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...
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...
A consortium of Indian companies led by OVL India (ONGC Videsh) is to acquire a 49 per cent stake in Russia's Rosneft Vankor cluster oilfields. Prime Minister Narendra Modi and Russian President Vladimir Putin agreed the deal as part of a wider range of investment agreements signed at...
Mexico's regulator has approved Shell's exploration plans for four deepwater areas, after it gave the green light to five others earlier this week, committing Royal Dutch Shell to invest at least $791 million. The plans stipulate that Anglo-Dutch Shell could invest up to $1.06 billion in the four blocks, mostly...
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...
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 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...
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...