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Results show the oil and gas industry still has interest in the Gulf of Mexico as market conditions improve.
A more than 50% fall in global crude prices since 2014 has triggered a wave of consolidation in the oilfield services industry, which has been battered by a sharp drop in service prices.
For CA$180 million cash, an undisclosed Calgary-based private company will acquire a portion of Pengrowth's Swan Hills assets in north-central Alberta.
The French oil major looks to strengthen its portfolio with the Iara and Lapa fields.
Fredriksen's private investment vehicle Seatankers bought the new West Mira rig from the Hyundai Samho Heavy Industries Shipyard for an undisclosed sum just one week ago, Reuters reported.
KrisEnergy hopes to begin initially producing about 8,000 barrels per day (Mbbl/d) of low-sulfur oil early next decade. But it first needs to find a partner to back the development, which is estimated at below $200 million, Reuters reported.
Eni and Total are in a consortium for one of the blocks and ExxonMobil and Qatar Petroleum have joined up for another. Eni will be on its own in a third block. The blocks were offered in the third licensing round held by Cyprus, Reuters reported.
The company also said it was selected alongside other companies to consult on a potential oil and gas pipeline between Iran and Oman, Reuters reported.
The Nigerian court case is the latest of several inquiries, following those by Dutch and Italian authorities, into the purchase of OPL 245, which could hold up to 9.23 billion barrels of oil, according to industry figures, Reuters reported.
Greece and a consortium led by France’s Total will sign a deal March 17 for deep sea gas exploration in one block in western Greece, an energy ministry official.
CNOOC Uganda Ltd. (CNOOC) will exercise its pre-emption rights under the joint operating agreements it has with Tullow and Total to acquire 50% of the interests being transferred to Total concerning acreage in Uganda, according to a news release.
The acquisition includes 69,143 net acres with current production of 8,500 barrels of oil equivalent per day jointly with and adjacent to Painted Pony's assets.