BP has announced that, together with its partner the Oman Oil Company Exploration & Production, it has approved the development of Ghazeer, the second phase of the giant Khazzan gas field in Oman. The final investment decision (FID) for Ghazeer follows the successful start-up…
Italian oil company Eni expects its production to increase by 3.5% per year over the next four years with plans to invest €900 million (US$1.1 billion) per year on exploration activities and discover two billion barrels of new resources. On the 10th April Eni CEO…
Exxon Mobil Corporation is in talks with Qatar over a possible deal which could see the country investing in the company’s US shale gas resources, the Wall Street Journal reported on the 10th April. The deal could take the shape of a joint venture…
Abu Dhabi National Oil Company has launched its first competitive oil and gas licensing round, offering four onshore and two offshore blocks that cover nearly 30,000 square kilometres. The company has opened a website dedicated to the round where interested bidders can register and…
As a direct response to New Jersey Governor Phil Murphy’s goal to promote the development of 3,500 MW of offshore wind by signing Executive Order #8 in January 2018, EDF Renewable Energy (EDF RE), who has been preparing for the New Jersey market to open…
The Philippines is looking to seal a pact with China within a few months to jointly explore for oil and gas in a part of the busy South China Sea waterway claimed by both countries, a Philippine official said on the 9th April. In…
Melbana Energy has completed a tender for the supply of a drilling rig for Block 9 onshore Cuba in late 2018. Bids are currently being evaluated, including options that provide for a ‘turn key’ type arrangement submitted by an established operating entity in Cuba….
Sapura Energy announced that its wholly-owned subsidiary, Sapura Exploration and Production (Sarawak) Inc and its partners, Petronas Carigali and Sarawak Shell, have taken the Final Investment Decision (‘FID’) to develop the Gorek, Larak and Bakong fields as phase 1 in the SK408 Production Sharing Contract….
The largest political risks facing the oil and gas sector this year remain centred around Iran and Venezuela. That is the view of oil and gas analysts at BMI Research, who highlighted that uncertainty surrounding the future of sanctions on Iran, and Venezuela’s ability…
State-owned Oil & Natural Gas Corporation has spudded the first of 34 subsea wells planned in its US$5-billion KG-DWN-98/2 deep water oil and gas development. The Vantage Drilling International Platinum Explorer drillship is drilling the KDG-A well to a target depth of 2,346 metres…
