ConocoPhillips secures contract for shallow-water block
ConocoPhillips has secured the contract with 85 percent interest, while Petronas Carigali, the sole partner of Petronas on the offshore block, holds 15 percent...
Category : Oil & Gas
Mexico plans to revamp oil hedge
The country is expected to foil oil market swings including speculations from others in the marketplace...
Panoro signs $180 mn deal for Tullow Oil acquisition
It will acquire a 14.24 working interest in Equatorial Guinea’s Block G and a 10 percent working interest in Gabon’s Dussafu Marin permit...
Iraq in talks to build crude oil storage facilities in China
The recent developments are part of Iraq’s plan to boost oil sales in Asia...
Egypt set to launch new oil and gas exploration bid round
Nine exploration and production agreements were signed prior to the bid announcement...
China’s CNOOC to raise capex to 7-year high
This is attributed to a 5% increase in domestic output...
Petrobras continues divestment; sells Polo Urucu gas field
Eneva has established gas fields such as the Polo Gavioes which account for nearly 10 percent of Brazil's thermal power generation capacity...
Petrofac lands new 5-year North Sea contract with Ineos
It will build on its current operations and support services through the new deal...
Highs and lows in Kenya’s oil
It is reported that the National Oil Corporation of Kenya could lose the mandate of managing strategic petroleum reserves...
Rising Covid-19 cases worldwide to impact oil demand recovery
Crude prices have continued to rally in January after hitting $50 per barrel in 2020...