Category: Company News

Chevron-led consortium, responsible for the Aphrodite gas field off the coast of Cyprus, is set to present a development plan shortly.  

Petronas International Corporation has initiated arbitration proceedings against South Sudan, reported Bloomberg.  

Equinor has announced plans to invest between Nkr60bn and Nkr70bn ($5.7bn to $6.7bn) annually in offshore operations in Norway until 2035.

Eni has secured approvals and licence extensions from Indonesian authorities, paving the way for the development of gas production.  

ONGC has opened a new well in its deep-sea project in the KG basin, aiming to enhance the production of crude oil and natural gas.  

OMV Norge, the Norwegian arm of Austrian oil and gas company OMV, has made a major gas discovery offshore Norway. 

Chevron Australia New Ventures has secured a greenhouse gas (GHG) assessment permit offshore Western Australia.  

Mexico’s state energy company Pemex has received approval from the country’s hydrocarbon regulator to increase investment in the Lakach deepwater field by over $400m, reported Reuters.  

Vår Energi, an oil and gas company in Norway, has announced a revised schedule for the commencement of the Balder X project in the North Sea.  

American energy major Chevron is planning to invest Rs83bn ($989m) in Karnataka, India, over the next five to six years.