Mosman Oil and Gas said staff has been made redundant following the cancellation of a sale and purchase agreement with Origin Energy Limited.
Statoil said it has agreed with OMV to acquire a 30% working interest in a Petroleum Exploration Permit in New Zealand.
Mosman Oil and Gas has pulled out of a planned acquisition for the South Taranaki Energy Project (STEP) in New Zealand.
BW Offshore has received a one year contract extension for the lease and operation of the FPSO Umuroa.
Mosman Oil and Gas has confirmed it has cancelled its involvement in an Australian oil and gas project after failing to secure a land access permit to proceed.
Mosman Oil and Gas has issued a review notice to Origin Energy over the acquisition of the South Taranaki licence in New Zealand after the Brent oil price benchmark dropped below $40 per barrel.
OMV has awarded DOF Subsea a contract to complete a mooring upgrade on its FPSO (Floating, Storage, Offloading and Production) vessel in the Maari oilfield. The upgrade work at the Maari system, off New Zealand is expected to cost around $60million in total. It is expected to be carried out between February and April next year and will help future proof the mooring system for the next decade.
Oil major Shell is shifting to portfolio rationalisation as the move to a merger with BG Group nears one step closer, according to a leading analyst. Tom Ellacott, from Wood Mackenzie’s Corporate Analysis team, said a combined portfolio between the two companies will now be defined by its geographical reach.
Shell is carrying out a strategic review of its assets in New Zealand as it looks to streamline costs amid the continue decline in oil price. The oil major will carry out the assessment to see how their interests in the region align with the company’s current plans.
Australasian focused exploration firm Mosman said it expects its acquisition of the South Taranaki Energy Project (STEP) in New Zealand to complete early next year with the only outstanding matter being Government approval.
Mosman, the Australasia focussed oil exploration and development company, raised an additional £1.47million from US investors as it seeks to bring 12 low cost assets to production on its South Taranaki Energy Project (Step) assets in New Zealand.
Tag Oil said its chief operating officer has resigned from his post. Frank Jacobs said he was standing down from the role to pursue other opportunities elsewhere.
Shell could delay deepwater drilling planned in New Zealand until next year. According to reports the oil major and its two partners OMV and Mitsui E&P had been planning to drill a test well in the Great South Basin this year. However the company has said it needs more time to evaluate the basin’s complex geology.
Mosman, the New Zealand and Australia focussed oil exploration and development company, has raised £1.5 million to progress the acquisition of a proposed 70% interest in the South Taranaki Energy Project (STEP) assets in New Zealand.
Four environmental protesters breached security at New Zealand’s parliament by scaling the roof and perching on a ledge above the main entrance.
AWE Limited has completed its subsea tie-back and installation project to connect the Pateke-4H development well to the Tui area oil fields gathering system. The company said the well has now been brought onto production and flow testing is underway to determine optimal well settings. An initial unstabilised flow rate of 34,000 barrels of oil per day was recorded.
Kea Petroleum has shut in production at its Puka site in Taranaki. The company said it had been working hard to resolve problems with the Puka-1 well, while continuing to produce from Puka-2. A spokesman said the current problem cannot be resolved with the equipment currently available.
Two oil and gas firms have estimated a production increase on a project in New Zealand. Pan Pacific Petroleum and New Zealand Oil and Gas have completed a review of the increase in Tui reserves attributable to the Pateke-4H well.
Chevron New Zealand has acquired blocks in offshore New Zealand. The exploration firm was granted the licenses for the blocks in a frontier basin with water depths from 2,600 feet to 9,800 feet. The areas cover 6.26 million acres and are located south east of North Island.
Mosman Oil and Gas has been awarded three exploration permits in New Zealand. Part of the New Zealand government's 2014 block offer, the award covers the Taramakau and Murchison blocks on South Island and the East Coast block on North Island.
Statoil has been awarded four new exploration licences in New Zealand. The permits have been awarded by the government through the country’s 2014 block offer. The Norwegian company will participate in three blocks on the East coast and in the Pegasus basins as a partner. It will also take on operatorship for one new permit next to existing acreage in the Reinga basin.
Tag Oil has hit hydrocarbon bearing sands in the onshore Taranaki Basin in New Zealand. The Cheal-E6 step out well intersected more than nine metres of net oil and gas bearing sands in the Mount Messenger formation.