Thailand’s PTT Exploration & Production PCL (PTTEP) will delay its final investment decision on the 612-square kilometre Mariana Oil Sands Project near Athabasca, Alberta, according to a Reuters report. PTTEP also will record a US$550-million impairment in its third-quarter earnings. The Thai state firm…
Wood Mackenzie analysts believe that Libya’s oil production might have reached near-term limits with only gradual future growth. The possibility of longer-term political normalisation and a reduction in the nation’s political conflicts depends on Libya maintaining oil production. Libya’s oil production increased steeply to…
Within a few years America could be extracting oil from federal waters in the Arctic Ocean, but it will not be from a remote drilling platform. Federal regulators are taking comments on a draft environmental statement for the Liberty Project, a proposal by a…
The crisis unfolding around the Iraqi city of Kirkuk has left some of the world’s largest commodity trading houses worried the country’s autonomous Kurdish region will struggle to repay billions of dollars in cash-for-oil loans. The approximately US$3.5 billion in debts were going to…
Total has agreed to acquire 70% of Impact Oil & Gas’ interests in block 2913B offshore Namibia, and 77.78% of Impact’s interests in the Orange basin deep technical cooperation permit (TCP) off South Africa, once an exploration right has been secured over the area. …
Oil and gas company KrisEnergy has made a final investment decision (FID) to proceed with the first phase of development for the Apsara oil field, the first hydrocarbon development project in Cambodia. Located in Cambodia Block A in the Gulf of Thailand, Phase 1A…
Iraqi Oil Minister Jabar Ali al-Luaibi has asked UK-based BP to develop the disputed Kirkuk oilfields. The move comes just a day after Baghdad regained control of the area from Kurdish forces. Control of the field remains split between the Kurdistan Regional Government…
As a preview of Energean Oil & Gas SA’s estimated US$5 million spend for 3D surveys and geological and geophysical studies in 2018, the company has reported that its two offshore Montenegro blocks could contain 1.8 tcf of natural gas and 144 million bbl of…
Calgary, has agreed to sell its Palliser crude oil and natural gas assets in south-eastern Alberta to Torxen Energy and Schlumberger Ltd for C$1.3 billion in cash. The Palliser block consists of oil and gas wells, surface facilities, a pipeline network, and 800,000 acres…
Norwegian solar panel maker Saga Energy has signed a deal worth €2.5 billion (US$2.9 billion) with Iran’s state-owned company Amin Energy Developers to build solar power plants. Gaute Steinkopf, a consultant who assisted Saga Energy in reaching the deal, says it was signed on…
