Latest News

  • Oman
    Permit Block 3 (Afar)
    30 Jul 2014 - Average selling price during 2Q14 was $105.9 per barrel & 350kb were sold (net to Tethys). As per 30 Jun 2014, the underlift position amounted to 30'105 barrels (underlift of 43'428 barrels as per 31 Mar 2014). All oil sales relate to blocks 3&4, where Tethys Oil holds 30% of the licence.
  • Argentina
    Permit Puesto GuardiƔn (CNO-8)
    30 Jul 2014 - Current production is 300 b/d, from 5 fields with many shut-in wells. In the early 1980s, gross production peaked at 9000 b/d.
  • USA
    *Country Info *Special Events
    30 Jul 2014 - A US judge said she lacked jurisdiction over a tanker carrying Kurdish oil parked outside US territorial waters. She urged that the case be settled in Iraq.
  • France
    *Country Info *Oil & Gas Tax & Legislation
    30 Jul 2014 - France will mobilise about €10B for a package of tax breaks, low-cost loans and bonuses to boost investment in renewable energy and cut the country's o&g bill.
  • Australia
    Field Elliston
    30 Jul 2014 - Elliston-2 has been p&a after reaching TD 1660m. It found 1m of oil pay in Namur Sand, which was considered non-commercial to complete as an oil producer. It penetrated top of Namur Sand 2m deeper than pre-drill depth prognosis. However, OWC was found at same depth as in Elliston-1 which has been on production since Dec 2012. This indicates that Elliston-1 is accessing oil from a different part of the field than previously thought.
  • Papua New Guinea
    Permit PRL 14
    29 Jul 2014 - Cue Energy is looking to sell down its portfolio in Papua New Guinea
  • Ecuador
    *Country Info *Regional Drilling
    29 Jul 2014 - Some $310M-worth of onshore contracts were signed by Saipem in South America for 2014, tying up 31 rigs, including one in Ecuador.
  • Norway
    *Country Info *Oil & Gas Strategy
    29 Jul 2014 - Preliminary data for June 2014 show an average production of around 1.74Mb of oil, natural gas liquids and condensate, which is about 100'000 bopd, or 6%, higher than May 2014.