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24 Sep 20
UK: Job support scheme provides certainty but focus on green recovery must continue - OGUK
OGUK, the leading representative for the UK’s offshore oil and gas industry, has initially welcomed the winter economy plans announced by the Chancellor, noting it will seek further information on the details of the proposals in the coming days.
24 Sep 20
Ascent Resources announces interim results
Ascent Resources, the AIM quoted onshore Caribbean, Hispanic American and European energy and natural resources focussed company, has reported its interim results for the six months ended 30 June 2020.
24 Sep 20
UK: New renewable energy generation record shows PM is right to call for a green industrial revolution
New figures released by the Government show a record increase in renewable energy generation in the first half of this year, providing 46% of the UK’s power needs. Wind alone generated 26% of Britain’s electricity in the first half of this year, with 14% coming from offshore wind (21 terawatt hours) and 12% from onshore (18.9TWh).
24 Sep 20
Norway: PGNiG Upstream Norway signs agreement with Norske Shell to acquire interests in Kvitebjorn and Valemon fields offshore Norway
PGNiG Upstream Norway has signed an agreement with Norske Shell to acquire interests in Kvitebjørn and Valemon, two producing fields in the North Sea. Following the transaction, the PGNiG Group’s own gas production in Norway will increase to 0.9 bcm in 2021, nearly 30% above the previous forecast.
24 Sep 20
Weatherford and Safe Influx sign Memorandum of Understanding
Weatherford International has signed a Memorandum of Understanding (MoU) with Safe Influx, the world's only provider of Automated Well Control technology.
24 Sep 20
UK: CGG commences second phase of largest OBN multi-client survey in UK CNS
CGG has announced completion of the first phase of its multi-year program to deliver the largest OBN multi-client survey ever acquired in the UK Central North Sea (CNS) and immediate commencement of the second acquisition phase. The survey started in March 2020 and has already received significant industry interest and prefunding, with first images targeted for Q1 2021.
24 Sep 20
Falklands: Borders & Southern announces unaudited results
AIM-listed Borders & Southern Petroleum has announced its unaudited interim financial statements for the six months to 30 June 2020. The Company is still seeking a farmout of its Darwin gas condensate discovery offshore Falklands.
24 Sep 20
Australia: DOF Subsea Australia contracted by Woodside Energy
Woodside has awarded DOF Subsea Australia a contract to provide Transportation & Installation (T&I) services in support of flowline installation operations in the Cossack Wanaea Lambert and Hermes (CWLH) field, North West Shelf, Australia.
24 Sep 20
Nigeria: Canadian Overseas Petroleum provides update on its drilling licence extension for OPL 226
Canadian Overseas Petroleum has provided an update on its drilling licence extension for OPL 226, offshore Nigeria.
24 Sep 20
Georgia: Block Energy announces operational and corporate update
Block Energy, the exploration and production company focused on Georgia, has announced an operational and corporate update. Significant operational progress has been made at the Company's Early Production Facility with first gas on schedule for Q4 2020.
24 Sep 20
Cuba: Melbana Energy commences Block 9 drilling preparations
Melbana Energy has commenced civil works for construction of the first well pad in support of its two well drilling program in Block 9 onshore Cuba.
23 Sep 20
Brazil: Petrobras encounters hydrocarbons in Block C-M-657 well in the Campos Basin pre-salt
Petrobras has identified the presence of hydrocarbons in carbonate reservoirs in the first well in Block C-M-657, located in the pre-salt of the Campos Basin.
23 Sep 20
Austria: VERBUND acquires OMV’s 51% stake in Gas Connect Austria
OMV, the international, integrated oil and gas company headquartered in Vienna, and VERBUND, Austria’s leading electricity company and one of the largest hydropower producers in Europe, have announced the sale of the 51% interest in Gas Connect Austria by OMV to VERBUND.
23 Sep 20
UK: Archer secures a four-year contract extension for platform drilling and maintenance services with Apache in the North Sea
Archer has secured a four-year contract extension with Apache Corp for the provision of platform drilling operations and maintenance services on Beryl Alpha and Bravo, Forties Alpha, Bravo, Charlie and Delta in the UK North Sea.
23 Sep 20
Brazil/US: Maha Energy announces operational update
Maha Energy has announced an operational update for its activities in Brazil and the United States. The Company's compression project at the Tie field in Brazil has been successfully commissioned
23 Sep 20
Shell and Microsoft form alliance to help address carbon emissions
Shell International Petroleum Company and Microsoft Corporation, building on a history of three decades of working together, are embarking on a new strategic alliance to support progress towards a world with net-zero emissions.
23 Sep 20
ION commercializes Gemini extended frequency source technology
ION Geophysical has announced the commercialization of its proprietary Gemini extended frequency source technology following a successful survey deployment in the Gulf of Mexico.
23 Sep 20
UK: OGA appoints firm to operate National Data Repository
The Oil and Gas Authority (OGA) has appointed Osokey as collaborative partner in developing the National Data Repository (NDR) platform, as a critical element of the OGA Digital Energy Platform.
23 Sep 20
Canada: PGS completes 2020 Canada acquisition and prepares first data
PGS completed the acquisition of three new GeoStreamer 3D surveys offshore Newfoundland and Labrador in September. First fast-track results will be delivered in Q4 2020 with final imaging and interpretation products delivered in 2021. The Blomidon, South Bank and Torngat Extension GeoStreamer 3D surveys together cover approx. 8,500 sq km.
23 Sep 20
Norway: Aker Solutions wins electrification work for Lundin Energy Norway
Aker Solutions has signed an engineering, procurement, construction and integration (EPCI) contract for the integration of a high-voltage electrical boiler package as part of the electrification of Lundin Energy Norway's Edvard Grieg platform.
23 Sep 20
UK/Netherlands: National Grid and TenneT to jointly develop vision to link offshore wind farms to Britain and the Netherlands
National Grid Ventures, the commercial development arm of National Grid, and Dutch Transmission System Operator TenneT have announced a cooperation agreement to explore the feasibility of connecting Dutch and British wind farms to the energy systems of both countries via subsea electricity cables called interconnectors. The development would be the first of its kind for the UK and the Netherlands in the North Sea.
23 Sep 20
Reabold Resources announces interim results
Reabold Resources, the AIM investing company which focuses on investments in upstream oil and gas projects, has announced its unaudited interim results for the six months ended 30 June 2020.
23 Sep 20
Energy transition could push oil majors to sell or swap oil and gas assets of more than USD100 billion - Rystad Energy
The global energy market is on the brink of a major transition to cleaner sources of energy. To adjust and transform, the world’s largest oil and gas firms are revising their long-term oil price and demand outlook, and need to streamline their portfolios significantly to improve cash flow, cost efficiency and competitiveness.
23 Sep 20
UK: Angus Energy announces proposed placing and proposed debt financing
Angus Energy has announced that, with the support of Saltfleetby Energy Limited, its 49% partner in the Saltfleetby Gas Field, the Company has engaged Gneiss Energy, a strategic and financial advisory firm operating in the energy and natural resources sectors, to raise up to £12 million through the issue of a senior secured debt facility to assist in funding the redevelopment of the Field.
23 Sep 20
Australia: Empire Energy spuds Carpentaria-1 well in Northern Territory permit EP187
Empire Energy has commenced drilling the Carpentaria-1 well in Empire’s 100% owned Northern Territory permit EP187. The well will be drilled to evaluate the two unconventional shale targets, the Velkerri and Kyalla Shales, which are independently assessed to have a best estimate prospective resource of 2.4 trillion cubic feet of gas equivalent in Empire’s EP187 permit.
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