Tecpetrol launching the development plan for Fortín de Piedra. (Tecpetrol) Exploration & Production

Tecpetrol casts a wide net in Vaca Muerta

Drilling in Argentina’s Vaca Muerta can be hit-and-miss, but local independent Tecpetrol is spreading its bets with a 150-well programme.

By The Wildcat 27 March 2017
Exploration & Production

Exports from Shah Deniz climb year on year

Exports of Azerbaijani gas from the first stage of the Shah Deniz field development increased by 0.5% year on year in January and February 2017, to 1.3 bcm.

27 March 2017
Exploration & Production

BP makes third gas discovery in Damietta

BP has made a third gas discovery at the Qattameya Shallow 1 exploration well in the North Damietta concession offshore Egypt.

27 March 2017
Exploration & Production

Gas surpasses coal in UK power market

Gas overtook coal as the UK’s main source of electricity generation in 2016.

27 March 2017
Exploration & Production

Argentina’s explorers chase gas, not oil

Upstream activity has waned in Argentina, according to ministry data. But the numbers tell another story – it is more gas-focused than ever before.

27 March 2017
Exploration & Production

Tecpetrol will plough $2.3 bln into Vaca Muerta by 2019

Tecpetrol, a subsidiary of Argentine industrial giant Techint Group, has announced it plans to invest $2.3 billion in the country’s Vaca Muerta shale formation between now and 2019.

24 March 2017
Exploration & Production

Rockhopper takes Italy to court over Ombrina Mare

Rockhopper Exploration has started a legal dispute with Italy to protect its investment in the Ombrina Mare project in the Adriatic Sea.

24 March 2017
Santos’s Gladstone LNG is one of the facilities under pressure from the Aussie government to cut exports. (Santos) Exploration & Production

Queensland LNG under pressure to cut exports

Australia's federal government is putting pressure on Queensland’s LNG producers to cut back on exports to ensure there is enough gas for domestic needs.

24 March 2017
Construction work at Angola LNG. The disputed blocks are 400 km from the plant. (Angola LNG) Exploration & Production

Sonangol/Cobalt dispute clouds Angolan upstream

Cobalt International Energy has issued a notice of dispute to Sonangol after the Angolan state-owned company pulled out of a project, leaving Cobalt with assets it has struggled to sell.

24 March 2017
Exploration & Production

Gulf of Mexico lease sale attracts only $275 mln in bids

Twenty-eight oil and gas companies offered a total of $274.8 million for this year’s Gulf of Mexico Central Lease Sale 247 on 22 March – an increase on last year’s bids but less than half the total offered in 2015.

23 March 2017
Exploration & Production

Maryland moves ahead with ban on fracking

The US state of Maryland is making progress on introducing a ban on fracking within its borders.

23 March 2017
Exploration & Production

Eni awarded two exploration blocks off Ivory Coast

Eni has won two new exploration blocks 50 km off Ivory Coast, the company announced on Wednesday.

23 March 2017
Exploration & Production

Cyprus upbeat about future licensing rounds

Cyprus is looking ahead to its next oil and gas licensing rounds. The country recently held its third licensing round, for which contracts with IOCs are expected to be signed on 5-6 April.

23 March 2017
Exploration & Production

Maersk signs Danish deal to redevelop Tyra field

Oil and gas company Maersk has signed a deal with the Danish government to pay less tax on its North Sea activities until 2025.

23 March 2017
Exploration & Production

OGA awards 25 licences on UK Continental Shelf

The UK Oil and Gas Authority has awarded 25 licences for 111 blocks or part blocks to 17 companies in the country’s 29th offshore licensing round.

23 March 2017
Drilling in Algeria’s Arzew region. The country is hoping to promote exploration. (Sonatrach) Exploration & Production

Algeria’s big exploration push

Algeria is going all out to attract investment from IOCs in its upstream sector in an attempt to boost oil and gas production in the long term.

23 March 2017
Former Neuquén Governor Jorge Sapag (right). Plans for the province have met resistance. (Govt of Neuquén) Exploration & Production

Argentina’s new deal causes union bluster

Buenos Aires is seeking to relax strict health and safety rules for drillers in Vaca Muerta, but the country’s unions are not happy.

23 March 2017
Exploration & Production

Supplies from Sinopec’s Fuling shale hit 10 bcm

Sinopec’s Fuling shale gas field has supplied 10 billion cubic metres of gas to customers since it started commercial operations in 2014.

22 March 2017
Exploration & Production

Nottingham grants IGas permission to drill shale well

Nottinghamshire County Council has granted planning consent for onshore oil and gas explorer IGas to drill an exploratory well for shale gas.

22 March 2017
Exploration & Production

Shell plans to drill new wells in Queensland

Shell plans to drill 161 new wells in the Australian state of Queensland by the end of 2018 to continue supplying 10% of the country’s domestic market, the company has said.

21 March 2017
Exploration & Production

Eni’s Jangkrik FPU ready to start operations

Eni’s Jangkrik FPU is ready to sail to its final destination in the Muara Bakau block in the Kutei Basin, Makassar Strait.

21 March 2017

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