Japan's biggest oil and gas explorer Inpex Corp and the Indonesian government signed a basic agreement on the development of Indonesia's Abadi liquefied natural gas (LNG) project on Sunday, moving forward the $15 billion project.Inpex President Takayuki Ueda said the Japanese company…
The outlook for West Africa’s offshore oil and gas market remains positive despite some hiccups hinged on delay by some countries in the region to align their hydrocarbon regulations to prevailing market trends and the intensifying global competition…
Greece and Cyprus will push their EU partners to penalize Turkey, including the possible option of sanctions, if Ankara is verified to have started drilling for gas west of Cyprus, Greek Prime Minister Alexis Tsipras said on Sunday.The discovery…
Equinor announced on Monday that it has discovered oil and gas in separate formations of cut by the same well, and all indications are that a new oil-heavy play in a Norwegian Sea gas province may create a rush to oil if the area’s notoriously splintered geology can be mastered…
Brazilian state-run oil firm Petroleo Brasileiro SA has made natural gas discoveries in six deepwater fields in the Sergipe Basin, it said in a regulatory filing on Monday.Petrobras said it is now looking at drawing up a budget plan to finance…
Equinor and its partners Ineos E&P and Faroe Petroleum have made an oil and gas discovery in exploration well Snadd Outer Outer/Black Vulture in production licence 159B in the Norwegian Sea. The well had two different reservoir targets; an upper…
French President Emmanuel Macron urged Turkey to stop 'illegal activities' in Cyprus's exclusive economic zone and said the European Union would not back down on the issue.European Union members have pressured Turkey to drop its plans for offshore…
Australia's fast-expanding liquefied natural gas industry has this year been supplying the lion's share of China's growing demand for imports of the commodity, with appetite surging as Beijing shifts away from dirtier fuels such as coal.Australia…
President Donald Trump said on Wednesday he was considering sanctions over Russia's Nord Stream 2 natural gas pipeline project -- which the United States has told European companies to avoid -- and warned Germany against being dependent on Russia for the fuel…
Partners in the Sleipner field will disclose datasets from the world's first offshore carbon capture and storage (CCS) plant, in a push to advance innovation and development on the field of carbon dioxide (CO2) storage, Norwegian energy company Equinor announced on Wednesday…
Oil companies Reliance Industries Ltd (RIL) and BP announced on Tuesday they will jointly develop the deepwater MJ project offshore the east coast of India.MJ (also known as D55) is the third of three new gas projects in the Block KG D6 integrated development plan…
A cursory look at rig, seismic and yard activity in the world is enough to deduce that there’s more happening in the Arctic than Greens tying themselves to seventh-generation drilling units.A judge may have blocked Alaskan drilling in coastal…
Israel on Thursday extended its tender by a month to grant new licenses for offshore oil and natural gas exploration.The deadline for bids was due by June 17 but the Energy Ministry extended it until July 15, with the winners to be announced on August 12…
A joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development, McDermott International announced on Wednesday…
Thirty companies have acquired acreage in the UK 31st Offshore Licensing Round, the country’s Oil and Gas Authority (OGA) announced on Tuesday.In all, 37 licence areas were awarded over 141 blocks or part-blocks to a broad spectrum of companies…
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