Reduced oil and gas production to hurt E&P companies’ exploration plans

LAHORE: Country’s oil and gas production for the second half of FY20 is expected to decline significantly due to COVID-19 pushed lockdown, which might result in slashed exploration spending, analysts say. Managing Director KASB Securities Arsalan Soomro said reduced production would impact E&P companies in a double whammy; declining prices… Continue reading

Government collects Rs205bn revenue on oil and gas products despite production/import decline

ISLAMABAD: The government is estimated to have collected almost 43.7 per cent higher revenue on key oil and gas products during the first half of this fiscal year than the same period last year despite over 10pc drop in domestic production and 20pc fall in imports, Dawn reported. Data released… Continue reading

Zenith appoints Aleba as Advisor for Development in Africa

LONDON: Zenith Energy Ltd. has engaged Mr. Bienvenu Briss Aleba as an advisor in view of its planned future activities in the Republic of the Congo.  Zenith Energy Ltd. is an international oil and gas production company. Mr. Aleba, a citizen of the Republic of the Congo, has worked at… Continue reading

Fremont to expand Pathfinder oil & gas field by 21% with 5,990 acres acquisition

SYDNEY: Fremont Petroleum Corporation has agreed to acquire a highly prospective oil & gas field covering 5,990 acres that is contiguous to its existing Pathfinder Property in Fremont County, Colorado. This value accretive acquisition expands the Pathfinder Oil & Gas Field by 21% to 25,995 acres. At this surface size,… Continue reading

i3 Energy awards equipment and service contracts to Baker Hughes, a GE Company

LONDON: i3 Energy plc, an independent oil and gas company with assets and operations in the UK, has awarded Baker Hughes, a GE company (BHGE), contracts for its 2019 summer drilling programme on its Liberator and Serenity assets and its 2020 Phase I development of Liberator. BHGE’s scope will include… Continue reading

Energean signs agreement with INGL for the transfer of near shore and onshore infrastructure

LONDON: Energean Oil and Gas plc has signed a Detailed Agreement with Israel Natural Gas Lines (INGL) for the transfer of title of the near shore and onshore part of the infrastructure that will deliver gas from the Karish and Tanin FPSO into the Israeli national gas transmission grid. An… Continue reading

Seapulse announces three UK offshore exploration wells as part of planned two-year drilling programme

HAMILTON, BERMUDA: Seapulse Limited, the global oil and gas explorer, is pleased to announce it has signed farm-in agreements for two UK Continental Shelf licences with Azinor Catalyst Limited.[the_ad id=”31605″] These wells are in the initial portfolio of 12 planned high-impact exploration wells announced by Seapulse in December 2018, testing… Continue reading

Dr. Bill Higgs appointed CEO of Genel Energy

LONDON: Genel Energy plc has announced the appointment of Dr. Bill Higgs as Chief Executive Officer, and as a member of the Board of Directors, with immediate effect. Esa Ikaheimonen, Chief Financial Officer, has also been appointed to the Board. Dr. Higgs joined Genel as Chief Operating Officer in October 2017, and has since led on the delivery and expansion… Continue reading

Pakistan reappoints BoD of all public sector enterprises

KARACHI: Goverment of Pakistan has re-appointed Board of Directors of all public sector companies under Ministry of Petroleum, Ghulam Sarwar Khan, Federal Minister for Petroleum, said on Wednesday at a high level meeting at Petroleum Division. Federal Cabinet, Tuesday, approved the appointment of the country’s public sector companies working under… Continue reading