Eni and Lukoil have signed a farm-out agreement for the transfer of participating interests in three exploration licences in Mexico’s shallow waters. According to the agreement, Eni will give Lukoil a 20% stake in the production-sharing contracts (PSC) in both Area 10 and Area…
TAG Oil, along with certain of its subsidiaries in New Zealand, has entered into a definitive share and asset purchase agreement with Australian-based Tamarind Resources, and certain of its subsidiaries. This arm’s length transaction is for the sale of substantially all of TAG’s Taranaki…
OMV AG has agreed to sell its wholly owned subsidiary OMV Tunisia Upstream GmbH to a subsidiary of Panoro Energy ASA, London, for US$65 million, subject to adjustments. OMV Tunisia Upstream holds 49% interests in the Cercina-Cercina Sud, El Ain-Gremda, El Hajeb-Guebiba, and Rhemoura…
The US government has reimposed new oil and other sanctions against Iran effective the 5th November which replace provisions under a 2015 multinational nuclear arms control agreement from which it withdrew in May, the Trump administration has announced. Eight countries which officials would not…
The United States has told Iraq that it will be allowed to keep importing crucial gas, energy supplies and food items from Iran after Washington reimposes sanctions on Tehran’s oil sector, three Iraqi officials have said. The waiver is conditional on Iraq not paying…
Cuadrilla has announced that it has begun to see natural gas flow to the surface from its shale exploration well at the Preston New Road (PNR) site. The company described the news as significant. “The volumes of gas returning to surface at this…
Israel announced the launch of its second offshore bid round on the 4th November. As part of the latest round, licences for 19 blocks will be issued in five zones. Each block measures up to 154 square miles, according to Israel’s Ministry of Energy….
Offshore services provider Telford Offshore has been awarded a charter deal from Indonesian contractor Timas Suplindo for one of the company’s offshore construction vessels. Telford said on the 5th November that the contract was awarded to the DP3 multi-purpose vessel Telford 25. The…
Oil and gas company Tullow Oil is working to increase production from two of its operated fields offshore Ghana towards the nameplate capacity of FPSOs operating on the respective fields. Tullow is the operator of two fields located offshore Ghana, Jubilee and TEN. Tullow’s…
Tawke Licence: The Kurdistan Regional Government notes the updates by DNO and Genel Energy on the 1st November regarding production increases under the Tawke Production Sharing Contract (PSC). The KRG is pleased with the efforts of the Tawke PSC Contractors in the Peshkabir area…
