With the US, Russia, and China all jostling for position in the Iraq oil and gas industry both north and south, Iraq’s oil ministry last week reiterated its desire to have one or more foreign partners in the Mansuriya gas field, oilprice.com reports. Situated in Diyala province, close to...
Rosgeo plans to run airbourne geophysical surveys in Equatorial Guinea. Joint Stock Company Rosgeo and the Ministry of Mines and Hydrocarbons of the Republic of Equatorial Guinea signed a Memorandum of Understanding during the Russia-Africa Summit in Sochi on October 23. In accordance with the signed document, the parties...
With interest high in oil and gas opportunities offshore Brazil, the country known for its deep water and huge presalt reserves is preparing for to tender more offshore blocks in 2019. Investors will have plenty of opportunities to take part in strengthening Brazil’s energy sector. The main one, according to...
ENI has made a new light oil discovery in Block 15/06, in deep-water offshore Angola. The well was drilled on the Ndungu exploration prospect. The new discovery is estimated to contain up to 250 million barrels of light oil in place, with further upside. The Ndungu-1 NFW well is located...
A Turkish drilling ship has discovered a big natural gas reserve in the Black Sea. President Recep Tayyip Erdogan told reporters that the drilling ship Fatih, which has been operating in the area since July, had found 320bn cu m (11,300 cu ft) of gas. He said the Turkish Black Sea...
ExxonMobil announced it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well. The well, located in Block 10, encountered a gas-bearing reservoir of approximately 436 feet (133 meters). The well was safely drilled to 13,780 feet (4,200 meters) depth in 6,769 feet (2,063...
Esso Australia Pty Ltd has awarded an integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) contracts to Subsea Integration Alliance. The award is the first integrated subsea project for Subsea Integration Alliance in Australia combining OneSubsea and Subsea 7 expertise in subsea production systems (SPS) and subsea umbilical, riser...
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...
Development banks climate finance offers is huge. In a report published by <a href="http://Alternative Energy Africa.", climate financing by seven of the world’s largest multilateral development banks (MDBs) totaled $61.6 billion in 2019, of which $41.5 billion (67%) was in low- and middle-income economies, according to the 2019 Joint...
Petrobras downstream divestitures appear to be on course as Chief Executive Roberto Castello Branco reports in a 2nd quarter analysts' call that the Brazilian state oil company expects to close in "one to two months" on the sale of its RLAM refinery in northeastern Brazil. Abu Dhabi's sovereign investment fund...