South Pars Phase 1 has shown evidence of a drop in pressure. Investment in compressor stations is needed. (POGC) Projects

Iran’s South Pars development faces rising costs

Total and CNPC have signed a deal to invest in South Pars Phase 11, but the development is facing reservoir pressure problems.

BP's Andrew platform, North Sea. (BP plc) Projects

Unlocking North Sea decommissioning deals

Christopher McGee-Osborne, partner at Dentons, talks about the firm’s latest Europe-focused report and decommissioning in the North Sea.

EGPC accepts six exploration bids

Egyptian General Petroleum Corp. has accepted six bids from IOCs to carry out oil and gas exploration in Egypt.

2 December 2016

Ghadir in negotiations to develop two Iranian fields

Iran-based company Ghadir is in negotiations with State Oil Company of Azerbaijan Republic, Lukoil, Gazprom and Eni to develop two fields in Iran.

2 December 2016

US gas output down in September

United States gas production declined year on year in September 2016, according to preliminary data from the Energy Information Administration.

1 December 2016

Centrica sells Trinidad assets to Shell

UK-based Centrica will sell its entire portfolio of gas assets in Trinidad and Tobago to Shell for an initial sum of $30 million.

1 December 2016

Ireland EPA report dampens fracking hopes

A series of reports published by Ireland’s Environmental Protection Agency indicate fracking will not be permitted in the country any time soon.

1 December 2016

Saudi Arabia and Oman boost Middle East rig count

The number of rigs targeting gas in the Middle East rose by 5.4% in October as more were deployed in Oman and Saudi Arabia.

1 December 2016

Chevron and Inpex team up with Pemex for Mexican bid round

Chevron and Japan’s Inpex have entered into a partnership with Mexican state oil and gas company Pemex to bid in Mexico’s latest licensing round.

30 November 2016

China warned of production decline following spending cuts

China’s oil and gas production may fall more steeply next year since NOCs slashed exploration and production spending as a result of globally low oil prices.

30 November 2016

Delek Group posts $22 mln profit for Q3

Israel’s Delek Group has posted an ILS 85 million ($22 million) profit for Q3 2016.

30 November 2016

Decommissioning activity set for global surge

The decommissioning of ageing offshore oil and gas platforms is increasing dramatically worldwide, with more than 600 projects expected to be disposed of during the next five years.

30 November 2016

Novatek in talks with Gazprom to acquire Tambeiskoye fields

Russian independent Novatek is in talks with Gazprom to acquire four fields in the Tambeiskoye group on the Yamal Peninsula.

29 November 2016

Russia and Norway to sign Arctic offshore seismic agreement

Russia and Norway plan to sign an agreement on gathering seismic data along border demarcation lines in the Barents Sea and the Arctic Ocean.

29 November 2016

BP buys 10% in Egypt’s Zohr field from Eni

Eni has sold BP a 10% interest in Egypt’s offshore Shorouk concession – which contains the super-giant Zohr gas field – for $375 million.

28 November 2016

Delek and Avner find $1.75 bln in finance for Leviathan

Delek Drilling and Avner Oil Exploration, the developers of Israel’s Leviathan gas field, have signed commitment letters with HSBC and JP Morgan for financing of up to $1.75 billion.

28 November 2016

Norwegian state may increase Dvalin field stake

The Norwegian government may further increase its stake in the Dvalin gas field development in the Norwegian Sea, the country’s oil ministry said on Friday.

28 November 2016

Trinidad’s new fields offer only short-term solutions

Production from Trinidad’s much-hyped new fields may only restore output to 2014 levels, given current decline rates.

28 November 2016
An artist's rendition of the Aasta Hansteen field. (Statoil)

Aasta Hansteen still waiting for platform construction

Statoil’s first deepwater field in the Norwegian sea will start up in H2 2018, the company says. Meanwhile, development costs are rising.

28 November 2016
Trinidad's Atlantic LNG plant, which has suffered major gas shortages. (BG Group)

Trinidad’s woes are result of underinvestment – BP

BP’s Trinidadian production has fallen sharply as its fields have matured. It has high hopes for its giant Juniper field, but the country needs more.

25 November 2016

Rosneft to begin drilling in Amazon in January

Rosneft’s Brazilian subsidiary will begin drilling a remote area of Brazil’s Amazon rainforest in January.

24 November 2016

Po Valley wins Adriatic concession

Po Valley Energy has been awarded a preliminary production concession for the 1.33 billion cubic metre Teodorico offshore gas field in the northern Adriatic.

24 November 2016

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