Mozambique’s oil and gas regulator said exploration contracts for the nation’s fifth licensing round in 2015, which awarded blocks to companies including Exxon Mobil and Eni, are close to being finalised. Winners of the bidding round have awaited legislation and a new model for…
The presidents of Azerbaijan and Iran have signed protocols for development of a jointly owned deep-water oil field in the Caspian Sea, according to a report in Iran Petroleum published by news service Shana. If ratified, the two countries would recover the oil on…
Italian oil company Eni has finalised a 10% stake sale in the Shorouk concession to UAE-based Mubadala Petroleum, a subsidiary of Mubadala Investment Company. Eni agreed to sell the stake to Mubadala Petroleum for US$934 million back in March and the finalisation was announced on Wednesday,…
Fly Erbil, Iraq’s only Kurdish airline, successfully completed its first scheduled flight on the 18th June. The plane set off from Erbil International Airport en route to Stockholm. The airline’s administrative director Ahmad Jamal said Fly Erbil currently has three planes and plans…
Scotland has a government opposed to hydraulic fracturing but not a ban on the completion technique, the Court of Session in Edinburgh has ruled. Ineos Shale, which holds two petroleum exploration and development licences between Glasgow and Edinburgh, welcomed the ruling even though it…
ConocoPhillips Australia has awarded three major engineering contracts for the front-end engineering design (FEED) phase of the Barossa offshore project. Barossa is a gas and light condensate project which proposes to provide a new source of gas to the existing Darwin LNG (DLNG) facility,…
Wind power is highly competitive in Finland without subsidies. In the coming years, significant amounts of market-based wind power will be built in Finland, which will change the Finnish electricity system. Wärtsilä Energy Solutions has modelled the Finnish electricity system and calculated capacity, electricity…
Minnesota regulators will open two days of final arguments on whether they should approve Enbridge Energy’s proposal for replacing its deteriorating Line 3 crude oil pipeline from Canada across Minnesota. The proposal has aroused intense opposition from tribal and climate change activists. The Public…
Repsol and partner Woodside have discovered oil in the Ivela-1 exploration well in the Luna Muetse (E13) block offshore Gabon, according to Spectrum Geo. The well intersected a 78-metre (256-foot) gross oil column, a month after a Petronas discovery in presalt sands in the…
The 335,000-barrel-per-day Isla refinery operated by Venezuela’s state-run PDVSA in Curaçao is working at minimum capacity while awaiting new crude shipments and as a tanker backlog in the country’s ports began to ease, four sources close to the facility said on the 18th June. …
