United Oil & Gas Plc has entered an agreement to buy Rockhopper Egypt Pty Ltd from Rockhopper Exploration Plc for total consideration of US$16 million. Both companies are in London. The main asset of Rockhopper Egypt is a 22% working interest in the…
The Oil and Gas Authority has awarded Jersey Oil & Gas 100% interests and operatorship of three blocks in the Greater Buchan Area of the central North Sea, under the UK’s 31st Supplementary Offshore Licensing Round. It includes the Buchan oil field and the…
Libyan oil production is set to recover from a five-month low as the North African supplier’s biggest field restarts following a brief halt. A valve in the pipeline which carries crude from the Sharara field to the Zawiya refinery has been reopened and tested,…
According to the Emirates News Agency, ADNOC and CNOOC signed a framework agreement on the 22nd July in the presence of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Xi Jinping, President of the People’s Republic of China. The companies…
Political tension over energy and the environment escalated in Canada on the 19th July when officials of three provinces refused to endorse the federal government’s communique on the 2019 Energy and Mines Ministers’ Conference (EMMC). In a press statement, the energy ministers of Alberta,…
Repsol has permission from Norway’s Petroleum Safety Authority (PSA) to drill the Kathryn prospect on licence PL 910 in the northern North Sea. The semi-submersible Scarabeo 8 will start drilling well 9/2-12 in mid-August, six kilometres (3.7 miles) east of the Yme oilfield, which…
Melbana Energy continues to progress discussions with potential farminees to Block 9 with the objective of securing funding for a minimum two well drilling programme in 2020 to test the world class oil exploration potential of Block 9. To ensure there is sufficient time…
When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers scrambled to get a piece of the action. Three years on, they are questioning whether what could be the world’s biggest IPO is worth their time and effort. …
The country’s ministry of energy has this week shared that twelve blocks received bids out of ten which had been offered. The international companies who took part were Cairn, Soco, and Energean, with the Israeli firm being Ratio and Israel Opportunity. The Ministry…
Argentina-based YPF SA has let a contract to McDermott International Inc for pre-frontend engineering design services for a five million-tonne/year LNG liquefaction facility – with a potential expansion to ten million tpy – at Vaca Muerta shale field in Argentina. The scope of work…
