UK-listed Pharos Energy is excited about its upcoming Vietnam activities with a 3D seismic shoot lined up over a high-potential exploration permit and a six-well production drilling programme set to start at its Te Giac Trang offshore oilfield.
Italy’s Eni has expanded its acreage position around a major gas discovery offshore Vietnam after acquiring a 100% interest in Block 115/09 from struggling Singapore company KrisEnergy.
Oil and gas producers will be subject to tougher liabilities and rules around decommissioning in Australia in an effort to prevent a repeat of the Northern Endeavour fiasco, which is expected to cost taxpayers over $190 million.
Eni has made a new light oil discovery in Block 15/06, offshore Angola, close to its existing infrastructure.
I spent a few weeks in the mid-70s blowing up glacial boulders on the Norwegian Statfjord field in preparation for the arrival of the Statfjord Alpha platform.
Libya has entered a “rare period of political stability” but it faces two major challenges, according to a recent Verisk Maplecroft report.
Italy’s Eni and China’s Zhejiang Energy will work together to pursue gas and liquefied natural gas (LNG) opportunities as part of a strategic switch towards cleaner fuels.
Eni has signed a number of agreements, including on relaunching exploration and development, with Algeria’s Sonatrach.
An Italian judge has approved a settlement with Eni over alleged corruption in Congo Brazzaville.
Eni and the University of Strathclyde are joining forces to help Scottish oil workers transition into renewables.
The Petrochemical & Refining Congress, co-hosted by Neste, celebrates its 5th Anniversary on 17-19th of May.
Italy’s Eni has started drilling a key shallow-water exploration well a short distance from its large Ken Bau discovery offshore Vietnam.
A Milan court has acquitted Shell and Eni, and their executives, of allegations of wrongdoing around Nigeria’s OPL 245 licence.
Shipping group North Star is to take on 130 new workers after landing a £270 million contract for the world’s largest offshore wind farm.
Eni has completed a deal settling differences over the Damietta LNG plant.
Italy’s Eni has sold its Pakistan business to Prime International Oil & Gas Company as part of a plan to streamline its upstream portfolio to focus on strategic assets.
Majors, such as BP, Total and Shell, as well as Asian national oil companies (NOCs), are stepping up their investments in India’s rapidly expanding gas and renewables markets.
Acteon’s UTEC will begin survey work in April on the Coral Sul floating LNG (FLNG) project, offshore Mozambique.
LNG deliveries to Ghana’s east can beat local supplies on price and resolve issues around unsatisfactory infrastructure, Pangaea Risk has said in a briefing note.
Algerian President Abdelmadjid Tebboune has carried out a reshuffle, appointing a new energy minister.
Eni intends to boost contracted LNG volumes to 14 million tonnes per year by 2024 and is in talks on entering Qatar Petroleum’s (QP) major expansion.
Eni reported strong results for the fourth quarter, with an adjusted operating profit of 802 million euros ($972.5mn) reported at its exploration and production unit.
SKK Migas, Indonesia’s upstream regulator, expects Eni to takeover Chevron’s giant Indonesia Deepwater Development (IDD) during the first quarter 2021. If the move comes to pass, expect other potential buyers, that could include Pertamina, Sinopec, Neptune Energy and Saka Energi, to be in the new IDD mix.
Upstream merger and acquisitions (M&A) deals are expected to rebound in Asia Pacific this year after plunging to their lowest level this century in 2020, when the pandemic and collapse in oil and gas prices killed activity.
This coming decade will be defined by three historic, global challenges: building a resilient recovery from the devastating Covid-19 pandemic; achieving the UN goal of universal access to energy for all populations; and charting an ambitious course - at COP26 and beyond - for tackling the threat we all face from the climate emergency.