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Results:1 - 10 of 982 Exploration and production,

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  • The deepwater oil discovery offshore Ghana by independent Springfield Group marks a milestone as the first deepwater oil discovery to be made by an African oil company. Not only that, estimated to hold as much as 1.2bn barrels of oil, with up to 35% recoverable according to Springfield., it could be...

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  • Total has announced first oil from the Iara licence in block BM-S-11A in the deepwater Santos Basin pre-salt.This marks the start-up of the FPSO P-68, the first of two floating production, storage and offloading units (FPSO) to be installed on the block. The second, the P-70, is expected to come ons...

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  • The Abu Dhabi National Oil Company (ADNOC) and Total are working together to deploy what they claim will be the world’s first automated seismic acquisition system in Abu Dhabi.The pilot project, performed with Total’s Multiphysics Exploration Technology Integrated System (METIS®), uses autonomous dr...

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  • The Abu Dhabi National Oil Company (ADNOC) is to invest $489mn to upgrade its giant Bab onshore field and sustain long-term output capacity at what is its first field producing Murban grade crude.ADNOC awarded the EPC (engineering, procurement and construction) contract to Archirodon Construction Ov...

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  • Côte d'Ivoire has released five blocks on the eastern side of the sedimentary basin under its latest offering to the oil and gas sector. Interest is being sought for three new blocks, CI-800, CI-801 and CI-802, along with existing blocks CI-102 and CI-503, which benefit from shallow waters, goo...

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  • Iranian President Hassan Rouhani is reported to have announced the discovery of a new oil field with reserves estimated at some 53bn barrels, adding to total Iranian reserves of 150bn barrels.Commenting on the news, Will Scargill, Managing Analyst, Oil and Gas at GlobalData, says: ‘Limits on investm...

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  • New guidelines promoting good practice in robust project delivery published by Oil & Gas UK (OGUK) aim to provide companies with a systematic framework for ensuring oil and gas projects are on time and within budget.Industry experts including operators, contractor companies and the Engineer...

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  • Equatorial Guinea’s Ministry of Mines and Hydrocarbons has approved a 70 km pipeline that will link the Alen Unit, operated by Noble Energy, and the petrochemical complex of Punta Europa within the framework of Equatorial Guinea’s gas monetisation project.The $90–100mn contract has been awarded to I...

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  • Equinor has signed an agreement to sell its 63% interest in, and operatorship of, its Eagle Ford asset onshore Texas, US, to the project’s joint venture partner Repsol for $325mn.‘This transaction supports Equinor’s strategy to optimise our onshore US portfolio, enhancing our financial flexibility a...

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  • Equinor (45%) and partners ExxonMobil (25%), Idemitsu (15%) and Neptune (15%) have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field on the Norwegian Continental Shelf (NCS). Recoverable resources are estimated at 38–100mn boe.‘We are making one of this year’s bigg...

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