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Talos Achieves First Oil in Green Canyon Field
The Bulleit field in the Green Canyon area of the Gulf of Mexico produced first oil last week.
8:00 PM EST | October 19, 2020
Hilcorp Energy Completes Second Lightning Field Well
There is now the potential to continue to significantly improve this already large gas and condensate accumulation.
7:00 PM EST | February 25, 2020
Philippines DOE Grants Moratorium on Palawan Basin's SC55 Work Program
The Philippines' Department of Energy grants a 2 year moratorium on the work program for Service Contract 55 in the Palawan Basin off the Philippines.
8:00 PM EST | June 16, 2016
Otto Launches Legal Action Against Swala Over Tanzania's Pangani License
Otto Energy launches legal action against Swala Energy over the Pangani license in Tanzania.
8:00 PM EST | May 12, 2016
Otto Energy Updates on Drilling at SM-71 #1 Discovery in the Gulf of Mexico
Otto Energy updates on drilling operations at the SM-71 #1 oil discovery in South Marsh Island Block 71 in the Gulf of Mexico.
8:00 PM EST | April 26, 2016
Byron Energy Finds Oil, Gas at South Marsh Island Block 71 in GOM
Byron Energy finds oil and gas at SM-71 #1 well at South Marsh Island Block 71 in the Gulf of Mexico.
8:00 PM EST | April 19, 2016
Australia's Red Emperor Updates on its Philippines, Georgia Assets
Australia's Red Emperor Resources updates on developments at its upstream assets in the Philippines and Georgia.
7:00 PM EST | January 28, 2016
Otto Energy to Farm-in to Byron Energy's GOM Projects for $17.3M
Australia's Otto Energy is to farm-in to three of Byron Energy's existing projects in the Gulf of Mexico for up to $17.3 million.
7:00 PM EST | December 10, 2015
Australia's Otto Energy Names John Jetter as Chairman, Succeeds Rick Crabb
Australia's Otto Energy names John Jetter as chairman of the company to succeed Rick Crabb.
7:00 PM EST | November 17, 2015
Otto Energy Reports Disappointment Over Hawkeye-1 Well Off Philippines
Otto Energy reports disappointment over Hawkeye-1 prospect in Service Contract 55 offshore the Philippines as the hydrocarbons found are not economic to develop.
8:00 PM EST | August 16, 2015
Otto Acquires Borealis, Gains Option to Take Minor Stakes in ANS Acreage
Australia's Otto Energy acquires Borealis Petroleum, giving the firm the option to purchase an 8 percent and 10.8 percent working interests in two areas of Alaskan North Slope exploration acreage held by Great Bear.
8:00 PM EST | August 05, 2015
Otto Energy Spuds Hawkeye-1 Prospect in SC 55 Offshore Palawan Basin
Otto Energy spuds Hawkeye-1 exploration well in Service Contract 55, offshore Palawan Basin in the Philippines.
8:00 PM EST | August 02, 2015
Pryce Gases to Buy Stake in SC55, Maersk Venturer to Spud Hawkeye-1 Soon
Pryce Gases to acquire a 10 percent stake in Service Contract 55 offshore the Philippines as the Maersk Venturer drillship prepares to drill the Hawkeye-1 well in the block.
8:00 PM EST | July 29, 2015
Red Emperor Completes Otto Energy Farm-in Agreement
Red Emperor Resources completes its farm-in agreement with Otto Energy Limited, following a formal notification of approval from the Department of Energy of the Republic of the Philippines.
8:00 PM EST | July 26, 2015
Otto-led Consortium Prepares to Drill South China Sea Well
An Australian-Filipino concortium led by Otto Energy is about to drill a deepwater exploration well offshore the Philippines in the South China Sea.
8:00 PM EST | July 19, 2015
Maersk Venturer to Mobilize to Hawkeye-1 Well in Palawan Basin in Late July
The Maersk Venturer drillship will mobilize to drill the Hawkeye-1 exploration well in Service Contract 55 in the Palawan Basin, offshore Philippines in late July.
8:00 PM EST | July 01, 2015
Red Emperor Raises Funds to Drill Hawkeye-1 Well Offshore Philippines
Red Emperor raises $4.53 million to fund drilling of the Hawkeye-1 exploration well in Service Contract 55 offshore the Philippines in late July.
8:00 PM EST | June 25, 2015
Otto Energy Appoints Matthew Allen as Managing Director, Continues as CEO
Otto Energy appoints Matthew Allen as managing director, while continuing as CEO.
8:00 PM EST | June 24, 2015
Otto Energy Secures Maersk Venturer Drillship Contract
Otto Energy secures Maersk Venturer drillship for the Hawkeye-1 exploration well in Service Contract 55 offshore Palawan, the Philippines.
8:00 PM EST | May 04, 2015
Red Emperor Updates on Operations in Philippines, Somalia and Georgia
Australia's Red Emperor provides an update on its operations in the Philippines, Somalia and Georgia.
8:00 PM EST | April 21, 2015
Otto Pares Stake in Philippines' SC55, Secures Drillship for Hawkeye-1 Well
Otto Energy farms out a 15 percent stake in Service Contract 55 off the Philippines to Red Emperor Resources and signs a letter of intent for Maersk Venturer to drill the Hawkeye-1 exploration well in the block.
7:00 PM EST | March 01, 2015
Otto Energy Completes Sale of Galoc Production Co. Stake to Nido for $106M
Otto Energy completes sale of its interest in Galoc Production Co. to Nido Petroleum for around $106 million.
7:00 PM EST | February 16, 2015
PNOC-EC to Farm-in to Phillippines' SC55, Otto Seeks Rig to Drill Hawkeye-1
Otto Energy reveals that PNOC-EC will farm-in for a 15 percent interest in Service Contract 55 offshore the Philippines, with the firm seeking a rig to drill the Hawkeye-1 well later this year.
7:00 PM EST | January 08, 2015
Swala Completes 2D Seismic Program Over Kilombero Basin in Tanzania
Swala Oil and Gas completes 2D seismic program over the Kilombero Basin in central Tanzania.
7:00 PM EST | January 05, 2015
Otto Energy Accepts Nido's $108M Offer to Acquire Galoc Production Company
Otto Energy accepts Nido Petroleum's $108 million offer to acquire its 100 percent stake in Galoc Production Company.
7:00 PM EST | December 11, 2014
Otto Energy Secures Extension of Service Contract 55 in the Palawan Basin
Otto Energy receives government approval for an extension of Service Contract 55 in the Palawan Basin, offshore Philippines by a year.
7:00 PM EST | November 25, 2014
Swala Concludes 2D Seismic Acquisition in Tanzania's Pangani License
Swala Energy concludes 2D seismic acquisition program over the Moshi Basin in the Pangani license in northern Tanzania.
8:00 PM EST | October 01, 2014
Risco Energy to Acquire Galoc Oil Field Operator GPC for $101.4M
Risco Energy inks $101.4 million deal to acquire Galoc Production Company, which has a 33 percent operating interest in Galoc oil field in Service Contract 14C offshore the Palawan in the Philippines.
8:00 PM EST | September 21, 2014
Swala Begins Seismic Survey Over Moshi Basin in Tanzania's Pangani Permit
Swala Energy commences 2D seismic data acquisition program over the Moshi Basin in the Pangani exploration license in northern Tanzania.
8:00 PM EST | August 24, 2014
Galoc JV to Decide on Drilling in Phillipines' SC14C in End 2014/Early 2015
Otto Energy says the Galoc joint venture in SC14C offshore the Philippines will make a decision on further drilling activities in late 2014 or early 2015.
8:00 PM EST | August 20, 2014
Otto Energy Repays Financing Facility Offered for Galoc Phase II in SC14C
Otto Energy repays fully the $35.9 million financing facility that BNP Paribas extended to the firm for Galoc Phase II development in Service Contract 14C offshore the Philippines.
8:00 PM EST | June 30, 2014
Philippines DOE Confirms Varied Work Program for SC55 in Palawan Basin
Otto Energy receives the Department of Energy's confirmation of a varied work program for Service Contract 55 in southwest Palawan Basin offshore the Philippines.
8:00 PM EST | May 05, 2014
Otto Energy Withdraws from SC51 in Leyte on Drilling Safety Concerns
Otto Energy withdraws from Service Contract 51 in onshore Leyte in the Philippines due to drilling safety concerns.
8:00 PM EST | May 01, 2014
Otto Energy Plans to Drill an Exploration Well in SC55 off the Philippines
Otto Energy plans to drill an exploration well in Service Contract 55 offshore the Philippines by October as required under sub-phase 1 work commitment.
8:00 PM EST | March 10, 2014
Otto Energy Updates on Galoc Oil Field Reserves offshore the Philippines
Otto Energy provides an update on Galoc oil field reserves in Service Contract SC14C north west of Palawan Island, offshore the Philippines.
8:00 PM EST | March 09, 2014
Otto Energy Names Matthew Allen as CEO to Succeed Gregor McNab
Otto Energy names Matthew Allen as CEO following the resignation of Gregor McNab.
7:00 PM EST | February 24, 2014
Otto Energy Takes Over BHP Billiton's Stake in SC55
Otto Energy executes final binding agreements with BHP Billiton to terminate the farm-out deal for Service Contract 55, offshore the Philippines.
7:00 PM EST | January 20, 2014
Galoc Phase II Oil Development in SC14C Commences First Production
Otto Energy announces that first oil commences from Galoc Phase II development in Service Contract 14C in the Palawan Basin, Philippines.
7:00 PM EST | December 04, 2013
Otto Energy Executes LOI to Assume BHP Billiton's Interest in SC55
Otto Energy executes a letter of intent with BHP Billiton Petroleum (Philippines) Corporation to assume the latter's interest in Service Contract 55 offshore the Philippines.
7:00 PM EST | November 27, 2013
Work Resumes at Galoc Oil Field After Passage of Super Typhoon Haiyan
Otto Energy resumes production and development work at the Galoc oil field in Service Contract 14C offshore the Philippines after Super Typhoon Haiyan swept through the area.
7:00 PM EST | November 11, 2013
BHP Billiton Opts Out of Drilling Cinco-1 Prospect, Withdraws from SC55
Otto Energy reports that BHP Billiton Petroleum (Philippines) Corporation has opted not to participate in drilling the Cinco-1 prospect and to withdraw from Service Contract 55 offshore the Philippines.
7:00 PM EST | November 06, 2013
Ocean Patriot Completes Drilling Assignment at Galoc Oil Field in SC14C
Otto Energy reports that the Ocean Patriot semisub has completed its drilling assignment at Galoc oil field in Service Contract 14C off the Philippines.
7:00 PM EST | November 03, 2013
SC55 Joint Venture Gets Clearance to Drill Cinco-1 Prospect
Otto Energy reveals that the Service Contract 55 joint venture has received clearance to drill the Cinco-1 prospect in the southwest of the Palawan Basin, off the Philippines.
8:00 PM EST | October 29, 2013
Otto to Prepare Galoc-6H Well for Hook-Up Operations in November
Otto Energy reports that the Galoc-6H well in Service Contract 14C off the Philippines is being prepared for hook-up operations in November.
8:00 PM EST | October 21, 2013
Ocean Patriot to Begin Work at Galoc-6H Well in SC14C Shortly
Otto Energy plans to move the Ocean Patriot semisub to complete work at the Galoc-6H well in Service Contract 14C off the Philippines.
8:00 PM EST | October 15, 2013
Otto Energy Finishes Work on G-6H Well Upper Completion at Galoc Field
Otto Energy ends work on G-6H well upper completion at the Galoc oil field in Service Contract 14C off the Philippines.
8:00 PM EST | October 09, 2013
Otto Energy Relinquishes Stake in SC69 in the Philippines
Otto Energy decides to relinquish its 79 percent stake in Service Contract 69 offshore the Visayas in the Philippines.
8:00 PM EST | October 08, 2013
Ocean Patriot Commences Completion Operations at G-6H Well in SC14C
Otto Energy announces that Ocean Patriot semisub has commenced upper completion operations at G-6H well in the Galoc oil field in Service Contract 14C off the Philippines.
8:00 PM EST | October 02, 2013
Otto Energy Updates on Operations at Galoc Phase II Development in SC14C
Otto Energy updates on field operations at Galoc Phase II development in Service Contract 14C off the Philippines.
8:00 PM EST | September 26, 2013
Otto Energy Concludes Drilling Phase of Galoc II Development Project
Otto Energy concludes the drilling phase of Galoc Phase II development project in Service Contract 14C offshore the Philippines.
8:00 PM EST | September 17, 2013