ENI and Total will explore Caspian oil and gas blocks in offshore Kazakhstan, targeting Abay and Kashagan, plus onshore Karachaganak and Dunga. ENI is focused on exploration offshore in Kazakhstan while Total works onshore. Kazakhstan’s state-owned KazMunayGas and Eni Isatay, a subsidiary of the Italian energy company Eni, plan to...
Gazprom Neft has begun drilling wells at one of Russia’s largest oil and gas condensate fields — the Chayandinskoye, with proactive pilot development scheduled to start in Q4 2019. Gazprom Neft is developing the Chayandinskoye oil-rim deposit under an operatorship agreement with Gazprom Dobycha Noyabrsk LLC. A production well built...
The following analysis of how this weekend's attacks against Saudi Arabia's largest oil facility will affect oilprices is offered by Chris Weafer, Senior Partner, Macro-Advisory Ltd., Moscow Though the Saudi attack spikes oilprices temporarily, it is unlikely to affect prices long term. The attacks against Saudi Arabia’s largest oil facility...
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...
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...
Saudi Arabia's deputy defence minister, Khalid bin Salman, on Thursday accused Iran of ordering drones to attack two of its oil pipeline pumping stations that were claimed by Yemen’s Huthi rebels. Tuesday’s “attack by the Iranian-backed Huthi militias against the two Aramco pumping stations proves that these militias are merely...
Two oil pumping stations serving a major East-West oil pipeline in Saudi Arabia were attacked by explosive-laden drones on Tuesday, with the damage currently being assessed, the minister of Energy, Industry and Mineral Resources Khalid bin Al-Falih has said. The pipeline transports oil from the oilfields in the Eastern Province...
As The Guardian reported earlier on Monday, Saudi Arabia said two of its oil tankers have been damaged in mysterious “sabotage attacks” in the Gulf, as the US secretary of state, Mike Pompeo, held emergency talks with his European counterparts about mounting tensions in the region. The United Arab Emirates...
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...