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...
The Malampaya gasfield guarantees Philippine energy security, but it runs dry soon and gas producers fear new fields are too near to the South China Sea. About 80 km off the northwest coast of Palawan Island in the South China Sea is the Malampaya natural gas field, the Philippines’ main...
Lukoil has closed on its $800 million purchase of a 25% non-operating interest in the Marine XII License area operated offshore Congo by ENI. African Global energy was the seller. New Age (African Global Energy) Limited (‘New Age’ or ‘the Company’) announces that its subsidiary New Age M12 Holdings Limited...
Total E&P has gotten the go ahead for its Tilenga oil development in Uganda. The project received a green light by the country's National Environment Management Authority (NEMA) after a 10-month evaluation by the regulatory body. The French oil major said the approval from NEMA was a major step in...
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...
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...
Fugro is set to commence its first project using new multipurpose ROV support vessel, Edda Sun, with mobilisation for the IRM contract planned for March 2019. With a recently announced two-year charter of the Edda Sun, Fugro has enhanced its IRM, construction and decommissioning support services in Europe. The Edda Sun...
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...
India diversifies oil imports these days with more US and Russian supplies on offer to compensate for less geopolitically risky Middle East crude. Hydrocarbon Processing reported that imports of Middle Eastern oil fell to a four-year low in 2019. The Houston-based trade publication obtained tanker data from sources showing that...
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...