Italy's Edison is to acquire Apache Beryl I's assets in license P185 Block 15/22 in the UK Central North Sea, including non-operated stakes in the Scott (10.5%) and Telford (15.7%) fields. This deal, which is subject to customary closing conditions…
In 2013, Brazil produced 2MMb/d of crude oil and nearly 1Tcf of gross natural gas. Within these figures, the share of production from presalt resources found under thick layers of salt thousands of feet below the ocean's surface remains small but continues to increase…
Total has completed the flare out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria. The associated gas of the Ofon field is now being compressed, evacuated to shore and monetized via Nigeria LNG. “The flare-out of the…
CNOOC encountered oil and gas at its deepwater Lingshui 25-1 prospect in the Qiongdongnan Basin in the South China Sea, the operator confirmed on 6 January 2015. The well was tested to produce about 35.6 MMcf/d of natural gas and 395 b/d of oil…
Gazprom has agreed to buyout its South Stream Transport partners Eni, Wintershall and EDF just weeks after the project, which was already in construction phase, was cancelled. South Stream Transport was owned 50% by Gazprom, with Eni holding 20%…
Indonesian authorities have approved a plan of development (POD) for the Lengo gas field in the Bulu production sharing contract (PSC) offshore East Java. Approval of the POD paves the way for the operator, KrisEnergy, to pursue formal…
The Israel Anti-trust Authority advised Noble Energy and its Leviathan field partners of its decision to not submit the Consent Decree to the Anti-trust Tribunal for final approval. Maps from Noble. Noble…
Hess’s Australian subsidiary, Hess Exploration Australia Pty Ltd. and the North West Shelf (NWS) signed a non-binding letter of intent (LOI) for Hess to develop its natural gas discoveries in its deepwater permits offshore northwestern Australia…
Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland. Illustration of the LNG terminal. From Wärtsilä…
The UK’s oil and gas industry workforce is expected to contract 9%, or by 35,000 jobs, between this year and 2019 according to a newly released report. Produced by professional services firm EY, for Oil & Gas UK, industry skills body OPITO and the Department for Business…
Statoil has shut its Snohvit LNG plant down because of a gas leak, Reuters has reported. While it is not yet known when the plant will return to production, Statoil Spokesperson Oerjan Heradstveit told the news service: 'The situation is now under control and there is no longer a leak…
Centrica Resources Norge has made a small gas discovery about 20km from Statoil's Aasta Hansteen development in the Norwegian North Sea, says the Norwegian Petroleum Directorate (NPD). The 6707/10-3 S well, in production license 528 B…
Scientific drilling confirmed the presence of natural gas hydrates on the North and Central American continental shelves in late 1970s and early 1980s, but it was only recently that researchers began to seriously assess methane hydrate development…
North Celtic Sea focused explorer Lansdowne Oil & Gas has entered into a farm-in agreement with PSE Kinsale Energy - a wholly owned subsidiary of Malaysia's Petronas. Under the terms of the agreement, Kinsale Energy will acquire an 80%…
Eni and Sonangol have agreed to up a joint team aimed at studying the potential of the non-associated gas present in the Lower Congo basin. Under the agreement, Eni and Sonangol will set up a joint team aimed at studying the potential…