Verisk Maplecroft’s near term view of Saudi Arabia’s oil and gas industry is “cautiously optimistic,” according to Torbjorn Soltvedt, Verisk’s principal analyst for the Middle East and North Africa. “This owes a lot to the current oil price environment and more to Riyadh securing…
Italian oil company Eni has signed in Maputo the contract for the exclusive exploration and development rights of the offshore block A5-A, in the deep waters of the Northern Zambezi Basin, approximately 1,500 kilometres to the north east of the capital Maputo offshore Mozambique. …
Norwegian Energy Company ASA (Noreco) has acquired from Royal Dutch Shell Plc the company’s upstream interests in Denmark via its shares in Shell Olie-og Gasudvinding Danmark BV (SOGU) in a deal valued at US$1.9 billion. SOGU, a wholly owned Shell subsidiary, holds a 36.8%…
Total has inaugurated its new state-of-the-art lubricants oil blending plant, strategically located in the Kaluga region of the Russian Federation (south-east of Moscow). The grand opening ceremony took place on the 16th October in the presence of Anatoly Artamonov, Governor of the Kaluga Region,…
Faroe Petroleum has received permission from Norway’s Petroleum Safety Authority (PSA) to drill an exploration well on the Brasse Øst prospect in the North Sea. The semi-submersible Transocean Arctic should spud well 31/7-3 this month in 124 metres (407 feet) of water on production…
Lukoil has brought onstream the fifth well at the second-phase development of the Vladimir Filanovsky field in the northern Caspian Sea. The length of the main wellbore of the bilateral production well is 2,956 metres (9,698 feet), with a lateral section of 1,735 metres…
The Inpex Corporation.-operated Ichthys LNG export project in northern Australia may load its first natural gas cargo as soon as this week, according to people with knowledge of the venture’s preliminary sales plans. The maiden liquefied natural gas cargo is scheduled to be loaded…
For 45 years, it has been considered out of bounds for Saudi Arabia. But all of a sudden, Riyadh made what many read as a veiled threat to use the kingdom’s oil wealth as a political weapon — something unheard of since the 1973 Arab…
Oilfield services firm Rosenberg WorleyParsons has won a contract to modify Lundin’s Edvard Grieg platform offshore Norway, to enable it to receive oil from nearby offshore oil fields. On the 16th October Lundin said the contract, of an undisclosed value, would have “important ripple…
A group led by Royal Dutch Shell which includes Queensland Gas Company (QGC) plans to drill 250 coal seam gas wells during 2019-20 as part of its program in the Western Downs region of Queensland. The wells will be connected to the existing QGC…
