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23 Jul 20
EMGS reports second quarter 2020 results
Electromagnetic Geoservices ('EMGS') has reported its second quarter 2020 results. The Company recorded revenues of USD 7.5 million, down from USD 14.5 million in the second quarter of 2019 and down from USD 11.3 million in the first quarter of 2020.
23 Jul 20
UK: IGas Energy commences water injection at Scampton North
IGas Energy has commenced water injection at its Scampton North field in the East Midlands, increasing production and increasing the amount of gas available for power generation.
23 Jul 20
Turkey: UKOG announces entry into potential high-impact Turkish oil appraisal and exploration project
UKOG has signed a binding heads of agreement with Aladdin Middle East, an independent oil company with 60 years of operational experience in Turkey, to take a 50% non-operated working interest in the 305 sq km Resan Licence. UKOG will take an active technical role in a 5-well oil appraisal and step-out exploration drilling programme.
23 Jul 20
TGS announces Q2 2020 Results
TGS has reported its Q2 2020 results. Despite the unprecedented weak market conditions in Q2, TGS generated improved cash flow from operations compared to Q2 2019.
23 Jul 20
Santos announces 2020 second quarter activities report
Santos reports record production volumes in the first half of 2020 and strong free cash flow of US$431 million, despite significantly lower oil prices.
22 Jul 20
UK: Share Fair webinar gives suppliers sight of business opportunities ahead
Major contractor Petrofac will be sharing its future project and activity plans with companies seeking new business opportunities at OGUK’s free Share Fair Spotlight webinar on August 4.
22 Jul 20
UK/France: Saipem awarded several new offshore wind contracts for a total value exceeding 90 million euros
Saipem has been awarded new offshore wind contracts, for projects currently under development off the coasts of England, Scotland and France, for a total value of over 90 million euros.
22 Jul 20
ENGIE and EDP create Ocean Winds JV
ENGIE and EDP Renováveis have announced the creation of Ocean Winds, a joint venture equally controlled by both companies in the floating and fixed offshore wind energy sector. The new company will act as the exclusive investment vehicle to capture marine wind energy opportunities around the world.
22 Jul 20
Norway: Aker BP given consent for drilling on the Ivar Aasen and Alvheim fields
Norway's Petroleum Safety Authority has given Aker BP consent to use the Maersk Integrator mobile drilling facility for production drilling on the Ivar Aasen field and the Deepsea Nordkapp mobile drilling facility for production drilling on the Alvheim field.
22 Jul 20
UK: Progressive TSL announce new implementation partnership with Jersey Oil and Gas
Progressive TSL has been selected by Jersey Oil and Gas to implement SunSystems, Infor EAM and Infor OS, finance and asset management solutions to support business growth.
22 Jul 20
Norway: Sleipnir breaks records at the Jotun field
Heerema’s SSCV Sleipnir has set another record – this time, for the largest single lift jacket removal. In the Norwegian North Sea, Sleipnir successfully removed the 8100 mT Jotun-B jacket for client Var Energi.
22 Jul 20
Polarcus announces second quarter and preliminary half year results 2020
Polarcus has released its second quarter and preliminary half year results 2020. Second quarter Segment revenues of USD 22.8 million decreased 65% compared to the same period last year as marine seismic acquisition activity was negatively impacted by the combined impacts of the COVID-19 pandemic and oil price volatility.
22 Jul 20
Trinidad: Predator Oil and Gas announces offer to acquire FRAM Exploration (Trinidad)
Predator Oil & Gas Holdings has announced its intent to exercise its option to acquire the entire outstanding issued share capital of FRAM Exploration (Trinidad).
22 Jul 20
UK: Oil & Gas Technology Centre and Offshore Renewable Energy Catapult create alliance to fast-track energy transition
Two leading energy technology and innovation organisations, The Oil & Gas Technology Centre (OGTC) and the Offshore Renewable Energy (ORE) Catapult, have announced a five-year collaboration to deliver next generation energy technologies and accelerate the United Kingdom’s transition to a net zero future.
21 Jul 20
DNV GL launches hydrogen industry consortium to reduce carbon emissions from manufacturing
DNV GL has launched an international industry consortium in collaboration with Dutch glass production expert company Celsian to develop the technology required for a gradual transition from natural gas to hydrogen as a fuel in energy-intensive industrial production processes.
21 Jul 20
Russia: Gazprom Neft and Shell launch joint project for development of a major hydrocarbon cluster on Gydan peninsula
Gazprom Neft and Shell have signed an agreement to establish a joint venture to study and develop the Leskinsky and Pukhutsyayakhsky license blocks on the Gydan Peninsula.
21 Jul 20
BW Offshore receives contract extension for Petroleo Nautipa
BW Offshore has received a one-year contract extension for the lease and operation of the FPSO Petróleo Nautipa. The FPSO is operating on the Etame field offshore Gabon for VAALCO Energy.
21 Jul 20
Qatar: Fugro completes Phase 1 of site investigation contract for Qatargas North Field
Fugro has completed the first phase of their multidisciplinary offshore site investigation for Qatargas’ North Field Production Sustainability’s Compression Phase.
21 Jul 20
US: 88 Energy provides report on activities for the quarter ended 30 June 2020
88 Energy has provided a report on activities for the quarter ended 30 June 2020, including Project Icewine, its off-market takeover bid for XCD Energy, and plans to monetise the Company's Yukon acreage.
21 Jul 20
Ukraine: JKX granted licence extension for the Zaplavska field
JKX Oil & Gas has announced that the Poltava Petroleum Company, its Ukrainian subsidiary, has been granted a new special permit for the Zaplavska field for the purpose of oil and gas production for a period of 20 years.
21 Jul 20
Romania: ADX Energy provides update on flow test operations at the Iecea Mica-1 well, onshore Romania
ADX Energy has advised that there has been a delay to ongoing well flow testing programs at the Iecea Mica-1 (IMIC-1) well site at the Iecea Mare Production License onshore Romania due to the reinstatement of COVID-19 border restrictions in Romania.
21 Jul 20
Santos announces non-cash impairment
Santos expects to recognise a non-cash impairment charge in the range of US$700-800 million before tax (US$490-560 million after tax) in the 2020 half-year results to be released on 20 August 2020. The impairment charge is due to revised oil price assumptions resulting from the effects of the COVID-19 pandemic on energy market demand fundamentals.
20 Jul 20
Halliburton announces second quarter 2020 results
Halliburton has announced a net loss of $1.7 billion for the second quarter of 2020. This compares to a net loss for the first quarter of 2020 of $1.0 billion.
20 Jul 20
Canadian Overseas Petroleum announces GBP 1,300,000 placing and successful shares for debt proposal
Canadian Overseas Petroleum (COPL), an international oil and gas exploration and development company focused on sub-Sahara Africa, has entered into agreements with two institutional investors and two high net worth private investors to raise gross proceeds of £1,300,000 in a non-brokered private placement.
20 Jul 20
Liberia responds to Covid-19 impact on the oil industry - adjusts bid evaluation criteria to lure investment in the Harper Basin
Liberia has made significant adjustments to its bid evaluation criteria for the 2020 Offshore Licensing Round for the Harper Basin. The modifications are in response to the devastating impact of Covid-19 on the global price of oil, share price of E&P companies, and the sensitivity of the Government of Liberia towards mitigating this impact and attracting international investment in the Harper Basin.
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