Lukoil said it has signed a preliminary agreement with Kazakhstan's state energy company to develop the I-P-2 license block in the Kazakh Sector of the Caspian Sea.Lukoil president Vagit Alekperov signed the Heads of Agreement deal with JSC NC KazMunayGaz chairman Alik Aidarbayev at the 23rd St…
Israel on Thursday extended its tender by a month to grant new licenses for offshore oil and natural gas exploration.The deadline for bids was due by June 17 but the Energy Ministry extended it until July 15, with the winners to be announced on August 12…
American multinational oil and gas corporation ExxonMobil and its partners said that they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum…
Oil and natural gas producer W&T Offshore has discovered oil at the Gladden Deep prospect in Mississippi Canyon block 800 in the deepwater Gulf of Mexico.W&T is operator of the well, which is one of 14 planned for the drilling program under the Monza JV…
The creditors of indebted French marine services company Bourbon reached a restructuring deal that would give them control of the company, protect jobs and draw new liquidity.Bourbon has been hurt by market overcapacity and a fall in spending on services by upstream oil and gas companies…
Hurricane Energy has announced first oil at its Lancaster field off Scotland, the first such success for so-called fractured basement reservoirs in Britain and a major milestone for the company within its guided schedule.Hurricane specializes…
Italian supermajor Eni announced Tuesday it has signed contracts for a pair of new exploration blocks in the eastern part of the sedimentary basin offshore Ivory Coast. The two blocks were among 20 available at the end of 2018.The two blocks…
US-based Murphy Oil Corporation announced that its has completed its $1.227 billion acquisition of deepwater Gulf of Mexico assets from compatriot oil and gas company LLOG.Murphy Oil President and CEO, Roger W. Jenkins, said, “We are excited…
Norway's Petroleum Safety Authority has given the green light to Cairn subsidiary Capricorn Norge to drill a well in block 6508/1 in the Norwegian Sea.The consent applies to the drilling of exploration well 6508/1-3 in a prospect named Lynghaug…
Thirty companies have acquired acreage in the UK 31st Offshore Licensing Round, the country’s Oil and Gas Authority (OGA) announced on Tuesday.In all, 37 licence areas were awarded over 141 blocks or part-blocks to a broad spectrum of companies…
Norwegian oil workers struck a wage deal with employers on Tuesday, averting the outbreak of a strike that would have cut production by 440,000 barrels of oil equivalents per day (boed), the Norwegian Oil and Gas Association (NOG) announced…
Oil firm Aker BP has come up dry in the Freke-Garm exploration well in the North Sea, the Norwegian Petroleum Directorate said on Tuesday.The wildcat well 15/6-15 was drilled by the Deepsea Stavanger drilling facility, about 15 kilometers northeast…
French energy group Total will start up the Culzean field in the British North Sea within days, the group's UK Exploration and Production Chief Jean-Luc Guiziou said on Tuesday, shortening the timeline for the project.Culzean, part of Total's acquisition of Maersk's oil and gas portfolio…
Equinor and its partners expect to reach a final investment decision (FID) for Rosebank, one of the largest undeveloped oil and gas fields on the UK continental shelf, by May 2022, the Norwegian major said on Tuesday.The Rosebank field was discovered…
Chevron Australia and the Gorgon joint venture participants have started the Gorgon Stage 2 drilling campaign off the northwest coast of Western Australia.Gorgon Stage Two is an expansion of the existing subsea gas gathering network on the Chevron…
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