The oil and gas industry may have finally turned around from “always delivering upstream projects behind schedule and over budget.”
Italian oil firm Eni has signed a new concession agreement for exploration in the East Nile Delta Basin of the Mediterranean Sea offshore Egypt. The exploration license, named “Nour”, is located approximately 50 km offshore in the Eastern Mediterranean, in water depth ranging from 50 to 400 meters,
Italian oil company Eni has signed a new agreement with the Egyptian authorities for further exploitation and exploration fo the Great Nooros Area in the Mediterranean Sea.
Namibia-focused offshore explorer Azinam has farmed out a 30 percent share in its Petroleum exploration license (“PEL”) 44, offshore Namibia.
A containership operated by MSC loses a number of containers off Durban.
Malaysian oil company Petronas has entered Senegalese oil and gas market through a deal with Total to acquire a stake in the Rufisque Offshore Profond license.
Seismic specialist Polarcus has won a contract to carry out a 3D marine seismic acquisition project.
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Polarcus said it has received an award for a 3D marine seismic acquisition project in West Africa. The project duration is approximately three months and is expected to start in September 2018. Following this award, the Polarcus fleet is 100% booked for Q3 2018 and 85% booked for Q4 2018. The survey
The International Energy Agency has warned that the U.S. sanctions on Iran could cause a spike in oil prices later this year, thus affecting the oil demand growth. Oil demand might also be hit by trade tensions. In its report in for July released on Friday, IEA first said that previous concerns abou
The international offshore rig count for July 2018 increased both sequentially and year-over-year, according to a monthly report issued on Tuesday by Baker Hughes, a GE company.
