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  1. UKEF provides loan for offshore Ghana subsea systems

    Offshore staff LONDON – Britain’s export credit agency UK Export Finance (UKEF) will provide $400 million to support a GE Oil & Gas contract for the Offshore Cape Three Points (OCTP) project in Ghana . Total value of the contract, which will sustain jobs at GE sites in the Aberdeen and Bristol areas, is $850 million. GE is manufacturing subsea production systems to develop the OCTP oil and gas discoveries 60 km (37 mi) offshore western Ghana. Following start-up in 2018, the fields are expected to continuously supply gas to the country’s thermal power plants for more than 20 years.  This will reduce the country’s reliance on energy imports, at the same time sustaining Ghanaian industrial development. According to UKEF, it is the first time a European export credit agency has supported a financing structure of this kind, and it is also UKEF’s first direct loan for a project in Africa. 01/17/2017

    Online Articles

    Online Articles

    Tue, 17 Jan 2017

  2. PetroVietnam and ExxonMobil to develop Vietnamese gas project

    Vietnamese state-owned energy company PetroVietnam and US-based ExxonMobil have signed an agreement to develop Vietnam’s largest gas project for power generation.

    Online Articles

    Online Articles

    Mon, 16 Jan 2017

  3. Twenty-nine firms awarded stakes in Norway’s APA 2016 licensing round

    Twenty-nine companies have been awarded 56 new production licenses on the Norwegian continental shelf as part of Norway’s Awards in Predefined Areas (APA) 2016 licensing round. Thirty-three companies were eligible to apply for 148,014 sq km.

    Online Articles

    Online Articles

    Tue, 17 Jan 2017

  4. Oil and Gas News: New Statoil discovery near Norne

    One year after the license award Statoil has made an oil and gas discovery close to Norne estimated at between 20 and 80 million barrels.

    Online Articles

    Online Articles

    Wed, 18 Jan 2017

  1. Oil and Gas News: Genie Energy launches drilling services company in Israel

    Online Articles

    Online Articles

    Fri, 13 Jan 2017

  2. Kosmos prices secondary public offering of common shares

    Kosmos Energy has priced its previously announced underwritten public offering of 30,000,000 of its common shares, all of which were offered by funds affiliated with Warburg Pincus LLC and The Blackstone Group LP.

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  3. ExxonMobil announces new natural gas discovery onshore Papua New Guinea

    Exxon Mobil Corporation announced a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles northwest of the Hides Gas Field.

    Online Articles

    Online Articles

    Thu, 29 Dec 2016

  4. NRG Energy, JX Nippon complete world’s largest post-combustion carbon capture facility on-budget and on-schedule

    NRG Energy, Inc. and JX Nippon Oil & Gas Exploration Corporation have completed construction, on-budget and on-schedule, of Petra Nova, the world’s largest post-combustion carbon capture system.

    Online Articles

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    Wed, 11 Jan 2017

  5. Eco pushes for AIM listing to further offshore license ambitions

    Eco Atlantic Oil and Gas plans to seek admission of its shares to trading on the London-based Alternative Investment Market.

    Online Articles

    Online Articles

    Tue, 10 Jan 2017

  6. Oil and Gas News: BOEM Denies Atlantic Seismic G&G Permits

    The decision is based on a number of factors, including a diminished need for additional seismic survey information because the Atlantic Program Area has been removed from the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.

    Online Articles

    Online Articles

    Sat, 7 Jan 2017

  7. BOEM rejects Atlantic G&G permits amidst industry criticism

    The Bureau of Ocean Energy Management has denied six pending geophysical and geological permit applications to conduct airgun seismic surveys in the mid- and south planning areas of the Atlantic Ocean.

    Online Articles

    Online Articles

    Fri, 6 Jan 2017

  8. BOEM denies G&G permit applications for South and Mid-Atlantic OCS

    The US Bureau of Ocean Energy Management has denied six pending applications to conduct offshore oil and gas geological and geophysical (G&G) surveys on the US South and Mid-Atlantic Outer Continental Shelf. The Jan. 6 move came more than 4 years after BOEM set the stage for what would have been ...

    Online Articles

    Online Articles

    Fri, 6 Jan 2017

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