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When contacted, Dr Asim Hussain confirmed the development that the prime minister had agreed to extend the rights to the Sindh government, from signing Petroleum Concession Agreements for exploration of oil and gas to selling products to the national grid. The prime minister has asked Dr Asim Hussain, former adviser to PM on petroleum and natural resources, to come up with a doable policy, particularly to explore new gases, a senior official sai. In a new development, the prime minister may give his consent to extend the rights to the Sindh province from signing the PCA (Petroleum Concession Agreements) to exploring conventional oil and gas, including new oil and gases, shale, marginal and tight gases, shale oil and its sale to the national grid. [Extracted from the article]

The Philippines is seeking to explore other areas within the country that may contain oil and gas reserves, as talks with China on joint resource development in the South China Sea have stalled due to tensions between the two nations. The Philippines cannot solely rely on the resources in the disputed Reed Bank, so they are looking at the Sulu Sea area as a new exploration hotspot. Israeli company Ratio Petroleum Energy LP is planning to collect 3D seismic data in the Sulu Sea next month, as part of the initial work before drilling. The Philippines is actively pursuing other energy sources as its key Malampaya gas field nears depletion. [Extracted from the article]

The National Oil Spills Detection and Response Agency (NOSDRA) has attributed the recent oil spills in the Obolo-Ebubu community in Eleme to sabotage. The spills occurred on a pipeline operated by the Shell Petroleum Development Company of Nigeria Limited. The pipeline, which feeds the Trans Niger line, had recently resumed operations after maintenance. NOSDRA confirmed the spill and conducted a joint investigation with the operator, host community, and officials from the Rivers State Ministry of Environment. Shell has faced legal battles over oil spills in the Niger Delta, and recently announced the sale of its Nigerian onshore oil and gas operations to Renaissance. [Extracted from the article]

Nigeria's Oranto Petroleum, owned by billionaire businessman Mr Arthur Eze, has been granted a two-year extension on its exploration licenses in Uganda. The licenses were originally granted in 2017 for the Ngassa Deep and Ngassa Shallow contract areas. The extension allows Oranto to drill an exploration well and an appraisal well, potentially increasing Uganda's oil volumes. Oranto and its sister company Atlas Petroleum are Africa's largest privately-held exploration and production group. [Extracted from the article]

The article focuses on how the U.S. fairs in the competition among superpower countries for the control of the Arctic. Topics discussed include the increasing warming rate in the region and the launching of various energy projects supported by various governments. The attempts made by U.S. energy companies in oil extraction and contention with environmental conservation groups are then mentioned.

Big Tech companies like Microsoft and Amazon are helping Big Oil companies increase their oil and gas production, despite their own pledges to cut emissions and promote sustainability. Microsoft is assisting Exxon Mobil in analyzing oil field data, while Amazon is helping drillers run simulations to maximize oil extraction. Both companies argue that their contracts with the oil industry are part of their efforts to transition to cleaner energy sources. However, critics argue that these partnerships are prolonging the fossil fuel age and undermining the companies' green credentials. While Google has stopped selling machine learning tools for oil exploration, Amazon and Microsoft are expected to deepen their relationship with the industry. [Extracted from the article]

The article discusses the impact of low oil prices on the state of the international oil companies (IOCs) operating in Africa. Topics discussed include financial aspects of oil exploration by IOCs in Africa, how countries like Senegal and Uganda are facing up to these challenges, and cost cutting methods for IOCs.

The article discusses the exploration and development activities that are being undertaken by oil companies in the Newfoundland and Labrador provinces of Eastern Canada. Exploration activities cited include Nalcor Energy's efforts to document the data on oil prospects, and entry of new operators. Development activities discussed include maintenance of existing oilfields, and activities on the newly discovered West White Rose offshore oilfield being developed by Husky Energy.

The article discusses how Total E&P Norge, the Norwegian exploration and production company adopted an innovative fluid strategy in 2017 to tackle challenging issues in drilling and completions emanating at Norway's Martin Linge gas reservoir. It notes that low-solids cesium/potassium formate fluid was chosen over non-aqueous based mud (NABM) for its attributes and elaborates on the steps involved including reassessment of fluid strategy, formate fluid results and cites affirmative conclusions.

The article discusses the new strategies being planned by oil and gas exploration companies. It states that deepwater exploration is considered as the most significant high-risk high-cost strategy in terms of capital and technology the international industry has developed in recent decades. It mentions that deepwater oil production is nearly 6.2 million barrels per day mostly from Brazil, the U.S. gulf, Angola, and Nigeria.

ExxonMobil is to divest its 12.5% stake in Russian oil field Sakhalin I in response to Russia's ongoing invasion of Ukraine. ExxonMobil acts as operator of Sakhalin I on behalf of a multinational consortium, which comprises: ExxonMobil - 12.5% government of Japan - 12.5% Inpex - 12.5% Itochu Corp - 12.5% Japan Petroleum Exploration Company - 12.5% Marubeni - 12.5% Oil and Natural Gas Corporation - 12.5% Rosneft - 12.5% Steps have already been taken by ExxonMobil to cease operations at the oil field, which is on Sakhalin Island. [Extracted from the article]

The article presents information on the petroleum potential of the onshore Kavango Basin in the Kalahari Desert of north-eastern Namibia. Topics discussed include the hydrocarbon reservoirs being targeted by Canadian explorer ReconAfrica, the five potential conventional reservoir zones identified in a petrophysical study in the basin, and the approval granted by Namibia's Ministry of Mines and Energy to ReconAfrica and its joint venture partner NAMCOR for their exploration license.

The article looks at petroleum prospecting in the North Sea region as of November 15, 1973. Topics include Great Britain's dependency on Arabian oil exports, oil reserves in the North Sea, and the costs of petroleum production in the area. Other topics include the policy of the British government with regard to concessions to petroleum companies in the North Sea.

The article discusses geomagnetic fields and geomagnetic field reversals. Topics discussed include observing the weakening of the magnetic field which is done by magnetic observatories from the Intermagnet network disseminated throughout the world, including 10 in Canada, and petroleum companies which measure the geomagnetic field when prospecting.

The article focuses on the use of accelerators by oil companies for data processing and speeding up simulations. Guy Gueritz of Bull states that oil firms are shifting to use specific imaging methods which has triggered changes in the high performance computing (HPC) architecture. It says that the major use of HPC in terms of exploration is the location of the best drilling position. Oliver Pell of Maxeler Technologies states that the main issue in HPC is data movement.

The article offers news briefs involving the oil and gas exploration industry. India reforms its licensing laws for oil and gas companies involved in exploration and production in the country. Michael K. McFadyen will head the exploration operations of Murphy Oil Corp. Kosmos Energy Ltd. names Tracey Henderson as its chief exploration officer.

The article discusses the growing interests from petroleum companies, including Standard Oil Co., Oasis Oil Co. and British Petroleum, to explore oil in Libya as of July 1, 1959. Topics covered include the drilling activity of Standard Oil Co. crew in June 1959, the exploration efforts by oil companies in the Algerian Sahara, and the potentially attractive features about Jersey's new wells.

The article discusses several temporary power solutions that oil and gas companies when facing water management problems. Topics covered include the description of unconventional gas and oil field exploration practices in the U.S. as well as the increasing need for water resource to back hydraulic fracturing in oil and gas facilities. Also mentioned are the power challenges and constraints faced by the establishments.

Nigerian oil and gas exploration and production company Seplat Petroleum entered the international bond markets on Thursday seeking to raise dollar funding. As primary issuance re-starts in the CEEMEA region, Seplat is one of a few high yielding names testing the temperature. [ABSTRACT FROM AUTHOR]

The article focuses on the lack of proper options for oil and gas exploration and upstream business in Côte d'Ivoire. It discusses how the country's valuable resource is its deep water which is viewed by international oil companies as expensive and not urgent in the presence of cheaper upstream business in other countries like Ghana. It also talks about the impossible target of doubling the revenue from oil and gas production as claimed by state oil company Petroci's Ibrahima Diaby.

The article discusses the opportunities for Canadian companies after the opening up of oil and gas exploitation in Mexico to entities apart from Petróleos Mexicanos (Pemex). Topics included are the intention of President Enrique Peña Nieto to sustain oil production through foreign investment, the move to tap Canadian expertise in shale extraction, and the observation of policy expert Miriam Grunstein Dickter on public reaction to privatization reforms in the country.

The article discusses the benefits of oil companies from using downhole visualization software. It states that the Real-Time Visualization Service (RTVS) package offers detailed visualization of the assembly of underground sandface. According to the author, the package includes service string which is a tool that helps in prejob planning.

The article reports on the claim by global real estate adviser CBRE that big global oil companies own less than a third of the filling stations in Europe as they shift focus from retail operations to more profitable exploration and production.

The article reports that investment bank Cowen & Co. has revised its exploration and production (E&P) spending forecast downward for 2016 following cuts from international oil companies (IOC) and North America-focused E&Ps but expects spending to increase in 2017.

The article focuses on research and consulting company Wood Mackenzie principal research analyst Ashley Sherman's claim of more barrels of oil to recover and money to invest in the Azeri-Chirag-Gunashli (ACG) offshore oil exploration and development project. Topics discussed include the 25th anniversary of the signing of the production sharing agreement (PSA), significance of the oil fields development on the economy of Azerbaijan and ACG production from November 1997 to 2019 second quarter.

The article provides an overview of the contract for the exploration and development of the Azeri-Chirag-Gunashli offshore oil and gas fields in Azerbaijan. Topics discussed are the signing of the ACG production sharing agreement on September 20, 1994, celebration of the Oil Workers Day by oil industry workers in Azerbaijan, significance of the ACG contract on the country's oil strategy and development of hydrocarbon deposits by Azerbaijan and international oil partners.

The article reports on the 25th anniversary of the signing of the Azeri-Chirag-Gunashli (ACG) Production Sharing Agreement, signed by the Azerbaijani government, BP and a group of international oil companies on September 20, 1994 and extended in September 2017 until mid-century. Topics covered are the economic benefits of the contract to Azerbaijan, total tonnes of ACG oil produced since 1997 and spending on sustainable development projects by BP and ACG partners.

The article discusses the debt markets for exploration and production (E&P) companies and changes in the funding landscape of E&P companies. Topics discussed include E&P company Afren becoming the first in Europe, Middle East and Africa (EMEA) region to raise U.S. high yield bond in 2011, establishment of funds for EMEA region by mostly U.S. private equity firms and credit funds, and junior debt or second lien market being considered by some funds for EMEA region.

The article offers news briefs related to energy industry in the world. An active petroleum system at the Fan-1 well in Senegal has been confirmed by a group under Cairn Energy. An oil discovery has been reported by Beach Energy Ltd. at its Blagowan-1 exploration well in Australia. Spanish government has allowed the oil company Repsol to conduct exploration activities off the coast of the Canary Islands.

The article reports that west Texas-based oil company Fasken Oil and Ranch fracks oil without using fresh water due to drought and increased competition as of August 2014. It states that other oil companies in Permian Basin use an average of 1.1 million gallons of water to frack, while other companies at Pennsylvania's Marcellus Shale use 4.4 million gallons for the same work. It also informs that Fasken recycles the water produced during drilling and keep it in a recycle station for reuse.

The article focuses on the statement of Alexandre R. Chequer, partner at the law firm Mayer Brown LLP, regarding Brazil's government plan to establish a new policy structure for presalt developments in the country. According to Chequer, the government is considering to open operatorship of its presalt projects to companies other than Petroleo Brasileiro SA (Petrobras). The views of David Carroll, chief executive officer (CEO) and president at Gas Technology Institute, is also noted.

The article reports that Turkey-based exploration firm TPAO has a holding talk with international oil companies for joint oil exploration in Black Sea including Exxon Corp., OMV Aktiengesellschaft and MOL Group Nyrt.

The article focuses on the move of the states, Wyoming and Texas, to initiate measures that will address the burden of orphaned wells in such areas. It provides overview of the number of abandoned wells in the country based on the data provided by Scientific America and their threats to the environment and public safety. It notes the proposed measures of both states to reduce the number of orphan wells and ensure that drilling and exploration hubs are plugged when they are not used.