OKEA has announced the start of the Draugen drilling campaign for the appraisal wells Infill Ø (6407/9-11) and Skumnisse (6407/9-12). OKEA will live stream the drilling log from the drilling operations on the Odfjell rig Deepsea Nordkapp. Here you will be able to see…
A State Department official has said that a mysterious explosion at a Russian naval test range in the White Sea in August occurred during an operation to recover a nuclear-powered missile which had crashed during a test. According to a report by RFE/RL, US…
Japan’s Inpex Corporation, with its joint venture partner Shell, has signed an amendment and extension to the Masela block production sharing contract (PSC) as well as an extension for the Abadi LNG project. Inpex said last week that the amendment, signed through its Inpex Masela subsidiary,…
Mozambicans voted on the 15th October in elections which have the highest stakes in the south-east African nation’s history, after a campaign marked by violence, insurgent attacks and fallout from a debt scandal. The winner will oversee more than US$50 billion of investments in…
Lukoil has entered the United Arab Emirates by signing an agreement with Abu Dhabi National Oil Company to acquire a 5% interest in the Ghasha Concession offshore Abu Dhabi. The agreement was signed during a state visit by Russian President Vladimir Putin to the…
Neptune Energy has a conditional agreement to acquire Edison E&P’s UK and Norwegian interests from Energean for US$250 million. The deal remains contingent on Energean completing its proposed acquisition of the Italian E&P company. Neptune expects to add 30 MMboe via the transaction,…
Coro Energy, the south-east Asian focused upstream oil and gas company, has provided an operational update in relation to the drilling campaign in the Duyung Production Sharing Contract (‘PSC’) in the West Natuna basin, offshore Indonesia, in which Coro holds a 15% interest. The…
In this edition of PERSPECTIVES, we focus on the implications of our latest modelling of the energy transition on the oil and gas industry. We also explore how enhanced methodologies for safe and sustainable operations can create more value for our sector. Our…
Argentina has urged oil companies to stop activities related to offshore oil and gas exploration and production in the disputed areas near the Falkland Islands. In a statement issued last week, the Argentine foreign ministry said three oil companies – Rockhopper, Premier Oil, and…
Nothing right now is stopping a surge in oil tanker rates that’s given owners of the vessels one of the biggest boosts in years. Rates have rallied so high that a second-hand supertanker could theoretically pay for itself in a couple of voyages, according…
