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...
The United States and European Union have expressed deep concern over Turkey’s plans for offshore drilling operations in an area claimed by Cyprus as its exclusive economic zone, adding to tensions between Ankara and its Western allies. The statements at the weekend came after Turkish Foreign Minister Mevlut Cavusoglu said...
South Africa signed an exploration and production sharing agreement (EPSA) with South Sudan for Block B2. The deal – which is strategic for South Africa as an energy consumer – will see Block B2 operated by the state-owned Strategic Fuel Fund (SFF), the Ministry of Petroleum and Nilepet –the national...
Greece's Energean Oil and Gas plc (LSE: ENOG, TASE: אנאג), has announced a signficant natural gas discovery in the Karish North exploration in the Israel sector of the East Mediterranean. Preliminary results as reported 15 April in a company new release showed: Initial gas in place estimates of between 1...