Woodside has acquired a 40% participating interest in an exploration, exploitation and production sharing contract (EEPSC) for Block F15 in the Gabon Coastal Basin. Block F15 is located 140 km off the south-western coast of Gabon and covers over 2,700 km². Water depths range from 2,300 to 3,000 m.
The Spanish government has given Repsol the green light to begin a $7-billion oil exploration project off the Canary Islands. Industry Ministry Jose Manuel Soria said last month that Repsol would start prospecting three months after approval was granted.
Buyback fails to win 75 percent support; Shell left with 13.6 pct stake in Woodside. Woodside opposes buyback to all shareholders on same terms, shares fall 1.8 pct. Woodside Petroleum Ltd failed to win shareholder approval to buy back $2.68 billion of its shares from Royal Dutch Shell Plc…
Repsol, part of a consortium planning to explore for oil off the Canary Islands, will carry out the first phase of the project on its own, a source with knowledge of the matter said on Wednesday. The Spanish oil company and its partners Woodside Energy Ltd.
Gabon's oil ministry said on Friday it had signed seven oil contracts with six companies as part of an offshore licensing round expected to attract at least $1.1 billion in investment to the sector. "(We) proceeded on August 8 with the signing of seven oil contracts with the companies Impact…