Reservoir performance from the Edvard Grieg field in the Norwegian North Sea continues to exceed expectations, according to operator Lundin Norway. To date there has been limited water production, the company said in its latest results statement, while the total well potential is significantly…
Andalas Energy and Power has announced an operations update on the Betun Selo KSO, in which it has a production interest further to the agreement announced on the 21st June. The company is currently undertaking a four-well workover programme on the project. Workover…
The Oil and Gas Authority report published on the 2nd November concludes that it is not possible with current technology to predict accurately the probability of tremors associated with fracking Separate proposals to change the planning process for fracking sites will no longer be…
Kosmos Energy Ltd has made an offshore oil discovery in Equatorial Guinea, according to the Ministry of Mines and Hydrocarbons. The S-5 well was drilled to a depth of 4,400 metres and encountered 39 metres of net oil play in the Santonian reservoir in…
Hungarian oil and gas company MOL has signed an agreement with Chevron to acquire its non-operated E&P and midstream interests in Azerbaijan for total consideration of US$1.57 billion. The assets include a 9.57% stake in the Azeri-Chirag-Gunashli (ACG) oil field, and a 8.9% stake…
Chevron Corporation has increased the cost estimate of its Future Growth Project and Wellhead Pressure Management Project (FGP-WPMP) at Kazakhstan’s Tengiz oil field from US$36.8 billion to US$45.2 billion following a detailed cost and schedule review conducted in this year’s third quarter. An updated…
Article by Danabek Zhanayev – World Monitoring Group (WMG) Oil and Gas industry has always been the most popular one when talking about investment in Kazakhstan, which is not surprising with the country’s huge oil reserves located mainly in the Western regions. This…
Reuters has reported that Suntien Green Energy’s plans to build an LNG receiving terminal in northern China have been granted state approval. Suntien Green Energy is a Chinese wind power producer and piped gas distributor backed by the Hebei provincial government. The company’s…
The Falkland Islands government has granted an extension for the PL032 Discovery Area offshore licence containing the Sea Lion oil discovery discovered by Rockhopper in 2010. Rockhopper, which owns a 40 percent stake in the PL032 licence located in the North Falkland Basin, said…
Dutch contractor Heerema Marine Contractors will provide its crane vessels with clean energy by switching them from diesel generators to wind energy. By switching off the diesel generators, total emissions will be reduced by the equivalent of the annual emissions of approximately 5,000 diesel…
