News

  • Premier cheers Tolmount East well success

    Premier Oil has cheered the success of the Tolmount East well located in the UK Southern Gas Basin.   The well 42/28d-14 is in P1330, Block 42/28d where Premier has a 50 percent operated interest.   The well was drilled using the Valaris JU-123 rig,…

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  • Offshore Myanmar Platform FEED Goes to Doris, Hyundai

    South Korea-based POSCO International has awarded DORIS Engineering and Hyundai Heavy Industries (HHI) the front-end engineering design (FEED) contract for the Shwe Project Phase 3 development offshore Myanmar, DORIS reported on the 16th October.   A multiple gas-condensate field integrated development in Bay of Bengal…

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  • OKEA to start drilling on Draugen

    OKEA has announced the start of the Draugen drilling campaign for the appraisal wells Infill Ø (6407/9-11) and Skumnisse (6407/9-12).   OKEA will live stream the drilling log from the drilling operations on the Odfjell rig Deepsea Nordkapp. Here you will be able to see…

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  • Inpex inks 20-year extension for Abadi LNG project

    Japan’s Inpex Corporation, with its joint venture partner Shell, has signed an amendment and extension to the Masela block production sharing contract (PSC) as well as an extension for the Abadi LNG project.   Inpex said last week that the amendment, signed through its Inpex Masela subsidiary,…

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  • Mozambique Votes Against Backdrop of US$50 billion Gas Windfall

    Mozambicans voted on the 15th October in elections which have the highest stakes in the south-east African nation’s history, after a campaign marked by violence, insurgent attacks and fallout from a debt scandal.   The winner will oversee more than US$50 billion of investments in…

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  • Lukoil enters UAE with 5% Ghasha interest

    Lukoil has entered the United Arab Emirates by signing an agreement with Abu Dhabi National Oil Company to acquire a 5% interest in the Ghasha Concession offshore Abu Dhabi.   The agreement was signed during a state visit by Russian President Vladimir Putin to the…

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  • Energean finds buyer for Edison’s North Sea interests

    Neptune Energy has a conditional agreement to acquire Edison E&P’s UK and Norwegian interests from Energean for US$250 million.   The deal remains contingent on Energean completing its proposed acquisition of the Italian E&P company.   Neptune expects to add 30 MMboe via the transaction,…

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