Bahamas Petroleum, the oil and gas exploration company with a significant prospective resource in licences in The Commonwealth of The Bahamas, has announced that it has raised US$2.54 million before expenses through a firm placing of 120,000,000 new ordinary shares of 0.002p each at a price…
Argentina plans to build natural gas pipelines and hopes to attract more oil and gas investment for the Vaca Muerta shale play in the Neuquen basin, according to Argentina Energy Minister Gustavo Lopetegui. Analysts estimate Vaca Muerta needs investments of US$5-10 billion/year to boost…
Equinor is planning to extend the life of more than 20 offshore platforms in Norway overall. The company said on the 14th March that it had received the authorities’ approval for extending the life of eight installations on the Norwegian continental shelf (NCS) during…
FAR says technical work continues on its exploration licences offshore The Gambia after the government agreed to a six-month extension. This followed the unsuccessful wildcat well on the deep-water Samo prospect late in 2018. FAR and partner Petronas requested the extension to give…
Petrofac has been awarded a contract worth around US$1 billion by Groupment Isarene for engineering, procurement and construction services relating to the Ain Tsila development project in Algeria. The work-scope of the 42-month contract includes commissioning, start-up and performance testing. Located around 680 miles…
BP Marine has announced that it will begin to retail low sulphur fuel which meets new MARPOL regulations limiting the sulphur content of marine fuels. BP is introducing a new very low sulphur fuel oil (VLSFO), with a maximum 0.5% sulphur content, following successful…
Valeura Energy, the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation in the Thrace Basin of Turkey, has reported its financial and operating results for the three month period ended 31st December 2018 and the year ended 31st December 2018,…
Damen has confirmed that the new contract, signed in Singapore, was for two Damen 3307 patrol vessels, increasing the total number of Damen offshore patrol vessels in the Homeland fleet with the first ordered in 2014 and the fourth vessel in the series delivered in…
With the recent failures of the UK government to pass a deal for leaving the European Union next month, a general election this summer seems possible, despite both the Prime Minister and the Home Secretary ruling out a snap contest in June. If there were…
Eni has agreed to farm out a 30% interest in the Tarfaya Offshore Shallow Petroleum Agreement to Qatar Petroleum, subject to approval by the Moroccan authorities. The 23,900-square kilometre (9,228-square mile) Tarfaya Area, covering 12 exploration blocks, is in waters up to 1,000 metres…
