Thailand’s Energy Minister Narongchai Akrasanee has announced the country will offer new licenses for oil and gas exploration for the first time since 2007. The auction will be hosted in February 2015 and will offer 29 onshore and offshore blocks. The Bangkok Post reports that Mr Narongchai said “Because of the very distorted prices, we […]

ENI announced it has discovered 300 million barrels of oil in place at the Ochigufu exploration prospect, in deep water offshore Angola. Commenting on this discovery, ENI’s CEO Claudio Descalzi said “This important discovery, which will be brought into production in record time, adds even more value to Block 15/06. Like the recent discoveries in […]

  Gazprom and Sovcomflot have named their new LNG carrier with the name of one of Russia’s oldest cities: Pskov. It is the second vessel of its series, ice class Atlanticmax, specifically designed for harsh conditions, in accordance with Gazprom’s requirements. Pskov and Velikly Novgorod represent a new type of LNG carriers of the “Gaz Ice” […]

  Last week, EU foreign ministers asked officials to present proposed sanctions against Russia. The restrictions regard Russia’s access to capital markets, defence, dual use goods and sensitive technologies, including in the energy sector. The EU’s sanctions aim at Gazprom’s South Stream gas pipeline project, and at Novatek’s Arctic Yamal liquefied natural gas (LNG) facility. […]

President Peña Nieto’s energy reform received final approval by Mexico’s Senate on Wednesday 6th August. This is an historic achievement for Mexico which now opens its energy market to international oil companies for the first time since the industry was nationalized 76 years ago (on March 18,1938). This is the end of Pemex’s monopoly and […]

David Jiménez, Partner, Corporate Finance and Infrastructure at KPMG in Mexico spoke at the Mexico Oil and Gas Briefing. Download his white paper and find out: General overview of the energy reform The role of PEMEX The basic contractual models to conduct E&P activities in Mexico How to participate in the tendering process The key […]

This weekend, Iran’s oil minister Bijan Namdar Zanganeh has announced the Islamic republic’s willingness to supply natural gas to Europe and help the continent diversify its energy supply away from Russian gas. Iran has the world’s second largest natural gas reserves, and this announcement is most welcome at a time when Europe’s energy security is […]

At the Iran Oil & Gas Briefing in London on the 25th of March Thorsten Ploss from EY Bahrain spoke about financing Iranian oil and gas as well as technology transfer and local content. During a break, we asked Mr Ploss for his thoughts on Iran’s oil and gas sector. What do EY see as […]

The project is aimed at developing LNG bunkering best practices collaboratively across the region The Baltic Ports Organization (BPO) has initiated a project aimed at building an LNG bunkering network across the Baltic Sea. Activities of this project group should include and harmonised planning and design of LNG bunkering facilities at the participating ports. The key regions […]

The first day of The World National Oil Companies Congress Americas hosted by Pemex in Cancun featured a workshop led by Lou Shrier, Professor of International Affairs at Columbia University. Mr Shrier gave an informative talk on how to create successful international petroleum joint ventures. Joint ventures (JVs) are business relationships that have become increasingly […]