Lukoil plans additional seismic surveys over Eridu oil field on Block 10 in Iraq and over southern and central parts of the block not yet surveyed. It signed contracts with state-owned Oil Exploration Co. to acquire 983 sq km of 3D data at Eridu field and 3,500 line-km of 2D data elsewhere on the block.
While the North American Free Trade Agreement could be revised to improve energy trade among Canada, Mexico, and the US, scrapping or weakening it would jeopardize progress that already has been made, four witnesses told a US House Energy and Commerce subcommittee on Dec. 13.
A federal council formed to improve environmental application reviews for major projects is making progress, its acting executive director told a Senate Energy and Natural Resources Committee hearing on Dec. 12.
The Chinese government plans to offer five oil and gas exploration licenses in the Tarim basin to nonstate operators, according to China Daily. The offering will be the third in the Xinjiang Uygur autonomous region under a program opening exploration and production to private companies.
Oil prices rose modestly on the New York market Dec. 14, which analysts attributed to a pipeline outage in the North Sea, noting that price gains appear to be capped by recent production forecasts. The time frame for a restart of the Forties Pipeline System remains uncertain. The system was shut for repairs after a […]
Global recovery of upstream spending remains intact, albeit at a measured pace that isn’t likely to materially tighten many global oil field service and equipment markets, according to the 33rd annual Barclays E&P Spending Survey.
Energean Oil & Gas and its subsidiaries have increased to 13 the total number of licenses held in the East Mediterranean. The Israeli Petroleum Commissioner has awarded the operator Blocks 12, 21, 22, 23, and 31 offshore Israel, which were published in the country’s first round.
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