Tag Archive

Oil And Gas Accumulators Market Will Witness Substantial Growth

September 18, 2018 No Comments

Accumulator is a device used for storage of potential energy under high pressure through an external source, which could be a gas, spring, fluid, or piston. Accumulators are divided mainly into three types – weight-loaded or gravity accumulator, spring-loaded accumulator, and gas-loaded accumulator. Oil and gas accumulators are used for various purposes such as noise […]

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Matador Resources Company Announces Acreage Acquisitions

Matador Resources Company Announces Acreage Acquisitions

September 13, 2018 No Comments

Matador Resources Company (NYSE: MTDR) announced today the successful acquisition of 8,400 gross (8,400 net) acres for approximately $387 million, or a weighted average cost of approximately $46,000 per net acre, in Lea and Eddy Counties, New Mexico in the Bureau of Land Management (“BLM”) New Mexico Oil and Gas Lease Sale on September 5 […]

Sapura Energy in three farm-in deals

Sapura Energy in three farm-in deals

September 12, 2018 No Comments

Sapura Energy Bhd, via its wholly-owned subsidiary Sapura Upstream Sdn Bhd, has signed three farm-in agreements for offshore exploration permits held by private Australian oil and gas company, Finder Exploration Pty Ltd. Under the agreements, Sapura Upstream will acquire a 70% interest in the three exploration permits, and assume operatorship of the exploration, Sapura Energy […]

ENERGY NEWSTRACK TO 06/09/18:

ENERGY NEWSTRACK TO 06/09/18:

September 6, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $75.18 a barrel on Wednesday, 5 September 2018, compared with $76.32 the previous day, according to OPEC Secretariat calculation. Includes: 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 […]

CNOC Guarantees Funding for NNPC’s AKK Project

CNOC Guarantees Funding for NNPC’s AKK Project

September 4, 2018 No Comments

China National Petroleum Corporation (CNPC) has assured the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, of its unflinching commitment towards securing funding for the successful financing and subsequent execution of the Ajaokuta-Kaduna-Kano (AKK) pipeline project. The huge boost for the project was revealed during a high-level meeting between the […]

Spirit Energy Farm-in to Greater Warwick Area Licences

Spirit Energy Farm-in to Greater Warwick Area Licences

September 3, 2018 No Comments

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announced that Spirit Energy Limited (“Spirit Energy”) has farmed-in to 50% of Hurricane’s Lincoln (P.1368 South) and Warwick (P.2294) licences, together covering the Greater Warwick Area (“GWA”) (the “GWA Farm-in”). The GWA Farm-in opens up a […]

Sankofa gas deliveries to Ghana’s power producers

Sankofa gas deliveries to Ghana’s power producers

September 1, 2018 No Comments

Offshore Cape Three Points (OCTP) has started delivery of gas from the Sankofa field to GNPC, marking the beginning of stable supplies of cost effective and environmentally friendly, domestic fuel for Ghana’s power sector. In addition, Ghana will benefit significantly from GNPC’s carried and participating interest in the project, Ghana’s royalty share of oil and […]

Eni acquires 124 exploration leases onshore Alaska

Eni acquires 124 exploration leases onshore Alaska

August 30, 2018 No Comments

Eni announced the acquisition of 124 exploration leases (for a total of approximately 350,000 acres) onshore in the Eastern North Slope of Alaska from Caelus Alaska Exploration Company, LLC. Eni will hold all the leases with a 100% working interest. The “Eastern Exploration Area” (EEA) is located to the South-East of the giant Prudhoe Bay […]

DEA to invest over two billion Euros in Norwegian oil and gas business

DEA to invest over two billion Euros in Norwegian oil and gas business

August 28, 2018 No Comments

Norway is already the strongest production country in DEA’s global portfolio. Further growth projects are planned to come on stream from 2020 on. Most important project is the development of the own operated Dvalin gas field. DEA aims to double its current production on the Norwegian Continental Shelf (NCS). “As part of our long-term growth […]

ENERGY NEWSTRACK TO 23/08/18:

ENERGY NEWSTRACK TO 23/08/18:

August 23, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $71.75 a barrel on Wednesday, 22 August 2018, compared with $71.01 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 […]

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