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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
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.
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
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.
22 Jan 20
Egypt: United Oil & Gas provides update on Abu Sennan ASH-2 well and Rockhopper acquisition timetable
AIM-listed United Oil & Gas has provided an update on the proposed acquisition of Rockhopper Egypt from Rockhopper Exploration, including further detail regarding the ASH-2 well which was recently drilled at Abu Sennan.
22 Jan 20
Canada: Questerre closes acquisition of Quebec assets
Questerre Energy has received all approvals and has closed the acquisition of assets in Quebec pursuant to the purchase and sale agreement with a senior exploration and production company as set out in the Company’s press release dated March 7, 2019.
21 Jan 20
Santos announces 2019 Q4 activities report
Santos delivered record annual production and revenues in 2019. The year was highlighted by highest ever free cash flow of more than $1.1 billion, record onshore drilling performance, lower unit production costs and significant progress on the Company's diversified portfolio of growth projects.
21 Jan 20
Saudi Arabia: Valaris provides update on ARO Drilling joint venture
Valaris has announced that ARO Drilling, its 50/50 joint venture with Saudi Aramco, has ordered two newbuild jackup rigs from International Maritime Industries. Upon delivery, each rig is expected to commence an eight-year contract with Saudi Aramco and operate at a day rate determined by a six-year EBITDA payback.
21 Jan 20
McDermott announces comprehensive prepackaged restructuring transaction
McDermott International has announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the Company's funded debt, eliminating over $4.6 billion of debt.
21 Jan 20
UK: Egdon Resources completes P1929 and P2304 Farm-In Agreement with Shell U.K.
Egdon Resources has announced the signature of a Farm-In Agreement with Shell U.K. in relation to UK offshore licences P1929 and P2304 which contain the Resolution and Endeavour gas discoveries respectively.
21 Jan 20
Saudi Arabia: Wood cements position as strategic partner to Saudi Aramco
Wood has secured a two-year extension to its in-Kingdom and out-of Kingdom contracts with Saudi Aramco’s subsidiary, Aramco Overseas Company (AOC) for its unconventional gas programme, extending awards originally secured in 2014.
21 Jan 20
Iraq: Gulf Keystone announces operational and corporate update
Gulf Keystone Petroleum has provided an operational and corporate update in advance of the Company's full year 2019 results. With the continued development of the Shaikan field, the Company expects to increase average production in 2020 by more than 30 percent year-on-year to 43,000-48,000 bopd.
21 Jan 20
Peru: PetroTal announces fully funded 2020 Capital Budget of US$99 million
PetroTal, the Peruvian focused E&P company, has announced its 2020 capital program of US$99 million, expected to be fully funded with funds generated from operations and existing cash resources. The capital program will allow PetroTal to become a free cash-flowing company and reach 20,000 bopd from the Bretana oil field before year-end 2020.

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