African LNG to Attract $103Bln in 2019
With greenfield investments in Nigeria, Egypt, Mozambique and elsewhere reaching nearly $103 billion this year, it is clear that liquefaction is viewed as the most profitable strategy for realizing Africa’s gas potential, said Gas Exporting Countries Forum…
ADNOC Launches Bid for Five Blocks
Abu Dhabi National Oil Company (ADNOC) said that it has launched the second exploration bid round for five new oil and gas blocks.The bidding will be for both conventional and unconventional resources, and the successful bidders will enter into agreements granting them exploration rights…
Vermilion to Drill Exploration Wells in Central Europe
Canada's Vermilion Energy will drill its first two exploration wells in Croatia in June, a senior official from the company said on Monday. Vermilion won four licences in 2015 for oil and gas exploration in Croatia's flat northeastern areas and the drilling…
South Africa: Has Up to 60 tcf of Offshore Gas Potential
South Africa, where oil major Total recently made a big offshore discovery, said on Friday it had potential gas resources of up to 60 trillion cubic feet in waters off its coast.Last week Total's chief executive said its offshore discovery probably contained 1 billion barrels of total resources…
Senex Energy Gemba Tests Successful
Australian energy company Senex Energy has successfully tested a gas exploration well in the Cooper Basin in South Australia.According to the Brisbane-based company The Gemba-1 well flowed 227,000 cubic metres (8 mcf) of gas per day over a period of a week."Senex…
Qatar to Leave OPEC
Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group's de facto leader Saudi Arabia and marring efforts to show unity before this week's meeting of exporters to tackle an oil price slide.Doha, one…
Madagascar Opens Fresh Offshore Licensing Round
Island nation Madagascar puts 44 blocks in the Morondava Basin up for grabs, detailing exploration and exploitation periods under production sharing contracts.In the framework of the development of Madagascar's oil and gas potential, the Malagasy State through…
First Gas from Cuadrilla Fracking Site in Britain
The energy company Cuadrilla Resources has produced first gas from its fracking site in Lancashire in northwest England, after it began fracking operations there just over two weeks ago.The energy company said it has started to see natural gas flow at the Preston New Road exploration well.
Britain's Cuadrilla Extracts First Shale Gas at English Fracking Site
Cuadrilla extracted its first shale gas from its site in northwest England, it said on Friday, after it began fracking operations there just over two weeks ago.Cuadrilla said the gas flows were small but coming at such an early stage of the project were evidence…
Reassessing Alaska's Energy Frontier
Less than 80 miles from Prudhoe Bay, home to the giant oil fields that feed the Trans-Alaska Pipeline, lies the site of USGS’ latest oil and gas assessment: the National Petroleum Reserve-Alaska and adjacent areas. Managed by the Bureau of Land Management, the NPR-A covers 22.8 million acres…
Douglas-Westwood: Nowhere Fast
E&P deepwater exploration and appraisal activity has dramatically declined. In line with falling E&A activity, Reserve Replacement Ratios (RRRs) have been declining for the majority of major E&P companies. Douglas-Westwood highlights some of the positive newsflow from offshore E&A activity in recent times.
New Joint Venture for Seismic Services Offshore Ghana
Geoscience company CGG has signed an agreement with GNPC Operating Services Company Ltd (GOSCO), an independent Ghanaian E&P services company, to form a joint-venture company dedicated to conducting high-end 2D, 3D and 4D marine seismic acquisition and related…
Statoil Farms into Turkey Onshore Acreage
Statoil announced it has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. Statoil will have a 50 percent interest in the Banarli licences, while the operator Valeura Energy Inc.…
Statoil farms into Turkey Onshore Acreage
Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey. Statoil will have a 50% interest in the Banarli licences, while the operator Valeura Energy Inc., a Canadian exploration…
BP Increases West Nile Delta Project Stakes
BP Egypt has announced today the completion of its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel AG. The acquisition will bring BP’s…
California's Monterey Oil Deposits Seen at 21 mln bbls
Unconventional oil and gas deposits in deeper portions of California's Monterey formation may not be as prolific as once estimated, the U.S. Geological Survey said on Tuesday. A new study by the agency estimated that 21 million barrels of oil and 27 billion…
Japan's JGC Wins Saudi Aramco's Shale Gas Contract
Japan's JGC Corp has won a contract to build shale gas facilities in the northwest of the country for state oil company Saudi Aramco , industry sources familiar with the matter said. The project, known as System A, will involve building processing facilities…
Croatia Eyes Adriatic Oil Potential
Croatia to sign oil, gas exploration licences in June/July. When Croatia announced in 2013 it would set a tender to explore for oil and gas in its pristine Adriatic waters, the government evoked the hydrocarbon riches of Norway to win over the plan's many detractors.
Total Ordered to Cease Shale Drilling a Day After Starting
Denmark's energy regulator said it had told Total to suspend exploration drilling at the country's first shale prospect a day after it began because the French energy giant had used a chemical not approved under an environmental plan. Total ceased drilling…
DOI Issues FSEIS for Chukchi Sea Lease Sale
The U.S. Department of the Interior (DOI) released a Final Supplemental Environmental Impact Statement (FSEIS) for Chukchi Sea Lease Sale 193, moving the DOI a step closer to resolving federal court concerns regarding the 2008 oil and gas leases offshore Alaska.
