Mazarine Energy B.V. announced that its subsidiary, Mazarine Energy Tunisia B.V., and partner ETAP (Entreprise Tunisienne d’Activités Pétrolières) have discovered an oil-bearing reservoir in exploration well Sidi Marzoug-1 (SMG-1) in the 4,012-sq-km Zaafrane permit in Central Tunisia. During a production test, SMG-1 well flowed, constrained by surface facilities, at a...
With interest high in oil and gas opportunities offshore Brazil, the country known for its deep water and huge presalt reserves is preparing for another set of auctions this year. Investors will have plenty of opportunities to take part in strengthening Brazil’s energy sector. The main one, according to Marcio...
Indonesia has a project pipeline for 17GW of generation capacity designed to hit the targets identified by the Electricity Supply Business Plan (RUPTL), according to Dharma Djojonegoro, deputy CEO of Adaro Power. However, developing IPP projects in the past few years has been fraught with difficulties amidst policy changes, he...
Total E&P got the go ahead for its Tilenga development in Uganda. The project received a green light by the National Environment Management Authority (NEMA) after a 10-month evaluation by the regulatory body. The French firm said the approval from NEMA was a major step in Uganda becoming an oil...
India buys most of its oil from Saudi Arabia. But it buys Iranian crude as well. So now that waivers of U.S. imposed sanctions on Iranian oil sales are ending, India is in trouble. India is among eight countries that recieved a six-month waiver when the U.S. re-imposed sanctions on...
Anadarko Petroleum, the U.S. independent energy group in the midst of a takeover battle, said on Wednesday it was ready to make a final investment decision on its $20 billion liquefied natural gas (LNG) project in Mozambique on June 18. Chief executive Al Walker met Mozambique President Filipe Nyusi on...
Rosnedra has confirmed a record oil find in the Yenisey River delta. Russia’s state mineral extraction agency estimates that the Paykha fields may hold as much as 8.4 bbls where the Yenisey flows into the Kara Sea. Russia's business daily Kommersant called the estimate one of the largest...
Petrobras' chief technology and production development executive officer says Brazil's national oil company keeps technology high on its agenda. Rudimar Andreis Lorenzatto spoke at a "topical luncheon" on Day 1 at the 2019 OTC in Houston. Petrobras is the world's largest deepwater producer. Lorenzatto said the company's technological targets include:...
Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil Corp. and PetroChina, said Prime Minister Adel Abdul Mahdi, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran. Iraq expects to make $400 billion over the 30 years the...
By Pat Davis Szymczak The U.S. and the EU are upset. Turkey has plans to drill offshore in an area that Cyprus claims as its exclusive economic zone. “This step is highly provocative and risks raising tensions in the region,” a U.S. State Department spokesperson told Reuters. “We urge Turkish...