Interra claims that oil contract was signed with Myanmar before the junta took power
Interra Resources, a Singapore-listed oil explorer, said Thursday that a production sharing contract between its subsidiary in Myanmar and a government-controlled entity was extended several years before 2021. The statement was made in response to an inquiry by the Singapore Exchange, a week after Justice for Myanmar claimed…
Petrobras Nears Terms Over TAG Pipeline Sale
Brazil’s state-controlled oil company Petróleo Brasileiro could present a new sale and purchase agreement (SPA) before the end of December for the sale of the Transportadora Associada de Gás (TAG) pipeline, after a Brazilian Supreme Court injunction in July stalled the sale.The sale of TAG, which operates natural gas pipelines in Brazil’s north and northeast…
Perenco Acquires Polo Nordeste Fields
Petrobras says it reached a USD370mln deal with Perenco to sell its operations in the Polo Nordeste and granted oil 3R Petroleum a 40-year concession to operate 34 oil fields in Bacia Potigar in a deal worth USD453mln.According to a press release from the Brazilian multinational corporation in the petroleum industry headquartered…
OMV Sells 19 Oil Fields in Romania to Mazarine Energy
Austria-based oil and gas company OMV has agreed to sell to Mazarine Energy, an oil and gas production and exploration company backed by private equity fund Carlyle Group, 19 onshore oil fields in Romania for an undisclosed purchase price, the companies said in a statement. The transaction is expected to complete in late Q4…
Wood Group Lands Prelude Deal
Wood Group has secured a three year contract with Shell Australia’s Prelude, Floating Liquefied Natural Gas (FLNG) project. Perth-based Wood Group Kenny will provide specialist consultancy services for flexible riser integrity management prior to and during operation of Prelude FLNG, which will be located 475km north-north east of Broome in Western Australia.
Wood Group Wins Australian FEED Contract from Shell
Wood Group has secured a front-end engineering and design (FEED) contract for the Woodside-operated proposed Browse floating liquefied natural gas (FLNG) Development. Under a new 12 month contract awarded by Shell, Wood Group Kenny (WGK) will carry out flow assurance and process integration studies for the proposed development's three offshore gas-condensate fields - Brecknock…
First Well Built at East-Messoyakha Field
Rosneft and Gazprom Neft have completed early the project to build the first production well at the East-Messoyakha deposit, which is part of the Messoyakha cluster, the northernmost of the known Russian onshore oil fields. The project is part of the joint drilling program implemented by the two companies. The high-tech well…
Mexico to Tender Batch of Onshore Oil Fields in Energy Opening
Mexico's oil sector regulator approved on Monday the call for bids for its next package of contracts covering 26 onshore areas, part of the country's historic energy industry opening after decades of state control. The onshore oil and gas areas to be tendered are spread across five states and contain 2.5 billion barrels of oil equivalent (boe) in proven, probable and possible reserves.
Kemp: Oil Wells in England's Green and Pleasant Land
There could be up to 100 billion barrels of oil onshore beneath southern England, the chief executive of a small exploration firm told the BBC in an interview on Thursday. To which the correct response is "yes, but". Based on an analysis of samples from a single well drilled near London's Gatwick airport, UK Oil and Gas Investments…
Arctic Pipeline being Built from Messoyakhinskoe
Messoyakhneftegaz has began building a pressurized pipeline from the Messoyakhinskoe group of deposits, located to the north of Yamalo-Nenets Autonomous Region, to the main Arctic Circle-Purpe pipeline system. The oil pipeline with a maximum capacity of 7 million tonnes a year will be laid on both sides at the same time, and its length is 96.5 km.
Shell Sells Some Nigerian Onshore Oil Fields
Royal Dutch Shell said it had reached deals on some of the four Nigerian oil fields it has offered for sale as the oil major pushes ahead with divesting global assets to cut costs. Shell last year put up for sale its 30 percent shares in four oil blocks in the Niger Delta - Oil Mining Licences (OML) 18, 24, 25, 29 - as well as a major pipeline, the Nembe Creek Trunk Line.
