Dragon Oil secured its first operatorship outside Turkmenistan and expects production to reach up to 90,000bo/d by the end of the year. Dr Abdul Jaleel Al Khalifa, Dragon Oil's CEO, said: 'We are pleased to report that the contract has been signed for Block 19 East Zeit Bay…
RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million bbl of crude during these three decades. Ongoing investments in modern technology and infrastructure have maintained high production levels…
Energean Oil & Gas and Mediterranean Oil & Gas have jointly submitted a bid for the exploration and production of hydrocarbons in three areas offshore Montenegro, as part of the country's first offshore licensing round. The First Round…
Höegh LNG Holdings Ltd. has signed a letter of intent (LOI) with Egyptian Natural Gas Holding Co. (Egas) for the use of one of Höegh's floating storage and regasification units (FSRUs) – currently under construction at Hyundai Heavy Industries…
Shell quits Alaska: Royal Dutch Shell will discontinue its 2014 plans for drilling offshore Alaska. Shell’s U-turn on Alaskan drilling follows a profit warning and a court judgment, raising “substantial obstacles” to the company’s plans for drilling in the Chukchi Sea…
The Egyptian General Petroleum Corporation (EGPC) has launched a new bid round for exploration licenses in the Gulf of Suez. Fifteen blocks, five in the Gulf of Suez and 10 in the Western Desert sedimentary basins, will be available, with licenses to be agreedon a production sharing model…
Petroceltic International the upstream oil and gas exploration and production company focused on North Africa, the Mediterranean and the Black Sea regions is pleased to announce its participation in a joint venture with Edison International Spa which was the successful bidder for two blocks…
The Egyptian government approved Dana Petroleum’s development plan for the Nefertiti oil field in the Gulf of Suez following a successful appraisal at the Nefertiti2X well. Dana says the field is the first it developed by drilling extended reach wells from an onshore location…
Oilfield activity in the Mediterranean region was disrupted by extreme political events last year across northern Africa. The ‘Arab Spring’ revolutions in Egypt, Libya, and Tunisia, as well as the continuing conflict in Syria shut down most non-essential activity…
Egypt approves Dana's Nefertiti development The Egyptian government has approved Dana Petroleum's plan to develop the Nefertiti oil field in the Gulf of Suez, the company announced on 29 January 2013.The lease was approved 20 January…
Andrew McBarnet assesses the state of the marine seismic business and where it is going in 2013.Rarely, if ever, can the marine seismic business have been so busy in so many places around the world. Demand for surveys is nearly at an almost all-time high…
Dana Petroleum is bringing new wells into production in Egypt, through its Joint Venture company Zeitco – and has also been successful in the 2011 EGPC bidding process.Dana completed the East Zeit A17Z well on 8 September as a successful oil producer…
French premium tubular solutions specialist Vallourec reports that its new-generation Vam 21 threaded connection is now also enjoying commercial success in the Middle East after making early market inroads in the North Sea, Brazil and Southeast Asia…
With the increased complexity of today’s subsea production systems giving mooring solutions providers much to think about, Viking Moorings chief executive Wolfgang Wandl discusses how his company is rising to the challenge.The global mooring…
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