Search results for: Offshore Block

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  • 26 March 2014

    Myanmar has awarded 20 blocks to international oil companies as part of its Myanmar Offshore Blocks Bidding Round 2013. The Asian country’s energy ministry awarded ten shallow water blocks and ten deepwater blocks to the following oil majors: Statoil, Eni, Shell, Total,  ConocoPhillips, BG Group, and Woodside Energy. UK’s oil and gas producer BG Group, […]

  • 22 January 2013
    Business & Finance

    Neon Energy Limited has announced that the Company’s farmout of  Vietnamese exploration blocks 120 and 105-110/04 (“105”) to Eni Vietnam B.V. (“Eni”), a wholly owned subsidiary of Eni SpA, has received the full and final approval of Petrovietnam and the Government of Vietnam. The key commercial terms of the farmout are as follows: 1. Neon […]

  • 4 April 2018
    Business & Finance

    Oil company Shell has decided to divest its stake in an offshore block in Palestine. The company, through its affiliate BG Great Britain Limited, has reached an agreement with Palestine Investment Fund (PIF) to divest its entire interest and operatorship in the Gaza Marine license.  Gaza Marine license was Shell’s only project in Palestine. “This […]

  • 10 January 2018

    UK-based oil and gas company Tullow Oil has agreed terms to add six new licenses covering 28,000 sq km offshore Peru to its portfolio. 

  • 19 September 2014
    Business & Finance, Project & Tenders

    Petroceltic International plc has announced that a joint venture comprising Petroceltic and Edison International Spa was the successful bidder for the North Port Fouad Block, offshore the Nile Delta, in the Egyptian Natural Gas Holding Company 2013 International Bid Round. North Port Fouad (Block 7) is located offshore the Nile Delta and lies to the north […]

  • 20 January 2015

    In the Awards in Predefined Areas 2014, Statoil has been awarded interests in 15 licences on the NCS, 8 of those as operator. Today, the government has also announced the blocks in the 23rd concession round. “These are very positive news for Statoil and the whole industry. Access to new quality acreage is essential to […]

  • 4 March 2014
    Business & Finance

    Ophir Energy plc has entered into an agreement with WHL Energy, an Australian listed E&P company, to acquire a 75% operated interest in Blocks PEC-5B/1 and PEC-5B/2 located offshore to the south of the Seychelles Islands in the Indian Ocean. In exchange for the acquired interest, Ophir will repay back costs to WHL of US$4mn and […]

  • 30 October 2013

    Eleven oil companies have been awarded blocks in Gabon as part of the West African country’s licencing round. According to Reuters, the government has granted 13 blocks.  Once the third largest oil producer in Sub-Saharan Africa, the country is hoping to improve the declining oil output, as large oil fields have matured. According to Reuters, the […]

  • 11 August 2016

    The Australian government launched the 2016 Offshore Petroleum Exploration Acreage Release making 28 new areas available for bidding. The 2016 acreage release comprises areas located across five basins in Commonwealth waters offshore of the Territory of Ashmore and Cartier Islands and Western Australia. “The oil and gas industry is of high importance to the Australian […]

  • 25 February 2016

    China has issued a tender offering eighteen offshore blocks for exploration to foreign companies with half of those located in the Pearl River Mouth basin, in the South China Sea. The blocks cover an area of 52,257 km2 and are are available for cooperation between the national oil company CNOOC and foreign oil companies. Out of […]

  • 20 January 2012
    Business & Finance

    The Norwegian energy ministry has awarded Wintershall Norge A.S.A. working interests in seven new exploration licenses in the current licensing round, APA 2011. Wintershall will be the operator in 4 of the licenses. The awards comprise 4 new licenses in the Norwegian North Sea and 3 licenses in the Norwegian Sea for the BASF subsidiary. […]

  • 12 December 2013

    French oil company Total has signed an Exploration and Production Sharing Agreement (PSA) for offshore Block 41 with the government of the Sultanate of Oman. This PSA was awarded following the exploration round launched by the Omani government in November 2012.   Located off the Omani coast northwest of Muscat, Block 41 covers a large […]

  • 24 January 2013
    Project & Tenders

    Eni signed Exploration and Production Sharing Contracts with the Ministry of Commerce, Industry and Tourism of the Republic of Cyprus, for Blocks 2, 3 and 9 located in the Cypriot deep offshore portion of the Levantine basin, which encompass an area of around 12,530 square kilometres, thus marking the entry of Eni in the Country. […]

  • 25 December 2017

    Japan’s Inpex said it will give up the two offshore blocks in Indonesia as the current production sharing contracts for oil and natural gas expire at the end of the year. 

  • 25 September 2014
    Business & Finance, Operations & Maintenance

    Eni was the successful bidder of new exploration licenses in Egypt as a result of the competitive 2013 EGAS bid round. The new licenses will be formally awarded soon, after the ratification and finalization of the Concession Agreements. As a result of the EGAS bid round, Eni will become the operator of Block 9 and […]

  • 23 July 2019

    QP will acquire a share in three offshore blocks from Total and Eni

  • 29 May 2019

    Africa-focused oil company Azinam has completed the acquisition of an offshore block in the Orange Basin in South Africa, marking the company’s entry into the country.

  • 14 May 2014

    Neon Energy Limited has been awarded the WA-503-P offshore petroleum exploration permit, as Operator and 100% working interest holder, having successfully bid in the 2013 Australian Offshore Petroleum Exploration Acreage Gazettal. Block WA-503-P is located offshore Western Australia within the Dampier Sub-basin, inboard of the giant Northwest Shelf gas field complex and on trend with […]

  • 18 April 2013

    Malaysia’s state controlled oil and gas company Petronas yesteday issued a statement in response to media writings on the company’s possible acquisition of OGX ’s interest in the Tubarao Martelo oil block in Brazil’s Campos Basin. Petronas denied the media speculation saying: “Petronas has not entered into any agreement with OGX or any other party with […]

  • 27 September 2017
    Project & Tenders

    Canadian Overseas Petroleum Limited (COPL) has not to give up on the Liberian offshore oil and gas space after a recent duster with the Mesurado well in partnership with ExxonMobil. While the current production sharing contract (PSC) for LB-13 block with ExxonMobil and COPL – where the well was drilled –  was terminated effective September […]

  • 17 January 2012

    INPEX CORPORATION announced that through its subsidiaries, it has been granted the approval by , the national oil company of Malaysia, to acquire a 75% participating interest in the deepwater Block S, and a 37.5% participating interest in the deepwater Block R respectively, and both blocks are located offshore Sabah, Malaysia. In Block S, INPEX […]

  • 13 May 2013

    Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and  development company with a combination of producing and exploration assets in Europe, has announced that Irish Government consent has been received for the transfer of interest and operatorship (`Transfer’) for its two Licensing Options LO 11/7 and LO 11/8 (`Licences’), which cover approximately 2,000 […]