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23 Aug 19 |
Nigeria: LEKOIL acquires participating interest in OPL276 LEKOIL has agreed to acquire from Newcross Petroleum a 45 per cent participating interest in the Production Sharing Contract in relation to the Oil Prospecting Licence 276, covering a territory located onshore in the eastern Niger Delta basin. |
23 Aug 19 |
US: 88 Energy announces update on Project Icewine conventional farmout 88 Energy has provided an update related to the farmout of its conventional prospect portfolio at Project Icewine, located on the Central North Slope, Alaska. |
23 Aug 19 |
Eco (Atlantic) Oil & Gas announces results for the three months ended June 30 2019 Eco (Atlantic) Oil & Gas has announced its results for the three months ended 30 June 2019 and provided a corporate and operational update. |
22 Aug 19 |
Mexico: Premier Oil launches formal sales process for its interest in the Zama field offshore Mexico Announcing its half year results, Premier Oil announced that it has initiated a formal sales process for its interest in the Zama field, offshore Mexico. The Talos-operated Block 7 Zama appraisal campaign successfully completed in July and resulted in Premier increasing its gross resource estimate of the Zama structure to 670-810-970 mmboe (P90-P50-P10). |
22 Aug 19 |
Falklands: Premier Oil launches farmout process for Sea Lion development offshore Falklands Announcing its half year results, Premier Oil announced that a formal farm-down process of Premier’s 60 per cent operated interest in Sea Lion Phase 1 has been launched. Sea Lion Phase 1 will develop 250 mmbbls (gross) resources in PL032 using a conventional FPSO based scheme, similar to Premier’s successful Catcher development. |
22 Aug 19 |
UK: Cuadrilla suspends fracking at Lancashire site after biggest tremor yet Cuadrilla has suspended fracking at Britain's only shale gas exploration site after it recorded its biggest tremor yet. Operations were paused for 18 hours after what it called a 'micro seismic' event of magnitude 1.55 was detected at its Preston New Road site at Little Plumpton, near Blackpool in Lancashire. |
22 Aug 19 |
US: 88 Energy farms out Project Icewine to Premier Oil Premier Oil has signed a Sale and Purchase Agreement with 88 Energy and Burgundy Xploration to farm-in for a 60 per cent interest in Area A of their conventional Project Icewine acreage in the Alaska North Slope basin. |
22 Aug 19 |
Premier Oil announces half-year results for the six months to 30 June 2019 Premier Oil has announced its half-year results for the six months to 30 June 2019. The Company reports another strong performance where it has exceeded its financial and operational targets for the period. |
22 Aug 19 |
UK: Reabold Resources increases its investment in Rathlin Energy (UK) Reabold Resources, the AIM-listed investing company which focusses on investments in pre-cash flow upstream oil and gas projects, has increased its investment in Rathlin Energy (UK), the operator of the West Newton field, through participation in an advanced subscription agreement. |
22 Aug 19 |
Santos reports record interim underlying profit of USD411 million Santos has announced its half-year results for 2019, reporting both record EBITDAX and underlying profit. Underlying profit after tax increased by 89 percent to a record USD411 million. |
21 Aug 19 |
Rex International updates business strategy after war chest recharged from Norway asset sales Rex International has shared its business strategy going forward, after achieving a record profit net of tax of approx. USD26.29 million for the quarter ended 30 June 2019, following the Group’s sale of interests in certain assets in Norway. |
21 Aug 19 |
UAE: ADNOC awards contracts for wells and drilling materials with multi-billion-dollar scope as it drives value through smart procurement The Abu Dhabi National Oil Company (ADNOC) has announced the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement. The contracts have a combined scope of AED 13.2 billion (USD3.6 billion) and the potential to achieve In-Country Value of over 50 percent. |
21 Aug 19 |
UK: Petrofac secures three-year Forties contract from INEOS Petrofac’s Engineering & Production Services (EPS) business has been awarded a three-year Operations & Maintenance Support Services contract from INEOS FPS. Under the terms of the agreement, Petrofac will provide personnel to the Unity Platform in the Central North Sea, the onshore Cruden Bay Terminal and other landline sites. |
