The Middle East and North Africa (MENA) region will see a number of critical energy projects pushed through over the next 5 years despite uncertainties that cloud the investment outlook, according to APICORP Energy Research. Source: News
US Tenth District energy activity accelerated in 3Q
The Federal Reserve Bank of Kansas City’s third-quarter energy survey revealed accelerated growth in energy activity in the Tenth District, while expectations for future activity remained high. Source: News
Eni signs agreement for stake in North Berkine basin concessions
Executives of Italy’s Eni SPA and Algeria’s Sonatrach signed an agreement that will see Eni take a 49% stake in three oil concessions in the onshore North Berkine basin in the Algerian desert. The agreement will cover three areas: Sif Fatima II, Zemlet El Arbi, and Ourhoud II. Sonatrach will retain a 51% stake. Source: […]
Eni, Total partner with Sonatrach for exploration off Algeria
Executives of Italy’s Eni SPA, France’ Total SA, and Algeria’s Sonatrach have signed two agreements that include an exclusive partnership for exploration offshore Algeria in a virtually unexplored geological province. Eni and Total also will pursue obtaining exploration permits that will allow for the completion of the hydrocarbon potential assessment, the companies said. Source: News
Concerns rise over US trade, steel tariff policies
Concerns over the Trump administration’s trade and tariff policies are rising as now months-old regulations involving steel are expected to have continued inflation pressure on oil and gas companies. Source: News
Helping ethanol again
Nothing helps fuel ethanol more than an imminent political contest. Fuel ethanol feeds on political contests. Source: News
Acronym ≠ abbreviation
Knowing their fret affects little, old editors gripe about lapses of diction anyway. They cannot help it. When language falls victim to the unknowing, careless, or lazy, they react. Although the reaction does little good, griping about trifles can be fun. Source: News
Equinor considers tie-in following Skruis oil discovery
Equinor ASA and its partners are considering a tie-in of the Skruis (7220/5-3) exploration well drilled in production license 532 in the Barents Sea to Johan Castberg oil field following confirmation of 12-25 million bbl of recoverable oil. Source: News
Denbury to acquire Penn Virginia in $1.7-billion deal
Denbury Resources reported it would acquire and merge with Penn Virginia in a $1.7-billion deal that Denbury says would offer the combine short-cycle investment optionality and future enhanced oil recovery potential in the oil window of the Eagle Ford shale. The combine would hold an industry-leading oil weighting with 94% liquids production and 90% oil […]
New Zealand Oil & Gas farms into Ironbark prospect
New Zealand Oil & Gas Ltd. (NZOG), Wellington, reached a conditional agreement to farm into the Western Australian North West Shelf permit WA-359-P that contains the large, undrilled Ironbark prospect. The permit is held by Cue Energy Resources Ltd., which is a 50.01%-owned subsidiary of NZOG. Source: News