Spectrum, in partnership with the National Petroleum Corporation of Namibia (NAMCOR), has commenced a new project in the Luderitz basin following the successful completion of an extended 2D Multi-Client seismic survey covering the deep water Orange Basin, offshore Namibia.
There significant risks for companies operating in the Middle East including terrorism, road accidents and civil unrest but by investing in local communities and employing local nationals companies can partially insulate themselves from such risks.
Like a phoenix from the ashes, the Gulf of Mexico is entering a new chapter in its oil and gas history. Gordon Cope reports.
Faroe Petroleum has reported a healthy profit for 2011, a significant improvement upon losses reported a year earlier.
Eni has announced a new discovery of 10 trillion ft3 of natural gas offshore Mozambique.
The American Petroleum Institute have announced a campaign on gasoline prices.
The American Petroleum Institute has said that more domestic oil and natural gas is needed for jobs and revenue.
Halliburton Co, and Petronas have teamed up to explore possible shale resources in the Asia Pacific region.
Abu Dhabi National Energy Co. (TAQA) has announced plans to boost Capex for 2012 to US$ 2 – 2.2 billion.
The Chinese giant CNOOC is one of the latest companies to show interest in oil and gas exploration offshore Cyprus.
KPC and Total have signed an MOU regarding their joint Zhanjiang project in China.
Odfjell Offshore plans to raise US$ 500 million for fleet development.
Anadarko Petroleum has announced that it has struck oil at its Caesar-Tonga development in the Gulf of Mexico.
Anadarko Petroleum has discovered gas reserves of between 90 million and 100 million ft3/d
The Brazilian state giant Petrobras confirms that it has struck oil at Nordest de Tupi.