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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
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
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.
22 May 17
Statoil to establish a digital centre of excellence
Statoil is establishing a digital centre of excellence and launching a roadmap with seven specific programmes for digitalisation in the company towards 2020. Digitalisation will help improve the safety, security and efficiency of Statoil operations.
21 May 17
US and Saudi firms sign tens of billions of dollars of deals as Trump visits
U.S. and Saudi Arabian companies signed business deals worth tens of billions of dollars on Saturday during a visit by U.S. President Donald Trump, as Riyadh seeks help to develop its economy beyond oil. National oil firm Saudi Aramco said it signed $50 billion of agreements with U.S. firms.
21 May 17
Norway: NPD awards framework agreements to eleven suppliers
To ensure sufficient capacity to be an even better champion for developing new fields and improving recovery from producing fields, the Norwegian Petroleum Directorate (NPD) has awarded framework agreements to eleven supplier firms representing various technology areas.



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