Italian Saipem Has Signed a Contract with Azule Energy to Develop the Ndungu field offshore Angola
The contract value is $850 million. Italian energy company Saipem has awarded a contract to Azule Energy, a joint venture between Eni and BP, to develop the Ndungu field as part of the Agogo Integrated West Hub project offshore Angola. Saipem is one of the largest in the world, an …
ADNOC Will Buy 10% of Galp’s Shares in the Zone 4 Concession in Mozambique
Abu Dhabi’s national oil company ADNOC has agreed to acquire a 10% stake in Portugal’s Galp Energia’s Zone 4 concession in the gas-rich Rovuma Basin in Mozambique. The Zone 4 concession is located offshore Cabo Delgado Province in northern Mozambique and is managed by Mozambique Rovuma Venture (70%), owned by …
US Oil Production Remained at 13.1 Million Barrels Per Day
Oil production in the United States for the week ending May 17 remained at the previous week’s level of 13.1 million barrels per day, according to the weekly review of the Energy Information Administration of the country’s Ministry of Energy. On average, over the past four weeks, oil production in …
For the First Time in 30 Years. An Oil Field Was Discovered on the Shelf of the Democratic Republic of Congo
Muanda International Oil Company (MIOC, a subsidiary of the Anglo-French Perenco) has explored oil deposits on the continental shelf of the Democratic Republic of the Congo (DRC). This was reported by the Perenco press service. This is the first success in geological exploration on the shelf of an African country …
Westwood Energy Predicts Stagnation in the Drilling Market
Westwood Energy predicts a decline in global demand for onshore drilling rigs. On average, oilmen will use 4,413 rigs this year, which is 6% lower than the forecast made by experts at the end of last year. The drop is due to stagnant oil prices and high costs of servicing …
Uzbekistan Plans to Enter the Shah Deniz project in the Caspian Sea
Uzbekneftegaz plans to become a participant in the project to develop the Shah Deniz gas field in the Azerbaijani sector of the Caspian Sea, Minister of Investment, Industry and Trade of Uzbekistan Laziz Kudratov told reporters on Tuesday. “Uzbekneftegaz” and SOCAR (State Oil Company of Azerbaijan, SOCAR) may sign an …
Rosneft Commissioned a New Laboratory in the Orenburg Region
The Samara Scientific Institute of Rosneft opened a modern laboratory in the city of Buzuluk, Orenburg Region. The new division was created to control the quality of reagents used in the processes of drilling, production and oil preparation of one of the largest producing companies of the Company – Orenburgneft. …
It is Planned to Establish a Security Zone of 565 m Around Russia’s Largest Offshore Drilling Platform
Security zones are planned to be installed around the Orlan and Berkut platforms. The Russian Ministry of Transport has prepared an order to establish security zones around the Orlan and Berkut offshore stationary platforms. As follows from the text of the draft document published on the Federal portal for posting …
Gazprom Providing Reliable Supplies of Russian Gas to Uzbekistan
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Jurabek Mirzamakhmudov, Minister of Energy of the Republic of Uzbekistan, took place today. The parties noted that Gazprom provides the republic with reliable gas supplies, including during the periods of peak demand, via a dedicated route that uses the Central Asia – Center gas trunkline system. …
Iraq Wants to Reopen Mansuriya Gas Field
The Iraqi authorities have authorized the preparation of a deal on the previously mothballed Mansuriya gas field. The government announced this on May 4. Details of the preliminary contract participants: Midland Oil Company of the Ministry of Petroleum and a consortium consisting of the Chinese Jereh Group and Petro Iraq; …