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BP, Kosmos Win Rights To Two Oil Blocks In Sao Tome And Principe

14h rigzone
SAO TOME, Jan 23 (Reuters) - A consortium of BP and Kosmos Energy has won exploration rights to two offshore oil blocks in Sao Tome and Principe's exclusive economic zone (EEZ), the national oil agency said.

UPDATE 1-BP, Kosmos win rights to two oil blocks in Sao Tome and Principe

15h reuters
SAO TOME (Reuters) - A consortium of BP and Kosmos Energy has won exploration rights to two offshore oil blocks in Sao Tome and Principe’s exclusive economic zone (EEZ), the national oil agency said.

BP, Kosmos win rights to two oil blocks in Sao Tome and Principe

15h reuters
SAO TOME, Jan 23 (Reuters) - A consortium composed of BP and Kosmos Energy has won exploration rights to two offshore oil blocks in Sao Tome and Principe’s exclusive economic zone (EEZ), the national oil agency said late on Monday.

[Opinion] Oil Rush in Guyana

2018-01-22 oilvoice
Traces of petroleum have been recorded in Guyana since the 1750s, back when Dutch explorers were mapping the country. Wells drilled in 1916 produced some natural gas that powered local utilities for several decades, while Shell and the California Oil Company made exploratory drills in the 1950s and 1960s. However, while discoveries in Venezuela and Brazil propelled their economies forward, the former British colony of Guyana has been quiet.

Crude Oil Futures Continued to Rally, Wall Street Fell

2018-01-11 editors.aws.marketrealist
Brent oil (BNO) futures rose 0.6% to $69.2 per barrel on January 10, 2018. February WTI crude oil (DWT) (SCO) futures contracts also rose 1% to $63.57 per barrel on January 10, 2018. It’s the highest settlement since December 2014. (2-0)

This Niche Market Is Unloved For Wrong Reasons

2018-01-05 seekingalpha
Shuttle tankers offload oil from platforms and ship it to shore. This segment is disliked due to offshore and shipping label, but the outlook is actually surprisingly strong. (13-0)

Quest for new oil discoveries still on back burner

2018-01-04 in.reuters
LONDON (Reuters) - Despite the strongest start for oil prices in four years, the world’s top oil companies are hesitating to accelerate the search for new resources as a determination to retain capital discipline trumps the hope of making bonanza discoveries. (27-0)

Quest for new oil discoveries still on back burner

2018-01-04 reuters
LONDON, Jan 4 (Reuters) - Despite the strongest start for oil prices in four years, the world’s top oil companies are hesitating to accelerate the search for new resources as a determination to retain capital discipline trumps the hope of making bonanza discoveries. (27-0)

What 2018 May Bring for Oil & Gas Exploration

2018-01-03 zacks
In 2017, oil prices recovered significantly. Posting its second annual gain in a row, the commodity closed 2017 up more than 12%. The U.S. oil benchmark ended the year at $60.42 per barrel -- its highest closing since June 2015. However, this wasn’t reflected in the budgeted exploration spending in 2018. The companies are still allocating capital on existing assets and ongoing developments. Oil giants like Anadarko Petroleum and Chevron (CVX - Free Report) have announced exploration budget for 2018, which is lower or almost in line with 2017 figures. (62-1)

London Stock Exchange's company floats hit 3-year high at 15 billion pounds - Channel NewsAsia

2017-12-29 channelnewsasia
The London Stock Exchange raised 15 billion pounds (US$20.28 billion) from 106 initial public offerings (IPOs) in 2017, a 63 percent increase compared to last year and the highest level for three years. (1-0)

London Stock Exchange's company floats hit 3-year high at 15 billion pounds

2017-12-29 reuters
LONDON (Reuters) - The London Stock Exchange (LSE.L) raised 15 billion pounds ($20.28 billion) from 106 initial public offerings (IPOs) in 2017, a 63 percent increase compared to last year and the highest level for three years. (1-0)

BP Receives Five Prolific Oil Blocks Offshore Ivory Coast

2017-12-28 zacks
Per Reuters, integrated oil giant BP plc (BP - Free Report) along with its partner Kosmos Energy Ltd. (KOS - Free Report) recently received five new oil blocks offshore Ivory Coast. The partners will work with state-run oil company, Petroci on these blocks. (5-0)

Global Conventional Discoveries Hit Record Low

2017-12-22 rigzone
Global conventional discoveries hit a record low in 2017, coming in at less than seven billion barrels of oil equivalent (boe), according to Rystad Energy.

ENI, BP Announced Production Start-Up At The Egyptian 'Super Giant Gas Field' Zohr

2017-12-21 seekingalpha
Eni SpA announced Wednesday the production start-up of Zohr, the largest ever discovery of gas in the Mediterranean Sea. BP owns a 10% stake while ENI owns 60%.

All-time low for discovered resources in 2017, Rystad reports

2017-12-21 worldoil
OSLO -- Rystad Energy concluded this week that 2017 was yet another record low year for discovered conventional volumes globally. Less than 7 Bboe has been discovered YTD. (2-0)

CUSIP: G5315B107