News

  • Billions at Play: The Future of African Energy and Doing Deals

    Roadmap for Africa’s revitalisation and future growth outlined in landmark book by leading expert who demands that Africans must lead the transformational charge and profit first from their nation’s burgeoning energy sector.   Energy can and must work better for Africans. This is the call to arms by…

    Read more
  • US Opens Up California Land for Oil, Gas Leasing

    The US Department of the Interior’s Bureau of Land Management has opened up 722,000 acres of federal land in California’s central coast for oil and gas leasing and development.   The land is located primarily in Fresno, Monterey and San Benito counties.   The decision…

    Read more
  • CNPC exits South Pars 11 project off Iran

    State-owned Petropars Company of Iran will develop Phase 11 of giant South Pars gas field alone following withdrawal from the project by China National Petroleum Corporation.   The Chinese company had been designated operator after Total SA exited the project in August 2018. Total acted…

    Read more
  • Panoro Energy announces substantial oil discovery in Hibiscus Updip side-track

    Panoro Energy has reported a positive update on its drilling operation on the Hibiscus Updip well (‘DHIBM-1’), located on the Dussafu Marin Permit, offshore Gabon.   John Hamilton, CEO of Panoro, commented: “Results of drilling at Hibiscus Updip have significantly exceeded expectations. Both the original wellbore and side-track…

    Read more
  • Qatar Petroleum takes operatorship of two offshore oil fields

    State-owned Qatar Petroleum has assumed the management and operatorship of the Idd El-Shargi North Dome (ISND) and Idd El-Shargi South Dome (ISSD) offshore oil fields.   QP announced the takeover on the 7th October and said it followed the expiry of the development and production…

    Read more
  • BP Awards Three Caspian Contracts

    BP has awarded three new contracts for the development of the Azeri-Chirag-Gunashli (ACG) oil and gas field offshore Azerbaijan, Saipem has reported.   Saipem, which won the engineering and construction contracts in a consortium with Boshelf LLC and START GULF FZCO, noted that two contracts…

    Read more
  • Equinor announces first oil from the Johan Sverdrup field

    On the 5th October Equinor and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, more than two months ahead of and NOK 40 billion below the original estimates in the…

    Read more
  • Transocean says semi-submersible features hybrid storage

    Transocean Ltd has deployed what it calls the first hybrid energy storage system aboard a floating drilling unit.   The system is on the Transocean Spitsbergen harsh-environment, ultra-deep-water, semi-submersible drilling rig, which is working currently in Equinor-operated Snorre field offshore Norway.   Transocean said its…

    Read more