Mozambique LNG1 Company, the jointly-owned sales entity of the offshore Mozambique Area 1 partners, has entered into a long-term LNG sale and purchase agreement (SPA) with Électricité de France (EDF). Under the off-take agreement, the partners will supply 1.2 MMt/yr of LNG (from two…
CGG GeoConsulting and the Petroleum Corporation of Jamaica (PCJ) have announced the discovery of two independent live oil seeps from different parts of the island of Jamaica. This significant find marks the first documented occurrence of ‘live’, or flowing, oil from onshore Jamaica and…
Eco (Atlantic) Oil & Gas has provided an operations update on its Orinduik Block offshore Guyana. Eco (Atlantic) Guyana Inc, the company’s subsidiary, currently holds a 40% Working Interest (‘WI’), and Tullow Oil, Operator, holds a 60% WI. Highlights: Eco and Tullow have identified…
By 2040 the world could be powered by the most diverse fuel mix ever, with oil, gas, coal, and renewables each accounting for a quarter of the world energy. This is according to 2018 edition of BP’s Energy Outlook published on the 21st February…
The latest discussions between OPEC and its oil-producer allies concluded that the supply glut is dissipating at a faster pace than previously anticipated, say people familiar with the matter. After about four years of surplus, the global market will finally rebalance in the second…
The technology group Wärtsilä and the global drilling contractor Maersk Drilling have joined forces in a unique co-operation to create a 25-year thruster maintenance strategy for Maersk’s three semi-submersible rigs and four drillships. The parties have already completed the strategy work on the D-rigs…
Oil Search Ltd, Port Moresby and Sydney, has revealed that recent high-level meetings between itself, ExxonMobil Corporation., and Total SA have resulted in broad agreement for the preferred development concept for the Elk-Antelope natural gas fields in retention lease PRL15 and P’nyang gas field in…
The government of Newfoundland and Labrador has published a plan for oil and gas industry growth which envisions the drilling of more than 100 exploration wells and a doubling of oil and gas production by 2030. An industry-government group called the Oil & Gas…
EnQuest expects to bring three new wells on-stream later this year at the Magnus oil field in the UK northern North Sea, following an upgrade of the Magnus platform drilling rig. The company, which acquired operatorship of the field from BP in 2017, also…
On the 19th February, Chevron Corporation said it had resumed drilling operations in the Kurdistan region of Iraq (KRI). “Chevron can confirm that it has resumed its activities in the KRI and we have restarted drilling operations at our Sarta 3 field,” Chevron spokeswoman…
