Uzbekistan to Attract Nearly $2B in O&G Investment Projects
Uzbekistan will attract $1.894 billion of direct investments to 34 investment projects in the oil and gas sector in the frame of government-approved investment program for 2012.
Archive for the ‘RigZone’
North Sea Oil Tax ‘Costing Jobs’
Tax increases in last year’s budget have resulted in the UK potentially losing billions of pounds worth of investment in North Sea oil and gas fields, a senior Tory MP has claimed.
Tanzania Govt Preps Economy for Major Discoveries
The government has started working on strategies to prepare Tanzania’s economy to accommodate huge investments in the natural gas sector in anticipation of major commercial discoveries in the next five years.
Uganda President: Tullow Asset Sale Deal Deadlocked
Tullow’s long-delayed deal to sell part of its assets in Uganda to Total and CNOOC is deadlocked due to a fresh row with the govt over stabilization clauses and the oil development plan.
Chevron: Funiwa Fire Burning at Diminished Rate
Chevron Corp. reported Friday that the fire burning at the Funiwa Deep 1A well offshore Nigeria has diminished.
Chevron 4Q Net Falls 3.2%
E&P earnings rose 18% to $5.74B on higher prices for crude oil, while the downstream segment swing to a loss of $61M, Chevron reported.
N. Sea Energy Eager to Advance Projects, Hires Senergy
North Sea Energy has hired Senergy to commence additional work on its Bobcat Prospect, Bass Prospect, Badger Prospect, Bluebird Discovery and Blackbird Prospects.
AWE Acquires Assets Offshore Indonesia
AWE has executed a Sale and Purchase Agreement with a subsidiary of Genting whereby a wholly owned subsidiary of AWE will acquire a 100% interest and operatorship of two PSCs offshore Indonesia.
Lucas Spuds Tx. Well
Lucas Energy, Inc. announced that the Company has spudded the Hagen Ranch Unit No.1HST well in Gonzales County, Texas.
Far East Energy All Smiles over ‘Highly Prospective’ Shouyang Block
Far East Energy announced positive test results from three more appraisal wells located at significant distances from the 1H Pilot Area in the Company’s Shouyang Block.
