Mexico’s Senate approved a new energy reform bill on Wednesday that will open the country’s oil and gas industry to private and foreign investment through production sharing agreements and licensing. President Enrique Pena Nieto’s ruling…
Total has signed an exploration and production-sharing agreement for deepwater Block 41 with Oman's Ministry of Oil & Gas, the company announced today. The block is off the northern Omani coast, northwest of the capital, Muscat. It spans 23…
Today, in Kiev, Eni signed a production sharing agreement (PSA) with the Ukrainian government, represented by the Minister of Energy Eduard Stavytsky, in the presence of the President of Ukraine Viktor Janukovič, for the exploration and development of an area located in Ukraine’s Black Sea…
PetroVietnam has signed new agreements with India's ONGC Videsh, and Russia's Rosneft. PetroVietnam's new memorandum of understanding with ONGC Videsh extends one previously signed in 2011. The MOU covers the joint exploration of hydrocarbons in Vietnam and India…
For the second time since it produced first oil a month ago, a gas leak has sidelined Kashagan’s operations. The North Caspian Operating Company (NCOC) said that the leak was found on a pipeline running from the artificial D Island to the onshore Bolashak processing plant in Atyrau…
Kazakhstan's Kashagan oilfield has resumed production after its latest delay, a shutdown on September 25 following the detection of a gas leak. Discovered in 2000, it has taken 13 years and approximately $50 billion before production started on September 11…
On Oct.1, Brazil's National Petroleum Agency (Agência Nacional do Petróleo, ANP) said that 11 companies were registered and qualified to bid for pre-salt licenses at the upcoming Santos basin auction. The ultra-deepwater Libra field is estimated…
A gas leak discovered in a pipeline running to the Bolashak processing plant in Atyrau shut the Kashagan field 16 days after initial production kicked off on September 11. Production is reportedly expected to be stopped for 3-4 days. Wells…
Representatives from Brazil’s government and oil and gas industry advocated strongly for British investment at UKTI’s panel discussion on Brazil Tuesday morning. “Several companies are going to Brazil, and now is the time to go,” said Carlos Camerini…
Mexican President Enrique Peña Nieto proposed his plans to reform Mexico’s energy industry in an effort to ease restrictions on foreign investment. The plan calls for amendments to articles 27 and 28 of the Mexican Constitution, which…
BP and China National Offshore Oil Corp. (CNOOC) Ltd. signed a production sharing agreement for Block 54/11 in the South China Sea, the two companies confirmed on July 16. The block covers 4586sq km in water depths ranging from 370-2300m…
East Africa-focused exploration firm Aminex is to carry out a new seismic survey offshore Tanzania after being granted an appraisal license. The license, in the Rovuma production sharing agreement (PSA) area, covers the Ntorya-1 discovery well…
Aminex has been given extra time to carry out exploration in its licence in Tanzania's offshore Rovuma Basin. Partner in the licence Solo Oil, said the Tanzanian Petroleum Development Corporation had agreed a variation of the terms of…
On 7 December 2012, the Government of Malta awarded three offshore blocks totaling 6,400sq km to Capricorn Malta, a subsidiary of Edinburgh-based Cairn Energy. Cairn CEO Simon Thomson, who succeeded Sir Bill Gammell as chief executive in July 2011…
With close proximity to the offshore Cantarell and Ku-Maloob-Zaap fields, the inland Gulf of Mexico port of Villahermosa is a major operation center for Mexican state oil company Pemex. Last month the city again played host to the Petroleum Exhibition & Conference of Mexico (PECOM)…
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