Tullow Oil Plc reported on the 16th September that it has discovered oil at the Joe-1 exploration well in the Orinduik licence offshore Guyana. According to Tullow, Joe-1 opens up a new Upper Tertiary oil plan in the Guyana basin. It also marks the…
Oil and gas exploration and production company Oilex has entered into an exclusivity agreement with Koru Energy for a potential acquisition of up to a 50 percent interest in three licences in the East Irish Sea. Oilex said on the 16th September that the…
Dutch company Royal Boskalis Westminster has signed a ‘memorandum of principles’ to construct an industrial island for the Basra Oil Company (BOC) in Iraq’s territorial waters in the Gulf. Iraqi oil minister Thamir Ghadhban said the project will add export capacity of three million…
He may have lost his bid to become the EU’s next president, but Frans Timmermans has been given a task which is no less challenging: implementing the European Green Deal, a package of policies largely based on that proposed by Democrats in the US, designed…
Savannah Petroleum, the British independent oil & gas company focused around activities in Niger and Nigeria, has noted the signature on 15 September 2019 of a Transportation Convention between China National Petroleum Corporation (‘CNPC’) and the Republic of Niger in relation to the planned crude…
Exports of sanction-hit Venezuelan oil now face a new concern: a shortage of vessels willing to transport crude produced by the regime of President Nicolas Maduro. Shipowners are avoiding transporting Venezuelan oil for fear of being sanctioned and losing insurance coverage on their vessels….
On the 13th September Norwegian oil company Equinor’s emergency response centre received reports of a fire in the engine room of the tanker Dubai Harmony. The ship is moored at the quayside at the Sture terminal in Øygarden municipality in Hordaland, Norway. The…
Vaalco Energy Inc, Houston, has started a drilling programme in the Etame oil field offshore Gabon which will include appraisal of a reservoir below existing production. It has spudded the Etame 9P appraisal well to test the Lower Cretaceous Dentale formation, which underlies the…
Energean has issued updates on its development and exploration campaigns in the eastern Mediterranean Sea. The main project is the Karish/Tanin gas development offshore Israel, where the drillship Stena DrillMAX recently completed drilling of two of the Karish Main wells. In both cases,…
Sterling Energy has announced that the Government of the Republic of Somaliland has granted a continued extension to the current period of the Odewayne Production Sharing Agreement (‘PSA’). The expiry dates of the relevant exploration periods under the PSA shall now be: Third…
