The Mediterranean-focused oil and gas company Energean might see further delay with the delivery of its FPSO hull from China on the back of the Coronavirus outbreak in the country.Just last week, Energean said that the delivery of the hull of…
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many exploration and production (E&P) boardrooms in 2019, but the impact on exploration drilling is not yet apparent. The global high impact well[1] count in 2019 was 91 wells…
CNOOC, China's largest offshore oil and gas producer, on Thursday said it would be affected by U.S. sanctions on its COSCO shipping firm but there would be no impact on its oil and gas production.'(The sanctions) will have some impact on our…
China's national offshore producer CNOOC Ltd reported a near 19% rise in first-half profit on Thursday, as higher sales of oil and gas offset weaker global oil prices.The listed arm of state-owned China National Offshore Oil Corp said that it…
New research delivered in partnership with the Oil & Gas Technology Centre (OGTC) and Robert Gordon University (RGU) has reached a milestone in understanding the psychological processes that govern technology adoption and deployment decisions…
As many as six high impact wells are yet to be completed this year around Africa, after several consecutive low-activity years with only a few positive results.According to the energy research and business intelligence company Rystad Energy…
South Africa continues to make progress in its endeavor to woo increased investment in the country’s highly under-developed offshore oil and gas market as the government’s slow and delayed plan to make cuts on crude oil imports begins to take shape…
In the first few weeks of 2019 there have been four high impact discoveries of conventional oil and gas, finding 25% of the high impact volume discovered globally in the whole of 2018.According to Westwood Insight, one of these discoveries, Glengorm in the UK North Sea…
A 10-year low in oil discoveries in Norway in 2017 doesn’t deter an expected increase in drilling in 2018, whilst performance continues to improve in the UK with the focus switching to gas for 2018, says Westwood Global Energy's Dave Moseley…
Global high-impact* exploration in 2017 is expected to match 2016 in both activity and success rates, and with a marked improvement in commercial oil volumes discovered and lower finding costs. High impact drilling commercial success…
French oil giant Total has agreed a farm-in deal with UK based independent Impact Oil and Gas, which will see it take major stakes in deepwater blocks offshore Namibia and South Africa. Total has acquired 70% of Impact’s interests in Block 2913B…
While the trend in spending for oil and gas companies since the crash in oil prices has been a steep decline, production has remained relatively stable since 2015. This might lead to the conclusion that companies have found ways to remain just as productive in the new price environment…
Africa-focused independent explorer Impact Oil and Gas has raised US$12.3 million, which is plans to spend on subsurface work, including 3D seismic survey covering approximately 1900sq km, offshore Namibia. In Namibia, Impact Oil and Gas operates Blocks 2913B…
California's governor Jerry Brown has urged US President Barack Obama to permanently withdraw waters off his state from new offshore oil and gas leasing and 'guarantee that future oil and gas drilling' is prohibited. Brown had sucessfully…
The Oil and Gas Climate Initiative (OGCI) is making an investment of US$1 billion over the next 10 years to develop and accelerate the commercial deployment of innovative low emissions technologies. OGCI Climate Investments (OGCI CI)…
