Seven companies have put in bids for 11 oil exploration contracts in Colombia, the government said on the 4th June, as the Andean country seeks to revitalise its oil sector. Frontera Energy, Geopark, Ecopetrol, Hocol, Parex Resources, Gran Tierra Energy and ONGC Videsh have…
Tipping point for downstream energy? Paul Sankey, Liberty Specialty Markets’ head of energy & construction, says the downstream energy market needs to do some serious thinking about its profitability. 2017 is expected to be the worst year for operational losses in the downstream energy…
Hope of restoring a clean water lifeline to Basra province is on the rise again with plans by the Iraqi and Iranian governments to revive the Shatt al-Arab as a source of drinking water and improve its functioning as a trade route. Representatives from Iraq and Iran met on the 19th May in…
Hurricane Energy has announced that the acceptance test for the Aoka Mizu FPSO vessel moored over its Lancaster oil field in the UK has been completed with the production of first oil. The vessel, hooked-up at the Lancaster location in March, completed its start-up…
Thirty companies, some of them in groups, have received offers for the award of 37 licences covering 141 blocks in the UK’s 31st offshore licensing round. The frontier areas are in the Faroe-Shetland basin, Moray Firth, East Irish Sea, East Shetland Platform, Mid North…
Exploration to date offshore southern Cyprus has proven around 11 tcf of recoverable gas, according to Wood Mackenzie. Whether the discoveries can be commercialised remains to be seen, said Robert Morris, senior analyst: Caspian and Europe Upstream Oil and Gas. Cyprus has no…
BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, a Dubai-based oil and gas company. Under the terms of the agreement, Dragon Oil will purchase producing and exploration concessions, including BP’s interest in the Gulf…
Ampelmann, the company providing offshore gangway solutions, has secured a contract with DeepOcean to support the hook-up and commissioning of Aker BP’s Valhall Flank West (VFW) project, marking Ampelmann’s debut in Norway. Walk to Work (W2W) has been chosen as the means of offshore…
Italian oil and gas company Eni has made the fifth oil discovery in one year in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Agidigbo exploration prospect, and analysis of post drill results indicate between 300 and 400 million…
Toshiba Corporation will transfer its rights to process natural gas at the Freeport LNG project in Texas to France’s Total SA. Toshiba will pay Total US$815 million to hand over the 20-year liquefaction rights to the French major and expects to finalise the deal…
