The Yadana platform offshore Myanmar. IOCs are preparing to drill new acreage. (Total) Discoveries & Reserves

Myanmar: drillers gear up in Asia’s last frontier

Exploration is finally set to begin in the offshore acreage Myanmar offered in its 2013 licensing round.

Iran’s South Pars field. The country is hoping to attract $185 billion in upstream investment. (Pars O&G) Projects

Iran close to massive gas investments – ministry

Iran is expecting to make upstream deals worth up to $35 billion over the next few months, a senior government official has revealed.

Thailand’s PTT eyes up Malaysia’s Sarawak gas field

Thailand’s state oil and gas player PTT has expressed an interest in buying a stake in Malaysia’s Sarawak gas field.

23 February 2017

Tanzanian scientists warn against lake exploration

A group of Tanzanian scientists have issued a warning against oil and gas exploration in Lake Tanganyika.

23 February 2017

Leviathan field developers finally sign FID

The companies behind the Leviathan gas field development in Israel have signed the FID for the project.

23 February 2017

Severo-Russky output could plateau at 8 bcm/y – Mikhelson

Plateau production at Novatek’s Severo-Russky concession in the east of the Yamal-Nenets autonomous region could reach up to 8 billion cubic metres.

23 February 2017

Surge in Australian rigs boosts count in Asia Pacific

Australia was the only country in the Asia Pacific region to add gas-focused drilling rigs to its total in January 2017, with its count increasing by five from a month earlier.

23 February 2017

Oman to launch licensing round in H2 2017

Oman’s Ministry of Oil and Gas plans to launch its 2017 exploration licensing round in the second half of the year.

22 February 2017

Fugro will study Kenyan seabed for Shell

Netherlands-based geotechnical surveying company Fugro has been selected to carry out seabed studies for Shell/BG Kenya

22 February 2017

Kazakh energy minister holds talks on Eurasia project

Kanat Bozumbayev, Kazakhstan’s energy minister, has held an initial round of negotiations with potential stakeholders in the Eurasia project.

21 February 2017

Gas exports from Shah Deniz rise by 5% in January

Azerbaijan’s gas exports from Stage 1 of the Shah Deniz amounted to 695 million cubic metres in January 2017, 4.9% more than in the same period last year.

21 February 2017

CNPC produces first gas from Peru’s Block 58

China National Petroleum Corp. has produced its first gas from Peru’s giant Block 58, state-run hydrocarbon agency Perupetro announced on Friday.

20 February 2017

Petronas puts SK316 stake on sale

Malaysia’s Petronas is looking to sell up to a 49% stake in the offshore SK316 gas block that feeds Train 9 of the Bintulu LNG plant.

20 February 2017

Su Tu Trang second phase will be developed in 2020-2025

PetroVietnam Gas and PetroVietnam Exploration Production Corp. will develop the second phase of the Su Tu Trang field off the country’s southern coast between 2020 and 2025.

20 February 2017

Chariot wins 75% stake in Kenitra offshore permit

Chariot Oil & Gas has been awarded a 75% interest in the Kenitra offshore exploration permit in Morocco.

20 February 2017

India awards licences for small oil and gas fields

India’s Ministry of Petroleum and Natural Gas has awarded 31 contract areas under the country’s small oil and gas licensing round.

20 February 2017

Brazil’s Solimões project could become new Rosneft hub

Rosneft’s Solimões project in Brazil could become a new hub for the company’s international activity if exploration is successful.

17 February 2017

MOL Group expands global presence

Pakistan’s MOL Group is expanding its global presence by acquiring new concessions in different parts of the world, including Norway and Hungary.

17 February 2017

India announces winners of small fields licensing round

India has announced the winning bids for 31 oil and gas contract areas that were put up for auction last year in the small fields licensing round.

16 February 2017

Vietnam approves SOCO’s Te Giac Trang plan

SOCO International has received formal approval from the Vietnamese government for its field development plan for the Te Giac Trang project off the country’s southern coast.

16 February 2017
Drilling in the Vaca Muerta shale play. Shell believes Argentina should change its tax regime. (YPF)

Shell finds support for tough talk on Argentine tax

Shell thinks Vaca Muerta could be the next Permian Basin, but Argentina’s tax code is a bugbear for the Anglo-Dutch giant.

16 February 2017
Iran plans to invite bids for its licensing round by the end of the Iranian year. (NIOC)

Iran pushes back tender as bilateral talks continue

Iran is trying to maintain interest in its first post-sanctions licensing round despite the signing of bilateral agreements and fears of deteriorating relations with the United States.

16 February 2017

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