OPEC and its closest partners have made a dramatic move to try and stabilise the crude oil price by agreeing to adjust downwards their overall crude oil production by 9.7 mb/d. The new cuts will commenced from May 1, 2020
AUSTRALIAN junior Coal Bed Methane (CBM) developer Tlou Energy Limited has signed an interim Power Purchase Agreement (PPA) with Botswana Power Corporation (BPC). The 2MW CBM Pilot PPA is now undergoing final regulatory formalities. Managing Director, Anthony Gilby, said the
LEADING oil and gas industry analysts have agreed that the weekend drone attacks on Saudi Arabia oil fields will have a significant impact on the oil price and the industry. Saudi Aramco emergency crews contained fires at its plants in
ASX-listed FAR Limited reports that drilling has commenced on the Samo-1 exploration well in block A2, offshore The Gambia. The Stena Drillmax arrived on site on Sunday, 21 October and after standard pre-drill operations, the well was successfully spudded. The
Leading Australian oil and gas company, Woodside, is aiming to commercialise Senegal’s first ever oilfield by 2022. Detailing the “SNE Development – Phase 1” schedule on the final day of the Paydirt 2018 Africa Down Under mining conference in Perth,
EXXON Mobil Corporation has announced today its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. The company encountered approximately 20 m of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 5,597m depth in 2,067m
Noble Energy, Inc. has announced that it has sanctioned the first phase of the US$3.5 Leviathan natural gas project offshore Israel, with first gas targeted for the end of 2019. Noble Energy is the operator of the Leviathan Field, which
A CHARIOT Oil & Gas subsidiary, Chariot Oil & Gas Investments (Morocco) has been awarded a 75 per cent interest and operatorship of the Mohammedia offshore exploration permits I – III, Morocco. This is in partnership with the Office National
AKER Solutions will deliver its longest-ever umbilicals system as part of a contract for the Zohr offshore gas field in the Egyptian part of the Mediterranean Sea. Valued at more than NOK 1 billion, the agreement with Petrobel in Egypt
BUILDING on its profile in the Middle East, McDermott International has been awarded three projects by a national oil company for integrated engineering, procurement, construction, and installation (EPCI) services in multiple fields in the Arabian Gulf. In addition, the group