Latest News

  • Australia
    Field Bauer
    28 Apr 2015 - Beach Energy saw 1Q15 revenue fall on the back of lower oil prices & a drop in production. It blamed drop in production on natural field decline, weather related delays to the upgrade commissioning and higher than planned downtime at the Moomba gas processing facility.
  • Nepal
    *Country Info *Oil & Gas Strategy
    28 Apr 2015 - Amid massive shortage of petro products including LPG in Nepal following a ravaging earthquake, Union Petroleum Minister of india said on 28 Apr 2015 that India will augment fuel supply to Nepal to meet its requirement.
  • Norway
    Permit Part Blocks 35/12 & 36/10 - PL 378
    28 Apr 2015 - NPD has granted Wintershall a drilling permit for well 35/12-5 S. It will be drilled from the Trancocean Arctic drilling facility.
  • Venezuela
    *Country Info *Oil & Gas Strategy
    27 Apr 2015 - PDVSA's revenue from oil and fuel sales dropped by roughly 7.6% to around $105.3B in 2014 from the previous year, hurt by a fall in crude prices.
  • Norway
    Lease Sales *Lease Sales
    27 Apr 2015 - Environmental groups are preparing legal action to prevent awards under 23rd licensing round after the government submitted to parliament its proposal for a shift of the Arctic ice boundary in the Barents Sea.
  • Namibia
    *Country Info *Regional Study
    27 Apr 2015 - Spectrum’s latest 2D Multi-Client offshore survey offers a unique perspective of the central Orange Basin by providing a full grid of coverage across the border between Namibia and South Africa. The 3500 km survey completes the second phase of a 6000 km seismic program linking key wells and discoveries on either side of the border.
  • Japan
    *Country Info *Oil & Gas Strategy
    27 Apr 2015 - Japan, which aims to boost self-sufficiency in o&g to 40% by the 2030 fiscal year, will raise the ratio to near 25% from 23.3% in 2013/14 with Inpex's latest deal fpr 5% participation in Abu Dhabi's new ADCO concession.
  • Egypt
    Offshore Unit ? (FLNG)
    27 Apr 2015 - Egypt is to receive 2nd FLNG terminal in Aug. According to a statement by a senior official at EGAS, a committee from the company was sent to study Adabiya Port. Plans to receive the floating terminal in Ain Sokhna have changed for security reasons. Unit will have more than 42 LNG shipments on an annual basis, of 140'000-170'000cf each.