News

  • Westside snaps up offshore permit in New Zealand

    Westside New Zealand Limited has been granted one 12-year offshore permit in the Taranaki Basin, offshore New Zealand. The permit PEP 60402 has an area of 547 square kilometres.   The new petroleum exploration permit has been granted as part of Block Offer 2017. This was…

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  • New UK player buys out Shell, Exxon at Triton

    Tailwind Energy has signed an agreement with Shell and ExxonMobil to acquire their interests in the Triton Cluster, which Tailwind intends to further develop.   The Triton Cluster, located in the UK Central North Sea 190 kilometres east of Aberdeen, was initially brought into production…

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  • Russia led the world for oil and gas discoveries in Q3 2017

    A total of 30 oil and gas discoveries were made in the third quarter of 2017. Of these, 18 are conventional oil, one is heavy oil, one is unconventional gas, and the remaining ten are conventional gas, according to GlobalData, a data and analytics company….

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  • Alberta bitumen refinery begins diesel production

    North West Redwater Partnership (NWRP) has started diesel production at the first phase of its long-planned greenfield bitumen refinery still under construction in Sturgeon County, about 45 kilometres north-east of Edmonton.   Operator North West Refining Inc (NWR) began producing diesel from Canadian Synthetic crude…

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  • France enacts ban on oil, gas licensing

    The French legislature has passed the ban on oil and gas exploration and production announced earlier this year.   The law aims at halting production in France and its overseas territories by 2040. France produces about 15,000 b/d.   The government will not renew existing…

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  • Algeria’s Sonatrach Signs US$500 Million Deal With BP, Statoil

    Algerian state-owned energy company Sonatrach has signed an agreement with BP and Statoil to produce an additional 11 billion cubic metres (bcm) of natural gas from its Tiguentourine gas field, Sonatrach’s CEO said on the 20th December.   The field produces nine bcm per year,…

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  • TGS, Schlumberger to conduct 2D seismic survey in the Egyptian Red Sea

    TGS and Schlumberger have announced a new 2D multi-client seismic project offshore Egypt.   The project will comprise acquisition of a 10,000 kilometre (6,214 mile) 2D long-offset broadband multi-client seismic survey. It will integrate all legacy seismic and non-seismic data. Acquisition will begin in mid-December…

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