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08 Apr 20
Norway: NPD reports reduced exploration activity with production maintained for now
The Norwegian Petroleum Directorate (NPD) reports that exploration activity on the shelf has been reduced, and production will be maintained for the time being, in spite of the corona outbreak and the decline in oil price. At the same time, the companies have announced and initiated several measures that could have long-term consequences for production and overall resource extraction.
08 Apr 20
Norway: Aker BP awards Allseas a call-off for removal and disposal of installations in the Valhall area
Aker BP has awarded Allseas a call-off for removal and disposal of multiple installations in the Valhall area in the North Sea in the period from 2021 to 2026.
08 Apr 20
Zenith Energy completes fully subscribed private placement
Zenith Energy has received conditional approval for the private placement financing announced to the market on April 6 2020 to raise an aggregate total amount of approx. CAD921,000. The proceeds will be used to fund the Company's publicly announced acquisition campaign in Africa and to provide additional funding for Zenith's existing production portfolio.
08 Apr 20
Rockhopper Exploration announces full-year results for the year ended 31 December 2019
Rockhopper Exploration, the oil and gas exploration and production company with key interests in the North Falkland Basin, has announced its audited results for the year ended 31 December 2019.
08 Apr 20
TGS announces preliminary Q1 2020 net revenues and business update
Based on preliminary reporting from operating units, TGS management expects net segment revenues for the first quarter of 2020 to be approx. USD 152 million. Multi-client Investments for the quarter are expected to be approx. USD 138 million with a prefunding rate of 61%.
07 Apr 20
ExxonMobil reduces 2020 capex by 30 percent, cash opex by 15 percent; maintains long-term outlook
ExxonMobil said it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.
07 Apr 20
UK: Government admits BP drilling permit process was unlawful - Greenpeace wins legal challenge
The government admits it acted unlawfully in granting BP’s permit to drill for at the Vorlich field in the North Sea, a Greenpeace legal challenge reveals, after officials rubber-stamped BP’s drilling application with no public scrutiny.
07 Apr 20
Ithaca Energy announces operations & trading update
Ithaca Energy has provided an operations update together with the results of its year-end 2019 independent reserves evaluation. 2020 capital expenditure has been cut by 50% to approx. US$120 million.
07 Apr 20
Georgia: Block Energy announces operations update
Block Energy, the exploration and production company focused on Georgia, has announced an operations update including actions taken following the Covid-19 outbreak.
07 Apr 20
SDX Energy announces Y/E 2019 financial and operating results
SDX Energy, the MENA-focused oil and gas company, has announced its audited financial and operating results for the year ended 31 December 2019.
06 Apr 20
Senegal: TDI-Brooks completes MSGBC field data acquisition for TGS and commences another offshore Nigeria
TDI-Brooks International (under contract to TGS), has completed the offshore 'seep-hunting' surface geochemical analysis and geotechnical campaign of the MSGBC Basin, from Northern Senegal through The Gambia and AGC zone, into Guinea-Bissau down to the Guinea transform fault.
06 Apr 20
Fugro to reduce workforce in response to COVID-19 pandemic
Fugro is taking appropriate measures during the COVID-19 pandemic to ensure business continuity, including a hiring and salary freeze and measures to reduce its workforce.
06 Apr 20
Petrofac announces actions taken in response to COVID-19
Petrofac has provided an update on the actions it is taking to respond to the unprecedented market conditions affecting the industry, which include reducing capex by 40%, a reduction in salaries across the Company and a reduction in personnel by around 20%.
06 Apr 20
RockRose Energy anounces Full Year Results
RockRose Energy has announced its Full Year Results for the 12 months to 31 December 2019. The Company is currently reassessing all discretionary expenditure and is pursuing several initiatives to reduce operating costs.
06 Apr 20
Zenith Energy to raise up to GBP525,000 by private placement
Zenith Energy is seeking approval to raise gross proceeds of up to GBP525,000 by private placement. Proceeds will provide increased funding for the development of its production portfolio, business development expenses for the identification of new oil & gas production assets, as well as for general working capital purposes.
05 Apr 20
The current challenges for the UK and Norway in the face of COVID-19 - Westwood Insight
The world has been transformed in the past month since the Covid-19 pandemic took hold. The dramatic impact of COVID-19 on global oil demand has been compounded by Saudi Arabia and Russia failing to agree production cuts to stabilise oil prices. With Brent trading well below US$30/bbl the resilience of the sector is once again being pushed to its limit.
05 Apr 20
UK: OGUK launches survey to understand issues facing supply chain
The leading representative body for the UK offshore oil and gas industry, OGUK, has launched a survey in a bid to help find solutions to the problems faced by the supply chain as it deals with the impact of the coronavirus pandemic and low oil and gas prices.

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