News

  • Norwegian duo in new seismic survey offshore Canada

    Norwegian seismic players PGS and TGS have announced the Torngat 3D MultiClient project in offshore East Canada.   PGS said on the 20th May that the Torngat 3D will cover approximately 3,287 square kilometres and encompasses sections of the open acreage included in the Labrador…

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  • Tatneft and Uzbekneftegaz outline PSA

    Tatneft and Uzbekneftegaz have signed an agreement outlining main terms of a production-sharing agreement for a block designated Pritashkent in Uzbekistan.   The Russian company said initial work will be geological and physical analysis and interpretation.   Source: Oil & Gas Journal

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  • Sundrop Farms Sells Solar Tower Powered Greenhouse Business

    Adelaide-based sustainable agriculture trailblazer Sundrop Farms has sold its solar thermal powered, arid-zone greenhouse business to New Zealand-based infrastructure group Morrison & Co.   Reports said Sundrop had been acquired by Morrison & Co for an undisclosed amount, after a year-long negotiation process.   As…

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  • Block Energy completes placing to raise £12 million

    AIM-listed Block Energy, the exploration and production company focused on the Republic of Georgia, has completed a placing of 109,090,000 new Ordinary Shares, raising approximately £12 million (before expenses) with institutional investors at a Placing Price of 11 pence per share.   Mirabaud Securities acted…

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  • Premier Oil to start output from BIG-P fields at 2019 end

    UK oil and gas firm Premier Oil expects to start producing gas from three fields in the Natuna Sea Block A offshore Indonesia at the end of 2019.   The Natuna Sea Block A already has developed and producing fields from which Premier delivers gas…

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  • PNG LNG Expansion Gains Momentum

    Santos Ltd  has signed a binding letter of intent to acquire a 14.3-percent interest in Petroleum Retention License 3 (PRL 3) that includes the P’nyang natural gas field in Papua New Guinea, the Australia-based firm reported on the 16th May.   According to Santos, the…

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  • American Oil Finds New Markets

    US crude is reaching new destinations around the world after Chinese buying slowed amid concern that the growing trade dispute between the countries could result in a tax on American oil.   America shipped 470.2 million barrels to 38 countries from October through March, compared…

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