Archive for the ‘Reserves’ Category
Israel has launched its previously announced bid round to grant offshore exploration licenses for natural gas and oil in the Eastern Mediterranean. The round follows an earlier one that began 2 years ago and granted six licenses. Bids for the new …
Gasbol pipeline contract talks focus on pre-salt, regional integration
November 5th, 2018 by Latest News
Uncertainty regarding the volume of natural gas that can be commercialized from Brazil’s pre-salt has combined with other factors to complicate negotiations on renewing the 20-year contract between Bolivia and Brazil for supplies shipped through the Bo…
Exploration in Egypt, Ecuador, Russia, and Mongolia pushes boundaries
November 5th, 2018 by Latest News
Oil and gas companies are exploring in disparate parts of the world to add more reserves to fulfill growing world energy demand. Egypt intensified oil and gas exploration efforts in the Mediterranean and Red Sea while Ecuador recently opened more onsho…
Denbury Resources Inc., Plano, Tex., reported it would acquire and merge with Penn Virginia Corp. in a $1.7-billion deal that Denbury says would offer the combine short-cycle investment optionality and future enhanced oil recovery potential in the oil …
Asserting conclusions
November 5th, 2018 by Latest News
Climate activism discredits itself by relying on multiple variations of contorted logic. Its standard argument leapfrogs facts about present conditions, asserts worst-case conclusions, and proclaims the need for immediate remedies of intolerable cost.
Santos Ltd., Adelaide, has completed the acquisition of 1,337 km of seismic data in Amadeus basin permits EP82, EP112, and EP125 in the Northern Territory as part of Stage 2 of its farm-in to the acreage held by Central Petroleum Ltd., Brisbane.
Executives of Italy’s Eni SPA and Algeria’s Sonatrach signed an agreement that will see Eni take a 49% stake in three oil concessions in the onshore North Berkine basin in the Algerian desert. The agreement will cover three areas: Sif Fatima II, Zemlet…
Executives of Italy’s Eni SPA and Algeria’s Sonatrach signed an agreement that will see Eni take a 49% stake in three oil concessions in the onshore North Berkine basin in the Algerian desert. The agreement will cover three areas: Sif Fatima II, Zemlet…
Executives of Italy’s Eni SPA, France’ Total SA, and Algeria’s Sonatrach have signed two agreements that include an exclusive partnership for exploration offshore Algeria in a virtually unexplored geological province. Eni and Total also will pursu…
Executives of Italy’s Eni SPA, France’ Total SA, and Algeria’s Sonatrach have signed two agreements that include an exclusive partnership for exploration offshore Algeria in a virtually unexplored geological province. Eni and Total also will pursu…