Guyana Vice President Bharrat Jagdeo told Reuters the country plans to take back 20% of the giant Stabroek oil block that has been responsible for a series of massive discoveries from a consortium led by Exxon Mobil Corp., and remarket it by next year.More than 11 billion barrels of oil and gas found to date in the 6.6 million acre (26,800 sq km) block. The group's contract allows Guyana to reclaim unexplored portions this year…
Finland-based marine equipment and technology provider Wärtsilä said Wednesday it would operate the power modules onboard an FPSO vessel in Brazil on behalf of the owner 3R Petroleum. The vessel operates in the Papa Terra oilfield offshore Brazil…
Adamantine Energy Seychelles, a wholly owned subsidiary of Adamantine Energy, has announced the signing of a Petroleum Agreement (PA) to formally acquire a 100% operated stake in two blocks offshore the Seychelles. The blocks are the Beau Vallon and Junon blocks…
Waldorf Production and Shorelight Partners today announced the signing of a sale and purchase agreement for the acquisition of the entire share capital of Alpha Petroleum, an upstream oil and gas company focusing on the UK North Sea, by Waldorf…
QatarEnergy on Wednesday signed a cooperation agreement with NAMCOR Exploration and Production (NAMCOR E&P), a subsidiary of the National Petroleum Corporation of Namibia (NAMCOR).'The agreement provides the framework for cooperation between…
Qatar Petroleum has signed agreements with France's TotalEnergies to acquire interests in three offshore exploration blocks in South Africa.Subject to regulatory approvals, Qatar Petroleum will hold a 25% stake in the South Outeniqua block, a 30% interest in the DWOB block…
Qatar Petroleum has signed a deal with oil major Shell to become a partner in two exploration blocks offshore Namibia.Under the deal, for which financial details were not disclosed, Qatar Petroleum will hold a 45% participating interest in the…
The government of Guyana has granted an extension to the term of the Tullow Oil-operated Orinduik offshore block that will see the block partners maintain control of the block until 2023. According to Eco Atlantic, Tullow Oil's partner in the offshore block…
Engineering and technology consultancy Vysus Group - formerly LR Energy - has signed a framework agreement with the Norwegian offshore oil and gas safety body Petroleum Safety Authority Norway (PSA)The agreement will see Vysus Group support…
Qatar's state-owned oil and gas company Qatar Petroleum has entered into a farm-in agreement for an acquisition of a stake in an offshore block in Angola.Qatar has reached the deal with Angola's Sonangol, and France's Total to acquire a 30% participating interest in Block 48…
Qatari state-owned oil and gas company Qatar Petroleum has entered into what it says 'are the largest LNG shipbuilding agreements in history to secure more than 100 ships valued in excess of QR 70 billion [USD19,2 billion] to cater for its LNG growth plans…
Qatari-state owned oil and gas company Qatar Petroleum has signed a farm-in deal with France's Total to acquire a 45% participating interest in blocks CI-705 and CI-706, located in the Ivorian-Tano basin, offshore Ivory Coast.The two blocks cover an area of approximately 3…
Qatar's state-owned oil and gas company Qatar Petroleum has signed three farm-in agreements to acquire about 30% of Total’s participating interest in blocks 15, 33 and 34 located in the Campeche Basin, offshore Mexico.Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs…
Bursa Malaysia-listed oil and gas firm Hibiscus Petroleum has signed agreements with global oil trader Trafigura for crude offtake and for future financing.The agreements include potential future offtake of crude oil by Trafigura from assets owned/projects undertaken by Hibiscus…
Qatari state-owned oil and gas company Qatar Petroleum has signed a deal to reserve LNG ship construction capacity in China in a deal potentially worth more than $3 billion.QP said that the reserved LNG carrier construction capacity would be used for QP’s future LNG carrier fleet requirements…
Subscribe
