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04 Sep 23
Yemen: Zenith Energy terminates SPA for acquisition of OMV Yemen
Zenith Energy has announced that in agreement with OMV Exploration and Production it has terminated the share purchase agreement ('SPA') announced to the market on January 3, 2023, for the acquisition of 100% of the outstanding share capital of OMV Yemen.
04 Sep 23
Morocco: SDX Energy spuds Ksiri-21 well in Sebou Central of the Gharb Basin, Morocco
SDX Energy has commenced drilling the Ksiri-21 ('KSR-21') well in Sebou Central of the Gharb Basin, Morocco. The vertical development well is targeting a well-defined prospect within the main Hoot formation, which is the main producing sand in the area.
04 Sep 23
South Sudan: Wildcat Petroleum opens office in South Sudan
Following extensive consultation with the Director General of the Sudanese Oil and Production Authority (OEPA) the Company will be opening a temporary base of operations in the South Sudan capital Juba.
03 Sep 23
UK: Shell agrees to sell its home energy business in UK and Germany to Octopus Energy
Shell, through its 100% owned subsidiary Impello, has agreed to sell its home energy businesses, Shell Energy Retail Limited (SERL) in the UK and Shell Energy Retail GmbH (SERG) in Germany, to Octopus Energy Group.
03 Sep 23
Brazil: Maha Energy receives the second instalment of MUSD 55 from the sale of Maha Energy Brasil to PetroReconcavo
Maha Energy has received from PetroRecôncavo the second instalment of the purchase price related to the sale of its Brazilian subsidiary Maha Energy Brasil, amounting to USD 55.0 million.
02 Sep 23
Brazil/China: Petrobras signs agreement with Chinese banks
Petrobras signed two important agreements with the main Chinese banks operating in the oil, gas and energy industry: the China Development Bank (CDB) and the Bank of China. The signing of the memoranda of understanding (MOUs) took place during the strategic mission of the CEO of the Brazilian company, Jean Paul Prates, to China.
02 Sep 23
Norway: Wintershall Dea and partners install Maria Phase 2 template
Wintershall Dea and its partners Petoro and Sval Energi have marked a major milestone for the second phase of the operated Maria field with the safe installation of an additional subsea template on the seabed at Haltenbanken on the west coast of Norway. Maria Phase 2 is planned for start-up in 2025.
02 Sep 23
UK: Ping UK farms into Fyne field
Ping UK has signed a farm-in agreement for the Fyne field which is located near its Anasuria FPSO in the central North Sea. The equity split provides Ping with 42.5 per cent, and partners Hibiscus Petroleum 42.5 per cent and Rapid Oil (the current field owner) with 15 per cent. The Fyne field, located in Block 21/28b, has an estimated STOIIP of approx. 75MMbbl equivalent.
02 Sep 23
Criterium Energy announces termination of marketed public offering and resulting impact on the previously announced Mont D'Or Petroleum acquisition
Criterium Energy, an independent upstream energy development and production company focused in Southeast Asia, has announced the termination of the previously announced marketed public offering and the resulting impact on the previously announced Mont D'Or Petroleum acquisition.
01 Sep 23
BW Offshore signs short-term contract extension for Abo FPSO
BW Offshore has signed a short-term extension for the Abo FPSO with Nigerian Agip Exploration, a subsidiary of ENI, until 14 September 2023.
01 Sep 23
Solstad Offshore announces contract extension for CSV Normand Superior
Solstad Offshore has announced a contract extension for the CSV 'Normand Superior' with Ocean Infinity. The contract is now firm until 1Q 2026, with two optional years thereafter.
01 Sep 23
UK: New pipeline will accelerate Scotland’s green hydrogen export potential
Scotland’s hydrogen production and export potential could be significantly accelerated with the development of a purpose-built marine pipeline according to a report published by the Net Zero Technology Centre. The Hydrogen Backbone link, to transport hydrogen from Scotland to Europe is key to enabling Scotland to achieve its ambitious green export targets by 2045.
01 Sep 23
Nigeria: San Leon Energy announces update on proposed transactions
San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has announced a further extension to the longstop dates for the proposed transactions with Midwestern Oil & Gas Company and the Company's further conditional investments in Energy Link Infrastructure.
01 Sep 23
Norway: Var Energi ramps up exploration activity in the Barents Sea
Vår Energi sees substantial opportunities for further growth and value creation in the north and has secured the COSLProspector drilling rig for a two-year drilling program in the Barents region, in cooperation with Equinor.
01 Sep 23
PNG: Santos agrees an initial sale of 2.6 per cent of PNG LNG to Kumul and an option for Kumul to acquire a further 2.4 per cent
Santos has executed a binding sale agreement to deliver Kumul Petroleum a 2.6 per cent participating interest in PNG LNG for a total purchase consideration comprising cash of $576 million and the assumption of ca. $160 million of project finance debt and a call option to acquire a further 2.4 per cent participating interest in PNG LNG for a cash purchase price of $524 million.
01 Sep 23
Angola: Azule Energy and Equinor sign PSA for Block 31/2 offshore Angola
The National Agency of Petroleum, Gas and Biofuels (ANPG) and Azule Energy, in partnership with Equinor, have signed a Production Sharing Agreement (PSA) for Block 31/21. The agreement, which results from the 2021/2022 Limited Offshore Licensing Round, is a significant stride towards advancing exploration in the Lower Congo Basin.
01 Sep 23
Norway: EMGS secures multi-client revenue in Norway
Electromagnetic Geoservices ('EMGS') has announced that the Company has secured approximately USD 1.0 million in revenue related to its existing multi-client library in Norway.
31 Aug 23
Westwood Insight - Rig dayrates have risen, so when are the new rig orders coming
Much has been written in recent months about the increase in offshore rig utilisation and dayrates. With key segments of the fleet at 95% utilisation or higher, dayrates for non-harsh environment jackup fixtures have surpassed $150,000, while floating rigs have been secured for contracts at or above $475,000. Right on cue, the talk of new rig orders has surfaced, but will it actually happen?
31 Aug 23
Jadestone Energy announces Montara restart plan and operations update
Jadestone Energy has provided an operational update. The Company has announced that it intends to restart production at Montara on 1 September 2023. The Akatara development in Indonesia continues to make good progress, and remains on budget and schedule for first gas in H1 2024. Drilling operations on the first of four wells has commenced at the East Belumut field in Malaysia.
31 Aug 23
Zimbabwe: Additional samples reaffirm light oil, gas-condensate and helium in Invictus Energy's Mukuyu-1 well
Invictus Energy has provided an update on results from Mukuyu-1 at its 80% owned and operated Cabora Bassa Project in Zimbabwe. Completed mudgas analysis program reaffirms presence of light oil, wet gas and condensate and helium in Mukuyu-1. Upcoming drilling at Mukuyu-2 well to cover all prospective intervals, with spud due next month.
31 Aug 23
UK: OEUK welcomes ministerial appointments
The leading representative body for the UK offshore energy sector, Offshore Energies UK, has welcomed new ministerial appointments after Thursday's cabinet reshuffle.
31 Aug 23
GoM: API files preliminary injunction in offshore Lease Sale 261 challenge
The American Petroleum Institute (API) on Aug 29 issued a statement from Senior Vice President and General Counsel Ryan Meyers on API’s motion for preliminary injunction filed in the U.S. District Court Western District of Louisiana seeking immediate action from the court ahead of the planned Lease Sale 261.
31 Aug 23
Halliburton and PTTEP collaborate to launch dDigital solutions for the energy industry
Halliburton and PTTEP have signed a MoU to co-innovate and market digital transformation solutions for the energy industry in Thailand, Malaysia, and Vietnam. Under the agreement, the two companies will develop and provide advanced digital solutions services that address energy industry challenges and help increase operational effectiveness and efficiency.
31 Aug 23
Nauticus Robotics to provide AUV/UID leak detection technology testing for Equinor
Nauticus Robotics, a developer of autonomous robots using artificial intelligence for data collection and intervention services for the ocean industries, has announced that Equinor has engaged Nauticus and its local business partner, Stinger Technology, for the deployment of the Company’s proprietary leak detection technology service in the North Sea.
31 Aug 23
Norway: Equinor awards drilling contracts to two COSL drilling rigs
Equinor has awarded COSL Offshore Management two contracts and will employ COSLPromoter and COSLInnovator on the Norwegian continental shelf. The contract values are calculated at around USD 369 million for both firm periods.
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