Performance of Senegal’s offshore oil and gas market appears to be gaining momentum as the West African country moves to shed the tag of being an uncertain prospectivity to join the region’s league of oil and gas producers as more international…
Italian oil and gas company Eni has discovered more gas near the Merakes field offshore Indonesia.Eni said on Wednesday it successfully drilled a well in the East Sepinggan block offshore Kalimantan to a depth of 3,400 m MD in 1,592 m of water…
The Brazilian oil and gas market has begun to heat up again with the resumption of the pre-salt block tenders, leading a range of service companies to gear up to offer a variety of new technologies aiming to help operators overcome the technological…
China's CNOOC Ltd indicated a renewed commitment to oil and gas exploration on Tuesday as its chairman said it would raise spending to a record while signing strategic exploration agreements with nine firms for the South China Sea.The strategic…
Angola’s Sonangol and British supermajor BP on Monday signed an agreement to progress to final investment decision (FID) for the development of the Platina field in the BP-operated deepwater Block 18, offshore Angola.Platina would be BP’s first…
The Brazilian energy advisory council on Monday approved the sixth-round auction for Brazil's coveted pre-salt offshore oil area to be held next year, the energy ministry said.The auction will include the two new blocks of Southwest Sagittarius…
Production from the Aasta Hansteen gas field in the Norwegian Sea began Sunday, opening a new region for gas export to Europe, Norway's Equinor announced Monday.The Aasta Hansteen field, named after the Norwegian feminist, social commentator…
Mexican state-run oil giant Petroleos Mexicanos will focus on existing shallow water assets and refining next year at the expense of riskier, deepwater projects under a new government that has vowed to turn around the ailing company.The 2019…
French supermajor Total SA has been awarded two new blocks covering 14,175 square kilometers, offshore Mauritania by the natural resource-rich country's Ministry of Petroleum, Energy and Mines hence boosting the integrated oil and gas company's…
The Brazilian government has reached an agreement with state-controlled oil company Petróleo Brasileiro SA over the so-called transfer of rights area, Finance Minister Eduardo Guardia said on Wednesday.Guardia declined to disclose values nor who is owed what under the terms of the agreement…
A small amount of crude oil belonging to Royal Dutch Shell Plc leaked during a ship-to-ship oil transfer in Brazilian waters last month, the company confirmed to Reuters on Monday.About 200 milliliters of crude were released on Nov. 30 during the maneuver…
A wave of renewed investment approaching the deep waters offshore Brazil has rekindled demand for new, highly-specialized vessels.Underwater service providers play a major role in maintaining offshore assets by performing diving operations and remotely operated underwater vehicle (ROV) surveys…
Brazil's right-wing President-elect Jair Bolsonaro is likely to revise the just-announced investment plans of state-controlled oil company Petroleo Brasileiro SA, newspaper O Estado de S. Paulo reported on Thursday, citing an unnamed source…
Independent crude oil and natural gas producer Canadian Natural Resources (CNR) and its joint venture partner in Cote d'Ivoire, Svenska Petroleum, plan to commence the fourth phase of the development of the deepwater Espoir asset in 2019, on…
Brazilian state-run oil company Petroleo Brasileiro SA plans to raise some $26.9 billion via asset sales and partnerships by 2023 while boosting investments on the front edge of an anticipated production boom in Brazil.Petrobras intends to make $84…
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