UGANDA this week formally launched its first competitive licensing round under the 2013 Petroleum (Exploration, Development & Production) policy, including both relinquished and previously unlicensed acreage within the Albertine Graben, 60% of which remains wholly unexplored, writes Barry Morgan.
Petrobras is using procedural technicalities to renegotiate rig deals and significantly cut the number of deep-water rigs in its fleet, as it looks to rationalise drilling costs in the midst of a huge corruption scandal, write Gareth Chetwynd and Fabio Palmigiani.
Most industry insiders accept that delivery of any of the Sete Brasil drilling rigs that survive the company’s current crisis will be significantly later than scheduled, due to the disruption caused by the Petrobras corruption scandal and the resulting credit crunch, writes Gareth Chetwynd.
The London-headquartered Business & Human Rights Resource Centre in November launched a foreign investment tracking project that reached out to 108 companies from various sectors, including 32 in the oil, gas and mining industries, writes Amanda Battersby.
The oil and gas industry has largely been unaffected by civil conflict in the country but insurgency is a worry, recently excacerbated by the introduction of a 90-day state of emergency in an area close to a key pipeline to China. The general election, set for later this year, will certainly be closely watched by operators
FRENCH major Total operates the producing Yadana gas field off Myanmar, has a 40% interest in PTTEP’s offshore Block M-11 and is awaiting signing of the production sharing contract to be agreed for deep-water Block YWB, writes Amanda Battersby.
THE option of building a new liquefied natural gas train at the Darwin LNG site in northern Australia is on the cards due to ongoing appraisal drilling success at ConocoPhillips’ Barossa field, writes Russell Searancke.
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