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26 May, 2017

UK: Alpha Petroleum and GE Oil & Gas to partner on North Sea’s Cheviot oil field

Alpha Petroleum, which is backed by upstream oil and gas investment firm Petroleum Equity, has announced an agreement with GE Oil & Gas to partner on the advancement of the subsea infrastructure for the Cheviot oil field, one of the largest undeveloped fields in the UK North Sea.

26 May, 2017

Namibia: Galp awarded Kudu Basin licences offshore Namibia

Namibia's Ministry of Mines and Energy has awarded two new exploration licenses -PEL 82 and PEL 83 - to Galp Energia in the Kudu Basin, offshore Namibia.

26 May, 2017

New Zealand: TAG Oil announces successful Cheal-E8 exploration well

TAG Oil has announced the successful drilling and flow testing of the Cheal-E8 exploration well, which will be tied-in to TAG Oil’s existing infrastructure as a permanent producer.

26 May, 2017

UK: Independent Oil and Gas announces preliminary results for Y/E 31 December 2016.

Independent Oil and Gas, the development and production focused oil and gas company, has announced its preliminary results for the Year Ended 31 December 2016. The Company is delivering its gas hubs strategy in the UK Southern North Sea prioritising core assets and acquisition opportunities.

26 May, 2017

Senegal: Cairn Energy spuds FAN South-1 deepwater exploration well offshore Senegal

JV partner FAR Limited reports that the Cairn Energy-operated Senegal Joint Venture has commenced drilling the FAN South-1 exploration well to test the South Fan Prospect. The well is the first pure exploration well to be drilled offshore Senegal since the discovery wells of FAN-1 and SNE-1 in 2014.

26 May, 2017

UK: InfraStrata announces placing to raise £130,000

AIM-listed InfraStrata, the independent gas storage company focused on the UK and Ireland, has announced a placing to raise £130,000 (before expenses) to provide additional working capital.

26 May, 2017

Colombia: Interoil preparing to test Vikingo-1 exploration well in LLA-47 in Colombia

Norway's Interoil Exploration and Production reports that the Vikingo-1 well in LLA-47 has been drilled to TD and has encountered oil shows. The Company is currently preparing to test the well.

26 May, 2017

Canada: TGS and PGS announce fourth 3D seismic project offshore Eastern Canada

TGS and PGS have announced the fourth 3D seismic project offshore Eastern Canada for 2017. Long Range 3D will cover open acreage which will be included in the November 2018 licensing round under Newfoundland and Labrador's Scheduled Land Tenure system.

26 May, 2017

Australia: Cue Energy grants extension to BP's option to farm-in to the Ironbark Prospect in WA-359-P

Cue Energy has granted BP an extension of the option to acquire 42.5% equity in WA-359-P. Cue remains actively engaged with International companies for the farm out of further equity in the permit to form a Joint Venture with BP and drill the Ironbark Prospect in 2018.

26 May, 2017

Nigeria's Senate passes long-awaited oil governance bill

Nigeria's Senate passed a long-awaited oil governance bill on Thursday which the president of parliament's upper chamber said would improve transparency in the OPEC member's energy industry and stimulate growth in the sector.

25 May, 2017

Oil plunges 5 percent on disappointment with OPEC cuts

Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March.

25 May, 2017

Nigeria: Eland Oil & Gas provides update on Opuama field production

AIM-listed Eland Oil & Gas has announced that Elcrest Exploration and Production Nigeria, Eland's joint venture company, has now completed its export of crude through shipping and has commenced the transportation to its pre-existing export facility.

25 May, 2017

UK: UKOG commences operations at Broadford Bridge-1, PEDL234 Licence, Weald Basin, UK

UK Oil & Gas Investments (UKOG) has announced that the drilling rig and key equipment necessary to drill the Broadford Bridge-1 ('BB-1') Kimmeridge Limestone well in PEDL234 in the Weald Basin are now on site and drilling is expected to commence shortly.

25 May, 2017

Brazil: Petrobras will not bid for all eight pre-salt areas, CEO says

Petrobras does not have the means to bid for all eight pre-salt exploration areas as well as the 14th round of oil rights auctions, Chief Executive Pedro Parente said on Thursday.

25 May, 2017

Greece: Energean signs agreement for Aitoloakarnania block, onshore Western Greece

Energean Oil & Gas has signed a Lease Agreement with the Greek government for the exploration and exploitation of hydrocarbons at the Aitoloakarnania block, onshore Western Greece.

25 May, 2017

Wood Group signs long-term global agreement with Hess

Hess Corp has signed a non-exclusive 10-year global agreement with Wood Group to provide engineering, project management, construction, commissioning, operations & maintenance, integrity management, subsea, and decommissioning services.

25 May, 2017

Brazil: Petrobras to exercise priority rights in Brazil oil auctions

Brazil's state-controlled oil company Petrobras will exercise its preferential rights in two offshore pre-salt oil auctions scheduled for this year, the company said in a statement on Thursday.

25 May, 2017

Oman: Eni signs MoU with Oman Oil Company to explore oil and gas opportunities in Oman

Oman Oil Company, the Sultanate’s investment arm in the energy related sectors, and Eni have finalized a Memorandum of Understanding (MoU) to explore cooperation opportunities in the oil and gas sector. Eni and Oman Oil have also been granted exploration rights in Block 52, located offshore Oman.

25 May, 2017

UK: EnQuest announces operational update - Kraken on track for June start-up

EnQuest is on track to achieve first oil from Kraken in the UK North Sea before the end of June and to deliver on its production, unit opex and capex targets for 2017.

25 May, 2017

Malaysia: Octanex to drill Ophir field development wells

Octanex has advised that the NAGA 2 self-elevating mobile offshore drilling unit will shortly commence mobilisation to the Ophir oil field, offshore Peninsular Malaysia, where it will embark on a three-well development drilling campaign.