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  1. Eni successfully restarts oil exploration activities in Tunisia

    Eni has successfully resumed oil exploration activities onshore Tunisia in the Sahara desert, approximately 700 kilometers south of Tunis. Eni has just completed operations on the discovery well Laarich East-1 , located in the MLD (Makhrouga-Laarich-Debbech) license, where Eni owns a 50% stake and the Tunisian state company ETAP the remaining 50%. Laarich East-1, which is 5 kilometers away from the oil treatment center in the concession, has reached the final depth of 4,111 meters discovering hydrocarbons in sandstone layers of Silurian and Ordovician age. Production tests revealed a delivery capacity of approximately 2,000 barrels of oil per day, confirming the upside potential of the concession identified through the recent three-dimensional geophysical survey carried out on the permit. The Laarich East-1 well, whose drilling started in June, has already been connected to production. In the meantime, exploration activities in Tunisia are continuing with the drilling of additional prospects, which have been already identified on 3D Seismic.  The drilling of Laarich East-1 is part of Eni’s near field strategy, adopted to cope with the low oil price environment, and consisting in conducting exploration activities in the proximity of existing infrastructures with available spare capacity. In case of a discovery, this strategy allows for the optimization of development costs and competitive time to market for production start-up. Eni operates in Tunisia in exploration and production activities since the early 60s, when the giant oil field El Borma, which is still operating today, was discovered. Eni's equity production in the country is currently 11 thousand barrels of oil equivalent per day.

    Online Articles

    Online Articles

    Mon, 19 Sep 2016

  2. Jordanian firm agrees to buy Leviathan gas

    Partners in the Leviathan natural gas project offshore Israel have signed an agreement to supply as much as 45 billion cu m of gas to a Jordanian power company.

    Online Articles

    Online Articles

    Mon, 26 Sep 2016

  3. Dirok field development advances in India

    Hindustan Oil Exploration Co., Chennai, has advanced development of Dirok natural gas field in the Assam Arakan basin south of Digboi, India, by letting a $30 million contract to Expro for a modular gas processing plant.

    Online Articles

    Online Articles

    Wed, 21 Sep 2016

  4. GE Oil & Gas awarded contract by BP for third LNG train in Tangguh expansion

    GE Oil & Gas has been awarded a contract to supply gas turbine-driven compressors for a third LNG train for the Tangguh expansion having provided the original equipment for Trains 1 and 2 when the plant was first established.

    Online Articles

    Online Articles

    Wed, 14 Sep 2016

  1. Tangguh LNG partners let contract for third train

    Online Articles

    Online Articles

    Wed, 14 Sep 2016

  2. Noble-led partners agree on offshore Israel lease transfer

    Noble Energy, Avner Oil Exploration , and Delek Drilling have agreed to sell all rights in the I/16 Tanin and I/17 Karish leases offshore Israel to Ocean Energean Oil and Gas.

    Online Articles

    Online Articles

    Wed, 17 Aug 2016

  3. Israeli E&P duo consider merger

    Delek Group subsidiaries Avner Oil Exploration and Delek Drilling Ltd. Partnership are considering a merger.

    Online Articles

    Online Articles

    Wed, 10 Aug 2016

  4. Delek companies pitch for offshore Cyprus acreage

    Delek Group says its subsidiaries Avner Oil Exploration and Delek Drilling have submitted a bid for the latest offshore Cyprus licensing round.

    Online Articles

    Online Articles

    Mon, 25 Jul 2016

  5. Rockhopper, Beach finalize sale of E&P assets in Egypt

    UK-based Rockhopper Exploration PLC has reported the completion of its acquisition of Beach Petroleum (Egypt) Pty. Ltd., the Egyptian subsidiary of Beach Energy Ltd., Adelaide.

    Online Articles

    Online Articles

    Tue, 16 Aug 2016

  6. Energean to develop two fields off Israel

    Energean Oil & Gas, Athens, has committed to submit within 6 months a development plan for deepwater Karish and Tanin natural gas and condensate fields offshore Israel, 100% interests in which it agreed to acquire.

    Online Articles

    Online Articles

    Fri, 19 Aug 2016

  7. Oil prices hit highest point this year

    US crude oil prices continued their upward trend on April 27, breaking above $45/bbl for the first time since November, according to a report in the Wall Street Journal.

    Online Articles

    Online Articles

    Wed, 27 Apr 2016

  8. Nuclear Energy News: China's nuclear power ambitions sailing into troubled waters

    China's ambitions to become a pioneer in nuclear energy are sailing into troubled waters.

    Online Articles

    Online Articles

    Mon, 1 Aug 2016

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