BP and Egypt’s minister of petroleum signed three amendments for concessions offshore Egypt, that will allow for the economic development of its giant Nooros project. Image from BP. The…
Italian giant Eni and the Egyptian Government entered into an agreement for three amendments for the IEOC concessions, both onshore and offshore Egypt that will see the Italian giant make an additional investment of more than US$2 billion in the next four years…
Eni is increasing its presence offshore Egypt, as the company picks up two licenses in the 2015 EGAS bid round. Image from Eni Flickr. The two exploration licenses, North El Hammad and North Ras El Esh…
Egypt's state gas company EGAS announced the result of the 2015 international exploration Mediterranean bid round, with blocks awarded to BP, Eni, Edison and Total. In total, four blocks were awarded, with a total investment of US$306 million and a signing bonus of $10…
Egypt has announced the results of its delayed 2014 exploration bid round. The round sought to find companies to explore 10 areas in the Gulf of Suez, the Eastern Desert, and east and west of the Nile. Six of those area offshore in the south Gulf of Suez…
TGS announces a new multi-client 3D survey offshore Eastern Canada with plans to acquire approximately 4300sq km of seismic data. This survey is conducted in partnership with PGS. The Ramform Valiant, using the PGS GeoStreamer technology…
Tullow and Pancontinental Oil & Gas subsidiaries entered into an agreement to amend the farm-out agreement for exploration license 0037 (EL 0037) which covers 17,295sq km (4.2 million acres) in water depths extending to 1800m in the Walvis basin offshore northern Namibia…
Penspen underlined its commitment to growth in the Middle East with three new appointments and investment in a new office in Iraq. Ahmed Al-Dadah and Na’el Barghouthi have this month joined the company from other engineering providers…
Höegh LNG Holdings has signed an FSRU contract with Octopus LNG for the Penco-Lirquén LNG import terminal to be located in Concepción Bay, Chile. The contract is for a period of 20 years and is expected to generate an average annual EBITDA of around US$36 million…
Chevron has said it is canceling plans to drill for oil in the Beaufort Sea in Canada's Arctic because of economic uncertainty in the industry as oil prices fall. Beaufort Sea map. From Chevron. The…
German company RWE Dea has been awarded two offshore blocks in the Gulf of Suez in Egypt’s international bid round. The new RWE Dea licences in the Gulf of Suez Map from Dea RWE will become…
Audrey Leon takes a look at recent exploration and production activities occurring offshore Tunisia. Top: The Ashtart platform offshore Tunisia. Bottom: The Maamoura platform operated by Eni Tunisia…
Circle Oil has started drilling exploration well EMD-1 on the offshore Mahdia Permit using the drillship PetroSaudi Discoverer. The well is near existing producing fields, including the Tazerka, Birsa, Oudna, and Halk El Menzel oil fields…
In its 2014 Atlantic hurricane season outlook issued today, National Oceanic and Atmostpheric Association’s (NOAA) Climate Prediction Center is forecasting a near-normal or below-normal season. The main driver of this year’s outlook is the anticipated development of El Niño this summer…
Marine geophysical company Polarcus completed a 3000sq km 3D sesmic survey in license area EL 0037 in the Walvis basin offshore Namibia for operator Tullow Oil. A second 2D acquisition phase has now started. It will cover approximately 1000km and will take about two weeks to complete…
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