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Oil & Gas

Wintershall gets NPD nod for production start-up at Maria oil project Wintershall and its partners Petoro and Centrica have received a consent from the Norwegian Petroleum Directorate (NPD) for the start-up of production of the NOK12bn ($1.46bn) Maria oil project in the Norwegian Sea. Oil & Gas > Drilling & Production > News

Latest Oil & Gas News by Sector

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Drilling and Production

Global Petroleum extends exploration period for Namibia Project
Global Petroleum wholly owned subsidiary Jupiter Petroleum (Namibia) has agreed with the Namibian Ministry of Mines and Energy (MME) an extension to the first renewal exploration period (Phase 2) of 12 months to 3 December 2018 for Petroleum Exploration License 29 which covers Blocks 1910B and 2010A, in the Walvis Basin offshore Namibia.
Oil & Gas > Exploration & Development > News
PentaNova to raise stake in Llancanelo heavy oil field in Argentina
By EBR Staff Writer
Canada-based PentaNova Energy has agreed to buy an additional stake of 11% in the Llancanelo heavy oil field in Argentina from the country’s national oil company YPF.
Oil & Gas > Drilling & Production > News

Exploration & Development

Global Petroleum extends exploration period for Namibia Project
Global Petroleum wholly owned subsidiary Jupiter Petroleum (Namibia) has agreed with the Namibian Ministry of Mines and Energy (MME) an extension to the first renewal exploration period (Phase 2) of 12 months to 3 December 2018 for Petroleum Exploration License 29 which covers Blocks 1910B and 2010A, in the Walvis Basin offshore Namibia.
Oil & Gas > Exploration & Development > News
SDX Energy spud KSR-16 development well in Morocco
SDX Energy, the North Africa focused oil and gas company, announced the spud of its KSR-16 well in the Sebou permit in Morocco.
Oil & Gas > Exploration & Development > News

Refining & Petrochemicals

Sasol to abandon $15bn gas-to-liquids project in US
By EBR Staff Writer
South African firm Sasol has announced its plan to abandon its gas-to-liquids (GTL) greenfields projects including a $13bn-$15bn GTL facility in Louisiana, US, as part of its refined corporate strategy.
Oil & Gas > Refining & Petrochemicals > News
Gazprom approves investment program and budget for 2018
Gazprom Management Committee took note of the information about the company’s preliminary operating results for 2017 and the projected investment program and budget (financial plan) for 2019–2020.
Oil & Gas > Refining & Petrochemicals > News

Transportation & Storage

Suncor sells $395m worth stake in East Tank Farm
By EBR Staff Writer
Canada-based Suncor Energy has divested a stake of 49% in its East Tank Farm Development, an oilsands storage terminal in Alberta province to Fort McKay First Nation (FMFN) and Mikisew Cree First Nation (MCFN) for a sum of C$503m ($395.3m).
Oil & Gas > Transportation & Storage > News
Gazprom approves investment program and budget for 2018
Gazprom Management Committee took note of the information about the company’s preliminary operating results for 2017 and the projected investment program and budget (financial plan) for 2019–2020.
Oil & Gas > Refining & Petrochemicals > News