped Cherokee play

OGDCL makes gas-condensate discovery in Pakistan’s Sindh province

Tue, 20 Feb 2024 10:10:00 GMT

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The Kharo-1 exploration well, which was drilled in the Khewari exploration license area in Khairpur district, has confirmed a gas flow rate of 14.3MMSCFD and a condensate flow rate of 93bpd following testing procedures

Gabon Oil to acquire Carlyle’s Assala Energy for $1.3bn

Mon, 19 Feb 2024 11:07:00 GMT

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After a military coup in Gabon, the national oil company sought to exercise its pre-emptive right on the acquisition of Assala Energy, which supersedes Carlyle’s previous agreement with French oil and gas company Maurel & Prom