Turkey will begin drilling for oil and gas around Cyprus, Turkish Foreign Minister Mevlut Cavusoglu said last week, a move that is obviously intended to position Turkey ahead of the fight to determine legal rights to offshore oil and gas resources in the island's territorial waters. In November, Exxonmobil together...
Iraq is likely to sign a $53 billion, 30-year energy deal with Exxon Mobil Corp and PetroChina to develop southern fields, 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...
Petrobras digital transformation technology is high on the company's agenda, chief technology and production development executive officer Rudimar Andreis Lorenzatto told a "topical luncheon" audience 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: digital twins...
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...
By Pat Davis Szymczak Turkey plans to drill offshore Cyprus in an area that the island claims as its exclusive economic zone. The U.S. and the EU are upset. “This step is highly provocative and risks raising tensions in the region,” a U.S. State Department spokesperson told Reuters. “We urge...
Turkey's Botas issued a tender to purchase 70 cargoes of LNG (liquefied natural gas) for delivery over 2020-2023, two days after the US lifted sanctions. The US imposed sanctions earlier in October in response to Turkey's military offensive in northern Syria. The LNG tender will close on Nov. 8. Heavily dependent...
ПАО «ЛУКОЙЛ» сообщает о закрытии сделки по приобретению 25%-ной доли участия в проекте Marine XII в Республике Конго у Компании New Age M12 Holdings Limited. Сделка была закрыта после выполнения всех отлагательных условий, в том числе получения одобрения государственных органов Республики Конго. Справка Лицензионный участок Marine XII площадью 571 кв. км...
Uganda has put five new blocks on offer for its second licensing round in the Albertine Graben, according to an announcement by the Minister of Energy and Mineral Development Eng. Irene Muloni at the East African Petroleum Conference and Exhibition, Kenya. Muloni said Uganda was expecting many potential exploration companies...
Mazarine Energy announced that its subsidiary, Mazarine Energy Tunisia, and partner ETAP (Entreprise Tunisienne d’Activités Pétrolières) have made a discovery in a Tunisian oil-bearing reservoir. The discovery was made in exploration well Sidi Marzoug-1 (SMG-1) in the 4,012-sq-km in Central Tunisia. During a production test, SMG-1 well flowed, constrained...
MacGregor, part of Cargotec, has received an order from the China National Offshore Oil Corporation (CNOOC) to supply the riser pull-in system for a deepwater Floating Production Unit (FPU) located on the China Sea Lingshui 17-2 gas field. The order is booked into Cargotec’s third quarter of 2019 order...