QatarEnergy entered into a farm-in agreement with ExxonMobil Canada for two exploration licenses offshore the province of Newfoundland and Labrador in Canada. According to the agreement, QatarEnergy holds a 28% working interest while ExxonMobil Canada (operator) holds 50% while Cenovus Energy holds 22%. QatarEnergy also holds a 40% working interest in license EL 1162, while […]
offshore exploration
Posted inExploration & Production
Indonesia awards offshore blocks to ramp up gas production
Indonesia has awarded two oil and gas exploration blocks to domestic firms as it seeks to increase gas production to meet growing energy demand, Reuters reported, citing the energy ministry’s director general of oil and gas. The Paus working area in offshore East Natuna, with an estimated 2.5 trillion cubic feet of gas, was awarded […]
Posted inProducts & Services
Renaissance Services bucks trend with profits hike
$303 million revenues up 7.6% against 2008, net profit rises 8.6%