Latest News
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23 May 17
Peru: China's CNPC to invest $2 billion in Block 58
China National Petroleum Corporation (CNPC) plans to invest $2 billion in an oil and natural gas block in southern Peru in coming years, Rafael Zoeger, the head of Peru's state energy agency Perupetro said. CNPC's Block 58 has some 3.9 trillion cubic feet of natural gas reserves, according to government data. -
23 May 17
Oman: CGG wins extension until 2021 for Oman dedicated center
CGG has announced the extension, until the end of 2021, of its contract with Petroleum Development Oman (PDO) for the provision of subsurface imaging technology and services at its dedicated processing center (DPC) in Muscat. -
23 May 17
Indonesia: AziPac signs agreement to take 100 per cent working interest in the Bone licence, offshore Indonesia
AziPac, the Seacrest Capital Group-backed E&P company focused on South East Asia, has signed an agreement with Mitra Energy, under which Mitra will withdraw and AziPac will acquire the remaining 60% interest in the Bone PSC. -
23 May 17
Mexico's oil regulator approves new Gulf area block for Pemex
Mexico's oil regulator on Tuesday approved the award of a promising new deep water block to state oil company Pemex, but conditioned the allotment on the firm developing the area with a partner that would eventually operate it. -
23 May 17
Japan: Total launches construction of the Miyako Solar Park
Total Solar, a 100% owned Total subsidiary dedicated to solar activities, has launched construction of its second solar power plant in Japan. The 25-megawatt-peak photovoltaic power plant in Miyako, in Iwate province, is expected to start up in 2018 and will provide clean and reliable electricity to over 8,000 households. -
23 May 17
Kenya: Africa Oil provides update on Kenya farmout transaction with Maersk
Africa Oil Corp reports that, further to the previously announced farmout agreement between Africa Oil and Maersk Oil & Gas, the companies have agreed to payment terms related to the US $75 million advance development carry. -
23 May 17
Andalas Energy and Power announces placing, lifting of suspension and operations update
Andalas Energy and Power, the AIM traded Indonesian focused energy company, has conditionally raised £600,000 via a placing. Discussions are currently ongoing with potential partners to co-develop and fund the roll-out of Andalas’ pipeline of projects, including the first IPP. -
23 May 17
Ukraine: Regal Petroleum announces MEX-109 well initial testing results
Regal Petroleum has announced the initial testing results of the MEX-109 well located at its Mekhediviska-Golotvshinska (MEX-GOL) gas and condensate field in Ukraine. -
23 May 17
US: Mosman Oil and Gas announces Arkoma Stacked Pay acquisition
AIM-listed Mosman Oil and Gas has executed a contract to acquire a 10% interest in the Arkoma Stacked Pay Project, located in Okfuskee County, Oklahoma, for a consideration of USD$500,000. -
23 May 17
UK: InfraStrata announces review of strategic options for its Islandmagee gas storage project
AIM-listed InfraStrata has announced that it is launching a review of the strategic options regarding its Islandmagee gas storage project. -
23 May 17
Brazil: Petrobras plans to sell Jurua gas field in the Solimoes Basin
Brazil's state-run oil company Petrobras on Monday announced plans to sell its Jurua natural gas field located in the Solimoes basin in the Amazon. -
23 May 17
Canada: TGS and PGS ramp up 3D activity offshore Eastern Canada
TGS and Petroleum Geo-Services ('PGS') have announced two new multi-client 3D seismic projects - East Flemish Pass 3D Phase II and Harbour Deep 3D - offshore Eastern Canada. -
23 May 17
Morocco: Sound Energy announces final Tendrara TE-8 results and revised estimates
Sound Energy has reported the final results of its third well at Tendrara in Eastern Morocco, TE-8. The well confirms the Paleozoic play with thick Westphalian sands which should be producible across the region.
