Po Valley Energy Ltd, Perth, will expand its exploration footprint in northern Italy following the formal grant of a six-year exploration licence in the Podere Gallina permit near Bologna. Po Valley has already defined three priority gas targets in the 506 square kilometre region:…
Algeria will delay the start of the southern Touat gas field until the first quarter of 2018, almost a year later than planned, the head of state energy firm Sonatrach said. “Of the 21 wells, only three are ready to come online,” on the…
Chinese oil producer CNOOC Limited recorded an increase in its oil and gas sales revenues during the third quarter of 2017 helped by higher prices, despite lower domestic output. For the third quarter of the year, the company achieved a total net production of 116.2…
Fugro has teamed up with Amplified Geochemical Imaging (AGI) to acquire offshore hydrocarbon seep data in advance of Canada’s 2018 east coast bid round. Bathymetry, backscatter and water column anomaly data will be collected to pull together a comprehensive picture of surficial geological features,…
Argentina’s state-controlled energy company YPF plans to invest US$21.5 billion in the country from 2018 to 2022 and increase oil production by 26 percent, the company said in a statement on the 25th October. Investment in the country’s energy sector by companies in partnership…
Hess Corporation has entered into an agreement to sell its interests in three exploration licences and the Ceiba field and Okume Complex assets offshore Equatorial Guinea to Kosmos Energy and joint venture partner Trident Energy for a total consideration of US$650 million. CEO John…
New Zealand’s incoming government is hoping to make the nation greener by planting 100 million trees each year, ensuring the electricity grid runs entirely from renewable energy, and spending more money on cycle ways and rail transport. On the 24th October, Jacinda Ardern, who…
Total SA is in discussions about buying liquefied natural gas assets from former French gas monopoly Engie SA, the energy major’s chief executive officer has said. Gas markets will grow in the future and Total is determined to expand its LNG business, CEO Patrick…
SUEZ Water Technologies & Solutions broke ground on a new laboratory in Tomball, Texas, north of Houston, which is expected to open mid-2018. In addition to continuing the research and development of specialty chemicals for the industrial segment, the new facility will expand to…
Secretary Zinke announces largest oil and gas lease sale in US history US Secretary of the Interior Ryan Zinke has announced that the Department is proposing the largest oil and gas lease sale ever held in the United States- – 76,967,935 acres in federal waters…
