The new Chachiquin area, adjacent to Pemex’s Nobilis-Maximino Block, could produce 80,000 barrels per day of oil once it reaches peak output, according to the regulator's estimates.

DONG Energy agreed to sell its oil and gas business to petrochemicals firm Ineos for $1.3 billion, it said May 24, the latest in a string of North Sea deals.

BHP Billiton has hired Barclays to divest its U.S. Fayetteville shale gas assets as the miner seeks to fend off an attack by activist funds, two sources close to the matter said May 23.

Greece has made several fruitless attempts over the last 50 years to find big oil and gas reserves, but its debt crisis has prompted it to step up those efforts.

In 2015, the Miskar and Hasdrubal gas fields produced 30,000 barrels of oil equivalent per day, according to BG Group's annual report of the same year, Reuters said.

The latest offer includes 10 conventional blocks and five unconventional oil and gas blocks and all will be offered under a gross split production sharing contract scheme, Wiratmaja Puja, director general of oil and gas told reporters.

Cook Inlet Oil & Gas Lease Sale 244 will offer 224 blocks toward the northern part of the federal Cook Inlet Planning Area for leasing, BOEM said May 18. The blocks stretch roughly from Kalgin Island in the north to Augustine Island in the south.

Uganda has also been pursuing a tender for developing a $2.5 billion refinery to process part of the crude from its oil fields, Reuters reported.

Israel's Delek Drilling and Avner Oil, both units of conglomerate Delek Group, said May 17 they have completed a long-awaited merger and will begin trading next week as one company.

The minister did not say where the company would exercise its rights, but he said it would not do so in all of the areas up for auction in the presalt region.

Even while Ecopetrol booked a profit, production fell 3.3% in the first quarter. The decline was attributed to operational difficulties caused by National Liberation Army (ELN) attacks on the Cano Limon-Covenas Pipeline, Reuters reported.

Total and Mauritania have signed an E&P contract to perform exploration works on Block C7, which covers an area of 7,300 sq km (2,819 sq miles), the company said in a news release.

Pages