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16 Jul 20
GeoPark announces second quarter 2020 operational update
GeoPark, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, has announced its operational update for the three-month period ended June 30 2020.
16 Jul 20
Taiwan: Subsea 7 awarded renewables contract offshore Taiwan
Subsea 7 has announced the award of a sizeable contract for the installation of the submarine cable system on an offshore wind farm project in Taiwan.
16 Jul 20
Senegal: FAR continues sale process for Sangomar field development project
Announcing a Q2 Activity Report, FAR Limited has provided an update on the sale process for its interest in the Sangomar development project, offshore Senegal. The Company has also signed new JOA's for Blocks A2 and A5, The Gambia.
16 Jul 20
UK: Deltic Energy rejects possible offer from Reabold Resources
AIM-listed Reabold Resources, a company focused on investments in upstream oil and gas projects, announced July 15 that it is in the process of evaluating a possible all-share offer for the entire issued and to be issued share capital of AIM-listed Deltic Energy.
16 Jul 20
Australia: Vintage Energy completes first stage of the fracture stimulation at Vali-1 ST1 in the Cooper Basin
Vintage Energy reports that the ATP 2021 joint venture has completed the first fracture stimulation stage for the Vali-1 ST1 well in the Cooper Basin.
16 Jul 20
Argentina: Echo Energy announces successful Tapi Aike restructuring
Echo Energy has successfully restructured its relationship with Compania General de Combustibles ('CGC') on an interest in the Tapi Aike licence. The new agreement enables Echo to cease commitments to ongoing pre-drill expenditure at Tapi Aike, whilst maintaining an option for the Company to re-enter the western cube (Traversia de Arriba) of the Licence.
16 Jul 20
Trinidad: Trinity Exploration announces Q2 2020 operational update
Trinity Exploration & Production, the independent E&P company focused on Trinidad and Tobago, has provided an update on its operations for the three-month period ended 30 June 2020.
16 Jul 20
Brazil: Petrobras concludes the sale of the Ponta do Mel and Redonda onshore fields
Petrobras has finalised the sale of its entire participation in two onshore production fields - Ponta do Mel and Redonda - located in the Potiguar Basin, in the state of Rio Grande do Norte, to Central Resources do Brasil Producao de Petroleo.
16 Jul 20
Brazil: Petrobras concludes the sale of the Pampo and Enchova Clusters
Petrobras has completed the sale of its entire stake in the ten fields that comprise the Pampo and Enchova Clusters, located in shallow water in the Campos Basin in the state of Rio de Janeiro, to Trident Energy.
15 Jul 20
Ukraine: Enwell Energy spuds SV-25 well at the Svyrydivske gas and condensate field in Ukraine
AIM-listed Enwell Energy has spudded the SV-25 well at its 100% owned and operated Svyrydivske (SV) gas and condensate field in Ukraine. Drilling operations are scheduled to be completed by the end of the first quarter of 2021, and, subject to successful testing, production hook-up is planned for the second quarter of 2021.
15 Jul 20
Kazakhstan: Tethys Petroleum announces successful test at the KBD-02 well in the Kul-Bas block
Tethys Petroleum has announced that the test period for the first zone (Jurassic) in the Klymene exploration well KBD-02 in the Kul-Bas block in Kazakhstan has been completed and the testing for the second potential zone has been initiated.
15 Jul 20
Brazil: New PGS data now available for Brazil Sergipe-Alagoas Basin
PGS has released a contiguous prestack depth data volume of GeoStreamer data covering 13,000 sq km in Brazil's Sergipe-Alagoas Basin. Data covers key offshore discoveries in the SEAL Basin. This extends coverage into deepwater areas relevant for recent leasing, and where future open acreage will be offered in upcoming Brazil bidding rounds.
15 Jul 20
Brazil: Petrobras announces new production record at the Buzios field in the Santos Basin pre-salt
Petrobras reports that the platforms installed in the Búzios field, in the Santos Basin pre-salt, reached new production records on July 13 of 674,000 barrels of oil per day (bpd) and 844,000 barrels of oil equivalent per day (boed). The Búzios field, discovered in 2010, is the largest deepwater oil field in the world.
15 Jul 20
Aker BP anounces second quarter and first half year 2020 report
Aker BP delivered strong operational performance and record high production in the second quarter. The company’s field developments progressed as planned, including a successful start-up of the first Ærfugl phase 2 well.
15 Jul 20
Lundin Energy provides update on second quarter 2020 financial results
Lundin Energy will publish its financial report for the second quarter 2020 on 29 July 2020. For the second quarter 2020, Lundin Energy will expense pre-tax exploration costs of approx. MUSD 19 and recognise a net foreign exchange gain of approx. MUSD 131.
15 Jul 20
Norway: OKEA acquires Aurora discovery from Equinor
OKEA has signed a Sales and Purchase Agreement (SPA) with Equinor for the acquisition of Equinor’s 40% operated working interest in PL195 and PL195 B, which include the Aurora discovery; a small gas discovery in the North Sea located west of the Gjøa field.
15 Jul 20
Premier Oil announces trading and operations update
Premier Oil has provided an update on recent operational activities and guidance in respect of its half year financial results to 30 June 2020. The Company forecasts free cash flow positive for full year 2020 at current forward curve.
15 Jul 20
Woodside announces Q2 report for period ended 30 June 2020
Woodside has announced its second quarter report for the period ended 30 June 2020. Production for the second quarter was 7% higher than the previous quarter at 25.9 MMboe. Sales revenue of $768 million was down 29% from Q1 2020.
14 Jul 20
Pakistan: MOL makes gas and condensate discovery in the TAL Block, Pakistan
MOL, as the operator of TAL Block in Pakistan, has made a new gas and condensate discovery. This marks the company’s 13th discovery in Pakistan and 10th discovery in the TAL Block.
14 Jul 20
Oil and gas drilling set for at least a 20-year low in 2020, unlikely to recover to 2019 levels soon - Rystad Energy
The COVID-19 pandemic has stymied oil and gas activity, a phenomena which has now affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment. A Rystad Energy analysis shows the number of drilled wells globally is expected to reach around 55,350 this year, the lowest since at least the beginning of the century.
14 Jul 20
AGR scores 'excellent' in Achilles FPAL Compliance Audit
AGR's Well Management business unit in the UK is celebrating its highest ever score in the FPAL Verify system operated by Achilles, achieving a rating of ‘excellent’ in nearly all areas.
14 Jul 20
Brazil: Petrobras reduces cost of post-salt well construction
Petrobras has announced that in early July it completed, in half the time, the construction of the 7 GLF 49H ESS offshore well, in the Golfinho field, in the Espírito Santo Basin, 100 km from Vitória. This was the first post-salt well built with the application of the True One Trip Ultra Slender (TOTUS) concept.
14 Jul 20
Woodside announces post-tax impairment losses of US$3.92 billion
Woodside has undertaken a review of the carrying values of its assets in accordance with the Group’s accounting policies and the accounting standards. As a result, the financial statements for the half-year ended 30 June 2020 are expected to recognise non-cash, post-tax impairment losses of US$3.92 billion
14 Jul 20
Senior industry figures launch energy transition advisory company
Leading oil and gas professionals have launched BluEnergy, committed to enabling oil and gas companies to leverage their existing asset base to create low carbon energy streams, generating value whilst reducing carbon intensity.
14 Jul 20
Norway: Wintershall Dea extends Head Energy's Brage contract
Wintershall Dea has opted to extend the frame agreement with Head Energy concerning modifications at the Brage platform. Head Energy was awarded the frame agreement for modifications at Brage in 2016 and the extension means that the contract now runs to 2022.
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