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17 May 21
Italy: Rockhopper provides update on Ombrina Mare arbitration
AIM-listed Rockhopper Exploration has provided an update on its international arbitration against the Republic of Italy in relation to the Ombrina Mare field.
14 May 21
Petrobras presents strong revenue generation in the first quarter
Petrobras closed the first quarter of the year with solid operational and financial performance, even in a challenging period due to the worsening of the pandemic in the country. The company had net income of R$1.2 billion in the quarter, equivalent to US$0.2 billion. Petrobras increased its production of oil and natural gas by 3% compared to the fourth quarter of 2020.
14 May 21
Upstream spending, cut by $285 billion in two years, will struggle to recover to pre-pandemic levels - Rystad Energy
The toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285 billion, and although spending will slowly start to rise from 2022, it will not reach pre-crisis levels in the coming period, according to a Rystad Energy report.
14 May 21
Israel: Chevron shuts Tamar gas field off Israeli coast as unrest flares
Chevron has shut down the Tamar natural gas platform off the Israeli coast at the instruction of the country's energy ministry, the company said on Wednesday, following the wave of unrest in the region.
14 May 21
Angola: Seadrill JV secures new contract offshore Angola for the Quenguela drillship
Seadrill has announced a new contract has been secured by Sonadrill, the 50:50 joint venture with an affiliate of Sonangol. Sonadrill has secured a twelve well contract with one option for nine wells and eleven one well options in Angola for the Sonangol Quenguela drillship.
14 May 21
UK: Hurricane Energy provides update on proposed financial restructuring
Further to the announcement made on 30 April 2021 regarding the proposed financial restructuring of the Group, the Company confirms that it has filed a claim form and draft explanatory statement at the High Court of Justice in London ahead of a convening hearing expected to be held virtually via video conference on 21 May 2021.
13 May 21
UK: Pathfinder relaunch helps revitalise offshore energy supply chain
The Pathfinder website is attracting thousands of users and being widely praised throughout the industry following its relaunch on 1 April this year. First launched in 2010 and moved to the Oil and Gas Authority (OGA) in 2015, Pathfinder was already extensively used, but the wider scope of information it provides alongside better functionality has significantly improved the service.
13 May 21
Neptune Energy announces Q1 2021 results
Neptune Energy has announced its financial results for the three months ended 31 March 2021. Q1 production was 125.7 kboepd, in line with guidance.
13 May 21
Touchstone Exploration announces first quarter 2021 results
Touchstone Exploration, one of the largest onshore independent oil producers in Trinidad, has reported its operating and financial results for the three months ended March 31, 2021. The Company continues to focus on the Ortoire exploration program.
13 May 21
Valeura Energy announces first quarter 2021 results
Valeura Energy, an upstream oil and gas company with assets in the Thrace Basin of Turkey, has reported its unaudited financial and operating results for the three month period ended March 31, 2021.
13 May 21
Serinus Energy announces interim results for the three months ended 31 March 2021
Serinus Energy has announced the release of its interim results for the three months ended 31 March 2021. EBITDA for the three months ended 31 March 2021 was $2.6 million.
13 May 21
UK: Angus Energy announces signing of the Saltfleetby finance facility
Angus Energy has announced that the Loan Facility has now been signed between Angus and Saltfleetby Energy, as Borrower and Guarantor respectively, and Mercuria Energy Trading and Aleph Saltfleetby, as the co-Lenders.
13 May 21
Australia: Vali gas joint venture participants granted authorisation for joint marketing
The Australian Competition and Consumer Commission has granted authorisation for Vintage Energy, Metgasco and Bridgeport, a wholly owned subsidiary of New Hope Corp, to enter into joint gas marketing arrangements for the Vali field, a new gas field in the early stages of development, located in the Queensland Cooper/Eromanga Basin.

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