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Fresh cooperation in the oil and gas sector is set between Malaysia & Vietnam. Prime Minister Tun Dr Mahathir Mohamad said, through the countries’ respective petroleum companies, Petronas and Vietnam Oil and Gas Group (PetroVietnam), this would be undertaken. Petronas and PetroVietnam signed a binding Heads of Agreement (HoA) for the sale and purchase of […]

Uk North Sea could see more decades of the basin’s lifespan through the pioneer of a new microbial technology which will soon be trialled. This could help save people’s jobs and “kick decommissioning down the track”. An estimate of 35% is a standard recovery rate from an oil reservoir while the rest has stayed stubbornly […]

Gabon’s petroleum minister, Noel Mboumda, stated that Malaysia’s state-owned oil company has signed an agreement with Gabon for two exploration permits. This happened after the African country enacted a new oil law on July 2019. According to the statement, Petroliam Nasional Bhd, also known as Petronas, has a presence in Gabon and is the first […]

A small oil discovery was made in production license 167 at the Utsira High in North Sea, by Equinor along with its respective partners Lundin and Spirit Energy. In the summer of 2019, an oil discovery was made in the Lille Prinsen Outer Wedge Well, located 1 km west of Lille Prinse Main. It is […]

For a drilling job in the central North Sea, Fraser Well Management was hired by Corallian Energy as an operator for its Curlew-A. It is expected that FWM’s Aberdeen-based team to start the drilling of the well in the first half of 2020. Currently, the Ocean Endeavour by Gardline is conducting the site survey. Source: […]

Notified by the UK Oil and Gas Authority, Australian-based Talon Petroleum has successfully joined a joint bid alongside with Netherlands-based partner ONE-Dyas. This was for a license over Block 1430b via the UK 31st Supplementary Offshore Licensing Round. The license contains the Thelma Prospect, a Burns Sandstone stratigraphic trap and a 29mmbo (gross best estimate) […]

Aker BP, a Norwegian oil exploration & development company struck an oil column in the primary exploration target of 28 metres in sand layers at the wildcat well 25/2-21. (Liatårnet) The discovery made by Aker BP, operator of production license 442 in the North Sea had good reservoir quality. The 9th exploration well in production […]

It is expected that Premier oil is to receive official clearance for the development of two North Sea oil fields in the next few months. This happened due to their strong performance in the area that helped generate USD180 million cash in the first half. The London-based company has achieved an increase in their average […]

Hibiscus Petroleum Bhd, an independent oil and gas exploration and production (E&P) has acquired oil and gas rights offshore of the United Kingdom’s sector in the North Sea, worth USD5 million. Hibiscus mentioned that its indirect wholly-owned subsidiary, Anasuria HIbiscus UK Ltd, has entered a conditional non-binding term sheet during a filing with Bursa Malaysia […]