Eni negotiating for area off Kazakhstan

Eni, the Ministry of Energy of Kazakhstan and state-owned KazMunayGas (KMG) have signed a protocol of direct negotiations for hydrocarbon exploration and production rights in the Abay area of the northern Caspian Sea.   The block is about 50 kilometres from the coast in water…

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Total Starts Up the La Mède Biorefinery

Total has started up production at the La Mède biorefinery in south-eastern France, with the first batches of biofuel coming off the line.   It is the final step in converting a former oil refinery into a new energies complex. Launched in 2015, the project…

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Tulip Oil provides update on Q10 offshore gas development

Tulip Oil Netherlands Offshore, a wholly owned subsidiary of Tulip Oil Holding, has announced the latest quarterly Q10 Project update . Initial gas production from the well Q10A-01 started on the 15th February 2019. The project was delivered with no safety incidents, ahead of time…

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Russia’s Dirty Oil Crisis Leaves Pipe Giant Scarred

As the biggest disruption to Russian oil flows in decades draws to a close the country’s European market looks remarkably unscathed, but its pipeline operator bears a few scars.   For Transneft PJSC — the giant company which runs enough pipes to wrap five times…

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OMV hires Archer’s modular rig for New Zealand drilling

Oslo-listed offshore services company Archer has secured a contract with OMV in New Zealand for the provision of drilling services using the modular drilling rig (“MDR”) Archer Emerald, including associated services, materials, equipment and personnel.   Archer said on the 8th July that the contract…

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Energean to buy Edison’s E&P business

Energean Oil & Gas, London, has agreed to buy 100% of Edison Exploration & Production from the Italian energy conglomerate Edison SPA at a price based on an enterprise value of US$750 million.   Additional consideration of US$100 million is contingent on commissioning of the…

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Eni produces first-ever oil offshore Mexico

Eni has become the first international operator to produce oil offshore Mexico following the country’s Energy Reform.   Early production has started from the Mitzón 2 well on the Miztón field in Area 1 in the Campeche Bay offshore Mexico. This was the initial development…

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