Tag Archive

ENERGY NEWSTRACK TO 31/08/18:

ENERGY NEWSTRACK TO 31/08/18:

August 31, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $75.72 a barrel on Thursday, 30 August 2018, compared with $74.48 the previous day, according to OPEC Secretariat calculations. Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export […]

Eni Extends Lease for Key Assets in Egypt Nile Delta

Eni Extends Lease for Key Assets in Egypt Nile Delta

August 14, 2018 No Comments

Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi West Development Lease (203 km2), where the Nooros field is located, and the execution of further exploration activities within El Qar’a Exploration Lease (64 km2). These assets are located in the “Great Nooros Area”, […]

Oil discovery in the Faghur Basin in Egyptian Western Desert

Oil discovery in the Faghur Basin in Egyptian Western Desert

May 3, 2018 No Comments

Eni announces an oil discovery on the A-2X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, some 103 Km North of the oasis of Siwa. The well is the first one drilled by Eni to explore the deep geological sequences of the Faghur Basin. The exploratory well, named SWM A-2X, […]

Eni awarded Exploration Block in the Kutei Basin Indonesia

Eni awarded Exploration Block in the Kutei Basin Indonesia

May 2, 2018 No Comments

Eni has been awarded 100% participating interest in the East Ganal deepwater exploration block in the Kutei Basin, in Indonesia. East Ganal is a new “gross split” PSC (Production Sharing Contract) covering an area of about 5,100 square kilometers and adjoins the Eni operated Muara Bakau and East Sepinggan PSCs, in the Makassar Strait offshore […]

Schlumberger’s New Perforating Gun System

Schlumberger’s New Perforating Gun System

April 5, 2018 No Comments

Schlumberger introduced the Tempo* instrumented docking perforating gun system at the SPE/ICoTA Coiled Tubing and Well Intervention Conference and Exhibition. This groundbreaking combination of a plug-in gun design with real-time advanced downhole measurements enables and monitors the well’s dynamic underbalance to create clean perforations that boost reservoir productivity. The proprietary docking components of the compact […]

Pemex, Lewis  Signs Contract to Develop Mexican Shale

Pemex, Lewis Signs Contract to Develop Mexican Shale

March 28, 2018 No Comments

Petróleos Mexicanos and Lewis Energy México signed the first Integrated Exploration and Extraction Contract (Acronym in Spanish: CSIEE) for the Olmos field, which is located in the state of Coahuila. The purpose is to assess and develop the Eagle Ford field in Mexico. By formalizing this contract, an investment of $617 million is expected, and […]

Ophir Awarded Mexico Licence for Block 10 and 12

Ophir Awarded Mexico Licence for Block 10 and 12

March 7, 2018 No Comments

Ophir announced that, together with its joint venture partners, it has been awarded Block 10 and Block 12 as part of the Mexico offshore bid round 2.4. Both of these licences are located in the Ridges basin, which features a proven hydrocarbon system and material prospectivity. The licence awards are subject to final approval from […]

Iran – Pakistan – India gas pipeline

Iran – Pakistan – India gas pipeline

February 27, 2018 No Comments

Alexey Miller, Chairman of the Gazprom Management Committee, and Khawaja Muhammad Asif, Minister of Foreign Affairs of the Islamic Republic of Pakistan, met in St. Petersburg to discuss the prospects for bilateral cooperation, including the potential for supplying LNG from the Gazprom Group’s portfolio to Pakistan, as well as collaborating in hydrocarbon exploration and production […]

Eni Announce full year 2017 and fourth quarter results

Eni Announce full year 2017 and fourth quarter results

February 16, 2018 No Comments

Eni’s Board of Directors approved the Group results for the fourth quarter and the full year of 2017 (unaudited). In the fourth quarter of 2017, the Exploration & Production segment reported an adjusted operating profit of €1,864 million, an increase of 33% from the fourth quarter of 2016. This improvement reflected the recovery in crude […]

LUKOIL BOARD OF DIRECTORS SUMMARIZED PRELIMINARY 2017 RESULTS

LUKOIL BOARD OF DIRECTORS SUMMARIZED PRELIMINARY 2017 RESULTS

January 15, 2018 No Comments

The LUKOIL Board of Directors held a meeting in Moscow to summarize the Company’s preliminary 2017 results and set priorities for 2018 under the new Strategic development program for 2018-2027. It was emphasized at the meeting that the Company accomplished major operational goals for 2017, delivered significant progress in the development of key projects and […]

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