Exploration/discoveries
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
Spain has granted permits covering a swath of the mountain range to Mantle8 for natural hydrogen and helium exploration a month after France granted the company similar permits.
Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…
-
The upstream sector for Mexico’s offshore oil and gas fields continues to diversify after its most recent tender. -
OTC panelists were excited at the potential of deepwater exploration offshore Mexico and believe that opportunities there could eventually drive a big new wave of activity.
-
India will test whether it can reach its ambitious goal of reducing oil and gas imports by 10% by 2022 with an upcoming auction of oil properties.
-
To meet its projected oil demand in 2040, Mexico must see about USD 30 billion/year in upstream investment. BHP Billiton’s contract signing with Pemex represents a step in the needed direction.
-
The international major's low-cost development plan calls for a subsea tieback that will transport oil and gas through a single flowline to an existing floating production facility.
-
Mexico’s historic public tender for its deepwater real estate resulted in the awarding of eight out of 10 blocks on offer.
-
Iran’s national oil company is offering investment opportunities in 50 fields to global bidders, its first effort to do so since the 2015 pact with world powers that lifted nuclear-related sanctions against the country.
-
The opening of Mexico’s oil and gas sector was a landmark moment in the industry, but despite the potential upside, the uncertainty and risk surrounding unfamiliar offshore territory in a volatile price market kept many potential investors at bay.
-
Iran has surprised many global market experts with how rapidly it has increased crude oil production, following the January international agreement that lifted nuclear-related sanctions against the country. External companies get a look at new terms for production in Iran.
-
An international bidding round for oil and gas announced on 1 August is Egypt’s most recent move to bolster its lackluster economy. This article examines the current state of the industry in Egypt.
