Algeria firmed up its time frame for its next licensing round. Near the end of October, shortly after it announced the winners of its last licensing round ALNAFT said it was planning the country’s next bid round. Now Sonatrach revealed that the next licensing round will take place by Q3 2015. It was also revealed […]

Fastnet Oil and Gas reported that it has retained an option to farm in to the Tendrara Lakbir License onshore Morocco until the end of December. The work program included 3D seismic reprocessing and reservoir engineering studies by two independent parties. Results of the work undertaken support the materiality of the conventional appraisal project on […]

Release Restructuring In light of market conditions and in order to optimise the Company’s cost base, capacity requirements have been reviewed with the objective of creating a productive environment for performing teams and maintaining our core competencies and technological edge. Regretfully SBM Offshore is in the process of releasing approximately 600 contractor staff and an […]