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ONGC buys out GSPC's stake in Deen Dayal block in India for US$1.2 billion
ONGC will acquire Gujarat State Petroleum Corporation's (GSPC) 80% interest in the KG-OSN-2001/3 block off the east coast of India. The block inclu...
Lebanon Sinai - Levant exploration basin
The Sinai-Levant Basin comprises the easternmost portion of the Mediterranean along with the onshore region extending from the Sinai Peninsula to S...
Libya hits production landmark but political divisions overshadow outlook
Libya's oil production has increased steeply from a low-point of below 300,000 b/d to over 1 million b/d. Much credit must go to Libya's National O...
New project sanctions jump in 2017: Q2 pre-FID upstream project tracker
In 2016 we saw 12 major projects reach sanction. We're not yet halfway through 2017, and we've already passed that number, with 13 FIDs on the boar...
Newfoundland and Labrador 2016 licence round launch
On 7 April 2016, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced its 2016 call for bids. Sixteen blocks are on of...
Norway’s total carbon price to exceed US$260/tonne by 2030: implications for upstream value
Norway’s E&Ps already pay the highest carbon taxes in the world. The country's latest carbon plan would see the combined Norway CO2 tax and EU ETS ...
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