1. Kazakhstan is preparing for large batch of oil and gas leasing bidding
Kazakhstan plans to redistribute or sell more than 100 onshore and offshore oil and gas blocks, hoping to find new owners of discovered and potential new oil fields.
It is reported that there are 107 oil and gas exploration blocks available for competition, of which about 24 blocks will be sold or redistributed to state-owned oil and gas companies. Companies are invited to bid for more than 80 oil and gas blocks that are not state-owned entities.
2. Britain will issue more than 100 North Sea oil and gas exploration licenses and lift the ban on natural gas exploitation by hydraulic fracturing
The new British Prime Minister Trass said last Thursday that Britain would issue more than 100 North Sea oil and gas exploration licenses, and announced the lifting of the moratorium on the use of hydraulic fracturing to exploit shale gas reserves, in order to overcome the country’s energy crisis.
Due to the risk of earthquake, the British authorities introduced a ban on hydraulic fracturing in November 2019. This technology has been severely criticized by some experts and environmentalists and banned in some countries.
3. Total sold $155 million of Iraqi upstream assets
TotalEnergies, a French energy company, sold 18% of its shares in Sarsang onshore oilfield in Kurdistan region of Iraq to ShaMaran Petroleum at a price of $155 million.
Sarsang Oilfield was discovered in 2011 and operated by the energy company HKN, which owns 62% of the shares and the Kurdish regional government owns 20% of the shares.
4. Tamarack Valley acquired Deltastream for US $1.1 billion
Tamarack Valley Energy Co., Ltd., headquartered in Calgary, recently signed an agreement to acquire Deltastream Energy Company for CAD 1.425 billion (nearly US $1.1 billion), making it the largest producer of unconventional heavy oil in Clearwater, Alberta, Canada.
Post time: Sep-19-2022