Pat Davis Szymczak

2 weeks ago | jpt.spe.org | Pat Davis Szymczak

Turkey has added another 75 Bcm to its tally of Black Sea gas reserves with the announcement of a new discovery at the Göktepe-3 well in 3500-m water depths. President Tayyip Erdogan announced the discovery at an event in Istanbul on 17 May, saying the new reserves could cover Turkey’s residential gas demand for 3.5 years while also advancing the country’s goal of becoming a regional energy export hub, Turkey’s state-run Anadolu Agency reported. State-owned Turkish Petroleum Corp.

3 weeks ago | jpt.spe.org | Pat Davis Szymczak

Calgary-basedStrathcona Resources Ltd. is selling its Montney unconventional assets for CAD 2.84 billion, according to a 14 May announcement in which Strathcona also reported closing on its acquisition of Alberta’s Hardisty Rail Terminal (HRT) where export pipelines to the US originate. Strathcona’s sale of Montney assets is split into three transactions and supports the company’s strategy to consolidate its core assets to focus on thermal oil and enhanced oil recovery operations.

3 weeks ago | jpt.spe.org | Pat Davis Szymczak

TotalEnergies and its partners in Oman have broken ground on construction of the $1.6 billion all-electric-powered Marsa LNG facility to be situated at the entrance to the Persian Gulf as the first marine LNG bunker hub in the Middle East.

3 weeks ago | jpt.spe.org | Pat Davis Szymczak

ExxonMobil plans to invest $1.5 billion to revitalize production at Nigeria’s Usan deepwater offshore oil field in the Niger Delta as it makes its first moves since the government approved the divestiture of the company’s onshore assets in October. Shane Harris, ExxonMobil’s managing director in Nigeria, outlined the plan in a meeting on 6 May with the chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Gbenga Komolafe.

1 month ago | jpt.spe.org | Pat Davis Szymczak

Egypt’s parliament has authorized the Ministry of Petroleum and Mineral Resources to finalize two contracts that expand the interests of Russia’s second-largest oil producer Lukoil in exploration and production in the Western Desert. The agreements approved on 30 April with Lukoil Overseas Egypt Ltd. strengthen Cairo’s strategic alliance with Moscow in energy markets, while growing Lukoil’s footprint in Africa.