
ARA Petroleum Tanzania receives development licence for Ntorya gas field
The company has announced that the Ministry of Energy in Tanzania has granted a 25-year development licence over the Ntorya gas discovery area to the Ruvuma joint venture.
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The company has announced that the Ministry of Energy in Tanzania has granted a 25-year development licence over the Ntorya gas discovery area to the Ruvuma joint venture.

This study was undertaken on behalf of Union Jack and Reabold Resources plc, by GaffneyCline & Associates Limited, an international petroleum and energy consultancy.

The company and the Troll partners have decided to invest just over NOK 12 billion to further develop the gas infrastructure in the Troll West gas province.

The company has secured a major master services contract to support the decommissioning of nine orphaned wells in the Gulf of Mexico from Promethean Energy.

The company has completed a successful field trial of its new Microbubble Infusion Unit (MiFU) technology, achieving a near five-fold reduction in oil in water (OiW) levels in combination with a synergistic production chemical.

Guyana, situated on South America's northern coast neighbouring Venezuela, Suriname, and Brazil, has emerged as a significant contributor to growth in the global supply of crude oil.

The company’s analysis foresees this new combined operation focusing first on integration, but constantly looking for new inorganic growth opportunities in the country or even internationally.

The company worked in partnership with another contractor to mitigate the need for 4340 m3 of crude oil sludge to be tankered to incineration, achieve a significant cost saving and recover 1280 m3 of usable oil.

According to Wood Mackenzie, TotalEnergies and APA Corporation are close to sanctioning a cluster FPSO development on Block 58.

The Wyoming Gas Injection Initiative (WGII) is set to launch to enhance oil well productivity and recovery from existing fields and wells in Wyoming.

Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., subsidiary of Azule Energy Holdings Ltd. an incorporated joint venture between Eni and bp, for the development of the Ndungu Field as part of Agogo Integrated West Hub Project, located approximately 180 km off the coast of Angola. The value of the contract is around US$850 million.

Seadrill has announced that it has entered into a definitive agreement to sell three jack-up rigs—the West Castor, the West Telesto and the West Tucana, and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to Seadrill’s joint venture partner gulf drilling international for cash proceeds of US$338 million.