(Rigzone) OMV Norge AS announced Wednesday that it has encountered ‘exploration success’ at well 6506/11-10, located offshore Norway in license PL 644B. The well targeted two formations; the Cretaceous Hades prospect and the Jurassic Iris prospect located directly underneath. OMV...

The US Department of Interior is set to allow oil and gas firms to explore and develop 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida. Anticipated to be conducted on 15 August this year, Lease Sale 251 will...

The Government of Guyana is to release another Petroleum Agreement shortly; this time for Nabi Oil and Gas Inc., signed in 2012. This is according to sources close to Cabinet. OilNOW understands that the Nabi contract could be released to...

The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude. But The Trump administration is hoping to...

The engineering work for the Liza Destiny FPSO is in an advanced stage and is being conducted from four different places as assembly of the vessel that will bring first oil for Guyana continues at the Keppel Shipyard in...

Total SA will pay $1.45 billion for stakes in two offshore oil fields in Abu Dhabi, extending a decades-long partnership as the Middle Eastern emirate seeks to expand production capacity. According to a Bloomberg report, the Paris-based company will take a...

As more oil discoveries continue to be made offshore the South American country of Guyana the commercialization of gas will become a bigger challenge. Analyst Wood Mackenzie says lack of infrastructure and a visible marketization plan for commercializing gas which...

Australia and East Timor have signed an agreement that draws the first maritime border between the two nations. It is hoped the deal, signed at the United Nations in New York, will end the bitter dispute over oil and gas...

(Malay Mail) PC GAbon Upstream SA (PCGUSA), a subsidiary of Petroliam Nasional Bhd (Petronas), has discovered oil and gas at its Boudji-1 exploration well in Block F14 (Likuale), South Gabon. Petronas said the discovery marked a significant milestone for Petronas...

As work on the Liza Destiny FPSO moves into high gear in Singapore, SBM offshore is ramping up its preparations for the arrival and operation of the vessel that will bring first oil for the South American country of...