Oman LNG Signs 3 Binding Term-sheet Agreements with Japan

(Oman LNG, 27.Dec.2022) — Oman LNG announced today the signing of binding sheet agreements with three (3) Japanese firms for the delivery of LNG, starting in 2025. ITOCHU Corporation, JERA Co., Inc. and Mitsui & Co, Ltd have become the latest beneficiaries of the Omani LNG for a total of […]

NOCs To Slash Exploration Budgets

(WoodMac, 20.May.2020) — National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie. The analysis is based on announcements and tracking well plans of 11 top spending NOC explorers, including three Chinese NOCs, PTTEP, PETRONAS, ONGC, Qatar Petroleum, […]

Repsol Makes Deepwater Oil Find In Mexican Waters

(Repsol, 4.May.2020) — Repsol has made two significant offshore oil discoveries in Mexico’s deep water with its Polok-1 and Chinwol-1 exploration wells in Block 29 in the Salina Basin. Both wells confirmed high quality reservoirs with excellent properties, encountering net oil pay of 200 meters and 150 meters respectively. Highlights: […]

PTTEP Says Two New Oil Discoveries Offshore Mexico

(Reuters, 4.May.2020) — Thai energy company PTT Exploration and Production Pcl said on Monday its joint venture had made two deep-water oil discoveries in the Salina Basin, offshore Mexico. The Mexican subsidiary of PTTEP, Thailand’s largest oil and gas producer, and three partners including the Mexican subsidiary of Spain’s Repsol […]