Angola’s Minister of Mineral Resources and Petroleum H E Diamantino Pedro Azevedo said in London on 21 January that the government had made significant progress in its efforts to restructure the oil and gas sector. Initial successes include significant cost reductions at the national…
Pars Oil and Gas Co. has installed the final platform of Phase 14 of the South Pars gas field development in the Persian Gulf. According to news service Shana, Platform 14D was loaded onto a FLB 124 barge and subsequently delivered to the offshore…
BP, as operator and on behalf of co-venturer Shell, has announced encouraging early production from the Alligin field in the west of Shetland region, offshore UK. Alligin forms part of the Greater Schiehallion Area and has been developed as a two-well subsea tieback into…
Despite the United Kingdom’s formal withdrawal from the European Union on the 31st January 2020, the strong relationship the country’s oil and gas industry enjoys with partners in the EU should continue post-Brexit, data and analytics firm GlobalData predicted on the 31st January. “It…
RockRose Energy has signed a sales and purchase agreement (SPA) to acquire a 100% of the equity of Speedwell Energy, the holder of 100% interest in the Cotton gas field in the UK sector of the Southern North Sea. RockRose said on the 4th…
A new competent persons resource report on the Tullow Oil-operated Orinduik Block, offshore Guyana, has shown a 29% increase in gross prospective resources to 5,141 MMBOE, according to a partner in the block. The JV Partners in the Orinduik are Eco Atlantic (15% WI),…
Abu Dhabi National Oil Company and Dubai Supply Authority have signed an agreement to explore and develop a new gas discovery between the emirates of Dubai and Abu Dhabi. The United Arab Emirates Vice-President and Prime Minister Mohammed bin Rashid Al Maktoum, emir of…
On the 31st January Papua New Guinea called off negotiations with Exxon Mobil regarding the P’nyang gas project, casting a shadow on a US$13 billion plan to double the country’s gas exports by 2024. The government said Exxon had refused to budge on the…
Sales of Latin American oil cargoes to China ground to a halt last week as the deepening crisis around the coronavirus further stifles an already quiet holiday period. Zero sales have been reported since last week for March-loading cargoes from Brazil and Colombia and unsold cargoes…
Dutch geotechnical services provider Fugro expects to earn around US$40 million from the sale of HC2 Holdings’ subsidiary Global Marine Group (GMG). Fugro said on the 30th January that it would monetize the remainder of its non-core 23.6% interest in GMG, which was expected…
