Field Development , Conventional

BW Offshore Open To Solutions Offshore Namibia

The operator of a long-stalled project remains optimistic and patient as the area attracts major players such as Exxon Mobil and Total.

May 14, 2019

Field Development , Conventional , Lease Sales

Uganda Launches Second Round Of Competitive Bidding For Oil Blocks

Uganda launched its first oil block auction in 2015, covering six exploration areas measuring 2,674 sq km.

May 9, 2019

Field Development , Conventional , Liquefied Natural Gas , Natural Gas , Acquisitions & Divestitures

China’s CNODC To Buy 10% In Novatek’s Arctic LNG 2

China National Oil and Gas Exploration and Development Co. (CNODC) has signed a binding agreement with Russia’s Novatek to buy a 10% stake in the Arctic LNG 2 project, Novatek said on April 25.

April 25, 2019


Israel Electric Agrees To Interim Natural Gas Deal With Leviathan Field

State-run Israel Electric Corp. (IEC) has chosen the Leviathan gas field off Israel's Mediterranean coast for a short-term natural gas supply deal, saying it would lower its costs by up to $175 million.

April 7, 2019

Conventional , International

Algeria Amends Hydrocarbon Law To Attract Foreign Investors

The first circulated draft of the much anticipated hydrocarbon law in Algeria, has shown that the government has loosen up the law in a move that aims to attract more foreign investors to the energy sector in Algeria. The question is, will it be passed amid contentious political transition?

March 21, 2019


ADNOC Awards Japan’s Inpex Corp. Onshore Exploration Concession

Abu Dhabi National Oil Co. (ADNOC) awarded Japan’s Inpex Corp. an onshore exploration concession in Abu Dhabi's competitive block bid round, ADNOC said in a statement on March 17.

March 17, 2019

Investment , Unconventional , Field Development , Conventional , Shale Plays , Lease Sales

Pakistan To Offer Gas Fields To Foreign Explorers, Investors

More than 30 onshore gas blocks have been identified and Pakistan's government plans to auction a large chunk of them in one or two licensing rounds by the end of 2019.

March 12, 2019

Public Capital , People , Earnings , Conventional

Ultra Petroleum Fills Out Executive Team With Brad Johnson As CEO

Rockies oil and gas producer Ultra Petroleum’s recruitment of a new senior management team follows an agreement with its largest shareholder to pursue value-maximizing strategies.

March 7, 2019

Investment , Field Development , Conventional , Joint Ventures

Pemex Partners To Invest $250 Million In Two Onshore Blocks In Mexico

Two JV partners of Mexico's state-run oil company Pemex will invest a combined $250 million in two projects over the next four years as they aim to quickly ramp up crude output.

March 6, 2019


Indonesia's Major New Gas Find May Delay Arrival Of Output Deficit

The discovery of a major new natural gas field in Indonesia may push back the day the country's gas consumption outpaces its production and reduce its reliance on imported liquefied natural gas (LNG), officials and analysts said on Feb. 20.

February 20, 2019