Development on the blocks offshore Angola had been complicated by a dispute between Sonangol and Cobalt, which until recently was the operator of the blocks and owned a 40% stake in them.

BHP reiterated it expected bids for its U.S. shale assets by June and added that transactions could be announced in the first half of the 2019 financial year.

Interior Secretary Ryan Zinke said on April 17 he will not lower royalty rates for offshore oil and gas lease sales "at this time" despite a recommendation from an advisory panel to do so.

Egypt will auction 10 or 11 oil and gas exploration blocks in the Mediterranean, petroleum minister Tarek El Molla said on April 17.

Spartan, which is a southeast Saskatchewan oil and gas producer, has annual production of about 23,000 barrels of oil equivalent per day.

Iraq had initially set June 21 as the date to open the bids for the new blocks, located in border areas with Iran and Kuwait, and in offshore Gulf waters.

Ghana will launch its first exploration licensing round in the last quarter of this year offering about six offshore blocks, deputy energy minister Mohamed Amin Adam said.

Cobalt’s US Gulf Of Mexico Bankruptcy Auction Pulls In $578 Million

The largest winning bid was a $339 million joint offer by Statoil and Total for Cobalt’s 60% operated interest in the North Platte discovery.

Two of the six blocks are offshore and four are onshore, and estimates suggest they contain substantial amounts of oil and gas, ADNOC said in a statement.

Santos is on track to supply about 11% of the ACCC’s expected east coast gas demand in 2018.

The company recently received government approval for plans to drill additional wells in six fields (Sidingin, Hitam, Petapahan, Pematang, Ampuh and Sikladi) within the Rokan production-sharing contract this year.

The bids had been scheduled to be received April 5. The change, announced by the National Hydrocarbons Agency (ANH) late on April 4, marks the fifth time the auction for the 15 crude and gas areas in the country’s northwest has been rescheduled.

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