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20 Jan 21
The UK offers operators best profit conditions to develop big offshore fields; Kuwait, Canada follow - Rystad Energy
This year marks the beginning of a recovery after a disappointing 2020, when the Covid-19 pandemic caused sanctioning of offshore projects to dip to $44 billion from $99 billion the year before. Rystad Energy projects offshore sanctioning to rebound to at least $56 billion in 2021 and keep rising to as high as $131 billion in 2023.
20 Jan 21
Norway: Spirit Energy awarded three new licences in Norway's APA 2020
Spirit Energy has been awarded 3 new licences in the 2020 Awards in Predefined Areas (APA) licensing round on the Norwegian Continental Shelf (NCS).
20 Jan 21
BHP announces operational review for half year ended 31 December 2020
BHP has announced an operational review for the half year ended 31 December 2020. Total petroleum production decreased by 12 per cent to 50 MMboe. Guidance for the 2021 financial year remains unchanged at between 95 and 102 MMboe.
20 Jan 21
Argentina: President Energy announces H1 2021 drilling update
President has a firm programme to drill four new slim hole gas wells in the Las Bases and Estancia Vieja Concessions in Rio Negro Province commencing during March. The Company is also considering drilling two or three vertical oil wells in the currently producing Dos Puntitas field within Puesto Guardian in H2 2021.
20 Jan 21
Trinidad: Predator announces the results of its Pilot CO2 EOR Project in the Inniss-Trinity field onshore Trinidad
Predator Oil & Gas Holdings has announced the results of its Pilot CO2 EOR Project in the Inniss-Trinity field onshore Trinidad. The excellent results from the Pilot CO2 EOR project, despite a challenging operational environment due to COVID-19, have de-risked the case for CO2 EOR.
20 Jan 21
Australia: Talon expands Perth Basin acreage
Talon Petroleum has entered into a non-binding term sheet with Macallum Group for the acquisition of a 100% interest in the area covering the large, Muchea Structure in EP494 and SPA-0081, located onshore Perth Basin.
20 Jan 21
Russia: Wintershall Dea announces first gas at the Achim Development in Western Siberia
Achim Development, a joint venture between Gazprom and Wintershall Dea, has successfully started hot commissioning of Area 4A of the Urengoyskoye oil, gas and gas condensate field in Western Siberia, and has produced first gas and condensate from the licence block.
19 Jan 21
Norway: PGNiG awarded four new licences in Norway's APA 2020
PGNiG has been awarded four new licences in the 2020 Awards in Predefined Areas (APA) licensing round in Norway. With the awards, the number of licences held by the PGNiG Group on the NCS has increased to 36.
19 Jan 21
Norway: Wintershall Dea awarded 16 exploration licences in Norway's APA 2020
Wintershall Dea has been awarded interest in 16 exploration licences in Norway, including four as operator. In the APA 2020 licensing round, the Company secured access to five areas in the North Sea, nine in the Norwegian Sea, and two in the Barents Sea.
19 Jan 21
UK: PetroStrat acquires specialist geology business unit of RPS Energy
PetroStrat, an industry leading stratigraphic consultancy that provides a comprehensive suite of geological services to the upstream oil and gas industry, has announced the acquisition of the Specialist Geology Business Unit of UK-based RPS Energy.
19 Jan 21
Angola: Belltree awarded significant national benchmarking analysis contract by Angolan State Regulator ANPG
Belltree has been awarded a significant contract to assist the Angolan Petroleum Regulator (ANPG) in its drive to optimise reserves and production from mature fields. The contract builds on Belltree’s extensive experience in highlighting asset potential via data-driven, national benchmarking projects for sovereign nations such as the UK, Norway, Netherlands & UAE.
19 Jan 21
McDermott awarded liquid hydrogen storage study
McDermott International has announced that its CB&I Storage Solutions business has been awarded a study by a leading natural gas producer to research opportunities to expand current liquid hydrogen storage capacity limits.
19 Jan 21
Germany: Fugro wins multidisciplinary contract on Germany’s SuedLink renewables powerline
Fugro has been awarded a geotechnical and water consulting contract to support the route planning, permitting and installation of 106 km of underground power cables on Section 2 of Germany’s new Suedlink powerline.
19 Jan 21
South Korea: KBR selected as technical advisor for SK hydrogen development project
KBR has been awarded a contract to provide technical advisory solutions to SK E&S for its hydrogen development business in South Korea. SK Group announced late last year that it would invest in assets that will provide hydrogen as a next-generation eco-friendly energy source.
19 Jan 21
Norway: Lundin awarded 19 licences in Norway's APA 2020
Lundin Energy has announced that its wholly owned subsidiary Lundin Energy Norway has been awarded a total of 19 exploration licence interests in the 2020 Awards in Predefined Areas (APA) licensing round, in Norway.
19 Jan 21
Norway: Neptune Energy awarded six licences in Norway's APA 2020
Neptune Energy has been awarded a total of six new licences in the Awards in Predefined Areas (APA) 2020, announced by the Norwegian Ministry of Petroleum and Energy.?
19 Jan 21
UK: Wood partners with Spirit Energy on late life solutions for Morecambe Bay gas fields
Wood has entered into a new agreement with Spirit Energy to partner on the delivery of late life solutions for the Morecambe Bay gas fields, one of the UK’s largest gas accumulations.
19 Jan 21
Norway: Var Energi awarded 10 new NCS licenses in APA 2020
Var Energi has been awarded 10 new licenses (5 as operator) on the Norwegian Continental Shelf during the Awards in Predefined Areas for 2020.
19 Jan 21
Norway: DNO receives 10 awards in Norway's APA 2020
DNO has been awarded participation in 10 exploration licenses, of which 4 are operatorships, under Norway's Awards in Predefined Areas (APA) 2020 licensing round.
19 Jan 21
Norway: Pandion Energy awarded five licenses in APA 2020
Pandion Energy has been awarded five licenses under the 2020 Norwegian APA (Awards in Pre-defined Areas) Licensing Round on the Norwegian Continental Shelf.
19 Jan 21
Norway: Aker BP awarded 10 licenses in APA 2020
Aker BP has been offered interests in 10 new production licenses in Norway, of which 8 as operator, through the Awards in pre-defined areas (APA 2020) licensing round.
19 Jan 21
Norway: OKEA awarded six licences with four operatorships in APA 2020
OKEA has been awarded six new production licences on the Norwegian Continental Shelf by the Ministry of Petroleum and Energy under the Award in Pre-Defined Areas (APA) for 2020. The awarded licences include exploration and field development opportunities near the important Draugen and Gjøa production hubs as well as other new areas.
19 Jan 21
Norway: Petrolia NOCO awarded 3 licenses in APA 2020
Petrolia NOCO has been awarded three licenses by the Norwegian Ministry of Petroleum and Energy. The licenses (PL 1106 20% , PL 1107 30%) are located in the northern North Sea and one operated license (PL 1013 B 60%) in the Norwegian Sea.
19 Jan 21
GoM: Kosmos Energy announces oil discovery in the U.S. Gulf of Mexico
Kosmos Energy has announced today an oil discovery in the U.S. Gulf of Mexico at the Winterfell infrastructure-led exploration ('ILX') well, which was designed to test a sub-salt Upper Miocene prospect located in Green Canyon Block 944. The well encountered approx. 26 meters (85 feet) of net oil pay in two intervals.
19 Jan 21
Norway: Equinor awarded 17 new production licences on the Norwegian continental shelf
Equinor has been awarded 17 new production licences by Norway’s Ministry of Petroleum and Energy in the 2020 Award in Predefined Areas (APA) - 10 licences as operator and 7 licences as partner.
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