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11 Nov 19
Norway: Wintershall Dea given consent for exploration drilling in the Norwegian Sea
Norway's Petroleum Safety Authority has given Wintershall Dea consent for the drilling of two exploration wells in the Norwegian Sea. The wells 6604/5-2 S and 6604/6-1 will be drilled in production licence PL 894 and will test the Balderbra and Gullstjerne prospects.
11 Nov 19
Australia: Comet Ridge to undertake strategic review of assets
Comet Ridge has announced that, in light of the many recent milestones that the Company has achieved, it has embarked upon a Strategic Review of the Company and its multiple Australian assets.
11 Nov 19
Columbus Energy Resources announces medium-term funding agreement of up to USD4.5 million
Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, has agreed to terms for a new Convertible Loan Agreement with Lind Global Macro Fund an entity managed by The Lind Partners to provide access to additional funds.
11 Nov 19
UAE: ADNOC to launch ICE Futures Abu Dhabi - a new futures exchange
Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, has announced that Abu Dhabi National Oil Company (ADNOC) and nine of the world’s largest energy traders are partnering with ICE on the launch of ICE Futures Abu Dhabi, a new exchange in Abu Dhabi Global Market that will host the world’s first Murban crude oil futures contracts.
11 Nov 19
Australia: Woodside approves Pluto-NWS interconnector pipeline
Woodside has taken a final investment decision on the pipeline component of the Pluto-North West Shelf (NWS) Interconnector, which will connect Pluto LNG and the NWS Project’s Karratha Gas Plant and is the first component of the infrastructure needed to transport gas between the two facilities.
11 Nov 19
Australia: NOPSEMA requests Equinor modifies and resubmits its environment plan for proposed Great Australian Bight drilling
NOPSEMA has issued a notice to Equinor requiring them to modify and resubmit their environment plan for proposed drilling in the Great Australian Bight.
11 Nov 19
UK: Ithaca Energy completes the USD2 billion acquisition of Chevron North Sea
Ithaca Energy has completed the USD2 billion acquisition of Chevron North Sea. The transaction provides a material and important step up in the scale and breadth of the Company’s asset base, adding ten additional producing field interests to the existing portfolio, along with a wider portfolio of investment opportunities.
11 Nov 19
Somaliland: Genel Energy increases interest in onshore Somaliland SL10B13 block - farmout process underway
Genel Energy has announced that it has increased its stake in the SL10B13 block, onshore Somaliland, to 100 percent, having acquired East Africa Resource Group’s 25 percent stake. As previously announced, a farm-out process relating to the block is now underway, with Stellar Energy Advisors appointed to run the process.
11 Nov 19
SeaBird announces new OBN source contract in Eastern Hemisphere
SeaBird Exploration has announced receipt of a letter of intent for the exclusive provision of source vessel services for an OBN survey in the Eastern Hemisphere. The survey is expected to start in Q1 2020.
11 Nov 19
Norway: Aker BP and partners approve AErfugl Phase 2 development
The AErfugl partners have decided to proceed with Phase 2 of the AErfugl project in the Norwegian Sea, three years ahead of the original plan. The AErfugl field, which produces via Skarv FPSO, is one of the most profitable development projects on the Norwegian shelf with a break-even price of around USD 15 per barrel (converted from gas).
11 Nov 19
UK: Union Jack Oil announces upgraded Operator volumetrics for West Newton PEDL183
AIM-listed Union Jack Oil has announced an update from Rathlin Energy (UK) in respect of the estimated in-place oil and gas volumetrics of the Kirkham Abbey reservoir in the West Newton project area, contained within PEDL183.
11 Nov 19
Timor Leste: SundaGas signs the TL-SO-19-16 PSC, offshore Democratic Republic of Timor-Leste
Timor Leste's Ministry of Petroleum and Minerals has signed a Production Sharing Contract (PSC) TL-SO-19-16 with SundaGas and TIMOR GAP, E.P. the national oil company of Timor-Leste. The concession contains the Chuditch gas discovery.
11 Nov 19
Australia: Strike Energy announces 1,185 BCF contingent resource estimate for West Erregulla
JV partner Warrego Energy has advised that the Operator of EP469, Strike Energy, has released an initial 2C Contingent Resources estimate of 1,185BCF for the Kingia and High Cliff Sandstones and updated its Prospective Resource estimate for the Wagina Sandstones at West Erregulla, located onshore Perth Basin, Western Australia.
10 Nov 19
Iran says finds new oil field with 53 billion barrels of crude
Iran has discovered a new oil field in the southwest of the country that has the potential to boost its reserves by about a third, President Hassan Rouhani said on Sunday. Rouhani said that the National Iranian Oil Company had found an oil field with 53 billion barrels of reserves in the oil-rich Khuzestan province.
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