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24 Jan 20
SAExploration announces new project awards offshore West Africa
SAExploration has announced two new projects in offshore West Africa. The projects are valued at approx. $42 million in aggregate and are scheduled to occur primarily during the 2nd quarter of 2020.
24 Jan 20
Brazil: Oil production in Brazil exceeds one billion barrels for the first time
Brazil's ANP reports that oil production in Brazil in 2019 rose 7.78 percent and exceeded one billion barrels for the first time.
24 Jan 20
Kenya: Total and Tullow launch joint sale of stakes in Kenyan oil project
Total and Tullow Oil aim to reduce their stakes in Kenya’s first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project’s launch, banking and industry sources said.
24 Jan 20
88 Energy announces Placement to raise AUD5.0 million
88 Energy has announced a Placement to raise AUD5.0 million. Capital raised will be used to fund the ongoing evaluation of the conventional and unconventional prospectivity of the Company's existing assets, including its share of any potential costs in respect to the upcoming Charlie-1 well, and to enable it to identify and exploit new opportunities on the North Slope of Alaska.
24 Jan 20
Trinidad: Columbus Energy to test Saffron well - South West Peninsula, Trinidad
Columbus Energy has completed the interpretation of the Saffron cased hole logging, with the result supporting the completion and testing of the Saffron well in February 2020.
23 Jan 20
US: USGS estimates 3.6 billion barrels of oil in Alaska's Central North Slope
One of the most productive areas in the world for oil remains rich in the resource, according to the latest USGS assessment. The USGS estimates 3.6 billion barrels of oil and 8.9 trillion cubic feet of natural gas conventional resources in Alaska’s Central North Slope.
23 Jan 20
UK: Fred.Olsen completes decommissioning of Tyne and Guinevere gas platforms in the Southern North Sea
During the second week of January 2020, Fred. Olsen Windcarrier’s jack-up vessel Blue Tern, successfully completed the offshore works related to decommissioning of the Tyne and Guinevere gas platforms in the Southern North Sea for Perenco UK.
23 Jan 20
GoM: Worley awarded FEED contract for TOTAL's North Platte field in the Gulf of Mexico
Worley has been awarded the Front-End Engineering Design contract for TOTAL E&P USA’s North Platte field development in the Gulf of Mexico.
23 Jan 20
Norway: The world’s first carbon-free ammonia-fuelled supply vessel on the drawing board
Equinor has signed an agreement with Eidesvik Offshore for the modification of the Viking Energy supply vessel, to make it capable of covering long distances fuelled by carbon-free ammonia. The vessel will transport supplies to installations on the Norwegian continental shelf (NCS).
23 Jan 20
India: ONGC gets 28 bids for 50 marginal fields in first offer involving private sector
State-owned ONGC has received bids for 50 out of the 64 small and marginal oil and gas fields it offered in a bidding round for raising production by involving private companies. As many as 12 companies made 28 bids for 50 fields at the close of bidding on January 17.
23 Jan 20
Nigeria: ADM Energy to increase its investment portfolio cross Nigeria and West Africa
AIM-listed ADM Energy, a company which currently holds an interest in OML 113, offshore Nigeria, which contains the Aje field, has oulined a strategy to build a larger investment portfolio of projects across Nigeria and West Africa in 2020 and beyond.
23 Jan 20
Kazakhstan: Condor Petroleum receives a further USD18.7 million for sale of oil fields in Kazakhstan
Condor Petroleum has announced the receipt of a further USD18.7 million of the sale proceeds for the Company’s previously announced sale of its Shoba and Taskuduk oilfields in Kazakhstan.
23 Jan 20
Ireland: Europa Oil & Gas provides update on farmout of FELs 4/19, 1/17 and 3/13 offshore Ireland
Europa Oil & Gas has provided an update on the farm-out process in respect of the Company’s 100% owned Frontier Exploration Licences (FELs) 4/19, 1/17 and 3/13 offshore Ireland. Discussions with several parties regarding the farm-out of the Licences are continuing.
23 Jan 20
Indonesia: Mubadala completes farmout of Andaman I and South Andaman PSCs to Premier Oil
Mubadala Petroleum has completed the farmout of a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs) to Premier Oil following Indonesian Government approvals.
23 Jan 20
Colombia: ION signs multi-client agreement for 2D and 3D programs offshore Colombia
ION Geophysical has entered into a multi-client agreement with Colombia’s National Hydrocarbon Agency, the ANH, granting rights to reprocess existing data and acquire new 2D and 3D multi-client programs offshore Colombia’s Caribbean coast.
22 Jan 20
Australia: Wilderness Society takes legal action against Equinor’s approval to drill the Bight
The Wilderness Society South Australia has announced that it has commenced legal proceedings in the Federal Court of Australia to challenge the environmental approval recently granted by NOPSEMA to Norway's Equinor to commence oil drilling in the Great Australian Bight Marine Park.
22 Jan 20
Colombia: Fugro partners with Colombian Maritime Authority to complete seep hunting study
Fugro and the Colombian Maritime Authority (Dirección General Maritima, DIMAR) have completed a joint environmental seep hunting study to help assess the country’s resource potential in the Caribbean Sea.
22 Jan 20
Malaysia: PGS data covers key block for Malaysia 2020 License Round
Key areas for the 2020 Malaysia Licensing Round are covered by the PGS Sabah MC3D program. Data is available to evaluate the petroleum potential of the highly prospective offshore Sabah province.
22 Jan 20
UK: Ocean Installer awarded UK Central North Sea Triton Area Development contract with Dana Petroleum
Dana Petroleum has awarded Ocean Installer a contract for work at the Triton Area Development, located in the Central North Sea.
22 Jan 20
Mexico: EMGS provides update on PEMEX multi-year acquisition contract
EMGS has announced that it has received a call-off for additional acquisition work associated with the two-year acquisition contract signed with PEMEX last year. The call-off consists of deep-water acquisition work and has a total value of approx. USD 3.4 million, excluding associated processing.
22 Jan 20
Australia: DOF Subsea awarded contracts in Australia
DOF Subsea has announced several contract-awards in the APAC region, securing further vessel and resource utilisation in Q1 and first part of Q2 2020. The contracts, for undisclosed clients in Australia, will see Skandi Singapore commence subsea project operations during Q1 2020 for two major operators in the region.
22 Jan 20
UK: TAQA secures Brae Area operatorship
Following the announcement by RockRose Energy regarding the transfer of operatorship of the Brae Area to TAQA Bratani, TAQA Europe Managing Director Donald Taylor said the owners of the Brae Fields look forward to obtaining the necessary regulatory approvals and to discussing arrangements to transition operatorship of the Brae fields to TAQA.
22 Jan 20
US: Oil Search's Mitquq-1 exploration well in Alaska encounters hydrocarbons
Oil Search reports that the Mitquq-1 exploration well, located 9 kms east of the proposed central processing facility for the Pikka Unit Nanushuk Development in Alaska, has intersected 60 metres of net hydrocarbon pay.
22 Jan 20
Gabon: VAALCO announces operational update including successfully restoring production at Etame 10H and Etame 4H wells
VAALCO Energy has provided an operational update on its 2019/2020 drilling program offshore Gabon. The Company has successfully completed a planned workover on the Etame platform for the Etame 10H well and restored 600 gross BOPD. Stabilized production rates of 1,000 gross BOPD have been achieved from the Etame 4H well brought online in December 2019.
22 Jan 20
SDX Energy provides operations ad financial update and guidance for 2020
AIM-listed SDX Energy, the MENA-focused oil and gas company, has provided a year end 31 December 2019 operations and financial update and set out production and capex guidance for 2020.
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