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Genesis Energy to Acquire 15% Interest in New Zealand Oil and Gas’s Kupe Fields
December 2, 2016
New Zealand Oil and Gas has signed a deal to sell its 15 percent stake in the Kupe gas and oil fields and production station to Genesis Energy for NZ$168m. The effective date of the transaction will be January 1,
Energean Secures Exploration License for West Katakolon Offshore Oil Block, Greece
December 2, 2016
The Greek Ministry of Energy and Energean Oil & Gas have agreed the conversion of the exploration license for the proven West Katakolon offshore field to a 25-year exploitation license. The West Katakolon Exploitation area (“West Katakolon”) is part of
Oil & Gas Leaders Discuss Future Prospects in Nice, France
December 2, 2016
Organized by Wisdom Events, the INTERGAS Summit opened its doors yesterday in France, Nice. As such, oil and gas leaders from around the globe are sharing their insights and experience as they discuss the future of natural gas, the increasing
Faroe Petroleum and Partners Seek Approval for £600m Oda Field, Offshore Norway
December 2, 2016
Independent oil and gas company Faroe Petroleum and its partners are seeking approval from the Norwegian Ministry of Petroleum and Energy for the development and operation of the Oda field located in the license area PL 405. Estimated to cost
Delek Secures $1.75 Billion Financing for Leviathan Gas Field, Offshore Israel
November 29, 2016
Israel-based Delek Group subsidiaries Delek Drilling and Avner Oil Exploration will receive up to $1.75bn in financing to fund its share in the development of the Leviathan natural gas field in Mediterranean Sea, Israel. As part of the commitment letters,
Total Secures Rights to Build and Operate LNG Re-gasification Terminal, Ivory Coast
November 29, 2016
A consortium led by French oil major Total has secured rights to build and operate a liquefied natural gas (LNG) re-gasification terminal in Ivory Coast. The terminal, which is expected to become operational by mid 2018, will have a capacity
BP to Acquire 10% Stake in Eni’s Shorouk Concession for $375 Million, Offshore Egypt
November 28, 2016
Italian oil and gas company Eni has agreed to sell a 10 percent stake in its Shorouk concession, offshore Egypt, to BP for $375m. The minority stake will give BP access to Eni’s supergiant gas field Zohr. The British multinational
WorleyParsons Wins EPCM Contract for Qatar Shell’s Pearl Gas to Liquids Facilities
November 23, 2016
WorleyParsons has been awarded a five year Engineering, Procurement and Construction Management (EPCM) services contract for the Pearl Gas to Liquids (GTL) and associated facilities in Qatar. Under the contract, WorleyParsons will provide EPCM services primarily for a portfolio of
Sirius Awards Well Management Contract to Add Energy for Its Offshore Nigeria Oil Field
November 23, 2016
Sirius Petroleum has as signed a well management contract with Add Energy for its shallow offshore development campaign in Nigeria. The multi well campaign is part of Sirius’ shallow offshore development strategy in Nigeria, commencing in the first half of
Petronas Achieves First Gas at Its Kanowit Floating LNG Facility, Offshore Sarawak
November 23, 2016
Malaysia’s state-owned oil firm Petronas has achieved first gas for its first floating liquefied natural gas (LNG) facility Pflng Satu from the Kanowit gas field, offshore Sarawak. The flare tower of Pflng Satu was ignited by introducing gas from the
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