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15 Jan 20
Australia: Vintage Energy announces new field gas discovery at Nangwarry-1
The operator of the Otway Basin Joint Venture, Otway Energy, has advised that the drilling of the Nangwarry-1 well has resulted in a new field gas discovery, with the well currently being cased for further evaluation and testing.
15 Jan 20
PNG: Searcher Seismic announces completion of Gulf of Papua Prospectivity Study
Searcher Seismic has announced the expansion of its modern offshore data library with the completion of the Gulf of Papua Prospectivity Study in Papua New Guinea.
15 Jan 20
Norway: Aker Solutions awarded FEED contract for electrification of Equinor’s Troll B and C platforms
On behalf of the Troll partners, Equinor has awarded Aker Solutions a front-end engineering and design contract (FEED) for topside modifications to accommodate power from shore at the Troll B and C platforms.
14 Jan 20
Kazakhstan: Sparrows awarded five-year Tengiz inspection contract
Sparrows Group has secured a five-year contract with Tengizchevroil to deliver specialist lifting inspection services for the Tengiz field in Kazakhstan.
14 Jan 20
A new offshore investment cycle is in the making - Rystad Energy
In retrospect, 2019 was another strong year for offshore exploration and production companies. Free cash flow remained strong and telltale signs have emerged that we are entering a new offshore investment cycle. This trend was perhaps illustrated most profoundly by the rising swell of offshore project approval activity by operators in 2019, according to research by Rystad Energy.
14 Jan 20
Norway: Lundin Petroleum awarded 12 licences in Norway's APA 2019 licensing round
Lundin Petroleum has announced that its wholly owned subsidiary Lundin Norway has been awarded a total of 12 exploration licence interests in the 2019 Awards in Predefined Areas (APA) licensing round, in Norway.
14 Jan 20
Norway: DNO receives 10 awards in Norway's APA 2019 licensing round
DNO has been awarded participation in 10 exploration licenses, of which two are operatorships, under Norway's Awards in Predefined Areas (APA) 2019 licensing round.
14 Jan 20
Norway: Pandion Energy awarded two new licenses in APA 2019
Pandion Energy has been awarded two licenses under the 2019 Norwegian APA (Awards in Pre-defined Areas) License Round on the Norwegian Continental Shelf.
14 Jan 20
Norway: OKEA awarded five licenses in APA 2019
OKEA has been awarded 5 new licences on the Norwegian Continental Shelf by the Ministry of Petroleum and Energy under the Award in Pre-Defined Areas (APA) for 2019, strengthening the company’s position around the important Draugen and Grevling production and development hubs in the Norwegian Sea and North Sea, respectively.
14 Jan 20
Norway: Equinor awarded 23 new production licences on the Norwegian continental shelf in APA 2019
Equinor has been awarded 23 new production licences by the Ministry of Petroleum and Energy during the awards in predefined areas (APA) 2019. 14 of the licences are Equinor-operated and 9 are partner-operated.
14 Jan 20
Norway: Aker BP awarded 15 licenses in APA 2019
Aker BP has been offered interests in 15 new production licenses in Norway, of which 9 as operator, through the awards in pre-defined areas (APA 2019) licensing round.
14 Jan 20
US: TGS purchases North Slope Alaska 3D seismic surveys
TGS has completed the purchase of four 3D seismic surveys in the North Slope region of Alaska. The newly acquired seismic programs provide modern high-resolution imaging which encompass 1,606 sq kms with an additional 632 sq kms to be acquired in 2020.
14 Jan 20
Angola/Namibia: Maersk Drilling selected by Total to drill at world record water depth in Angola-Namibia campaign
Maersk Drilling has been awarded contracts for a three-well exploration drilling project by Total. Maersk Voyager will be employed offshore Angola and Namibia for a campaign which includes the deepest water depth ever drilled offshore. The project includes two wells offshore Angola in Blocks 32 and 48, plus one well offshore Namibia.
14 Jan 20
Norway offers 69 production licenses on the Norwegian continental shelf in APA 2019
The Norwegian Ministry of Petroleum and Energy has offered 69 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2019 (APA 2019).
14 Jan 20
Lekoil provides update on fraudulent USD184 million loan agreement
Lekoil has announced that, based on all information currently available to Lekoil, the USD184m loan agreement announced on 2 January 2020 by the Company, purportedly with the Qatar Investment Authority, appears to have been fraudulent. The Company will now seek alternative funding for the future development of OPL 310 as a priority.
14 Jan 20
Thailand: Shelf Drilling announces contract for recently acquired jack-up rig Shelf Drilling Enterprise
Shelf Drilling has secured a contract for its recently acquired high-specification jack-up rig, Shelf Drilling Enterprise, with Chevron Thailand Exploration and Production for operations in the Gulf of Thailand.
14 Jan 20
Norway: ConocoPhillips makes minor oil and gas discovery near the Balder field in the North Sea - 25/7-8 S
ConocoPhillips has concluded the drilling of wildcat well 25/7-8 S in PL 917. The well, drilled about 10 kms northwest of the Balder field in the central part of the North Sea, encountered several oil and gas bearing intervals and preliminary estimates place the size of the discovery at between 1 and 5 million standard cubic metres (Sm3) of recoverable oil equivalent.
14 Jan 20
Jamaica: United Oil & Gas announces update on Walton Morant licence, offshore Jamaica
JV partner United Oil & Gas has announced that the Initial Exploration Period for the Tullow-operated Walton Morant licence, during which a drill or drop decision is required, has been extended by a further six months. A farm-down effort being led by Tullow is in progress, with the aim of bringing in an additional partner(s) for exploration drilling in 2021 on the Colibri prospect.
14 Jan 20
UK: Serica Energy announces corporate update
Serica Energy reports strong performance and achievement in 2019, establishing the Company's position as a leading UK independent producer, with no borrowings, low decommissioning liabilities and in a strong cash position.
14 Jan 20
Iraq: Genel Energy provides update on Tawke PSC
Genel Energy reports that, at Tawke, 2019 production stood at 68,800 bopd, with wells drilled last year contributing 13 percent of field production at year end. At Peshkabir, 2019 production stood at 55,200 bopd, with wells drilled in 2019 contributing 40 percent of field production at year end.
14 Jan 20
DNO operations update: 2019 production climbs 29 percent on the back of acquisitions, record drilling
DNO, the Norwegian oil and gas operator, has announced a 29 percent year-on-year increase in its net Company Working Interest (CWI) production in 2019 to 104,800 barrels of oil equivalent per day (boepd) on the back of acquisitions and a record drilling campaign.
14 Jan 20
Polarcus reports redelivery of Vyacheslav Tikhonov postponed
Polarcus has agreed with Sovcomflot to postpone the redelivery of the Vyacheslav Tikhonov until the completion of work which Sovcomflot has been awarded by a third party in Asia.
14 Jan 20
Australia: Metgasco reports gas at the Vali-1 ST1 well in ATP 2021 in the Cooper Basin
Metgasco reports that the Vali-1 ST1 well in ATP 2021 in the Cooper Basin has reached a TD of 3,217m MD and that wireline logs indicate gas saturation in multiple sands in the primary Patchawarra Formation target.
13 Jan 20
SBM’s first completed Fast4Ward hull arrives in Singapore
After a journey of 2,300 nautical miles, the Fast4Ward hull has safely arrived at Keppel yard in Singapore from China. This is SBM Offshore’s first generic hull, the Multi-Purpose Floater (MPF1) in its series of hulls currently under construction. The MPF1 hull was allocated to the Liza Unity FPSO for offshore Guyana, following Final Investment Decision (FID) by ExxonMobil, Hess and CNOOC in May 2019.
13 Jan 20
CNOOC Limited announces its 2020 Business Strategy and Development Plan
CNOOC Limited has announced its business strategy and development plan for the year 2020. The Company’s targeted net production for 2020 is 520 million to 530 million barrels of oil equivalent (BOE), of which, production from China and overseas accounts for approx. 64% and 36%, respectively.
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