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...
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...
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...
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...
ENI has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. 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...
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...
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:...
Asia-Pacific (APAC) will continue to lead the global solar photovoltaic (PV) market over the next seven years due to abundant availability of solar energy in the tropical countries and government support in countries such as China, India, Japan and Australia, says GlobalData, a leading data and analytics company. The company’s...
(Sponsored Content) EOS founder and CEO Jean Januard explains how Russian manufacturers of oil and gas equipment and new technologies can find new business opportunity in the Middle East - if they have a guide like EOS to help navigate the market.
Global Data is forecasting that by 2023, China will account for 44% of Asian crude oil refining capacity; followed by India at 15% and Japan at 8%. China will drive the majority of growth in the crude oil refining industry in Asia between 2018 and 2023, according to GlobalData, a...