A BP drillship in the West Nile Delta Projects

Getting its house in order pays off for Egypt

Egypt has been paying debts and lifting prices in a bid to attract explorers, and the effort is being rewarded.

By The Wildcat 20 April 2018
Discoveries & Reserves

Australian exploration more than doubles

Onshore oil and gas exploration in Australia more than doubled between 2010 and 2011, Deloitte said in an analysts’ note on Tuesday.

21 February 2012
Discoveries & Reserves

Yuanba field proves robust

China's Yuanba gas field has nine exploration wells that each produce at least 1 million cubic metres per day (MMcm/d), Sinopec announced on Monday.

21 February 2012
Discoveries & Reserves

Lagosta 3 well continues Mozambique success

United States company Anadarko announced encouraging appraisal results for the Lagosta 3 well offshore Mozambique on Tuesday.

21 February 2012
Discoveries & Reserves

Tullow Oil completes farm-down of Ugandan licences

Tullow Oil announced on Tuesday that has completed the farm-down of its Ugandan licences to Total and China National Offshore Oil Corp.

21 February 2012
Discoveries & Reserves

Anadarko discovers oil off Sierra Leone

Anadarko has discovered oil off the coast of Sierra Leone in the Jupiter 1 well, the company announced on Tuesday.

21 February 2012
Projects

BP exercises 14-day options on Safe Scandinavia rig

BP has exercised both of its 14-day options on the Safe Scandinavia rig which is currently working on the North Sea Valhall field, according to a report in Upstream Online on Tuesday.

21 February 2012
Projects

A big year of drilling ahead for Oil Search in Papua New Guinea

With the PNG LNG project’s development reaching its peak this year and exploration to both underpin another train and a separate LNG facility getting underway, Australia’s Oil Search is gearing up for its biggest year yet in the Asia Pacific country, company officials said in a conference call on Tuesday.

21 February 2012
Projects

Kazakhstan budgets $2 bln for Karachaganak stake

Kazakhstan has earmarked over $2 billion to buy a 10% stake in the Karachaganak gas project, operated by the Karachaganak Petroleum Operating (KPO) consortium, according to a draft version of the Kazakh budget for 2012-2014.

20 February 2012
Projects

Uzbekistan approves Ustyurt GCC financing scheme

Uzbekistan has approved a $4 billion financing scheme for the construction of the Ustyurt gas chemicals complex at the Surgil field, Uzbek oil and gas holding Uzbekneftegaz told Interfax.

20 February 2012
Projects

Collaboration on Aussie challenges

A group of nine oil and gas companies has agreed to collaborate on identifying common technology challenges and potential solutions in Australia, technology facilitator ITF announced on Friday.

20 February 2012
Projects

Ormil Energy starts CBM drilling

Small Australian operator Ormil Energy has started drilling for coal-bed methane (CBM) in its New South Wales tenement PEL 454, it said in a notice to the Australian Securities Exchange.

20 February 2012
Projects

Thiess and EV LNG Australia win storage contract

A joint venture between construction contractors Thiess and EV LNG Australia has won a A$500 million ($539.3 million) contract to build two LNG storage and two condensate tanks for the Chevron-operated Wheatstone LNG project in Western Australia, Thiess announced on Monday.

20 February 2012
Projects

Apache to increase Egypt investment

United States group Apache’s Chairman and Chief Executive G. Steven Farris pledged to spend $1 billion on oil and gas development in Egypt next year at a press conference in Cairo on Sunday, according to a report from the Kuna news agency.

20 February 2012
Licensing Rounds

Sinopec, CNPC win Chinese offshore exploration rights

China National Petroleum Corp. (CNPC) and Sinopec have won exploration rights for two offshore blocks in the South Yellow Sea Basin after a closed auction of conventional oil and gas resources.

20 February 2012
Licensing Rounds

Bidding round for Suriname offshore to launch in 2013

Suriname will launch a bidding round for its offshore Demerara Plateau in the first quarter of 2013, in an attempt to capitalise on the Guyana Basin exploration boom.

20 February 2012
Discoveries & Reserves

Statoil find draws attention back to Tanzania

After a series of blockbuster reserves announcements in neighbouring Mozambique, a find by Statoil and ExxonMobil has refocused attention on Tanzania’s offshore potential.

17 February 2012
Unconventional Gas

CBM developer Green Dragon Gas to build on momentum in 2012

China-focused independent coal-bed methane (CBM) developer Green Dragon Gas is posed to increase production in 2012, on the back of triple-digit increases in both production and wells drilled during 2011, according to a report by Credit Suisse.

17 February 2012
Projects

What Rospan tells us about TNK-BP

Following a series of setbacks in the past 10 years, TNK-BP is inching forward in its aggressive gas expansion plans. Having secured a market for the Rospan gas fields, the projects economics point to an even rosier picture for Russia’s third largest oil company.

17 February 2012
Projects

Ecuador’s quest for exploration fortune may be fruitless

Analysts told Interfax on Thursday they were sceptical that the country’s oil and gas industry was a good investment opportunity.

17 February 2012
Discoveries & Reserves

WestSide

Australia’s WestSide has almost doubled its proven, probable and possible reserves, amounting to 725 PJ (19.5 bcm) over the past year, it announced on Thursday.

17 February 2012

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