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05 Dec 19
Australia: Buru Energy assumes 100 percent equity in three key Canning Basin exploration permits
Buru Energy has reached agreement with Roc Oil for Roc to withdraw from its current 50 percent interest in Canning Basin exploration permits EP428, EP 436 and EP 391. The withdrawal is covered by the terms of the 2018 Farm-in Agreement between Buru and Roc.
05 Dec 19
BP goes all-in on AWS for its European mega data centers
Amazon Web Services (AWS), an Amazon.com company, has announced that BP is closing its European mega data centers and migrating all data and 900 key applications currently hosted there to AWS, as part of a company-wide program to accelerate the digitization of its infrastructure and operations.
05 Dec 19
Australia: Cooper and Beach commence four well Butlers appraisal program
Cooper Energy has announced a 4 well appraisal program of the Butlers oil field by the PEL 92 joint venture commenced on 3 December with the spudding of Butlers-10. Cooper Energy has a 25 percent interest in the joint venture with the balance held by the Operator, Beach Energy.
04 Dec 19
Canada: TGS commences onshore seismic acquisition for additional Montney Basin 3D Project in Canada
TGS has announced the commencement of its 2020 South Halfway 3D onshore seismic survey, amplifying its core position in the Inga/Fireweed area of North East British Columbia in Canada.
04 Dec 19
Non-OPEC production is growing at record speed - Rystad
Oil production from non-OPEC countries is expected to grow at record speed in 2020, creating a headache for the Organization of the Petroleum Exporting Countries (OPEC), which is scheduled to meet this week in Vienna to discuss extending oil production cuts.
04 Dec 19
GoM: Byron Energy acquires funds for the construction of the production platform at SM58 in the Gulf of Mexico
Byron has signed and closed a binding Secured Promissory Note for USD15 million with Crimson Midstream, a Carlyle Group Portfolio company to fund the construction of the production platform at SM58 in the Gulf of Mexico.
04 Dec 19
Australia: Santos conditionally exercises Beehive option - looks to farm out
Santos has conditionally exercised its option to acquire an 80 percent interest in Melbana Energy's WA-488-P, the permit containing the Beehive prospect, subject to satisfaction of certain conditions subsequent being met, which includes a farm out of part of its right to acquire a participating interest in the Permit to a third party.
04 Dec 19
Iraq: Gazprom Neft increases production in the Kurdistan Region of Iraq
Gazprom Neft subsidiary Gazprom Neft Middle East has produced 23 million barrels of oil since starting commercial production at the Sarqala field in the Kurdistan Region of Iraq. Daily liquid hydrocarbon production is currently running at 30,500 barrels per day.
04 Dec 19
Russia: Gazprom Neft and Repsol expand their exploration cluster in the Khanty-Mansi Autonomous Okrug
Gazprom Neft and Repsol are developing a joint venture to conduct geological exploration at six licence blocks in the Karabashsky zone of the Khanty-Mansi Autonomous Okrug.
04 Dec 19
Var Energi teams up with Capgemini
Var Energi has signed a partnership agreement with Capgemini to accelerate digital transformation. Under the agreement, Capgemini will support Var Energi’s digital transformation program, including delivery of digital services, to enable Var Energi to benefit from the full digital potential.
04 Dec 19
Australia: Santos releases initial ‘concept select’ information for the proposed liquids development for the Dorado Project
JV partner Carnarvon Petroleum has advised that the Operator of the Dorado Project, Santos, has today released initial ‘concept select’ information with respect to the proposed liquids development for the Dorado Project.
04 Dec 19
Malaysia: EnQuest awarded Block PM409 PSC offshore Malaysia
EnQuest has been awarded the Block PM409 Production Sharing Contract in partnership with PETRONAS Carigali by PETRONAS. The Block is located offshore Peninsular Malaysia and is contiguous to the Group’s existing PM8/Seligi PSC.
04 Dec 19
Australia: Armour Energy and Santos execute South Nicholson Basin farmin agreement
Armour Energy and Santos have formally executed the Farmin Agreement covering Armour’s South Nicholson Basin oil and gas exploration project in Northern Australia.
03 Dec 19
Norway: ConocoPhillips given consent for use of West Linus at the Tor field
Norway's Petroleum Safety Authority has given ConocoPhillips consent to use the West Linus mobile facility for production drilling on the Tor field. The consent covers the drilling and completion of eight production wells in connection with the new development of the Tor field (Tor II).
03 Dec 19
UK: Industry report calls for urgent action to progress UK carbon capture and storage
A comprehensive report into the changing energy landscape has called for urgent action to progress low carbon technologies critical to the UK and Scottish Government’s net zero ambitions.
03 Dec 19
Dominican Republic: Apache awarded SP2 offshore block in Dominican Republic's first oil and gas licensing round
The Dominican Republic's First Oil and Gas Licensing Round was concluded November 27 with the award to Apache Dominican Republic Corp, a subsidiary of Apache Corp, of the SP2 block offshore in the San Pedro de Macorís basin.
03 Dec 19
Global oil stocks will balloon if OPEC fails to agree on deeper production cuts - Rystad
Barring additional oil production cuts by OPEC in 2020, Rystad Energy forecasts a substantial build of global crude stocks and a corresponding drop in oil prices.
03 Dec 19
Gabon: VAALCO puts Etame 9H development well on production
VAALCO Energy has successfully completed the Etame 9H development well including approx. 1,000 feet of horizontal section in the Gamba reservoir. The well has been brought onto production at a stabilized flow rate of 5,500 gross barrels of oil per day (BOPD), 1,500 net BOPD to VAALCO.
03 Dec 19
Australia: Cooper Energy announces successful conclusion of the Callawonga appraisal drilling campaign
Cooper Energy has announced the successful conclusion of the four well appraisal program at the Callawonga oil field, Cooper Basin, South Australia by the PEL 92 Joint Venture.
03 Dec 19
Magseis Fairfield defeats Seabed Geosolutions’ challenge of seismic node patent
Magseis Fairfield has announced that the Patent Trial and Appeal Board of the U.S. Patent & Trademark Office issued a Final Written Decision rejecting Seabed Geosolutions’ attack on the validity of U.S. Patent RE45,268 (the ’268 Patent)
03 Dec 19
Italy: Coro Energy announces disposal of Italian Portfolio
Coro Energy, the Southeast Asian focused upstream oil and gas company, has announced that the Group has entered into a conditional sale and purchase agreement with Zenith Energy for the proposed disposal by Coro of its entire Italian Portfolio for a total consideration of GBP 3.9 million.
03 Dec 19
Senegal: Development and Exploitation plan submitted for Sangomar Field offshore Senegal
FAR Limited, as part of the Rufisque Sangomar and Sangomar Deep (RSSD) joint venture has advised that the final Sangomar Field Development and Exploitation Plan was submitted to the Government of Senegal, in Dakar on 2 December 2019.
03 Dec 19
Santos upgrades 2025 production target to 120 mmboe
Santos has lifted its 2025 production target further to 120 million barrels of oil equivalent (mmboe), more than double 2018’s output. The new target, up from 100 mmboe set in 2018, represents a cumulative annual growth rate in production of over 8 percent to 2025.
02 Dec 19
Russia: Gazprom commences pipeline supplies of Russian gas to China
Gazprom reports that the start of the first-ever pipeline supplies of Russian gas to China via the eastern route – the Power of Siberia gas trunkline - have started.
02 Dec 19
Suriname: Apache provides operational update on the Maka Central-1 well offshore Suriname
Apache Corp has updated the status of its first exploratory well in Block 58 offshore Suriname. The Maka Central-1 well is located on trend with Exxon’s Stabroek block offshore Guyana.
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