Harbour Energy is getting a “clean exit” from the Sea Lion project in the Falklands as Navitas Petroleum farms in.
Harbour Energy, Rockhopper Exploration and Navitas Petroleum have signed a heads of terms agreement for the Sea Lion field, paving the way for Harbour’s exit of the Falklands and for Navitas to complete its farm-in.
Transocean has landed a $252million contract after Beacon Offshore Energy and its partners reached FID on the Shenandoah project in the Gulf of Mexico.
Harbour Energy is facing sanctions from Argentina over an oil and gas project in contested waters off the Falklands.
Cairn Energy has been linked with a potential purchase of a stake in Israel’s offshore Tamar gas field from Delek Drilling.
A planned farm-out of the Premier Oil Sea Lion project in the Falklands has gone into extra time due to the firm's mega-merger with Chrysaor.
A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources.