News

  • Norwegian firms signs US$3 billion deal with Iran for solar panels

    Norwegian solar panel maker Saga Energy has signed a deal worth €2.5 billion (US$2.9 billion) with Iran’s state-owned company Amin Energy Developers to build solar power plants.   Gaute Steinkopf, a consultant who assisted Saga Energy in reaching the deal, says it was signed on…

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  • Ophir signs PSC for Equatorial Guinea offshore block

    Ophir Energy Plc Equatorial Guinea’s Ministry of Mines and Hydrocarbons, and the country’s national oil company GEPetrol have signed a production-sharing contract for Block EG-24 offshore Rio Muni.   Ophir will operate the block with 80% interest. GEPetrol will have 20% with the option to…

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  • Total takes charge of licence option offshore Ireland

    Total E&P Ireland has completed a farm-in to licensing option (LO) 16/27 offshore western Ireland.   This follows approval by the Minister of State at Ireland’s Department of Communications, Climate Action and Environment to the transfer of 50% equity and operatorship of LO 16/27 (Avalon)…

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  • JOGMEC, Petrovietnam extend cooperation in Vietnam

    Japan Oil, Gas, and Metals National Corporation (JOGMEC) and Petrovietnam have renewed the Memorandum of Understanding regarding comprehensive cooperation in Vietnam.   JOGMEC and Petrovietnam have established and maintained their relationship since November 2007 through collaborative activities in E&P business and R&D projects.   The…

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  • Offshore expertise helping Norway in Barents Sea, official says

    More than five decades of success off its coast farther south is helping Norway move ahead in seeking additional oil and gas resources in the Barents Sea, a government official indicated on the 17th October.   The country also signed a delineation and data-sharing treaty…

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  • China’s CEFC Eyes Big League With Rosneft Oil Offtake Deal

    As part of its recent US$9.1 billion investment in Russian oil giant Rosneft, little-known CEFC China Energy will have access to up to 260,000 barrels per day (bpd) of Russian oil – giving it the sort of market clout to potentially challenge dominant Western oil…

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