Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry’s rapidly burgeoning supply. Companies have invested billions in plants to produce liquefied natural gas (LNG) in places such as Australia and the United States. But gas demand growth is slowing,… Continue Reading »
Kosmos Energy (NYSE: KOS) announced today that its Teranga-1 exploration well offshore Senegal has made a significant gas discovery. Located in the Cayar Offshore Profond block approximately 65 kilometers northwest of Dakar in nearly 1,800 meters of water, the Teranga-1 well was drilled to a total depth of 4,485 metres. The well encountered 31 meters… Continue Reading »
The Australian Petroleum Production & Exploration Association (APPEA) indicated Thursday that the development of a new oil province in the Great Australian Bight would deliver significant long-term economic benefits for Australia and South Australia. APPEA South Australia – Northern Territory Director Matthew Doman said hearings of the Senate Environment and Communications References Committee “Inquiry into… Continue Reading »
Egypt plans to launch a new oil exploration round next week, offering 11 blocks in the Western desert and the Gulf of Suez, Petroleum Minister Tarek al-Molla said on Tuesday. He said that Egypt also plans to launch two gas exploration rounds this year. Egypt, which used to be a net energy exporter, has become… Continue Reading »
The Netherlands-based submersible manufacturer, U-Boat Worx , has launched three new luxury submarine models the Cruise Sub 5, Cruise Sub 7 and Cruise Sub 9. The Cruise Sub 5 and 7 are capable of diving to 1,140 meters making them the deepest-diving tourist submersibles. Depending on the model, it can carry 5, 7 or 9… Continue Reading »
In an ongoing effort to complete its West Hub Development Project (WHDP) in Block 15/06 offshore Angola, Italian energy firm Eni S.p.A announced Jan. 11 it had started production from the Mpungi field. Capable of increasing the WHDP’s output to around 100,000 barrels of oil per day (bopd) within the first quarter of 2016, according… Continue Reading »
Indonesian oil and gas services company, Elnusa, has purchased a seismic vessel at the beginning of the second quarter of 2016 to support the national oil and gas exploration activities in Indonesia. The seismic vessel has the capacity to carry 12 streamers with each streamer length of up to 10 km. President Director of Elnusa, Syamsurizal Munaf, said: “It… Continue Reading »
Oil major Royal Dutch Shell has pulled its application from Norway’s Arctic-focused oil licensing round, the firm said on Monday, in a blow to the Nordic country’s ambitions to explore for oil and gas in its northern offshore areas. “The decision is part of an optimisation of Shell’s global portfolio following the acquisition of BG… Continue Reading »
Amidst a flurry of farm-in activity, several drilling and data acquisition operations are scheduled to take place in Kenya this year in an effort to turn the East-African nation into a significant oil and gas producer. Tullow Oil plc is on the verge of testing a basin bounding structural closure in Kenya’s previously undrilled Kerio… Continue Reading »
Malaysian offshore waters have, for the first time, opened to the multi-client seismic model, TGS informed. The move came as a result of a new initiative by Petronas to stimulate offshore E&P investment activity. A consortium comprising of PGS, TGS and Schlumberger WesternGeco, the industry’s three largest multi-client companies, have won the tender for the rights to… Continue Reading »
