Eni expects to boost production from its Zohr offshore gas field in Egypt 3.2 billion cubic feet per day by the end of the year, after reaching 2.7 bcfd five months ahead of schedule. Eni released a statement on the 21st August, in the…
A group of Alaskans have launched an initiative to raise the state’s tax on oil produced above 68° latitude north which reached more than 40,000 b/d in the previous calendar year and more than 400 million bbl of total cumulative production. Alaskan oil and…
Rex International Holding is looking to put the GA South oil discovery offshore Oman into production by the end of this year. The company plans to finance the development in block 50 mainly through off-balance sheet financing. Rex’s 92.65% owned subsidiary Masirah Oil,…
Previous projections of the potential amount of shale gas under the UK may have been significantly overestimated, according to a new study. Instead of 50 years of gas at the current rate of consumption, this new research suggests there are just five to seven…
South Sudan has made a new crude find in the northern oilfields of Adar and plans production by the end of the year, Information Minister Michael Makuei Lueth has said. The oil will be linked to the nearby Paloch oilfields which are managed by…
Oslo-listed offshore supply vessel owner DOF has won work for two AHTS contracts to support OMV’s drilling operations in New Zealand. Skandi Emerald and Skandi Atlantic, built-in 2011 and 2012 respectively, have been contracted by OMV NZ for 2 wells firm, plus 2 x…
A leaked dossier on the possible ramifications of a no-deal Brexit on the UK economy published by The Sunday Times on the 18th August includes the possibility that two of the country’s six remaining refineries could close. The leaked documents, part of the Government’s…
Coro Energy has issued an update on drilling plans for the Duyung production-sharing contract in the West Natuna basin offshore Indonesia, in which the company has a 15% interest. The campaign will comprise one exploration well (Tambak-1), designed to test the Tambak prospect beneath…
Rolls-Royce intends to support research into green fuels in the Lausitz region of eastern Germany together with the State of Brandenburg, Brandenburg University of Technology Cottbus and other industrial partners. This has been agreed by those involved in a letter of intent that was…
Petro Matad, the AIM quoted Mongolian oil explorer, has provided an update on the Heron-1 and Red Deer-1 wells in Block XX, eastern Mongolia. Further to its announcement on the 14th August, the company reports that all processes for obtaining the land permits for…
