Israel’s Delek and US Noble Energy have obtained an extension to the Alon D licence in the Mediterranean Sea, offshore Israel. The exploration licence covers 400 square kilometres in the northern waters of Israel’s EEZ, a few kilometres east of the Karish gas field,…
Singapore-based oil and gas company KrisEnergy and the government of Cambodia have signed fiscal and technical agreements for the country’s first oil field development in Cambodia Block A in the Gulf of Thailand. Earlier this month, the government approved the signing schedule for the petroleum agreement…
The Danish Straits and Turkish Straits, together transited by a combined volume of more than five million barrels per day (b/d) in 2016, are important chokepoints for Europe’s crude oil and petroleum liquids supply. Nearly 59 million b/d of global petroleum and other liquids production…
Ophir Energy has announced that Gunvor Group has been nominated as the preferred buyer of LNG for offtake from the Fortuna FLNG project, offshore Equatorial Guinea. According to Ophir, principal commercial terms subject to finalising a Sale and Purchase Agreement (“SPA”) for the offtake…
Libya has halted loadings from its biggest oil field in the latest disruption to the OPEC nation’s crude production and shipments. Force majeure was declared since the 18th August on shipments from Sharara, made through the Zawiya export terminal, state-run National Oil Corporation Chairman…
Lithuania received its first spot shipment of liquefied natural gas (LNG) from the United States on the 21st August, the result of a deal aimed at reducing dependence on Russia and consolidating relations with Washington amid increased tension in the region. Russia’s annexation of…
BHP Billiton Ltd is in talks with potential buyers of its US shale assets — acquired in a contentious US$20 billion deals spree in 2011 — and will delay a move into potash after months of public skirmishes with activist investors led by Paul Singer’s Elliott Management…
OMV Offshore Abu Dhabi GmbH, on behalf of Abu Dhabi National Oil Company (ADNOC), has awarded KBR Inc a project management services contract for the front-end engineering design (FEED) phase of the Hail and Ghasha development project. Hail and Ghasha together comprise one of…
With the recent deliveries of two giant FLNG units to Australia, the Ichthys Venturer and the Prelude, the next unit is destined for Africa’s Cameroon. Namely, Golar LNG has informed that the conversion of the Hilli Episeyo tanker to an FLNG unit is nearing completion and…
French oil giant Total is set to acquire its Danish rival Maersk Oil and Gas for US$7.45 billion dollars. Danish Maritime giant Maersk A/S confirmed on the 21st August that it had entered into an agreement to sell its subsidiary Mærsk Olie og Gas…
