If successful, Exxon Mobil would operate the project, according to a statement by Rosneft, Russia’s largest oil producer, on its website.
Uncertainties about Croatia-Montenegro border affected the planning of blocks, a source told Reuters. Croatia’s Hydrocarbon Agency said a new onshore and offshore licensing round would be called in September.
Anadarko Petroleum Corp. has no interest in selling down its stake in planned LNG project in Mozambique, CEO Al Walker said, Reuters reported. Anadarko wants to operate the multibillion-dollar project.
OMV currently owns a 50% stake in Rosebank, one of the company's major exploration projects which is operated by U.S. oil major Chevron.
Following completion of the transaction, Total will hold a 60% operated interest in the Laggan, Tormore, Edradour and Glenlivet fields, alongside partners DONG E&P (U.K.) Ltd. (20%) and SSE E&P U.K. Ltd. (20%), the company said in a news release.
The farm-in will provide Vermilion participating interest in 19 onshore exploration licenses in northwest Germany, comprising about 850,000 net acres of oil and gas rights (100% undeveloped), the company said in a news release.
Block SC55 covers 9,880 sq km in southwest Palawan Basin in a proven oil and gas fairway. Maersk drillship will arrive at Hawkeye-1 well location at end of July.
Michael A. Creel, CEO of Enterprise’s general partner, said the proceeds enhance the company’s financial flexibility for Eagle Ford and Permian Basin projects. Including proceeds, current liquidity surpasses $6 billion.
Italian oil company Eni was awarded three licenses covering 23 blocks, while Shell received one license to explore 10 blocks, government data showed, Reuters said.
Commodity price uncertainty aside, issues raised after Mexico’s Round 1 Phase 1 can be addressed to move the country toward its goal of growing production and strengthening its economy.
China and Japan should start joint development of resources with the precondition that activities won’t violate laws of the two countries, China's foreign ministry said.
Italy’s Eni has asked advisers to look at options for the assets, which include interests in oil and natural-gas fields, people with knowledge of the private matter told Bloomberg.