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26 Aug 20
Namibia: ReconAfrica provides Kavango Basin operations update
Reconnaissance Energy Africa (ReconAfrica) has provided an operations update in opening the deep Kavango Basin in northeastern Namibia. The Company is now funded to initiate and complete a three well drilling program in the most opportune parts of the Kavango Basin, with the initial goal of establishing an active Permian aged petroleum system.
26 Aug 20
Cambodia: KrisEnergy hits milestone in Cambodia Block A Apsara oil development as platform sails for field location
KrisEnergy has announced that fabrication of the minimum facilities wellhead platform ('Mini-Platform') for the Apsara oil development offshore Cambodia Block A is completed and the topsides and jacket are being transported to Cambodian waters in the Gulf of Thailand for installation.
26 Aug 20
Brazil: Fugro wins three long-term ROV services contracts with Petrobras in Brazil
In partnership with Solstad and Oceanpact, Fugro has been awarded three long-term contracts by Petrobras to provide remotely operated vehicle (ROV) services for a variety of subsea activities in Brazil.
26 Aug 20
BW Energy announces second quarter and first-half 2020 results
BW Energy has announced second quarter and first-half 2020 results. EBITDA for the second quarter of 2020 was USD 21.8 million, up from USD 14.8 million in the first quarter of 2020 due to increased oil sales and realised oil price.
26 Aug 20
Botswana: Tlou Energy announces transmission line and funding update
Tlou Energy an ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the exploration and development of gas and solar, has provided an update in relation to the proposed transmission line to connect Tlou's Lesedi Power project to the BPC electricity grid.
26 Aug 20
Valaris receives NYSE notice of immediate suspension of trading and delisting of Valaris common stock
Valaris, the industry leader in offshore drilling services across all water depths and geographies, has announced that on August 19, 2020 it was notified by the New York Stock Exchange ('NYSE') of its determination to indefinitely suspend trading of the Company’s common stock and to commence proceedings to delist the Company’s common stock from the NYSE.
26 Aug 20
Australia: Empire Energy raises A$10m to progress Beetaloo Basin exploration
Empire Energy has announced that gross proceeds of A$10million has been raised through an unconditional single-tranche placement to institutional and sophisticated investors. Empire is now fully funded to execute drilling Carpentaria-1 in the Beetaloo Basin in the Northern Territory to begin in September 2020, and fracture stimulation and flow testing planned for Q2 2021.
26 Aug 20
Pharos Energy announces interim results for the half-year to 30 June 2020
Pharos Energy has announced its interim results for the six months ended 30 June 2020 and provided an update on its operations in Vietnam, Egypt and Israel. Group production remains in line with guidance for 2020 and the period saw real progress for the Group as it was granted an extension to its TGT and CNV licences in Vietnam.
26 Aug 20
President Energy announces operational and corporate update
President Energy, the energy company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has provided an operational and corporate update.
26 Aug 20
Australia announces 2020 Offshore Petroleum Exploration Acreage Release
Australia has announced the 2020 Offshore Petroleum Exploration Acreage Release, comprising 42 areas in Commonwealth waters off Western Australia, Victoria, Northern Territory and the Territory of Ashmore and Cartier Islands.
26 Aug 20
HEA wins Oil and Gas Advisor award in the 2020 Finance Monthly M&A Awards
Commercial Consultancy and Transaction Advisory company Holt Energy Advisors ('HEA') has been named the winner of 'Oil and Gas Advisor of the Year' as part of Finance Monthly's 2020 M&A Awards.
25 Aug 20
UK: Iberdrola’s largest wind farm comes into operation: East Anglia ONE, in UK waters
Iberdrola, through its subsidiary ScottishPower Renewables, has put into operation what is now the largest wind farm in its history and one of the world's largest of its kind: the East Anglia ONE offshore wind farm in British waters in the North Sea. With an installed capacity of 714 megawatts (MW), the 102 turbines that comprise it are already operational, producing clean energy for 630,000 British homes.
25 Aug 20
UK: Supply Chain focus boosted as OGUK creates new integrated directorate
OGUK, the leading representative body for the UK offshore oil and gas industry is driving its supply chain agenda forward by appointing Katy Heidenreich, director responsible for leading its supply chain and operations activities.
25 Aug 20
Italy: Saipem signs MoU with Agnes and Qint’X to develop wind farm in the Adriatic
Saipem will co-develop a wind farm in the Adriatic Sea off the coast of Ravenna. The Company has recently signed a Memorandum of Understanding (MoU) with AGNES, a company that develops renewable energy projects in the Adriatic Sea, and QINT’X, an Italian company specialising in renewable energy.
25 Aug 20
Turkey: Trillion Energy comments on TPAO's potential super giant gas field discovery proximate to the SASB gas field, offshore Turkey
Trillion Energy International has commented on TPAO's recent Tuna-1 gas discovery made proximate to its South Akcakoca Sub-Basin ('SASB') gas field, offshore Turkey, which is estimated to be the largest natural gas discovery in the Black Sea to date and potentially one of the largest in Europe in recent history.
25 Aug 20
Pakistan: OGDCL announces gas condensate discovery at Togh Bala-01 well
The Kohat joint venture, comprising Oil and Gas Development Company Limited (OGDCL) as operator, Mari Petroleum Company Limited (MPCL) and Saif Energy Limited (SEL), has made a gas and condensate discovery at the Togh Bala-01 exploration well, located in district Kohat, Khyber Pakhtunkhwa Province.
25 Aug 20
UK: Shell completes farm-in to Egdon Resources offshore licences P1929 and P2304
Egdon Resources as advised the completion of the Farm-In Agreement with Shell U.K. in respect of offshore licences P1929 and P2304 which contain the Resolution and Endeavour gas discoveries. Under the terms of the Farm-In Agreement, Shell will pay 85% of the costs of the acquisition and processing of the 3D seismic survey covering both the Resolution and Endeavour gas discoveries.
25 Aug 20
Brazil: Petrobras releases assets teaser in Rio Grande do Norte
Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in a set of twenty-six onshore and shallow water E&P concessions, located in the Potiguar Basin, in the state of Rio Grande do Norte, jointly called the Potiguar Cluster.
25 Aug 20
Magseis Fairfield reports results for the second quarter 2020
Magseis Fairfield delivered strong operational and financial performance in the second quarter 2020, with all crews performing according to plan despite challenging logistics during the pandemic.
24 Aug 20
US: Even at $40 WTI, about 150 more North American E&Ps will need Chapter 11 protection by end-2022 - Rystad Energy
The Covid-19 pandemic has added severe financial strain on a North American upstream industry that was already reeling under billions of dollars of debt. With WTI climbing past $40 a barrel, most exploration and production firms have been able to keep their head above water, but unless prices strengthen further about 150 more E&Ps will need to seek Chapter 11 protection through 2022, a Rystad Energy analysis shows.
24 Aug 20
Hibiscus Petroleum accelerates plans for acquisition of good-value, high-quality producing assets
Hibiscus Petroleum has released a Corporate and Business Update outlining the Group’s targets and initiatives as well as operational updates in conjunction with the release of its quarterly financial results. As established E&P players, especially those in Europe, assess their portfolios in light of an increasing focus on renewable energy, Hibiscus sees acquisition opportunities for good-value and high-quality producing assets.
24 Aug 20
Australia: Melbana reports increase in Beehive Prospective Resources - farmout still available
Melbana Energy has reported a modest increase in the Best Estimate Prospective Resource of the Beehive Prospect, located in WA-488-P. A farmout process is underway for potential drilling in late 2021.
24 Aug 20
UK: OGA hosts Central North Sea platform electrification talks
The Oil and Gas Authority (OGA) has hosted the first of a series of workshops on offshore power generation integration intended to bring the oil and gas industry and windfarm power industry together to seek practical ways of cutting greenhouse gas emissions.
24 Aug 20
Norway's oil production in July 0.8 percent higher than the NPD’s forecast
Norway's preliminary production figures for July 2020 show an average daily production of 2,062,000 barrels of oil, NGL and condensate. Oil production in June is 0.8 percent higher than the NPD’s forecast, and 0.1 percent below the forecast so far this year.
24 Aug 20
Norway: TGS acquires pioneering new OBN survey in Atlantic Margin
TGS has announced the successful deployment of a pioneering sparse ocean bottom node (OBN) survey in the Atlantic Margin off the coast of mid Norway. This initial study phase is being conducted primarily to provide proof of concept ahead of anticipated further survey proposals to further highlight hydrocarbon potential in the region.
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