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27 Dec 19
Congo (Brazzaville): Zenith Energy acquires interest in AAOG's Tilapia oil field in the Republic of the Congo
Zenith Energy has signed a conditional share purchase agreement with Anglo African Oil & Gas for the acquisition of an 80 percent interest in AAOG's fully owned subsidiary in the Republic of the Congo. AAOG Congo has a 56 percent majority interest in, and is operator of, the Tilapia oilfield in the Republic of the Congo.
20 Dec 19
Norway: Var Energi submits PDO for increasing recovery from the Balder field
The Norwegian Petroleum Directorate reports that Var Energi has submitted an amended Plan for Development and Operation (PDO) for the Balder field and the associated Ringhorne deposit in the North Sea. The development will contribute to increase recovery from Balder.
20 Dec 19
UK: Angus Energy submits Field Development Plan for the Saltfleetby gas field
AIM-listed Angus Energy has provided an update on the Saltfleetby gas field following the submission of the Field Development Plan to the Oil & Gas Authority. Progress continues to be made on the reconnection of what was formerly the UKs largest onshore gas field.
20 Dec 19
Shell announces fourth quarter 2019 update note
Shell has announced an update to the fourth quarter 2019 outlook provided in the third quarter results announcement on October 31, 2019.
20 Dec 19
US: TGS acquires U.S. onshore 3D seismic survey assets
TGS has completed a transaction to purchase over 800 sq miles of onshore 3D seismic surveys from a U.S. based E&P company. The transaction supports TGS’ onshore growth strategy with the addition of key surveys, most notably in the SCOOP-STACK of the Anadarko Basin, Powder River Basin, and Permian Basin.
20 Dec 19
Nigeria: TGS announces new Multibeam and Seafloor Sampling Project in Nigeria
TGS, along with its joint venture partner PetroData, has announced Nigeria’s first regional multi-client Multibeam and Seafloor Sampling (MB&SS) Study. The study will cover an area of approx. 80,000 sq kms of the offshore Niger Delta.
20 Dec 19
GoM: Subsea 7 awarded contract offshore US Gulf of Mexico
Subsea 7 has announced the award of a sizeable contract by Chevron for the subsea installation services at the St. Malo field, located in the Walker Ridge area of the Gulf of Mexico.
20 Dec 19
Malaysia: JX Nippon Oil & Gas Exploration commences production at the Layang oil field in Block SK10 offshore Sarawak
JX Nippon Oil & Gas Exploration has announced that its subsidiary JX Nippon Oil & Gas Exploration (Malaysia), the Operator of Block SK10 offshore Sarawak, Malaysia together with PETRONAS Carigali, has commenced commercial oil production from the Layang field, offshore Sarawak.
20 Dec 19
Schlumberger becomes first company in upstream E&P services to commit to science-based target in emissions reduction
Schlumberger has announced its commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions. Schlumberger’s commitment has been submitted to the Science Based Targets initiative (SBTi) and, in line with the defined criteria, Schlumberger will define its reduction target by 2021.
19 Dec 19
Norway: Equinor granted drilling permit for well 7219/9-3 in PL 532
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for wildcat well 7219/9-3 in production licence PL 532. The well will be drilled about 25 kms southwest of the Johan Castberg FPSO.
19 Dec 19
Equinor increases its ownership in Scatec Solar
Equinor has acquired an additional 5.2 percent interest in Scatec Solar for a total purchase price of NOK 754 million. As a result of the transaction Equinor has raised its total shareholding to 15.2 percent, further strengthening its exposure to the fast-growing solar energy sector.
19 Dec 19
Zimbabwe: Invictus & Tatanga Energy sign gas sales MOU for 500 MW Gas to Power Project
Invictus Energy has announced that the Cabora Bassa Project partners have entered into a non-binding MOU with Tatanga Energy to progress gas supply for a 500 megawatt (MW) Gas to Power plant in the event of a commercial gas discovery from Special Grant (SG) 4571 in Muzarabani.
19 Dec 19
UK: OGA sets out its commitment to digital services for the UK’s oil and gas industry
The Oil and Gas Authority (OGA) has set out its commitment to digital services for the UK’s oil and gas industry with the publication of its Digital Strategy.
19 Dec 19
UK: InfraStrata announces public consultation regarding the issuance of a Marine Licence for the Islandmagee Gas Storage Project
InfraStrata has received confirmation from the Department of Agriculture, Environment and Rural Affairs (DAERA) that they will now proceed to the public consultation phase in relation to the issuance of a Marine Licence for the Islandmagee Gas Storage Project.
19 Dec 19
Argentina: Echo Energy mobilises drilling rig to Palermo Aike concession
Echo Energy has announced that following the completion of drilling operations at the Company's Campo La Mata x-1 well on Tapi Aike, mobilisation of the Petreven H-205 rig to the Palermo Aike production concession, in the Santa Cruz Sur assets, to drill the Campo Limite exploration well, has now commenced.
19 Dec 19
TransGlobe Energy announces operations update
TransGlobe Energy has announced a Q4 operations update on its operations in Egypt and Canada. Negotiations continue with the Egyptian government to amend, extend and consolidate the Company's Eastern Desert concession agreements.
19 Dec 19
Trinidad: Touchstone announces final production test results for the Coho-1 well offshore Trinidad
Touchstone Exploration has announced the final production test results for the Coho-1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. Flow and build-up test results suggest an Absolute Open Flow rate of 46.0 million cubic feet per day.
19 Dec 19
UK: Perenco cancels contract for Maersk Drilling's Maersk Resolute
Maersk Drilling has received notification that Perenco is cancelling the previously announced three-well contract for the jack-up rig Maersk Resolute in the UK North Sea.
19 Dec 19
Australia: Beach Energy farms into OMV's exploration permit PEP50119, offshore New Zealand
Beach Energy has reached agreement with OMV to acquire a 30% participating interest in exploration permit PEP50119 in the Great South Basin, offshore New Zealand.
18 Dec 19
Maersk Drilling sells jack-up rig Maersk Completer
Maersk Drilling has entered into an agreement with a subsidiary of Shelf Drilling to sell the jack-up rig Maersk Completer for USD 38m in an all-cash transaction.
18 Dec 19
US: McDermott, Chiyoda and Zachry Group announce first cargo from Freeport LNG Train 2
McDermott International along with its partners, Chiyoda International Corp and Zachry Group, has announced that the first commissioning cargo of liquefied natural gas (LNG) has been shipped from Train 2 of the Freeport LNG project on Quintana Island in Freeport, Texas.
18 Dec 19
Glencore to acquire LNG business of Orsted
Glencore’s oil division has entered into an agreement to acquire the LNG business of Orsted. The agreement will involve Glencore novating a number of contracts, including the right to use 3bcm of annual regasification capacity at the Gate terminal in Rotterdam until 2031. The agreement also includes a number of LNG supply contracts.
18 Dec 19
US: Devon Energy announces sale of Barnett Shale for USD $770 million - announces new USD 1 billion share-repurchase program
Devon Energy has entered into a definitive agreement to sell its assets in the Barnett Shale to Banpu Kalnin Ventures for USD 770 million. Devon has also authorized a new USD 1 billion share-repurchase program, bringing the total repurchase authorization to USD 6 billion.
18 Dec 19
Norway: Aker BP exercises the first 12 month option for Odfjell's Deepsea Nordkapp
Aker BP has exercised the first 12 month option for Odfjell Drilling's Deepsea Nordkapp under the Contract entered into between the parties in April 2018. The first 12 month option shall commence after expiry of the two year firm period in May 2021.
18 Dec 19
UK: Independent Oil and Gas provides update on Harvey appraisal and Redwell discovery in the Southern North Sea
Independent Oil and Gas has provided an update on the results of the Harvey appraisal well 48/24b-6 in the UK Southern North Sea, which appears to be sub-commercial. Updated post-well mapping of the Redwell discovery, to the immediate east of the Harvey licence, indicates that the northern section of the pre-well Harvey structure is likely to contain commercial volumes of gas and that Redwell has fairly substantial gas in place.
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