News

  • Sterling Energy granted extension of the Odewayne PSA

    Sterling Energy has announced that the Government of the Republic of Somaliland has granted a continued extension to the current period of the Odewayne Production Sharing Agreement (‘PSA’).   The expiry dates of the relevant exploration periods under the PSA shall now be:   Third…

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  • LNG Hub Gets First Siberian Cargo

    The liquefied natural gas terminal Lithuania built five years ago to reduce its dependence on Russian fuel is about to get its first Siberian cargo.   The cargo will arrive at the facility, symbolically named Independence, next week on board the Stena Clear Sky, according…

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  • Drilling permit for DEA Norge’s Norwegian wildcat

    The Norwegian Petroleum Directorate (NPD) has granted DEA Norge, a Norwegian unit of Wintershall Dea, a drilling permit for a wildcat well located in the Norwegian Sea.   The well 6611/1-1 will be drilled from the West Hercules drilling rig after completing the drilling of…

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  • IDC to Drill Oil Wells at Nasiriya

    The Iraqi Drilling Company (IDC) has signed a contract with the Dhi Qar Oil Company to drill 20 wells at Nasiriyah oil field.   Fayyad Hassan Nehmeh, Undersecretary for Extraction Affairs, said the new wells will increase the field’s oil production by 40,000 bpd, in…

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  • More prospects emerge close to Brulpadda offshore South Africa

    Tower Resources has issued an update on its activities offshore South Africa.   The company is a partner in a 50:50 joint venture with New Age in the Algoa-Gamtoos licence, which adjoins Total’s concession in the Outeniqua basin.   Earlier this year Total confirmed the…

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  • Alberta okays MEG’s Surmont SAGD project

    The Alberta government has approved the development plan for MEG Energy Corp.’s Surmont oil sands project 53 miles south of Fort McMurray.   The phased project is to have ultimate production capacity of about 120,000 b/d of bitumen from steam-assisted gravity drainage.   It is…

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  • BP to Deploy Technology to Combat Emissions on Future Projects

    BP will use gas cloud imaging (GCI) as well as other instruments to detect, measure and reduce methane emissions in its future projects worldwide.   The UK-based supermajor said on the 10th September that continuous measurements will be rolled out to all the company’s major…

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  • Is Saudi Oil Policy Changing Before Our Eyes?

    Making sense of the internal politics of Saudi Arabia has never been easy because of the kingdom’s closed power structure.   But major changes have taken place at the top of the Saudi energy industry in recent days, and they will likely have an impact…

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