Tunisia offers opportunities, frustrations
Tunisia holds opportunities for investors, but government processes and local unrest have slowed developments.
OMV
‘We don’t mind taking skin in the game’: Maersk Drilling on future deals in crisis-hit sector
The chief operating officer of Maersk Drilling thinks companies like his taking “skin in the game” will be the future of the sector, moving away from commercial deals that put most of the risk on operators.
Adnoc launches product trader
Adnoc has launched its second trading arm, focusing on refined products.
OMV hires Maersk Drilling rig for exploration well off Norway
OMV has booked Maersk Drilling's Integrator rig to drill its Ommadawn exploration well off Norway for $14.3 million.
Adnoc launches first trading unit
Adnoc has begun trading derivatives via its Adnoc Trading (AT) unit, marking a step for the NOC to become an increasingly sophisticated market player.
Sonatrach signs MoUs with OMV, Cepsa
Algeria’s Sonatrach has continued its habit of signing memorandums of understanding (MoUs), adding OMV and Cepsa to its list.
OMV fires up for Hades appraisal well off Norway
Westwood Global Energy reports thatthere were four exploration and one appraisal well programmes active as of July 1.
Sonatrach extends gas deal with Tunisia
Algeria’s Sonatrach has signed a deal with Societe Tunisienne de l'Electricite et du Gaz (STEG) extending gas supplies.
US says it has thwarted $6billion Russia-Germany Nord Stream 2 gas pipeline
President Donald Trump’s top energy official said he’s confident that Russia won’t be able to complete the Nord Stream 2 gas pipeline in the Baltic Sea -- and signalled that the U.S. will press forward with its opposition to the project.
Updated: Nawara starts in Tunisia
Production has officially begun from the Nawara field in Tunisia, the North African state’s Prime Minister Youssef Chahed said.
Siccar Point sale attracts bids of up to $2bn – report
Bids to buy North Sea producer Siccar Point Energy have come in at between $1.2bn and nearly $2bn, according to a news report.
Jadestone strikes $50m deal for New Zealand oilfields
Singapore-based Jadestone Energy has struck a deal to buy 69% of the Maari project offshore New Zealand from Austrian firm OMV for $50 million.
Waiting time in Tunisia
Tunisia has recently elected a new president, demonstrating the strength of its democratic institutions. The country’s hydrocarbons industry continues to struggle, though.
Cairn and Equinor spud Norwegian Sea exploration wells, Westwood reports
Westwood Global Energy reports that there were three active exploration wells and one active appraisal well at 22 August.
Equinor makes oil discovery at Sputnik
Equinor has made an oil discovery with the Sputnik exploration well in the Barents Sea.
Adnoc wraps up huge refinery deal with Eni, OMV
The Abu Dhabi National Oil Company (Adnoc) said today that it had completed one of the world's largest-ever refinery deals.
Equinor, OMV team up for offshore Norway projects
Equinor and Austrian oil firm OMV will work together on the Wisting development in the Barents Sea and the concept development for the Hades-Iris discovery in the Norwegian Sea.
Equinor submits new Gullfaks recovery plan for 17 million barrels
Norwegian energy giant has submitted a new plan to the Norwegian Petroleum Directorate (NPD) to improve recovery of 17 million barrels from the Gullfaks field.
Shell completes £450m New Zealand divestment
Oil giant Shell today announced that it had finished offloading shares in its New Zealand business to Austrian oil company OMV.
OMV in $1.5bn deal for Abu Dhabi oil fields
OMV will buy 20% of two offshore oil fields in Abu Dhabi, the Austrian firm said. It will pay $1.5billion for the stakes in Satah Al Razboot and Umm Lulu. OMV expects to sign on the dotted line with Abu Dhabi National Oil Company by the end of this month.
Faroe announces significant gas discoveries in Norwegian Sea
Aberdeen-based Faroe Petroleum has announced “significant” gas discoveries in the Norwegian Sea.
New Tendeka recruit to speed up PulseEight commercialisation
Tendeka has hired a new advanced completions director to help drive the commercialisation of its wireless intelligent completions technology, PulseEight.
Shell sells New Zealand portfolio to OMV for £415m
Shell has struck a deal to sell its portfolio in New Zealand to Austrian energy firm OMV for £415million.
OMV poised to clinch Abu Dhabi concesssion
Austrian oil producer OMV AG is poised to win a deal to produce oil from offshore fields in Abu Dhabi, according to people with knowledge of the situation.
OMV returns to black following North Sea sell off
Austrian oil firm OMV returned to the black last year after booking record production and lowering costs.