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Greece’s oil and gas resources management company will launch a tender for licenses to drill in the respective blocks by the end of next month, aiming to conclude the procedure by the end of the year.
Rubicon Oilfield International, backed by Warburg Pincus, acquired the assets, people and operating business of Calgary, Alberta-based World Oil Tools for an undisclosed amount.
The Erawan gas concession, operated by Chevron Corp., and the Bongkot gas concession, operated by state-backed PTT Exploration and Production Pcl, will expire in 2022 and 2023, respectively.
The oil ministry proposed 102 blocks, comprising 93 in the Barents Sea and nine in the Norwegian Sea, despite calls from the Norway’s Environment Agency to remove about 20 blocks near Bear Island, an important nesting site for Arctic birds.
No economically viable discoveries have been made on the Faroese shelf, but the tiny nation hopes to entice energy firms to restart exploration as it shows them new geological data in London on June 21.
The project was due to start production as early as 2021 but has faced delays due to the ongoing ownership dispute between the FAR Ltd. and Woodside Petroleum.
Cenovus will replace CEO Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets from ConocoPhillips, though it failed to name a successor.
Schlumberger formed a JV with HEAL Systems, formerly Production Plus Energy Services, to develop the company's production optimization technology and business in the U.S. and Canada.
The tender was held about six months after the country’s successful deepwater auction and comes amid a shaky market recovery.
The deal with Covenant Testing Technologies divests a noncore asset while helping boost Key’s liquidity above $100 million.
Bellatrix Exploration is selling noncore assets to infuse capital into its Spirit River natural gas play in Western Canada's Deep Basin, the Calgary, Alberta-based company said.
Centrica said June 9 it would sell its 60% stake in its Canadian oil and gas E&P joint venture to a consortium for about 240 million pounds (US$305 million).