Spanish company Repsol’s imminent departure from operations in Cuba is, according to analysts, a potentially “irrecoverable” blow to the communist Caribbean island’s dreams of oil riches.
Spanish company Repsol has announced that it is to abandon operations offshore Cuba after a test well came up dry.
A group led by Kuwait Energy has won Block 9 in Iraq’s latest oil and gas bidding round. Tougher contracts could be scaring off investors.
Eni has made a significant oil discovery at the Emry Deep exploration prospect, located in the Meleiha Concession, in the Western Desert of Egypt, 290 km south west of Alexandria.
Royal Dutch Shell has revealed that it plans to call a halt on its oil exploration projects in the North African country of Libya. The company has blamed “disappointing results” which mean, “exploration cannot be economically justified.” BP has finally withdrawn its claims of force majeure, plans to enter talks with NOC.
Salamander has drilled a successful appraisal well to test the Tutung gas condensate discovery offshore Kalimantan, Indonesia.
Mikhail Fridman, CEO of TNK-BP has resigned for “personal reasons.”
As hundreds of dead dolphins and thousands of dead seabirds wash up on Peru’s coastline, official investigations claim “natural causes” whilst independents and environmentalist groups target the offshore oil and gas industry’s seismic operations.
San Leon Energy has been awarded the Praszka exploration concession in the Southern Permian/SW Carboniferous Basin by the Polish Ministry of Environment.
Apache Corp. has announced that it has found previously untapped reserves via an extension well, which is showing the highest production rates of any well drilled in the Beryl field since 2001.
Eni has announced that it has made a giant natural gas discovery offshore Mozambique.
The return of Vladimir Putin to the Kremlin has been heralded as something of a retrograde step in the development and liberalisation of Russia’s economy.
Coatings contractor Socotherm sees its participation in the offshore oil and gas industry expand after Valle Silencioso SA increases its stake.
Royal Dutch Shell and Chevron Corp. have won the right to develop the Ukrainian shale gas fields, Yuzivska and Olesska.
Concho has announced that it has agreed to a deal to purchase US$ 1 billion worth of Permian assets from Three Rivers Operating Company.