Logistics groups supporting deep-water Merak well offshore Egypt

Pan Marine and Peterson are jointly providing supply base services to Dana Gas to support the deep-water Merak-1 exploration well in the N. El Arish concession in the eastern Mediterranean Sea.   The package includes logistics management for all supply base work at Abu Qir…

Read more

Qatar Petroleum buys into offshore blocks in Kenya

Qatar Petroleum has signed agreements with Eni and Total to acquire a 25 percent stake in three blocks in the frontier areas offshore Kenya.   The concessions in question cover L11A, L11B, and L12 blocks located in the waters offshore eastern Kenya.   Qatar Petroleum…

Read more

UK Oil Tankers Flee Persian Gulf Amid Iran Tensions

Two weeks ago there were six British-flagged oil tankers in the Persian Gulf going about their business. A week later there were none.   Iran’s threat to seize a British ship in retaliation for the arrest of the Grace 1 off Gibraltar has effectively closed…

Read more

United to buy Rockhopper’s Egypt unit

United Oil & Gas Plc has entered an agreement to buy Rockhopper Egypt Pty Ltd from Rockhopper Exploration Plc for total consideration of US$16 million.   Both companies are in London.   The main asset of Rockhopper Egypt is a 22% working interest in the…

Read more

Jersey plans North Sea Buchan area hub

The Oil and Gas Authority has awarded Jersey Oil & Gas 100% interests and operatorship of three blocks in the Greater Buchan Area of the central North Sea, under the UK’s 31st Supplementary Offshore Licensing Round.   It includes the Buchan oil field and the…

Read more

Libya Oil Production Set to Recover

Libyan oil production is set to recover from a five-month low as the North African supplier’s biggest field restarts following a brief halt.   A valve in the pipeline which carries crude from the Sharara field to the Zawiya refinery has been reopened and tested,…

Read more

ADNOC, CNOOC in “far-reaching” cooperation deal

According to the Emirates News Agency, ADNOC and CNOOC signed a framework agreement on the 22nd July in the presence of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Xi Jinping, President of the People’s Republic of China.   The companies…

Read more