oil rig in iraq Exploration & Production

Iraq launches border licensing round

Nine border-area blocks will be on offer as Iraq seeks to increase its oil and gas reserves under a new contracting regime.

By Verity Ratcliffe 12 December 2017
Exploration & Production

ExxonMobil takes leases for Utica Shale play

ExxonMobil has taken its first step in the shale oil and gas field, acquiring leases in Ohio’s Utica Shale, according to a news report on Friday.

23 September 2011
Exploration & Production

Apache acquires Exxon’s maturing North Sea assets

Apache North Sea, a subsidiary of the United States’ Apache Corporation, has agreed to purchase ExxonMobil’s North Sea assets for $1.75 billion, according to a statement released on Thursday.

22 September 2011
Exploration & Production

Qinshui Lanyan CBM begins drilling for coal seam gas

Qinshui Lanyan Coalbed Methane has started drilling for coal seam gas in a Shanxi Province coal mine owned by Huajin Coking Coal, Qinshui Lanyan announced on Sunday.

22 September 2011
Exploration & Production

KRG transparency initiative likely to be a “political move”

Oil and gas companies operating in Kurdistan have welcomed the oil ministry’s announcement on Tuesday to put all signed production sharing contracts (PSCs) into the public domain.

22 September 2011
Exploration & Production

Indonesia forges ahead with ambitious East Natuna development

Indonesia’s gas reserves at its Arun LNG liquefaction station are running out, and the government is keen to develop the East Natuna gas field to help the country deal with its rising gas consumption.

22 September 2011
Exploration & Production

OMV to increase focus on upstream, gas to power

Austrian oil and gas company OMV plans to divest €1 billion ($1.3 billion) in refinery and marketing assets until 2014 in order to increase its focus on upstream and gas to power projects, the company’s CEO, Gehard Roiss, said in a presentation to journalists and analysts late on Wednesday.

22 September 2011
Exploration & Production

CBM Asia expands Indonesian coal-bed methane acreage

CBM Asia has acquired majority stakes in an Indonesian CBM concession adjoining BP/Eni’s Sanga Sanga PSC in East Kalimantan – the first to supply CBM to an LNG plant anywhere in the world – and in Central Sumatra, not far from the Trans Sumatra gas pipeline and Chevron’s Duri oilfield steam flood operation.

21 September 2011
Exploration & Production

New drilling rigs key priority for SOCAR

State Oil Company of the Azerbaijani Republic (SOCAR) is in need of a new drilling rig for prospecting work, SOCAR President Rovnag Abdullayev told reporters on Wednesday.

21 September 2011
Exploration & Production

Indonesia announces successful auction of oil and gas blocks

Evita Legowo, the Indonesian Energy Ministry director said in a statement released online today that the country had successfully auctioned nine out of 11 oil and gas blocks in the first bidding round held this year.

21 September 2011
Exploration & Production

Shell and QGEP swap strategies in Brazilian market

QGEP Participacoes, an exploration subsidiary of Brazilian industrial group Queiroz Galvão, has finalised a deal with the local unit of Royal Dutch Shell to buy a 30% stake in an offshore exploration block in the Santos Basin.

21 September 2011
Exploration & Production

Indonesia sets 2015 start date for Eni’s Jangkrik project

Indonesia's oil and gas regulator BPMigas expects production from Eni's Jangkrik gas project to begin in 2015.

21 September 2011
Exploration & Production

Total farms into Kenyan blocks

French oil major Total has bought a 40% stake in five offshore blocks in Kenya as the company continues to expand its exploration portfolio.

21 September 2011
Exploration & Production

Spain kicks off shale exploration drive

Canada’s Realm Energy International, which has announced plans to merge with San Leon Energy by the end of November, has acquired two licences to explore and develop shale gas acreage in the Cantabrian basin in Northern Spain. Unconventional oil and gas explorer BNK Petroleum has also received a licence in the basin, through its unit Trofagas Hid

21 September 2011
Exploration & Production

Kurdistan PSC contracts made public

The Kurdistan Regional Government (KRG) is boosting its transparency credentials by making all production sharing contracts (PSCs) signed with foreign oil companies available to the public on its website.

21 September 2011
Exploration & Production

US and Mexico negotiate Gulf of Mexico agreement

The United States and Mexico are negotiating over an agreement for drilling practices in certain areas of the Gulf of Mexico, which may delay bids for leases that come up for sale later this year, the US Interior Department said Tuesday.

21 September 2011
Exploration & Production

Lack of funding and inexperience stall China’s CBM development plans

China has larger coal-bed methane reserves than the United States, but production has been stymied by a combination of inexperience and insufficient funding. There are reasons to be optimistic, however.

20 September 2011
Exploration & Production

Gulf Keystone raises $200 million to prove up Kurdistan reserves

Kurdistan-focused Gulf Keystone has raised $200 million through a share placement. The company placed 91.1 million new shares at $2.2 each, 18% lower than Friday’s closing share price of $2.67.

20 September 2011
Exploration & Production

Husky Energy OK’s $6.5 billion development of Liwan gas fields

Canada’s Husky Energy has approved the $6.5 billion project to develop two of the gas fields in the Liwan Gas Project off the south-east coast of China – a project that the company hopes will give it significant foothold in the Chinese and South-east Asian gas markets, Husky said on Monday afternoon.

20 September 2011
Exploration & Production

Sasol’s global GTL push reaches Uzbekistan

South Africa’s Sasol have taken a step closer to building a gas-to-liquids (GTL) plant in Uzbekistan after signing an investment agreement with the Uzbek government and Malaysia’s Petronas on Monday.

20 September 2011
Exploration & Production

Shtokman to provide project costs to shareholders in October

Shtokman Development AG will present shareholders with an evaluation of the project's costs next month, the company told Interfax on Tuesday. The shareholders plan to make a final investment decision based on these calculations in December.

20 September 2011

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