Offshore Energy News - page 59

 

Neptune Awarded Dutch Exploration Block

Nov 20, 2019

Neptune Energy said it has been awarded an exploration permit for block F5 in the Dutch sector of the North Sea from the Ministry of Economic Affairs & Climate Policy.The block is located 200 kilometers north of Den Helder and 25 kilometers southwest of the Neptune-operated F3-B platform…

Norway Oil Output Beats Forecast, Gas Lags

Nov 19, 2019

Norway's oil production rose in October from the previous month, beating official forecast by 4.5%, while gas production continued to lag, the Norwegian Petroleum Directorate (NPD) said on Tuesday.Output from the giant Johan Sverdrup oilfield kicked in ahead of schedule last month…

Energean Seeks to Pipe Karish Gas to Cyprus

Nov 19, 2019

Energean Oil & Gas said on Tuesday its Energean International unit submitted an application to import and supply natural gas to Cyprus starting in 2021.In its application to Cypriot authorities, it said it sought to supply gas through a pipeline from the Karish block offshore Israel to Vassiliko…

Oil Is Our Gold and We Aim to Use All of It -ADNOC

Nov 13, 2019

Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said.The world's transition away from fossil fuel in an effort to…

Foreign Players Unlikely to Bid in Brazil -BP Brazil Head

Nov 13, 2019

Foreign oil companies that have not joined Brazil's last two auctions of offshore 'pre-salt' fields are also unlikely to bid next year, BP Plc's Brazil president told newspaper Valor Economico in an interview published on Wednesday.Adriano Bastos argued that…

Equinor Cleared to Cut Troll Gas Quota

Nov 11, 2019

Norway has approved energy firm Equinor's request to reduce the gas production quota at its Troll oil and gas field for the current year, the oil ministry confirmed on Monday.A ministry spokesman said the Troll gas output quota had been set at 36 billion cubic metres (bcm) for the gas year 2019…

Africa Oil States Aim to Lure Investors

Nov 11, 2019

Lower prices and increasing competition for investment are driving many African states to make it easier and cheaper for overseas companies to keep their oil and gas output flowing.From Ghana to Gabon, governments are adjusting terms to lure…

Woodside Lifts Scarborough Dry Gas Estimate

Nov 08, 2019

Woodside Petroleum on Friday raised its estimate for dry gas reserves at its Scarborough project, increasing hopes the development will help drive the company's growth in the next decade.Woodside said it now put the estimated gross contingent…

Petrobras Has No Interest in Farming out Buzios

Nov 08, 2019

Brazil's state-run oil firm Petrobras, which dominated this week's disappointing offshore oil auctions, has no interest in farming out its Buzios block to be operated by another firm, its head of exploration and production said on Friday.Major…

Cyprus Inks Deal for Offshore Gas Concession

Nov 07, 2019

Cyprus signed a 25-year concession on Thursday with a three-member consortium for the exploitation of a gas reservoir south-east of the island first discovered in 2011.The contract with Noble Energy, Shell and Delek is the first commercial exploitation licence signed by the Mediterranean island…

Oil Rises Above $62

Nov 07, 2019

Oil rose above $62 a barrel on Thursday after China hinted at progress towards a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and demand for fuel.China and the United States…

Big Oil Stuns Brazil in Back-to-back Auction Flops

Nov 07, 2019

Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA.The only block awarded in Thursday's bidding went to Petrobras…

PetroNor Opts for Arbitration in Senegal

Nov 07, 2019

Listed independent oil and gas exploration and production company PetroNor E&P has said its subsidiary, African Petroleum Senegal Ltd, will continue on the path of seeking a resolution to the outstanding dispute over block Senegal Offshore Sud…

Equatorial Guinea to Award 7-8 Blocks

Nov 06, 2019

Equatorial Guinea's Oil Minister Obiang Lima said on Wednesday that the central African nation would award 7-8 blocks from its current licensing round at the end of November.The country received a total of 21 bids on 13 blocks, out of 27 initially offered…

Huge Brazil Oil Round Disappoints

Nov 06, 2019

A huge Brazilian oil auction, dubbed one of the largest ever, frustrated expectations on Wednesday, as high prices and tepid demand turned the widely awaited tender into an embarrassing miscalculation for the cash-strapped government.Brazil's…

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