Production from Malampaya will be depleted by 2024. (Shell) Exploration & Production

Duterte backed into corner over SCS

Philippine President Rodrigo Duterte has proposed a joint venture with China and Vietnam to explore for oil and gas in disputed waters of the South China Sea.

By The Wildcat 26 May 2017
Exploration & Production

Petrobras begins production from FPSO in Lula South field

Petrobras and its partners have started deepwater production at FPSO P-66 in the BM-S-11 block, part of the Lula South pre-salt field in Brazil’s Santos Basin.

26 May 2017
Exploration & Production

China to complete second methane hydrate rig in H2

China will complete construction of a second ultra-deepwater semi-submersible drilling rig capable of extracting gas from methane hydrates in H2.

26 May 2017
Exploration & Production

Dana gas to restart Egyptian drilling following payments

Dana Gas will resume a limited drilling programme in Egypt, having received $70 million in back payments from the government.

26 May 2017
Exploration & Production

Saudi Aramco and NOV enter rig supply agreement

Saudi Aramco has signed a memorandum of understanding with National Oilwell Varco for a joint venture to manufacture rigs and equipment.

26 May 2017
Exploration & Production

Oman Oil and Eni agree to oil and gas cooperation

Oman Oil Co. and Eni have finalised a memorandum of understanding to explore cooperation opportunities in the oil and gas sector.

26 May 2017
BP drilling at Egypt’s Atoll field. Production in the country is set to grow. (BP plc) Exploration & Production

Egyptian upstream boosts hopes for LNG exports

Confidence is growing in Egypt’s upstream sector as new developments start up and the country looks to switch from LNG importer to exporter.

26 May 2017
Exploration & Production

ENOC creates dedicated E&P unit

Emirates National Oil Co. has created a dedicated exploration and production unit that it intends to use to expand its upstream business.

25 May 2017
Exploration & Production

SOCAR added to Iranian qualification list

Iran has added State Oil Company of Azerbaijan Republic to its list of companies qualified to seek oil and gas development contracts

25 May 2017
Exploration & Production

Two giant Zohr-like gas fields in East Med waters – Spectrum

At least two giant gas reservoirs similar to the Zohr field are hiding in the Mediterranean Sea, Spectrum Geo has said.

25 May 2017
Exploration & Production

BRS Resources receives approval for production in Po Valley

AleAnna Energy has received final approval from the Italian government for its production concession at the Gradizza field in the Po Valley.

25 May 2017
Exploration & Production

Slight rebound in Latin American gas drilling

Gas-focused drilling in Latin America ticked up during April, with 18 rigs active in the region – a slight increase from March.

25 May 2017
Exploration & Production

Petrobras plans to sell another Amazonian gas field

Brazilian state-run Petrobras announced plans on Monday to sell its Jurua gas field, which is located in the Solimões Basin in the Amazon.

24 May 2017
Exploration & Production

CNPC to invest $2 bln in Peru’s Block 58

State-owned China National Petroleum Corp. (CNPC) plans to invest $2 billion in Peru’s Block 58 over the next few years.

24 May 2017
Exploration & Production

Jadestone exits Bone PSC

Jadestone Energy, an Asia Pacific-focused oil and gas company, has withdrawn from the Bone offshore production-sharing contract in Indonesia.

24 May 2017
Exploration & Production

BP drills 50th well in Khazzan

BP has finished drilling its 50th well as part of its Khazzan gas project in Oman and remains on track to start producing gas by the end of the year.

24 May 2017
Exploration & Production

Ineos increases North Sea presence

International UK-based petrochemicals company Ineos has increased its upstream oil and gas presence by acquiring DONG Energy’s assets in the North Sea.

24 May 2017
A well drilled by Croatian company INA. The country aims to attract IOCs in its new licensing round. (INA) Exploration & Production

Croatia plans new onshore licensing round

Croatia aims to increase its domestic production and is planning to offer new 10 onshore blocks this year and pass a hydrocarbons law to make investment easier.

24 May 2017
Exploration & Production

US rig count at highest level since May 2015

The number of active oil and gas rigs in the United States increased by 16 last week.

23 May 2017
Exploration & Production

Woodside to focus on existing projects – Coleman

Woodside Petroleum is looking towards the expansion of existing projects as sources of future growth rather than committing to new projects, the CEO has said.

23 May 2017
Exploration & Production

Sound Energy declares higher volumes at Moroccan field

UK-based Sound Energy has boosted volume estimates for its Tendrara gas field in eastern Morocco.

23 May 2017

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