Oil & Gas News

Israel announces the launching of its second bid round to grant exploration licenses for natural gas and oil in Israel’s economic waters in the Eastern Mediterranean. The upcoming bid round is pursuant to an earlier round which began 2 years ago and granted 6 licenses, some are expected to commence drilling in the upcoming months.

McDermott International, Inc. has announced a contract award for concept and engineering services for Talos Energy Inc. for the Zama field development project – the first offshore Mexico block awarded to a private operator. The contract award is for engineering services, including concept selection and follow-on pre-FEED.

Unique Group, one of the world’s leading integrated subsea and offshore solution providers together with Innovo, an engineering, construction and equipment rental company, have successfully completed a multi-million dollar decommissioning contract for Italian global marine, oil and gas contractor, Saipem, on a key offshore platform in the Middle East region.

Explorers interested in Argentina’s upcoming offshore bid round will benefit from a new geological study which constrains the timing and structural context for Triassic to Early Cretaceous basin development prior to and during continental rifting of the South Atlantic Ocean. This new framework for basin evolution will inform exploration strategy and reduce investment risk in the unexplored and underexplored Argentina and Falklands regions.

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