Tag Archive

Petronas announce new gas discoveries in Malaysia, Indonesia and Australia

November 12, 2013 No Comments

PETRONAS is pleased to announce new gas discoveries in three of its upstream ventures in Malaysia, Indonesia and Australia. The first discovery is via the Pegaga-1 well in Block SK320, offshore Sarawak, which is operated by Mubadala Petroleum through a Malaysian affiliate. PETRONAS Carigali Sdn Bhd, a subsidiary of PETRONAS, has a 25 per cent […]

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Sterling Energy announce additional farmin to Odewayne Block (Republic of Somaliland)

November 8, 2013 No Comments

On 6 November 2013, Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company (AIM: SEY), announced that its wholly owned subsidiary, Sterling Energy (East Africa) Limited (“Sterling”), had completed a farmin for a 10% participating interest in the Production Sharing Contract for the Odewayne Block (the “PSC”), located onshore in […]

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Marathon Oil Corporation Reports Third Quarter 2013 Results

November 5, 2013 No Comments

Marathon Oil Corporation (NYSE:MRO) today reported third quarter 2013 net income of $569 million, or $0.80 per diluted share, compared to net income in the second quarter of 2013 of $426 million, or $0.60 per diluted share. For the third quarter of 2013, adjusted net income was $617 million, or $0.87 per diluted share, compared […]

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Eni CEOmeets with Iraqi Prime Minister Nuri Al-Maliki

September 2, 2013 No Comments

Iraqi Prime Minister Nuri Al-Maliki and Eni’s CEO Paolo Scaroni met today in Baghdad to discuss Eni’s activities in the country. During the meeting, Mr Scaroni along with Claudio Descalzi, COO of Eni E&P, updated the Prime Minister on the development activities at the Zubair oil field and discussed the contractual and operative requirements needed […]

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Sasol and Technip form a front-end engineering alliance for GTL facilities

August 21, 2013 No Comments

Technip and Sasol, the owner of the world’s leading gas-to-liquids* (GTL) technology, announce that they have established an alliance for front-end engineering services for future Sasol GTL projects. Furthermore, it also allows for Technip’s participation during the execution stage of future GTL projects. This alliance, which builds on existing relationships, aims to achieve industry leading […]

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IMF Executive Board Concludes 2013 Article IV Consultation with Turkmenistan

August 7, 2013 No Comments

On July 30, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Turkmenistan and considered and endorsed the staff appraisal on a lapse of time basis. With Turkmenistan commanding the world’s fourth largest proven reserves of natural gas, large hydrocarbon exports have produced strong economic growth over the […]

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Versalis signs technological partnership for hydrocarbon resins to overhaul the Priolo plant

August 5, 2013 No Comments

These new, high added-value productions, synergetic in particular with the elastomer business, will be used in specialty applications such as adhesives, inks, coatings and rubber. Versalis (Eni) has signed a strategic partnership agreement with Neville Venture for the production of hydrocarbon resins at the versalis Priolo plant and entered into a licence agreement related to […]

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Oil discovery offshore Nigeria on the OPL 310

June 30, 2013 No Comments

Lekoil announced that the high impact Ogo-1 well located on the OPL 310 licence offshore Nigeria has discovered a significant light oil accumulation, based on the results of drilling and wireline logs. The Ogo-1 well is being drilled by Afren Plc (“Afren”), as technical partner, under a farmout to Lekoil of OPL310, offshore Nigeria (“OPL310”), […]

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Recoverable Shale Oil and Shale Gas Resources

June 20, 2013 No Comments

EIA estimates global technically recoverable shale oil resources of 345 billion barrels In the recently released report on Technically Recoverable Shale Oil and Shale Gas Resources, covering 42 countries, including the United States, EIA estimates that there are 345 billion barrels of technically recoverable shale oil resources in the covered formations. The assessed resources represent […]

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Turkey, Algeria agree to boost strategic cooperation

June 11, 2013 No Comments

urkey and Algeria agreed Wednesday to boost their strategic cooperation in all fields as Turkish Prime Minister Recep Tayyip Erdogan concluded his two-day visit to the North African nation. An agreement to extend Algeria’s natural gas export to Turkey for another 10 years was sealed when Erdogan visited the hydrocarbon area of Arzew, near Algeria’s […]

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