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23 Jan 20
Nigeria: ADM Energy to increase its investment portfolio cross Nigeria and West Africa
AIM-listed ADM Energy, a company which currently holds an interest in OML 113, offshore Nigeria, which contains the Aje field, has oulined a strategy to build a larger investment portfolio of projects across Nigeria and West Africa in 2020 and beyond.
23 Jan 20
Kazakhstan: Condor Petroleum receives a further USD18.7 million for sale of oil fields in Kazakhstan
Condor Petroleum has announced the receipt of a further USD18.7 million of the sale proceeds for the Company’s previously announced sale of its Shoba and Taskuduk oilfields in Kazakhstan.
23 Jan 20
Ireland: Europa Oil & Gas provides update on farmout of FELs 4/19, 1/17 and 3/13 offshore Ireland
Europa Oil & Gas has provided an update on the farm-out process in respect of the Company’s 100% owned Frontier Exploration Licences (FELs) 4/19, 1/17 and 3/13 offshore Ireland. Discussions with several parties regarding the farm-out of the Licences are continuing.
23 Jan 20
Indonesia: Mubadala completes farmout of Andaman I and South Andaman PSCs to Premier Oil
Mubadala Petroleum has completed the farmout of a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs) to Premier Oil following Indonesian Government approvals.
23 Jan 20
Colombia: ION signs multi-client agreement for 2D and 3D programs offshore Colombia
ION Geophysical has entered into a multi-client agreement with Colombia’s National Hydrocarbon Agency, the ANH, granting rights to reprocess existing data and acquire new 2D and 3D multi-client programs offshore Colombia’s Caribbean coast.
22 Jan 20
Australia: Wilderness Society takes legal action against Equinor’s approval to drill the Bight
The Wilderness Society South Australia has announced that it has commenced legal proceedings in the Federal Court of Australia to challenge the environmental approval recently granted by NOPSEMA to Norway's Equinor to commence oil drilling in the Great Australian Bight Marine Park.
22 Jan 20
Colombia: Fugro partners with Colombian Maritime Authority to complete seep hunting study
Fugro and the Colombian Maritime Authority (Dirección General Maritima, DIMAR) have completed a joint environmental seep hunting study to help assess the country’s resource potential in the Caribbean Sea.
22 Jan 20
Malaysia: PGS data covers key block for Malaysia 2020 License Round
Key areas for the 2020 Malaysia Licensing Round are covered by the PGS Sabah MC3D program. Data is available to evaluate the petroleum potential of the highly prospective offshore Sabah province.
22 Jan 20
UK: Ocean Installer awarded UK Central North Sea Triton Area Development contract with Dana Petroleum
Dana Petroleum has awarded Ocean Installer a contract for work at the Triton Area Development, located in the Central North Sea.
22 Jan 20
Mexico: EMGS provides update on PEMEX multi-year acquisition contract
EMGS has announced that it has received a call-off for additional acquisition work associated with the two-year acquisition contract signed with PEMEX last year. The call-off consists of deep-water acquisition work and has a total value of approx. USD 3.4 million, excluding associated processing.
22 Jan 20
Australia: DOF Subsea awarded contracts in Australia
DOF Subsea has announced several contract-awards in the APAC region, securing further vessel and resource utilisation in Q1 and first part of Q2 2020. The contracts, for undisclosed clients in Australia, will see Skandi Singapore commence subsea project operations during Q1 2020 for two major operators in the region.
22 Jan 20
UK: TAQA secures Brae Area operatorship
Following the announcement by RockRose Energy regarding the transfer of operatorship of the Brae Area to TAQA Bratani, TAQA Europe Managing Director Donald Taylor said the owners of the Brae Fields look forward to obtaining the necessary regulatory approvals and to discussing arrangements to transition operatorship of the Brae fields to TAQA.
22 Jan 20
US: Oil Search's Mitquq-1 exploration well in Alaska encounters hydrocarbons
Oil Search reports that the Mitquq-1 exploration well, located 9 kms east of the proposed central processing facility for the Pikka Unit Nanushuk Development in Alaska, has intersected 60 metres of net hydrocarbon pay.
22 Jan 20
Gabon: VAALCO announces operational update including successfully restoring production at Etame 10H and Etame 4H wells
VAALCO Energy has provided an operational update on its 2019/2020 drilling program offshore Gabon. The Company has successfully completed a planned workover on the Etame platform for the Etame 10H well and restored 600 gross BOPD. Stabilized production rates of 1,000 gross BOPD have been achieved from the Etame 4H well brought online in December 2019.
22 Jan 20
SDX Energy provides operations and financial update and guidance for 2020
AIM-listed SDX Energy, the MENA-focused oil and gas company, has provided a year end 31 December 2019 operations and financial update and set out production and capex guidance for 2020.
22 Jan 20
Egypt: United Oil & Gas provides update on Abu Sennan ASH-2 well and Rockhopper acquisition timetable
AIM-listed United Oil & Gas has provided an update on the proposed acquisition of Rockhopper Egypt from Rockhopper Exploration, including further detail regarding the ASH-2 well which was recently drilled at Abu Sennan.
22 Jan 20
India: Shearwater GeoServices awarded Western Offshore India 3D campaign by ONGC
Shearwater GeoServices has been awarded a 3D broadband marine seismic acquisition campaign by ONGC in Western Offshore India. The project is scheduled to commence in Q1 2020.
22 Jan 20
Gabon: Panoro Energy announces completion of the second Tortue phase 2 development well, offshore Gabon
Panoro Energy has announced the successful completion of the DTM-5H well, the second of the phase 2 Tortue development wells on Dussafu permit, offshore Gabon.
22 Jan 20
Canada: Questerre closes acquisition of Quebec assets
Questerre Energy has received all approvals and has closed the acquisition of assets in Quebec pursuant to the purchase and sale agreement with a senior exploration and production company as set out in the Company’s press release dated March 7, 2019.
22 Jan 20
Senegal: FAR signs MoU with Glencore to market Sangomar field oil
FAR Limited has signed a binding Memorandum of Understanding ('MoU') with Glencore Energy (UK) for the full allocation of the Company’s share of crude oil from the Sangomar field.
21 Jan 20
Santos announces 2019 Q4 activities report
Santos delivered record annual production and revenues in 2019. The year was highlighted by highest ever free cash flow of more than $1.1 billion, record onshore drilling performance, lower unit production costs and significant progress on the Company's diversified portfolio of growth projects.
21 Jan 20
Saudi Arabia: Valaris provides update on ARO Drilling joint venture
Valaris has announced that ARO Drilling, its 50/50 joint venture with Saudi Aramco, has ordered two newbuild jackup rigs from International Maritime Industries. Upon delivery, each rig is expected to commence an eight-year contract with Saudi Aramco and operate at a day rate determined by a six-year EBITDA payback.
21 Jan 20
McDermott announces comprehensive prepackaged restructuring transaction
McDermott International has announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the Company's funded debt, eliminating over $4.6 billion of debt.
21 Jan 20
US: Otto Energy provides production update for Lightning field onshore Matagorda County, TX
Otto Energy has provided an update on the Green-1 production well at the Lightning field onshore Matagorda County, TX. Gross production from the Green-1 well increased to 14.3 MMscf/d gas and over 400 bbl/d of condensate with additional upside potential pending pressure stabilization.
21 Jan 20
UK: Egdon Resources completes P1929 and P2304 Farm-In Agreement with Shell U.K.
Egdon Resources has announced the signature of a Farm-In Agreement with Shell U.K. in relation to UK offshore licences P1929 and P2304 which contain the Resolution and Endeavour gas discoveries respectively.
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