Turkey on Friday called on major international oil and gas companies seeking a license to search for gas deposits off of Cyprus to withdraw their bids, saying it will not allow exploration to go ahead and threatening to ban them from Turkish energy projects. Israeli firms such as Delek Israel and Avner Oil and Gas as well [...]
A Shell subsidiary in Nigeria announced it started repairs on a crude oil pipeline in the country following an early May closure and force majeure declaration. Shell declared force majeure on Bonny Light crude, the Nigerian blend, as of May 4. “The action is due to production deferment caused by incessant crude theft and illegal [...]
ABB recently won an order worth $18 million from Daewoo to supply energy efficient propulsion and electrical power systems for two new deep sea pipeline installation vessels that will build oil transport infrastructure off the coast of Brazil. The order was booked in the first quarter. South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) [...]
Cairn Energy Plc said Thursday it has teamed up with Houston-based Marathon Oil Corp. to jointly bid for oil and gas exploration rights in Cyprus, where huge offshore discoveries of natural gas have reignited international tensions over the divided island. Cairn and joint venture partner Marathon submitted bids May 11, with a decision by the [...]
UK-based energy giant BG Group announced Wednesday its fifth consecutive Tanzanian gas discovery with the Mzia-1 exploration well located in Block 1, offshore southern Tanzania. Mzia-1 is BG Group’s first discovery within the deeper Cretaceous section and opens an extensive new play fairway within the Group’s offshore acreage in Blocks 1, 3 and 4, to complement [...]
CAMAC Energy on Tuesday announced that it has signed Production Sharing Contracts (PSCs) with the government of The Republic of Kenya for previously awarded exploration Blocks L1B, located onshore in the Lamu Basin, and L16, located in the Lamu Basin transition zone. Block L16 is bordered on the east by Block L8, operated by Apache [...]
European Union authorities announced Wednesday they have cleared a liquefied natural gas joint venture in Angola by BP, Chevron, Eni, Sonangol and Total. The European Commission gave its blessing having “found that the transaction would not raise competition concerns because of the joint venture’s moderate anticipated market share, the presence of a number of credible [...]
British oil company BP Plc has entered into two production sharing contracts (PSCs) with the Government of the Republic of Trinidad and Tobago for new deepwater exploration blocks, located 300km off the north-east coast of Trinidad. BP was awarded blocks 23(a) and TTDAA 14 in the 2010 / 2011 deepwater competitive bid round in July [...]
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