Savannah Petroleum, the West African focused British independent oil and gas company, has announced that the third well in its current Niger drilling campaign, Kunama-1, was spudded on the 21st June. Kunama-1 is located on the R3 portion of the R3/R4 PSC Area in…
ExxonMobil and its partners have achieved an eighth deep-water oil discovery in the Stabroek block offshore Guyana. The Longtail-1 exploration well, spudded by the drillship Stena Carron late last month in 6,365 feet (1,940 metres) of water in the south-eastern part of the block,…
IHS Markit expects US natural gas production to rise almost 8 bcfd – more than 10% – this year and by another 60% over the next 20 years, according to a recent report, The Shale Gale Turns 10: A Powerful Wind at America’s Back. IHS…
Global energy trader Vitol kicked off the planned A$5 billion (US$3.7 billion) float of its Australian refinery and fuel supply network Viva Energy on the 20th June, in what would be the country’s biggest initial public offering in four years. The sale of the…
Royal Dutch Shell announced the sale on the 20th June of oil and gas assets in Norway and Malaysia for over US$1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end. The Anglo-Dutch company agreed to sell to OKEA,…
Mozambique’s oil and gas regulator said exploration contracts for the nation’s fifth licensing round in 2015, which awarded blocks to companies including Exxon Mobil and Eni, are close to being finalised. Winners of the bidding round have awaited legislation and a new model for…
The presidents of Azerbaijan and Iran have signed protocols for development of a jointly owned deep-water oil field in the Caspian Sea, according to a report in Iran Petroleum published by news service Shana. If ratified, the two countries would recover the oil on…
Italian oil company Eni has finalised a 10% stake sale in the Shorouk concession to UAE-based Mubadala Petroleum, a subsidiary of Mubadala Investment Company. Eni agreed to sell the stake to Mubadala Petroleum for US$934 million back in March and the finalisation was announced on Wednesday,…
Fly Erbil, Iraq’s only Kurdish airline, successfully completed its first scheduled flight on the 18th June. The plane set off from Erbil International Airport en route to Stockholm. The airline’s administrative director Ahmad Jamal said Fly Erbil currently has three planes and plans…
Scotland has a government opposed to hydraulic fracturing but not a ban on the completion technique, the Court of Session in Edinburgh has ruled. Ineos Shale, which holds two petroleum exploration and development licences between Glasgow and Edinburgh, welcomed the ruling even though it…
