Ophir Energy Plc Equatorial Guinea’s Ministry of Mines and Hydrocarbons, and the country’s national oil company GEPetrol have signed a production-sharing contract for Block EG-24 offshore Rio Muni. Ophir will operate the block with 80% interest. GEPetrol will have 20% with the option to…
Total E&P Ireland has completed a farm-in to licensing option (LO) 16/27 offshore western Ireland. This follows approval by the Minister of State at Ireland’s Department of Communications, Climate Action and Environment to the transfer of 50% equity and operatorship of LO 16/27 (Avalon)…
Russian state oil major Rosneft has agreed to invest US$400 million in five oil blocks in Iraqi Kurdistan, increasing Moscow’s exposure to the semi-autonomous region despite a major spike in tensions with the central government in Baghdad. Rosneft has previously loaned Kurdistan US$1.2 billion…
Japan Oil, Gas, and Metals National Corporation (JOGMEC) and Petrovietnam have renewed the Memorandum of Understanding regarding comprehensive cooperation in Vietnam. JOGMEC and Petrovietnam have established and maintained their relationship since November 2007 through collaborative activities in E&P business and R&D projects. The…
China is in a “golden age” for natural gas which will make it the world’s biggest user of the fuel sometime between 2040 and 2050, according to analysts at Sanford C Bernstein & Company. The nation is poised to outpace the US, the current…
More than five decades of success off its coast farther south is helping Norway move ahead in seeking additional oil and gas resources in the Barents Sea, a government official indicated on the 17th October. The country also signed a delineation and data-sharing treaty…
Norwegian oil and gas company, or in this context, energy company, Statoil, has brought online the world’s first floating offshore wind farm – the Hywind Scotland. According to Statoil, the wind farm, to be officially opened on the 18th October by the First Minister of…
As part of its recent US$9.1 billion investment in Russian oil giant Rosneft, little-known CEFC China Energy will have access to up to 260,000 barrels per day (bpd) of Russian oil – giving it the sort of market clout to potentially challenge dominant Western oil…
The Honghua Group Limited has awarded a US$12 million front-end engineering design (FEED) contract to Wood for its liquefied natural gas platform development in the West Delta area of the Gulf of Mexico. The main objective of the FEED is to finalise the design…
Four companies, Add Energy, Transborders Energy (TBE), TechnipFMC, MODEC have teamed up to create what they say is a unique and fast deployment business model for the floating liquefied natural gas industry which will free up small-scale stranded resources around the world and establish a new…
