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Projects

Bulgaria approves transfer of 30% stake in offshore block to Woodside

Bulgaria’s government has approved the transfer of 30% of the exploration rights in offshore Block 1-14 Khan Kubrat to the local subsidiary of Australia’s Woodside Petroleum

20 December 2018
Projects

Libya’s NOC declares force majeure at largest oilfield

Libya’s NOC has declared force majeure at the country’s El Sharara oilfield following its seizure by protesters

20 December 2018
Petronas’s PFLNG facility off the coast of Sarawak. (Petronas) Projects

Sarawak’s proposed sales tax is a bitter pill for IOCs

The Sarawak state government’s proposed sales tax risks deterring potential developers.

20 December 2018
Projects

Weiyuan block shale gas output up 60%

Chuanqing Drilling Engineering’s daily shale gas output at the Weiyuan Block in southwest China reached 5.1 million cubic metres on 2 December.

19 December 2018
Projects

Lack of investment puts Australia’s east coast gas market at risk

Australian gas suppliers are delaying investment in exploration needed to stave off longer-term concerns about prices in the country’s east coast gas market, the ACCC has said.

19 December 2018
Projects

Equinor to drill exploration well in Barents Sea

Norway’s Equinor has received consent to drill exploration well 7132/2-2 in the Barents Sea

18 December 2018
Projects

PGNiG gains approval to buy stake in Tommeliten Alpha field

Poland’s PGNiG has obtained permission to buy a 42.38% share in the Tommeliten Alpha field offshore Norway from Equinor

18 December 2018
Discoveries & Reserves

CNOOC agrees to develop Chinese acreage with foreign companies

CNOOC has signed strategic cooperation agreements with nine foreign companies to develop acreage off the coast of southern China.

18 December 2018
Unconventional Gas

North Korea working to convert coal to SNG

North Korea is converting its abundant coal supplies into SNG to help it withstand economics sanctions imposed by the UN.

18 December 2018
Discoveries & Reserves

China and Japan agree to restart talks on East China Sea development

China and Japan plan to discuss resuming long-stalled talks on the joint development of a disputed gas field in the East China Sea.

18 December 2018
Projects

BP and Sonangol reach agreement for further investments

BP has signed an agreement with Angola’s Sonangol that will allow it to make FIDs on several offshore blocks in the country.

18 December 2018
Projects

Equinor starts production at Aasta Hansteen

The Aasta Hansteen gas field in the Norwegian Sea started producing gas on Sunday, Norway’s energy company Equinor has said

17 December 2018
Licensing Rounds

Philippine licensing round attracts 13 applications

The Philippines has received 13 applications to explore 14 areas offered under the ‘Explore, Explore, Explore’ programme

17 December 2018
Projects

Eni receives investment approval for Merakes project in Indonesia

Indonesia has approved Eni’s investment plan for the Merakes project

17 December 2018
Projects

Wentworth pulls out of Tembo block in Mozambique

Wentworth Resources has announced that it will relinquish its Tembo onshore exploration block in northern Mozambique on 30 April 2019.

17 December 2018
Projects

Iran to boost South Pars output to 630 MMcm/d by late March

Iran plans to increase production at its South Pars gas project to a record 630 million cubic metres per day by late March 2019

17 December 2018
Projects

Woodside awards FEED contracts for Senegal blocks

Woodside has awarded the FEED contracts for Phase 1 of the $2 billion SNE development offshore Senegal to Subsea Integration Alliance

17 December 2018
Licensing Rounds

India delays deadline for small fields licensing round

The Indian government has pushed back the deadline for submissions to its second Discovered Small Fields round by one month until 18 January

14 December 2018
Projects

Nigeria’s government to sue Shell and Eni over OPL 245

Nigeria’s government has initiated proceedings to sue Shell and Eni for $1.1 billion over an allegedly corrupt deal for OPL 245.

14 December 2018
The skyline of Beirut Licensing Rounds

Lebanon optimistic as it pushes on with licensing process

Lebanon is attempting to make its second licensing round more attractive to IOCs, but the political deadlock in the country will not help.

14 December 2018

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