Aminex triples gas resources in Tanzania
UK based upstream oil and gas company Aminex has nearly tripled its resource estimate for the Ruvuma Petroleum Sharing Agreement ("Ruvuma PSA") in Tanzania.
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ONS 2016 Opinion: Norway’s lessons for the UKCS
As the oil and gas community descends on Stavanger for this year’s Offshore Northern Seas (ONS) conference, those coming from UK could be forgiven for feeling a stab of jealousy at the comparative health of the industry in Norway. In 2014, Norway generated more than double the revenue the UK did during the same period. Indeed, official government statistics show that the UK has generated $470 billion in revenues whilst Norway has generated $1,197 billion since 1971 in real terms.
Opinion: What can we expect from today’s OPEC meeting?
The industry is waiting expectantly for the OPEC meeting in Vienna today, at what is proving to be an interesting time for oil and gas. Despite a modest increase in oil prices recently, there is continuing speculation about a production freeze and extra attention has also been fixed on Khalid al-Falih in his new role as Saudi Arabia’s oil minister. Mr al-Falih replaced the long serving Ali al-Naimi in early May and all eyes are on him to see how he performs and whether he continues his predecessor’s tough line towards Iran. Indeed, commentary on his presence at the summit has already begun, with analysts using his early arrival on Monday as an indication of his commitment to the half-yearly meeting this Thursday.