L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro (L&T), has won an offshore contract for the Bassein Development Project from the Oil and Natural Gas Corp. (ONGC) valued at US$427 million (2715 crores). The contract encompasses total engineering…
Polarcus and the National Petroleum Corp. of Namibia (NAMCOR) signed a memorandum of understanding (MOU) over exploration and development offshore Namibia. Under the terms of the MOU, Polarcus and NAMCOR will work together to identify…
Supermajors Chevron and ExxonMobil were two of 26 companies, both privately and in consortia, that have earned the right to submit bids for Mexico’s Round 1 to be held on 15 July, the country’s National Hydrocarbons Commission (CNH) announced on 25 May…
This month, Jumbo Javelin transported two massive accommodation modules from Trogir, Croatia, to Limbe, Cameroon, in one go for Perenco Rio del Rey. The basin has seen recent development activity since Cameroon's state oil company, National Hydrocarbons Corp…
ABS’ Henrique Paula provides insight into the secondary laws – CNH, CRE, and ASEA – being used to implement Mexico’s energy reforms. The ABS-classed Centenario semisub drilling unit, built in 2010…
Dallas Parker and Gabriel Salinas, of law firm Mayer Brown, explain the main points of Mexico’s new exploration and production contracts, as well as the Hydrocarbons law and Hydrocarbons Revenues Law that became effective August 2014. Pemex’s…
In 2013, Brazil produced 2MMb/d of crude oil and nearly 1Tcf of gross natural gas. Within these figures, the share of production from presalt resources found under thick layers of salt thousands of feet below the ocean's surface remains small but continues to increase…
The deadline to apply in Mozambique’s fifth licensing round has been extended to 30 April 2015. The Institute of National Petroleum (INP), on behalf of the Government of the Republic of Mozambique, announced the extension for the competiive…
Petrobras encountered hydrocarbons in the Orca-1 exploration well in the Tayrona block offshore Colombia, according to partner Ecopetrol S.A. The drill reached a depth of 4243m. Image from Ecopetrol…
Eni and the Turkmen State Agency for Management and Use of Hydrocarbon Resources have signed a memorandum for the possibility of extending Eni's current activities in Turkmenistan to the country's offshore sector in the Caspian Sea. Eni's…
Genel Energy's SM-1 well on the Nour prospect in the Sidi Moussa block offshore Morocco has found oil and is to be well tested. Partner San Leon Energy said the well, drilled using Noble Corp.'s Noble Paul Romano semisubmersible drilling rig…
Mozambique will announce their fifth licensing round later this month in London. A total of 15 blocks at a total acreage of 76,800sq km will included in the competitive bidding round for hydrocarbon exploration that include areas offshore Rovuma…
Aberdeen-based Adept Solutions secured three contracts worth a total of US$2.4 million in West Africa. With the three contracts, Adept will implement its hydrocarbon accounting system, Axis, as part of projects on behalf of the Nigerian Petroleum Development Co…
Mexico’s Ministry of Energy (SENER) granted Petróleos Mexicanos (Pemex) almost all of the acreage detailed in its Round Zero wish list, including rights to all requested domestic proven and probable reserves (2P). The government fast…
Petrobras confirmed more hydrocarbon pay was found at the Jupiter prospect in the Santos basin pre-salt block BM-S-24 offshore Brazil. Map of Jupiter area. Image from Petrobras News Agency The…
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