Exploration & Production

Total divests remaining 15 per cent stake in Gina Krog field in Norway to KUFPEC

GinaFrance’s energy giant Total SA has signed an agreement with Kuwait Foreign Petroleum Exploration Company (KUFPEC) to divest its remaining 15 per cent interest in the Gina Krog field in Norway

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Saudi Aramco re-explores Empty Quarter with new seismic technology

EQUSaudi Aramco is using new technologies to re-explore some areas of the Arabian dessert Empty Quarter, seeking to expanding oil and gas reserves prior to its initial public offering (IPO) which is scheduled to take place in late 2018

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Egypt signs three oil and gas exploration deal with Shell and Apex

EgyptEgypt has signed three new oil and gas exploration deals, worth approximately US$81.4mn, with Royal Dutch Shell and the US-based Apex Oil Company, a move which is aiming to exploiting the oil and gas potential in several regions across the country

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Perenco takes half of Serept, Ashtart off Tunisia from OMV

PerencoAustria-based OMV has divested its 50 per cent stake in the offshore Ashtart oil field, located in the Gulf of Gabes in Tunisia, and another 50 per cent stake in the Tunisian oil and gas company Serept to the Anglo-French petroleum company Perenco

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DNO’s Tawke field stake rises in settlement with Kurdistan government

KurdistanThe Norwegian oil and gas operator DNO ASA has been assigned the 20 per cent interest in Kurdistan’s Tawke oil field as payments of receivables owed to the company for past crude oil deliveries

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