Eni and Sonangol have commenced oil production from the Ochigufu project, located in Block 15/06 of Angola’s deep offshore. The field, which is located approximately 93 miles west from Soyo, will add 25,000 barrels to current production levels, according to Eni. Production start-up…
Japan Oil, Gas and Metals National Corp (JOGMEC) has announced that it will provide equity financing to INPEX North Caspian Sea (INCS), a subsidiary of INPEX, which holds a 7.56% equity interest in the Kashagan project. Located in the Kazakhstan sector of the Caspian…
Spirit Energy has approval from Norway’s Petroleum Safety Authority for the jack-up Maersk Interceptor to start development drilling on the Oda field in the southern Norwegian North Sea. Oda, in 66 metres (216 feet) water depth on licence PL405, is ten kilometres (6.2 miles)…
Petoro Iceland has relinquished its last remaining licence offshore Iceland. The company, as subsidiary of Norwegian state-owned entity Petoro, was originally awarded three licences during 2013-2014. It had dropped the first two after completing the initial work commitment. IS2014/1, the third licence which…
OMV AG, Vienna, has reported it would acquire the upstream assets in New Zealand for US$578 million from Royal Dutch Shell Plc. The deal adds recoverable resources of as much as 100 million boe to OMV’s portfolio, the company said. The company noted…
The board of directors of Statoil proposes to change the name of the company to Equinor. The name change supports the company’s strategy and development as a broad energy company. The name Equinor is formed by combining “equi”, the starting point for words…
Iran and Russia signed a deal on the 15th March to develop two oilfields in Iran. The National Iranian Oil Company signed a deal with Russia’s Zarubezhneft to develop the fields, according to SHANA, the news site of the Iranian oil ministry. ‘This is…
Philippines Energy Secretary Alfonso Cusi and Chinese company CIMP have jointly declared an oil field in Alegria in southern Cebu to be commercially viable, with reserves of oil and natural gas which could last until 2037. The Department of Energy (DOE) and service contractor…
SDX Energy Inc has encountered 151 feet of net heavy oil pay across the Lower Miocene age Yusr and Bakr formations, with an average porosity of 18%. The Rabul 5 well is first of two development wells the company is drilling in the West…
Haliade-X brings higher value to customers by producing more energy from the wind with a 12 MW generator rating, an industry-leading capacity factor 1 and advanced digital capabilities US$400 million programme will fund engineering, testing and supply chain development over the next three to five…
