South Korean conglomerate Posco International Corporation has discovered a new gas field in Block A3 at the Shwe natural gas project located offshore Rakhine, according to the Myanmar Times. The company confirmed that it had found a gas column of around 18 metres at…
Reconnaissance Energy Africa Ltd (ReconAfrica) has secured a rig to execute the company’s Kavango basin drilling programme in north-east Namibia. The primary objective of the initial three-well programme is to penetrate key source rocks within the Karoo Supergroup providing evidence of an active petroleum…
Enbridge Inc plans to acquire Rio Bravo Pipeline Company LLC (RBPL) from NextDecade Corporation for a cash price not to exceed US$25 million, with US$15 million paid at closing and the rest paid upon NextDecade’s reaching a positive final investment decision (FID) on its Rio…
Murphy Oil Corporation has extended its contract for Valaris plc’s DS-15 (Renaissance) drillship in the US Gulf of Mexico (GoM). According to Valaris’ latest fleet status report, Murphy has exercised a one-well priced option for the floater. The drilling contractor estimates the contract extension…
An investigation has been launched into an incident on a Valaris-owned jack-up drilling rig, currently working for Chrysaor in the North Sea, following an incident involving the rig’s crane. According to media reports, a crane on the Valaris 120 jack-up rig collapsed last Friday,…
Italian oil and gas company Eni has made a new oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the new discovery may contain…
Sound Energy, the Moroccan focused upstream gas company, announced on 6 November 2019 that the Company had entered into non-binding heads of terms (HOT) agreement with a privately-owned UK registered company specialising in energy asset development and investment in relation to a proposed sale of…
According to the latest Reuters report, after the signing of a trade deal between Washington and Beijing, Gazprom is hopeful that China will purchase the majority of US-produced LNG cargoes, not European. Speaking at a recent investor meeting, the head of Gazprom’s exporting arm,…
Kuwait and Saudi Arabia will resume oil production from their shared fields this month, more than five years after a dispute halted supply. The Khafji field in the so-called neutral zone will start output by the end of February, while operations will resume at…
The Government of Israel has limited the natural gas production from its largest natural gas field – Leviathan – to about 60 percent of its production capacity due to a pipeline fault. The operator of the Leviathan field, Noble Energy, was told that full…
