March 28, 2023
In an exclusive interview with the African Energy Chamber, Foday B. L. Mansaray, Director General of Sierra Leone’s Petroleum Directorate, spoke on the country’s exploration agenda to develop its hydrocarbon-rich, ultra-deep basins
Opinion: It's time to set the record straight on seismic surveys in South Africa and end the energy crisis
March 23, 2023
Seismic surveys use sound waves to help oil and gas companies build an image of hydrocarbon deposits buried deep underground. They are considered a fast and efficient way to map out new reserves, which is essential given that the world’s oil and gas supplies are dwindling even as energy demand is soaring, and renewables aren’t ready to do the heavy lifting of keeping the lights on around the globe.
March 14, 2023
ANPG, Exxon and state-owned Sonangol signed an addendum to blocks 30, 44, and 45 in the Namibe Basin to make exploration in the area more competitive. Exxon will pursue a potential exploration well in 2024 as a result of improved fiscal terms.
February 28, 2023
As part of the sales process, OMV will invite potentially interested parties to submit expressions of interest and binding offers. The sales process is expected to take place over the next few months.
February 22, 2023
The government expects oil output to increase by 250,000 bpd once the blocks covered by the agreements start producing, Oil Minister Hayyan Abdul Ghani said on local television on Tuesday.
February 17, 2023
To fend off climate change, the world’s biggest energy consumers are trying to reduce their consumption of fossil fuels as they transition to renewable sources. That could turn Suriname’s oil fields into stranded assets if they aren’t developed fast enough.
February 17, 2023
The company is on track to achieve a production rate of over 350 Kboed by the end of 2025 based on 17 sanctioned projects with the majority well into execution with committed investments, including the key projects Balder X, Johan Castberg and Breidablikk.
Worldwide E&P spending is set to increase in 2023, albeit slower than growth experienced in 2022. Spending deceleration in North America (NAM) follows a near-record NAM level in 2022. International spending’s growth will slip, due to declines in Russia.
February 15, 2023
The 10 exploration blocks on offer are within the producing Malay, Sabah and Sarawak basins as well as the newly opened Penyu basin. These blocks cover various geological play settings with sizeable prospects to be explored.
February 07, 2023
The talks come as European and U.S. companies step up efforts to extract oil and gas from the region and help make up for sanctions-related supply losses from Russia.
February 01, 2023
The collaboration leverages decades of experience and expertise in HPC infrastructure and solutions and opens a new chapter in the respective histories of both companies.
Oil & Gas Forecast 2023
February 22, 2023
IPAA, Universal Pressure Pumping, Oil States, WOM
Now in its 97th year, the World Oil Forecast is one of the upstream oil and gas industry's most trusted sources of projections and data relating to global E&P activity. Utilizing data collected from proprietary surveys of governments and operators in the U.S. and worldwide, this definitive industry report includes projections for spending and activity, worldwide drilling and production, and an analysis of political factors impacting the U.S. and international oil and gas industry. Now, more than ever this information will help market leaders make decisions relating to their businesses.
January 24, 2023
PGS will acquire 4D surveys over the Gullfaks and Gudrun fields over the summer of 2023.
January 23, 2023
Canacol Energy made three gas discoveries at Dividivi 1, Saxofon 1, and Chimela 1 in Colombia’s Middle Magdalena basin. The company also provided updates regarding its near-term drilling programs.
January 20, 2023
The delay is costing Petrobras a fortune of about $1 million a day for the rig, three helicopters, support boats and workers, according to calculations by consultancy Wood Mackenzie Ltd.
January 19, 2023
Speaking in a panel on energy transition from the World Economic Forum at Davos, Colombia's Energy and Mines Minister doubled down on President Gustavo Petro’s campaign promise to transition the country away from fossil fuels.
January 18, 2023
The frame agreement entails the provision of pipes Alleima produces with CRA materials and finished with TenarisHydril Blue® premium connections and Dopeless® technology.
January 16, 2023
The North Sea Transition Authority’s announcement that it has received 115 bids for new oil and gas exploration licenses shows how UK offshore energy operators are doing their best to support the nation’s energy future, Offshore Energies UK (OEUK) said on Jan. 16.
January 11, 2023
The new licenses are close to existing infrastructure in the Gjøa and Fram areas of the Norwegian North Sea. Neptune already has a presence here, reflecting the company’s exploration strategy to focus on key opportunities within core areas.
January 10, 2023
Apex acquired all of IEOC’s interests in the Ras Qattara, West El Razzak and East Kanayis concessions. Apex will acquire the West Abu Gharadig concession following an extension and will become the operator of each through Farah Petroleum Company.