Block Energy has announced the resumption of production at well 16aZ at its flagship West Rustavi field in Georgia. Production resumed on the 11th July and since testing began the well has produced at an average rate of approximately 360 boepd (295 bopd plus…
Following the agreement to buy gas from Woodside in Australia on the 24th July, Worsley Alumina JV has also reached a deal to buy gas sourced from Chevron’s offshore Australia fields. Chevron said on the 25th July that it had signed a gas agreement…
Andrea Leadsom has been appointed Secretary of State for Business, Energy and Industrial Strategy. In a video posted on the Department for Business, Energy and Industrial Strategy’s (DBEIS) twitter page, Ms Leadsom said it was a “great honour” to be appointed. She replaces Greg…
Tullow Oil expects to drill at least two exploration wells next year offshore South America. One will be on the Marina prospect in the Karoon Energy-operated Z-38 licence in the Tumbes basin, 30 kilometres (18.6 miles) offshore northern Peru, in 350 metres (1,148 feet)…
South Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced last week that it will develop a 2.1 GW floating solar power plant which, upon completion, will be 14-times larger than the world’s current largest floating project. The new mammoth floating solar PV plant…
Hibiscus Petroleum has announced that its wholly-owned subsidiary, SEA Hibiscus has safely and successfully drilled and completed the SJ-105A well on the 16th July, the first of three infill wells being drilled as part of the St Joseph infill drilling project in Malaysia, under the…
New Prime Minister Boris Johnson has a lot on his plate before he looks to maintain UK insurance powerhouse With 98 days and counting until Brexit, Mr Johnson will stamp his authority on the super-sized gathering of 33 ministers. They have all signed up…
Australia-based MMA Offshore Limited (MMA) has entered into an agreement to acquire Neptune Marine Services Limited’s (NMS) key operating subsidiaries for A$18.5 million (US $12.9 million), the company announced on the 24th July. The purchase price includes A$5 million (US $3.5 million) in cash…
Oil and gas company Beach Energy has agreed to sell a 37.5 percent share in the PEP 38264 licence offshore New Zealand to a subsidiary of O.G. Energy. Beach Energy said in its financial report for the second quarter 2019 that O.G. Energy, owned…
Eni Vietnam has encountered natural gas and condensate in exploration well Ken Bau 1X in the Song Hong basin offshore Vietnam. Drilled to 3,606 metres TD, the well encountered several gas and condensate-bearing sandstone intervals interbedded with Miocene shale. Estimated net reservoir thickness is…
