Early studies indicate that the area may be rich in hydrocarbons. More seismic surveys will be conducted in 2014 if temperatures do not drop below minus five degrees.
NordOil, the new exploration and production company created by KMG will be the operator of oil and gas blocks discovered in Turgay. The company has already received around $40 million of investment to fund its activities. More than $100 million could be invested in the exploration and production stages of the project.
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
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