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27 February, 2017

Iran: Total in talks to buy stake in Iranian LNG project

Total is reported to be in talks to buy a multi-billion dollar stake in Iran's partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.

27 February, 2017

Kosmos Energy announces Q4 and full year 2016 results

Kosmos Energy has announced financial and operating results for the fourth quarter of 2016. For the fourth quarter of 2016, the Company generated a net loss of $56.7 million.

27 February, 2017

UK: Union Jack Oil announces £1.4 million placing

AIM-listed Union Jack Oil has raised approx. £1.4 million through a Placing. The Company, which is currently fully funded for its existing commitments, intends to utilise the proceeds of the Placing to increase its interests in existing licences within the Company’s portfolio.

27 February, 2017

Iraq plans offshore oil and gas exploration to boost reserves

Iraq is planning to start offshore oil and gas exploration to boost the OPEC nation's reserves, Oil Minister Jabar al-Luaibi said in a statement on Monday.

27 February, 2017

Equatorial Guinea extends bidding period for EG Ronda 2016 Licensing Round

The Ministry of Mines and Hydrocarbons of Equatorial Guinea has extended the official closing date of the EG Ronda Licensing Round to April 28, 2017, in response to a wave of new exploration interest.

27 February, 2017

Gabon: Total sells interests in mature fields to Perenco and optimizes its operations

Total has signed an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco.

27 February, 2017

Australia: AWE and Origin agree first gas sales term sheet for Waitsia Stage 2

AWE Limited, Operator of production licence L1/L2 located in Western Australia’s onshore Perth Basin, has announced that AWE and Origin Energy have agreed a non-binding term sheet with AGL Wholesale Gas for the first gas sale from Stage 2 of the Waitsia Gas Project.

27 February, 2017

Trinidad: LGO Energy announces Trinidad drilling update

LGO Energy has confirmed that Rig#18 has now been successfully mobilised to the Goudron field where it has been contracted to drill at least two infill wells to the Mayaro Sandstone reservoir.

27 February, 2017

Kazakhstan: Roxi Petroleum announces proposed merger in respect of the Company's Eragon assets

Roxi Petroleum has announced a proposed merger in respect of the Company's Eragon Assets. The Company has agreed to merge Roxi's and Baverstock's interests in Eragon, which holds an indirect 99% interest in the Company's principal asset, BNG.

27 February, 2017

Australia : Cooper Energy finalises development plan for Sole Gas Project, offshore Victoria

Cooper Energy has announced that the Sole Gas Project, in the Gippsland Basin, offshore Victoria, has now advanced to the final stage before commitment.

26 February, 2017

Peru: Baron Oil provides update on final assignment for Block Z-34

AIM-listed Baron Oil has announced that the Public Deed, the final document effecting the farm out to Union Oil & Gas Group ('UOGG') of the interest in Block Z-34 in Peru, has now been signed by the Central Bank of Peru.

26 February, 2017

UK: Sparrows Group secures five year contract with Maersk Oil

Sparrows Group has secured a five year contract to deliver hydraulic, lifting and rigging services for Maersk Oil’s UK floating assets, comprising the Global Producer 3 (GP3) and Gryphon FPSO’s and the new Culzean FSO.

26 February, 2017

Canada: Husky considering sale of Eastern Canada assets

Canadian oil and gas producer Husky Energy is considering reducing its stakes in some of its Eastern Canadian offshore assets, in a move that could fetch several billion dollars, according to a Reuters report.

25 February, 2017

Lundin's IPC files preliminary prospectus in Alberta, Canada and plans share repurchase

In connection with the previously announced proposed reorganisation and spin-off by Lundin Petroleum of its assets in Malaysia, France and the Netherlands into International Petroleum Corporation ('IPC'), the Company has filed a preliminary prospectus with the Alberta Securities Commission in Canada.

25 February, 2017

Norway: ExxonMobil receives consent to extend lifetime of the Sigyn field facilities

Norway's Petroleum Safety Authority has granted ExxonMobil consent to extend the lifetime of the Sigyn field until 2022. Production at Sigyn, a gas and condensate field in the Sleipner area of the North Sea, was originally expected to end in 2017.

25 February, 2017

US: BOEM publishes Proposed Notice of Sale for potential Cook Inlet Lease Sale

The Bureau of Ocean Energy Management (BOEM) on Friday announced it plans to offer approx. 1.09 million acres in Cook Inlet off Alaska’s southcentral coast in a proposed lease sale this year.