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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. The price represents a premium of.

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ExxonMobil to explore offshore South Africa; deal for 75% interest in Tugela South

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Exxon Mobil Corporation’s affiliate, ExxonMobil Exploration and Production South Africa Limited, will soon begin exploration activities offshore South Africa. The Impact Oil and ExxonMobil areas offshore South Africa. South Africa has no significant crude oil production. Source: Petroleum Agency SA.

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Pancontinental says first oil discovered offshore Kenya

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Australia-based Pancontinental Oil and Gas NL says it has verified that its recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column—the first such discovered off the East African coast. The gross oil column is assessed to be 14m thick beneath a gross gas column of 29.6m

Kenya 210
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Eni: new ultra-deep discovery offshore Mozambique could contain 5-7 Tcf of gas in place

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Italy-based oil and gas major Eni has made a new high impact discovery at Agulha exploration prospect, in Area 4, offshore Mozambique. Preliminary estimates show that the Agulha structure could contain 5 to 7 Trillion cubic feet of gas in place. tcf of gas in place in the Mamba South Area. Earlier post.).

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ABB Develops Cost-Effective Process to Clean Oily Produced Water

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Oily water treatment schematics. ABB has developed a water treatment technology that cleans oily wastewater—by far the largest waste product in oil and gas production—quickly, cost-effectively and energy-efficiently. About seven to ten barrels of produced water are generated for each barrel of oil.

Water 186
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BP Egypt announces significant gas discovery in deepwater Nile Delta

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BP Egypt announced a “significant” gas discovery in the East Nile Delta. The well was drilled using the sixth-generation semi-submersible rig Maersk Discoverer in water depth of 649 meters (2,129 feet) and reaching a total depth of around 7,000 meters (22,966 feet).

Egypt 199
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Fincantieri and Enel Green Power Italia to explore use of green hydrogen in ports and long-range maritime transport

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Enel Green Power is committed to the creation and development of projects for the production and use of green or renewable hydrogen, derived from the electrolysis of water powered exclusively by renewable electricity.

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