Royal Dutch/Shell, The Hague, The Netherlands, plans to buy London-based independent Enterprise Oil Plc for cash and notes, at the selling shareholder's option. For more on this deal, see the feature article in this issue. An Apiva Ventures Ltd., Vancouver, agreement to acquire a 10% working interest in the East Wadi concession in Egypt has been terminated. The company intends to continue to identify and review opportunities in the technology or resource sectors. The Transmeridian Exploration Inc., Houston, license area for the company's South Alibek Field in Kazakhstan was increased to incorporate all of the identified potentially oil-bearing reservoirs associated with the field. BHP Billiton Ltd., Melbourne, Australia, has acquired deepwater acreage off the coast of Brunei Darussalam in southeast Asia. The government awarded Block J to a joint venture of BHP Billiton (25%), TotalFinaElf (60%) and Amerada Hess Corp. (15%). Heritage Oil Corp., Calgary, has sold its interests in six properties in Gujarat, India, to Hardy Oil & Gas Ltd. for an undisclosed sum. Hardy is operator and already holds various onshore and offshore interests in India. -Crystal Cleveland-Kappes
Recommended Reading
Seatrium Awarded Contract for FPSO Bound for Guyana’s Stabroek
2024-05-17 - The topsides fabrication and integration contract will be for the FPSO Jaguar, bound for the Whiptail Field in the Stabroek block offshore Guyana for Exxon Mobil.
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
2024-05-17 - A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks: Baker Hughes
2024-05-17 - The oil and gas rig count rose by one to 604 in the week to May 17.
BPX Looks to Ramp US Production Over 60% by 2030
2024-05-16 - BPX Energy is looking to boost its U.S. production over 60% by 2030 as it considers bringing online a fourth processing facility in the Permian by mid-year 2025, Clark Edwards, the company’s vice president of development, said during SUPER DUG in Fort Worth.
Empire Petroleum’s Williston Drilling Program Identifies New Zones
2024-05-16 - Empire Petroleum provided updates on its Williston Basin development drilling program in its first quarter 2024 earnings results.