Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  




Subscribe to our free daily newsletters



OIL AND GAS
Eni to examine underexplored oil and gas potential offshore Oman
by Daniel J. Graeber
Washington (UPI) Nov 14, 2017


Italian energy company Eni said Tuesday it signed an agreement to look at the potential for oil and gas in an underexplored area off the coast of Oman.

The company signed the agreement with the Omani government and a consortium of state-backed oil and exploration companies for Block 52. The production sharing agreement covers nearly 35,000 square miles, where waters range from a few feet to 1.8 miles deep.

"We wish to establish with the Sultanate of Oman, which is a historical oil and gas producer in the region, a long-lasting relationship in the best tradition of Eni," CEO Claudio Descalzi said in a statement.

The agreement came about a month after British energy company BP said it would bring lessons learned from hydraulic fracturing in the United States to start production at the Khazzan natural gas field in Oman.

Hydraulic fracturing has been used for decades, though improved techniques like horizontal drilling have led to considerable production gains for oil and natural gas in the United States. The first phase of operations from the Khazzan development in Oman will plateau at 1 billion cubic feet of natural gas per day. That's about half the September rate for gas production from the Bakken shale field in the United States, the least productive shale basin for natural gas in the country.

Eni gave no indication of what it expected from Block 52.

A profile of production from economists at the Organization of Petroleum Exporting Countries said it expected oil output from Oman to decline by about 4,000 barrels per day for the year. Most of the non-OPEC growth is expected from the United States.

The Italian company assigned a 30 percent working interest to Qatar Petroleum during the signing ceremony in Oman. Qatar Petroleum said both sides would work on executing a preliminary work plan that involves seismic surveys to get a better understanding of the reserve potential, followed by exploration drilling at some point in the future.

OIL AND GAS
Traces of major palm oil spill still linger in Hong Kong
Hong Kong (AFP) Nov 13, 2017
Traces of palm oil are still fouling a remote part of Hong Kong's shoreline three months after a major spill caused by a ship collision, environmentalists say. One thousand tonnes of the solidified oil leaked from a cargo ship which collided with another vessel near the Pearl River estuary in early August. More than 200 tonnes reached Hong Kong's shores, forcing beaches to close and kill ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Sandia speeds transformation of biofuel waste into wealth

Study identifies additional hurdle to widespread planting of bioenergy crops

Penn researchers mimic giant clams to enhance the production of biofuel

Research aims to help renewable jet fuel take flight

OIL AND GAS
China Saves the World, and America Too by Going Off-The-Grid

In Morocco, a blue tourist town is turning green

Mechanochemistry paves the way to higher quality perovskite photovoltaics

OMCO Solar expands to met demand for field-fast racking systems

OIL AND GAS
New York sets high bar for wind energy

Construction to begin on $160 million Industry Leading Hybrid Renewable Energy Project

A kite that might fly

Scotland outreach to Canada yields wind energy investment

OIL AND GAS
AREVA NP introduces FORERUNNER robot to optimize steam generator inspections

France backtracks on nuclear power reduction target

Nuclear energy programs may not increase likelihood of proliferation

Bulgaria extends life of Soviet-era nuclear reactor

OIL AND GAS
Developing world says rich nations shirking on climate

Cities can cut greenhouse gas emissions far beyond their urban borders

Syria to join Paris climate pact, isolating US

EU to cut car emissions to meet climate targets, rival China

OIL AND GAS
Uber IPO 'target' is 2019: CEO

Vehicle emissions per driver on the rise, study finds

EV corridor will stretch from Norway to Italy

Ford, Chinese firm to invest $756 million on electric cars

OIL AND GAS
Iraq needs 'Marshall Plan', says Kirkuk archbishop

More than two million Iranian pilgrims descend on Iraq

Traditional carpet weaving in central Iraq unravels

Twin Iraq and Syria assaults as IS loses last city

OIL AND GAS
On first Mideast trip, Macron urges 'firm' stance on Iran

NATO discusses Russia missile treaty 'violations': Mattis

US expected to name North Korea terror sponsor

Europe urges US Congress not to torpedo Iran deal




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement