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23 Jun 20
Norway: The North Sea - New times, new methods and new opportunities - NPD
More than 50 years have passed since the first commercial discovery of oil was made in the North Sea. The gigantic Johan Sverdrup field – which started production in 2019 – will produce for the next 50 years according to plan. There are still vast remaining resources on the Norwegian Shelf, and there is a high level of activity in the North Sea – both within exploration, development and operation.
23 Jun 20
BP invests USD5 million in geospatial analytics company Satelytics
BP Ventures has invested $5 million in Satelytics, a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes, including methane emissions.
23 Jun 20
Russia: LUKOIL starts drilling at new North Caspian prospects
LUKOIL has started exploration and production drilling at prospects and fields in the northern areas of the Caspian Sea.
23 Jun 20
Norway: Equinor awards TechnipFMC assignments worth up to NOK 1.8 billion
Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for three projects on the Norwegian continental shelf. The projects in scope are Breidablikk and the Gas Import System for the Snorre Expansion Project, for which contracts have been awarded, and Askeladd Vest, for which a letter of intent has been issued. The total value of the three assignments, including the option, is about NOK 1.8 billion.
23 Jun 20
Morocco/Egypt: SDX Energy provides update on drilling operations in Morocco and Egypt
SDX Energy, the MENA-focused oil and gas company, has provided an update on its operations in Egypt and Morocco following the recent drilling successes, which have resulted in a post-drilling extension of plateau production at South Disouq and de-risked prospectivity in both Egypt and Morocco.
23 Jun 20
Canada: i3 Energy exercises option to acquire Toscana Energy Income Corp
i3 Energy exercises option to acquire Toscana Energy Income Corporation. The strategic production acquisition provides a platform to execute on a strategy for the rapid growth of a Canadian onshore production portfolio.
23 Jun 20
Vietnam: KrisEnergy announces extension of long stop date for farmout of Vietnam Block 115/09
KrisEnergy has extended the long stop date to 30 September 2020, or such later date as may be agreed in writing between parties, for the completion of the previously announced farmout of its 100% interest in the Block 115/09 production sharing contract, offshore Vietnam.
23 Jun 20
Australia: Government moves to strengthen resources exploration
The future of Australia's resources sector has been bolstered, with the Government investing a further $125 million in a world-leading exploration-stimulation program that will expand its reach to cover the whole of Australia. The Government’s investment adds to the $100 million previously spent on Geoscience Australia’s Exploring for the Future (EFTF) program to drive investment, generate jobs and secure the future of the resources sector.
22 Jun 20
UK: Industry giants back ORE Catapult’s Floating Offshore Wind Centre of Excellence
Ten of the world’s leading offshore energy organisations have joined the Offshore Renewable Energy (ORE) Catapult’s national Floating Offshore Wind Centre of Excellence (FOWCoE) to drive forward the development of next-generation offshore wind technologies.
22 Jun 20
Italy: Eni acquires three wind projects in Italy for a total of 35 MW
Eni, through its subsidiary Eni New Energy, a group company that operates in Italy, has acquired from Asja Ambiente Italia 100% of the shares in CDGB Enrico, CDGB Laerte e Wind Park Laterza. The three wind farms, that will be built in Comune di Laterza, in the Puglia region, have a peak capacity of 35.2 MW and are expected to produce approx. 81 GWh annually, avoiding around 33,400 tonnes of CO2 emissions per year.
22 Jun 20
UK: McDermott awarded pre-FEED for NET Power UK project
McDermott International has been awarded a sizeable Pre Front End Engineering Design (preFEED) contract from 8 Rivers Capital for their NET Power UK project with the UK Department for Business, Energy and Industrial Strategy.
22 Jun 20
GoM: Talos Energy acquires Gulf of Mexico assets from Castex
Talos Energy has announced the bolt-on acquisition of 16 selected assets, located in the Company's U.S. Gulf of Mexico Shelf core area, from affiliates of Castex Energy 2005.
22 Jun 20
Norway: Spirit Energy granted drilling permit for well 16/1-33 S in PL 780
The Norwegian Petroleum Directorate has granted Spirit Energy Norway a drilling permit for wildcat well 16/1-33 S in production licence PL 780. The well will be drilled about 5 kms north of the Ivar Aasen field in the central part of the North Sea.
22 Jun 20
Seadrill transitions to quotation on OTC Capital Markets
Seadrill has announced that, as part of the delisting of its common shares from the New York Stock Exchange (NYSE), it has completed its transition to the United States’ OTCQX Market. The Oslo Bors will now become Seadrill’s primary listing.
22 Jun 20
Ukraine: Cadogan Petroleum resumes production from Resumption of production from Blazhiv-3 and Blazhiv-3-Monastyrets
Cadogan Petroleum and Ukrnafta have signed the two lease contracts’ prolongation for the wells of Blazhiv-3 and Blazhiv-3-Monastyrets and production has resumed from the two wells, which were shut down since November 2019.
22 Jun 20
JERA teams up with ADEME and IDEOL to develop commercial scale floating offshore wind projects
JERA (Japan’s largest utility company) and French companies, ADEME INVESTISSEMENT and IDEOL, have agreed on the key terms for the establishment of an investment vehicle dedicated to the financing of the development phase of at least 2 GW of projects using IDEOL’s patented Damping Pool technology.
22 Jun 20
Polarcus announces organisation reshape
Polarcus has announced a program of action to streamline the organisation and adjust operational capacity to align with current market conditions and the near-term outlook, while preserving the Company’s established foundations.
21 Jun 20
Egypt: Cheiron announces first oil achieved from the GNN discovery in the Southern Gulf of Suez, Egypt
Cheiron has announced that the GNN-4 well, which was drilled to appraise the recent GNN oil discovery, has been completed and successfully tested at initial rates of over 2,000 bopd. The discovery, which contains an estimated 260 MMbbls of oil in place, is located on the Geisum and Tawila West Concession.
21 Jun 20
Norway: Equinor given consent for exploration drilling (pilot hole) in Block 34/7 in the North Sea
Norway's Petroleum Safety Authority has given Equinor consent consent for exploration drilling (pilot hole) in Block 34/7 in the North Sea. Well 34/7-U-26 will be drilled to test a prospect named 7 Fjell, in production licence PL 089.
21 Jun 20
Brazil: Petrobras releases E&P teaser for the sale of its stake in the Ceara Cluster shallow water fields
Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Atum, Curima, Espada and Xareu fields, maritime production concessions in shallow waters located in the Mundau sub-basin, in the State of Ceara.
21 Jun 20
Global oilfield services demand set for a 25 per cent decline in 2020 - Rystad Energy
Global demand for oilfield services (OFS), measured in the total value of exploration and production (E&P) company purchases, is set for a massive 25% yearly drop in 2020 as a result of the Covid-19-caused downturn, a Rystad Energy analysis shows.
21 Jun 20
UK: The Crown Estate 2019 Offshore Wind Operational Report demonstrates strength and maturity of the UK offshore wind industry
Less than 20 years on from the first offshore turbines being installed in British waters at Blyth in Northumberland, the UK remains number one in the world for offshore wind installed capacity, a testament to the professionalism and vitality of the UK offshore wind sector.
21 Jun 20
Norway's production decreases in May 2019
Norway's preliminary production figures for May 2020 show an average daily production of 2,029,000 barrels of oil, NGL and condensate, which is a decrease of 78,000 barrels per day compared to April.
19 Jun 20
Australia: Chevron puts stake in North West Shelf LNG venture up for sale
Chevron is looking to sell its 16.6 per cent stake in Australia's largest and longest-running liquefied natural gas project, the $34 billion North West Shelf joint venture.
19 Jun 20
Australia: Armour Energy announces initial results of capital raising
Armour Energy has provided an update in relation to the Company’s capital raising program. The total of funds secured to date under the capital raising program is presently in excess of $8 million, which will be used for the purposes of progressing the Kincora Project area well intervention and work program.
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