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29 March, 2017

Australia: 3D Oil seeking partner for recently awarded Roebuck Basin permit WA-527-P

3D Oil has been awarded a new exploration permit, WA-527-P in the Roebuck Basin of Western Australia, bid on in the December 2016 Australian Offshore Gazettal round. 3D Oil intends to seek a farm-in partner for the permit.

29 March, 2017

Philippines: Nido Petroleum mobilises rig for Galoc field appraisal well

Nido Petroleum on behalf of the Galoc Joint Venture partners has advised that the drillship 'Deepsea Metro I' has commenced mobilisation from Labuan, Malaysia to the Galoc-7/7ST well location in Block C1 of Service Contract 14, offshore, the Republic of the Philippines.

29 March, 2017

Argentina: President Energy provides update on Argentina operations

President Energy reports that, following a successful well workover, Puesto Guardian production has been increased to approx. 750 bopd.

29 March, 2017

Indonesia: Atlantis Resources signs Preferred Supplier Agreement for Indonesian tidal power projects

Atlantis Resources, a global leader in the tidal power generation sector, has signed a Preferred Supplier Agreement ('PSA') with SBS INTL LTD for the supply of turbines, engineering services and equipment for a 150MW tidal-stream array located in Lombok, Indonesia.

29 March, 2017

UK: InfraStrata announces repayment of loan from Baron Oil

AIM-listed InfraStrata, the independent gas storage company, has announced that following the completion of the placing to raise £810,000 before expenses announced on 27 February 2017, it has now repaid the £200,000 drawn down on the secured loan facility with Baron Oil.

29 March, 2017

Australia: Cooper Energy announces Board approval for Sole gas project - commences equity funding

Cooper Energy has announced that the Sole gas project has been approved as ready to proceed by the Company’s Board of Directors and that finalisation of financing has commenced with a fully underwritten equity raising of approx. $151 million.

29 March, 2017

US: Samson Resources II engages Jefferies and Houlihan Lokey for Strategic Review

Samson Resources II has engaged Jefferies as lead advisor and Houlihan Lokey Capital Inc. as co-advisor to conduct a strategic review of the Company’s assets.

28 March, 2017

Schlumberger says bought stake in rig firm Borr Drilling

Schlumberger, the world's top oil services provider, has bought a stake in upstart rig operator Borr Drilling. The investment was made through a newly created venture fund, which has the ultimate goal of securing more activity for Schlumberger.

28 March, 2017

Indonesia: INPEX to sell stake in South Natuna Sea Block B

INPEX has decided to sell all its shares in INPEX NATUNA, its wholly-owned subsidiary that holds a 35% participating interest in South Natuna Sea Block B in Indonesia to PT Medco Daya Sentosa, a subsidiary of PT Medco Energi Internasional, a listed Indonesian energy company.

28 March, 2017

Kuwait: Petrofac awarded US$1.3 billion project in Kuwait

Petrofac has been awarded a contract for Kuwait Oil Company’s gathering centre project, GC 32, located in the Burgan oil field, south east of Kuwait.

28 March, 2017

Australia: LNG production starts from Chevron's Gorgon Train Three

Chevron Australia has announced the start of liquefied natural gas (LNG) production from the third train at the Chevron-led Gorgon Project on Barrow Island off the northwest coast of Western Australia.

28 March, 2017

Norway: Lundin granted drilling permit for well 7220/11-4 in PL 609

The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for appraisal well 7220/11-4 in production licence PL 609.

28 March, 2017

Iraq: Genel Energy downgrades Taq Taq reserves estimate

Genel Energy reports that, following an updated CPR for the Taq Taq field, estimated gross 2P reserves, as of 28 February 2017, have been downgraded from 172 mmbbls to 59 mmbbls.

28 March, 2017

Morocco: Sound Energy announces Tendrara TE-8 well results

Sound Energy has announced the results of its third well at its Tendrara licence, onshore Morocco, which both establishes the Westward extension of the primary hydrocarbon system proven in Algeria into Morocco, and further confirms the potential of the TAGI play in-country.

28 March, 2017

Australia: Carnarvon Petroleum announces increase in Phoenix South estimated resources

Carnarvon Petroleum has provided an update on the Phoenix South resource estimates following further technical work on the Phoenix South-2 well results.

27 March, 2017

UK: Maersk Drilling secures contract for Jack-Up Maersk Gallant

Maersk Drilling has been awarded a contract for the harsh environment jack-up rig Mærsk Gallant. The contract covers the drilling of the Nexen Petroleum-operated High-pressure, High-temperature (HPHT) exploration Glengorm well, in the UK sector of the North Sea.

27 March, 2017

Poland considers building floating LNG terminal by 2021

Poland is considering building a second liquefied natural gas (LNG) terminal on the Baltic Sea by 2021 for about 700 million euros ($761 million), as a potential alternative to a planned gas pipeline to Norway, the gas system operator said on Monday.

27 March, 2017

Saudi Arabia sweetens huge Aramco IPO with tax cut

Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale.

27 March, 2017

GoM: TechnipFMC awarded contract by Shell for Kaikias deep water development in the Gulf of Mexico

TechnipFMC has been awarded a contract by Shell, for the delivery, integration, and installation of the subsea production system (SPS) and subsea riser, jumper and flowline (SURF) equipment for phase one of the Kaikias deep water project in the Gulf of Mexico.

27 March, 2017

Gambia: Erin Energy announces farm-out deal with FAR for Gambia blocks

Erin Energy has entered into a definitive farm-out agreement with FAR whereby FAR will acquire an 80% interest and operatorship of Erin Energy’s offshore A2 and A5 blocks in The Gambia. Erin Energy will retain a 20% working interest in both blocks.