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07 Jan 20
Falklands: Rockhopper signs Heads of Terms with Navitas to farm-in to Sea Lion
Rockhopper Exploration and Premier Oil have signed a detailed Heads of Terms with Navitas Petroleum to farm in for a 30 per cent interest in the Sea Lion project in the North Falkland Basin. In addition, Rockhopper and Premier have agreed certain amendments to their existing commercial arrangements.
07 Jan 20
Egypt: SDX Energy announces reserves upgrade at South Disouq
SDX Energy has announced a 35 percent increase in 2P reserves, to gross 89 BCFE from gross 66 BCFE, at its operated South Disouq concession located onshore Egypt.
07 Jan 20
Gambia: Shearwater GeoServices awarded Gambia 3D seismic project by FAR
Shearwater GeoServices has been awarded a 3D Isometrix seismic acquisition project by FAR Gambia. The survey will cover parts of Block A5 offshore Gambia in the rapidly emerging and prolific Mauritania, Senegal, Gambia, Guinea-Bissau, Conakry ('MSGBC') Basin.
07 Jan 20
Premier Oil announces trading and operations update
Premier Oil has provided a Trading and Operations Update ahead of its 2019 Full Year Results. Premier’s strong operational performance in 2019 has generated significant free cash flow for the Group enabling it to materially reduce its debt levels and to invest selectively in its portfolio for future growth.
07 Jan 20
UK: Premier Oil announces proposed UK North Sea acquisitions
Premier Oil has announced the proposed acquisitions of the Andrew Area and Shearwater assets from BP for USD625 million, and an additional 25 per cent interest in the Premier operated Tolmount Area from Dana for USD191 million plus contingent payments of up to USD55 million.
07 Jan 20
Norway: Neptune Energy Norge given consent for exploration drilling in Block 6507/8 in the Norwegian Sea
Norway's Petroleum Safety Authority has given Neptune Energy Norge consent for exploration drilling in Block 6507/8 in the Norwegian Sea. Well 6507/8-10 will be drilled in production licence PL 889 and will test a prospect named Grind.
07 Jan 20
Australia: Metgasco provides update on Vali-1 well in ATP 2021 in the Cooper Basin
Metgasco reports high gas shows have been observed over substantial thicknesses in a number of intervals in the Nappamerri Group and two thinner intervals in the Toolachee sands in the Vali-1 well which is being drilled by Vintage Energy following its farm-in.
06 Jan 20
US: TGS purchases U.S. onshore petrophysical log database from Petrophysical Solutions
TGS has announced the purchase of all U.S. onshore petrophysical log database and associated intellectual property from Petrophysical Solutions, Inc.
06 Jan 20
Qatar: Qatar Petroleum and Kuwait Petroleum sign agreement to supply LNG to Kuwait
Qatar Petroleum and Kuwait Petroleum have entered into a long term Sale and Purchase Agreement for the supply of up to 3 million tons per annum of Liquefied Natural Gas (LNG) to the State of Kuwait.
06 Jan 20
Somalia: Somalian parliament approves new petroleum law - minister
The upper house of Somalia’s parliament has approved a new petroleum law, which aims to provide a regulatory framework that will help to attract investment in exploration by major oil companies.
06 Jan 20
Israel: Zion Oil and Gas sourcing rig for 2020 drilling onshore Israel
Zion Oil and Gas has announced that it is actively sourcing a drilling rig for 2020 operations at its Megiddo-Jezreel license, onshore Israel.
06 Jan 20
Occidental announces successful strategic and financial initiatives
Occidental Petroleum has provided an update on its execution against key strategic and financial initiatives designed to maximize shareholder value following the close of its acquisition of Anadarko Petroleum on August 8, 2019.
06 Jan 20
US: Reabold Resources preparing to test VG-6 well, West Brentwood Licence, California
Reabold Resources has provided an update on the drilling activity at the VG-6 well located in its West Brentwood licence in California. The drilling rig has now been released and a workover rig is being contracted to commence the testing programme.
06 Jan 20
Iraq: Genel Energy provides update on Taq Taq PSC
Genel Energy has announced an update on activity at the Taq Taq field as testing of the TT-34 well is nearing completion. The well has produced from all zones tested, at a maximum combined flow rate of over 3,900 bopd. With the inclusion of test production, gross production from the Taq Taq field is currently c.13,650 bopd.
06 Jan 20
Norway: Aker BP given consent for exploration drilling in Block 25/2 in the North Sea
Norway's Petroleum Safety Authority has given Aker BP consent for exploration drilling in Block 25/2 in the North Sea. Well 25/2-22 S will be drilled in production licence PL 442. The well will be drilled to appraise discovery 25/2-21 (Liatarnet), which was proven in 2019.
06 Jan 20
Norway: Equinor aims to cut emissions in Norway towards near zero in 2050
Equinor has launched new climate ambitions to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway with 40 percent by 2030, 70 percent by 2040 and to near zero by 2050.
06 Jan 20
Zenith Energy provides secured loan facility to Anglo African Oil and Gas
Zenith Energy has announced that it has reached an agreement to provide a secured loan facility to Anglo African Oil & Gas for a total amount of GBP250,000.
06 Jan 20
Argentina: Echo Enegy announces drilling and operational update
Echo Energy, the Latin American-focused upstream oil and gas company, has announced both the perforation and initiation of stimulation operations at Tapi Aike and drilling at the Campo Limite exploration well.
06 Jan 20
Australia: Eni relinquishes Bonaparte Basin permit WA-34-R
JV partner Tap Oil has advised that the joint venture partners in the WA-34-R Joint Venture have agreed to jointly surrender their interests. The Retention Lease in the offshore Bonaparte Basin, Western Australia contains the Prometheus/Rubicon gas fields discovered in June and December 2000 respectively.
05 Jan 20
UK: Resolving 'transaction drag' for mergers and acquisition - OGA
The Oil & Gas Authority (OGA), through its tripartite approach, works closely with industry and government, including on matters relating to commercial behaviours and transactions.
05 Jan 20
CGG exits from seabed data acquisition business
CGG announced December 2019 that it is completing its exit from the seabed data acquisition business and has terminated the Seabed Geosolutions’ joint venture agreement effective December 31, 2019.
05 Jan 20
Axxis Geo Solutions signs contract for the Middle East
Axxis Geo Solutions has signed the previously announced contract for an 3D ocean bottom node (OBN) seismic acquisition survey in the Middle East. The work is expected to commence in early January 2020 and will continue through most of the first quarter 2020.
05 Jan 20
Greece: Energean and DEPA agreement paves the way for commercial operation of EastMed pipeline
Energean and the Public Gas Corporation of Greece ('DEPA') have agreed to cooperate to further support the EastMed Pipeline Project. Energean and DEPA have signed a Letter of Intent for the potential sale and purchase of 2 BCM natural gas per annum from Energean’s gas fields offshore Israel.
05 Jan 20
UK: i3 Energy announces corporate and funding update - farm-out process underway
Following i3's 2019 drilling campaign at Serenity and Liberator, the Company is now preparing for a mid-2020 appraisal programme to delineate the fields which the Company believes could contain more than 600 MMbbls P50 STOIIP. The Company is simultaneously conducting a farm-down process of its licences to potentially fund the 2020 drilling campaign.
05 Jan 20
Oman: Petrofac secures USD130 million in PDO awards
Petrofac announced December 31 a new contract and the award of an additional scope of work with Petroleum Development Oman (PDO), with a combined value of approx. USD130 million.
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