New Zealand Oil & Gas has reached agreement to sell its 15% interest in the Kupe gas and light oil fields and production station to Genesis Energy for US$119 million (NZ$168 million), offshore New Zealand. The effective date of the transaction…
Israel's Minister of Energy has opened the country's first offshore bid round covering 24 areas in the Levant Basin, with some located close to existing major gas discoveries. The discovery of giant gas fields in the Levant Basin, offshore…
A total of 32 crude and natural gas projects are expected to commence operations in the North Sea region by 2025, with the UK claiming the highest number at 22, followed by Norway and Denmark with nine and one respectively, according to research and consulting firm GlobalData…
New Age is continuing the evaluation of development options, including scope for early-stage development plans for the Etinde concession, offshore Cameroon, according to partner Bowleven. Image of the Etinde area…
French giant Total and the National Iranian Oil Co. (NIOC) have entered into a heads of agreement (HoA) for the development of phase 11 of the giant South Pars project, in the Persian Gulf. Pouyanné…
Bahrain authorities have invited Eni to study and assess the potential of some exploration and production assets in the country. To this purpose four agreements have been signed between the Bahrain Petroleum Co. (Bapco), Tatweer Petroleum and Eni…
In this video, Chevron shows the process it took for its Alder HPHT field to reach first gas, 41 years after in was discovered. Chevron’s high-pressure, high-temperature (HPHT) gas condensate Alder field in the Central North Sea started production this week…
Chevron started production at the high-pressure, high-temperature (HPHT) gas condensate Alder field in the Central North Sea that will help extend the field life of Britannia. Image of the installation of the Alder subsea isolation valve…
Subsea 7 has awarded Van Oord two contract for the construction of a landfall and the execution of subsea rock installation works for BP’s West Nile Delta project, offshore Egypt. West Nile Delta comprises the development of a series of gas fields…
Independent Oil and Gas (IOG) has received initial results from new interpretations of 3D seismic data covering the Blythe Hub licenses in their Southern North Sea (SNS) portfolio and also provides a further update on the Cronx acquisition…
It took a long time for exploration to make its impact offshore East Africa. Now it has, will there be another wait for LNG projects to look profitable? Professor Alex Kemp reflects. Image from iStock…
Mozambique’s emerging LNG business may be picking up after a quiet period. John Sheehan reports on progress made, including Eni’s Coral FLNG project. An Anadarko employee. Images from Anadarko…
UK explorer Independent Oil and Gas (IOG) has completed the acquisition of 100% of the shares of Oyster Petroleum, a subsidiary of Verus Petroleum. Oyster holds southern North Sea licenses containing the Vulcan East, Vulcan North West and Vulcan South fields…
Quadrant Energy’s Phoenix South-2 (PS-2) well is expected to commence in the next seven days to appraise the Phoenix South-1 oil discovery in the Barret Sandstone and evaluate the deeper Caley Sandstone, akin to the Roc field, for gas and condensate…
Dresser-Rand received an order from Egypt-based Belayim Petroleum Co. (Petrobel) for three model SGT-400 industrial gas turbines, including associated electrical generators. Petrobel, a joint venture formed by Italy-based Eni, and Egypt’s General Petroleum Corp…