Tuesday, 27 May 2014
The state of the UK North Sea
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Tax incentives have encouraged capex spend ...but this has led to an overheated OFS market and rising costs have caused some marginal projec...
Monday, 26 May 2014
Thoughts around using a high discount rate
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Higher discount rates may be used to reflect the greater risk averseness adopted by a company/project manager. This may also be used as a sc...
Global upstream review - 2014
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Transaction activity declined sharply in 2013 Record M&A in 2010-12, companies switched focus to developing acquired acreage Corporate a...
Wednesday, 21 May 2014
Repsol hit with further delays offshore Namibia: Welwitschia
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Welwitschia prospect being drilled on PEL0010: Repsol (44%*), Tower (30%), Arcardia (26%) Welwitschia-1 spud last month Due to issues with w...
Libya update: co-ordinated militia attacks against Islamists
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On 16 May, forces loyal to Colonel Haftar attacked the bases of two Islamist militias in the eastern Libyan city of Benghazi: Ansar al-Shari...
Tuesday, 20 May 2014
Lekoil acquires 40% WI in Otakikpo Marginal Field
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20 May 2014: Lekoil announced acquisition of 40% participating and economic interest in Otakikpo, a Nigerian onshore Marginal Field; locate...
Monday, 19 May 2014
Oryx: Appraisal drilling update for Demir Dagh, Kurdistan
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Oryx holds 65% WI in Hawler licence (Operator), KNOC (15%), KRG (20%) On 19 May 2014, announced test results for Demir Dagh-3 ("DD-3...
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