Brazil’s oil and gas sector related businesses traded about R$22 billion (about US$5.6 billion) in the last two years. This figure from the National Agency for Petroleum, Natural Gas and Biofuels (ANP) was presented during a ceremony on the balance of advances in the sector…
Energy company Eni aims to start output of natural gas from its offshore Merakes project in Indonesia in 2021, the country's deputy energy minister said on Tuesday.Initial production at Merakes would be 155 million cubic feet of natural gas per day (mmcfd)…
Gabon's Minister of Oil and Hydrocarbons Pascal Houangni Ambouroué has unveiled a new offshore licensing round covering 12 shallow-water and 23 deep-water blocks.A report from global law firm Dentons pointed out that this new bid round for offshore…
Island nation Madagascar puts 44 blocks in the Morondava Basin up for grabs, detailing exploration and exploitation periods under production sharing contracts.In the framework of the development of Madagascar's oil and gas potential, the Malagasy…
General Electric Co's unit Baker Hughes is preparing an offer for a production-sharing deal with Brazil's Petrobras, a Baker Hughes executive said on Tuesday, as the state-run oil company seeks creative ways to boost output from mature fields…
Malaysian oil and gas exploration and production company Hibiscus Petroleum is aiming to double its oil output in the United Kingdom and Malaysia to 20,000 barrels per day (bpd) by 2021, a senior company executive said on Thursday.It needs an…
Production of oil and natural gas at the Russian Pacific island of Sakhalin is expected to decline next year, the local government said in an emailed response to a Reuters query.Sakhalin, which is also famous for producing seafood, derives most…
Brazil’s National Energy Policy Council has approved acreage to be offered in the 15thRound of Bids for Exploration, scheduled for 29 March, 2018, of the 15th Round of Bids for Exploratory Blocks, and the 4th Round of Bids for production sharing on 7 June 2018…
Tullow Oil and partner Sterling Energy have decided to exit Block C-10 offshore Mauritania after determining the block’s prospects did not commercially justify a third phase of exploration. Block C-10…
Joint operator Husky-CNOOC Madura has started first production from the BD gas field in Indonesia. The BD gas field is in the Madura Strait in 55m water depth. It is being produced via an unmanned wellhead platform, a floating production…
After years of turbulence fueled by scandal and debt woes, Brazil and its oil company Petrobras detailed how they intend to get back on the right track. Melissa Sustaita reports. Fernando Coelho Filho…
Petrobras and CNPC have signed a memorandum of understanding (MoU) in Beijing to structure a strategic partnership. The MoU was signed by Petrobras CEO Pedro Parente, and Wang Dongjin, VP of CNPC and CEO of PetroChina. The MoU will…
Sapura Energy’s SK310 B15 gas field development project offshore Malaysia remains on track for first production in Q4 2017, the company announced in its 19 June earnings update. Despite a challenging market due to oil price uncertainty…
Canadian explorer Husky Energy has signed a production sharing contract (PSC) for a new exploration block offshore China. Block 16/25 is in the Pearl River Mouth Basin, about 150km southeast of Hong Kong. Husky expects to drill two exploration wells on the shallow water block during 2018…
State oil firm Petrobangla has signed a production sharing contract with South Korea's Posco Daewoo Corp. for deep sea block DS-12 in the Bay of Bengal. The agreement includes a commitment to carry out 2D and 3D seismic surveys, within the first three years…
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