Total E&P Absheron BV, acting as operator for and on behalf of a consortium presently composed of Total E&P Absheron BV (50%) and Socar Absheron LLC (50%). has tasked HydraWell to execute a part of plug & abandonment campaign at the Absheron field in the…
Alaska’s state-sponsored corporation is working to advance a major gas line project is opening a field office in Nikiski. It will be the Alaska Gasline Development Corporation’s third satellite office. The corporation also has a presence in Houston, Texas, and Tokyo. Rosetta Alcantra,…
Greek oil and gas company Energean is preparing for listing on the London Stock Exchange in March with plans to raise US$500 million. The large portion of the raised funds will be used for development of its assets offshore Israel. Energean announced its intention…
The Organisation of Petroleum Exporting Countries is working toward long-term management of oil supply by its members and collaborating countries, according to the new president. Suhail Al Mazrouei, minister of energy and industry of the United Arab Emirates and OPEC’s president for 2018, said…
Mexico officially became the International Energy Agency’s 30th member country on the 17th February and its first member in Latin America. The membership came after the signed IEA treaty (the IEP Agreement) was deposited with the government of Belgium, which serves as the depository…
After a year of production cuts, OPEC and Russia are finally near their goal of shrinking the world’s swollen oil inventories. So why are they planning to change their target? The answer lies somewhere between the murky and incomplete nature of oil data and…
On the 16th February, the Trump administration said it would offer the largest oil and gas offshore auction in US history on the 21st March for areas in federal waters off the Gulf Coast, less than a year after a similar sale yielded little corporate…
Norwegian energy giant Statoil is about to start drilling on the Carcará discovery offshore Brazil, using a Seadrill-owned drillship. The company is about to start a drill stem test on the Carcará discovery and then drill the Guanxuma prospect in BM-S-8 licence in the Santos basin offshore…
The government of the Bahamas has approved a multibillion-dollar plan by Oban Energies LLC, Palm Beach Gardens, Florida, to build a grassroots refinery and liquid-bulk storage terminal along the Northwest Providence Channel, off the southern tip of Grand Bahama Island, 35 miles east of Freeport….
Neptune Energy Group, London, has acquired the 70% of Engie E&P International SA it did not already own, gaining interests in 148,000 boe/d of oil and gas production in the North Sea, North Africa, and Southeast Asia. The deal’s value to Engie, according to…
