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21 Dec 20
UAE: ADNOC awards Eni and PTTEP consortium the first offshore exploration block in Abu Dhabi’s Second Competitive Block Bid Round
The Abu Dhabi National Oil Company (ADNOC) has announced the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 3 to a consortium led by Eni and Thailand's PTTEP.
21 Dec 20
India: Reliance and BP announce first gas from Asia’s deepest project
Reliance Industries Limited (RIL) and BP have announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India.
21 Dec 20
Shelf Drilling announces sale of Shelf Drilling Journey jack-up rig to ADNOC Drilling
Shelf Drilling has entered into a definitive agreement with ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), to sell the Shelf Drilling Journey jack-up drilling rig for a total consideration of USD77.6 million.
21 Dec 20
Argentina: Solstad announces contract extension for CSV Normand Commander
Solstad Offshore has announced the contract extension for the CSV Normand Commander. The CSV Normand Commander has been on a Bareboat contract with Bahia Grande in Argentina since 2018.
21 Dec 20
Bahamas: Bahamas Petroleum spuds Perseverance-1 well offshore Bahamas
Bahamas Petroleum (BPC) has spudded the Perseverance-1 well, offshore Bahamas. The well is targeting P50 prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels.
21 Dec 20
Australia: Shell sells minority interest in QCLNG Common Facilities infrastructure for US$2.5 billion
Shell has agreed to the sale of a 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities to Global Infrastructure Partners Australia for US$2.5 billion.
21 Dec 20
Australia: Origin farms into prospective Canning Basin permits
Origin Energy has announced a farm-in with Buru Energy for seven permits covering 20,000 sq km in Western Australia’s prospective Canning Basin. Under the agreements, Origin secures a 50 per cent equity share in five permits with Buru Energy, and a 40 per cent equity share in two permits with Buru and Rey Resources in exchange for carrying $12.3 million of their share of work program costs.
21 Dec 20
Norway: Aker Solutions wins bid for Ormen Lange onshore scope
Aker Solutions has been awarded a letter of intent from Norske Shell for the Ormen Lange Phase 3 (OLP3) onshore project. The scope is to integrate the wet gas subsea compression system with the Nyhamna onshore gas plant in Norway.
21 Dec 20
India: Shearwater GeoServices awarded Western Offshore India 3D contract by ONGC
Shearwater GeoServices has announced the award of a 3D broadband marine seismic acquisition contract by ONGC in the Western Offshore India area. The four-month campaign covers two areas totalling 2,800 sq km in the Arabian Sea off the west coast of India.
20 Dec 20
UK: Talon grows Noth Sea portfolio with three new licence awards
Talon Petroleum has been awarded three new exploration licences in the UK Central North Sea (UKCS) as part of the recent 32nd Offshore Licensing Round.
20 Dec 20
DOF Subsea awarded new contracts in Atlantic region
DOF Subsea has been awarded multiple new contracts for execution in the North Sea, Mediterranean and Africa. Contracted work include a number of turnkey subsea projects within core service lines – Survey, Inspection, Maintenance & Repair (IMR) and Construction.
20 Dec 20
Brazil: Petrobras signs contract for sale of onshore fields in Bahia
Petrobras has signed with Ouro Preto Energia Onshore, a wholly owned subsidiary of 3R Petroleum Óleo e Gás, a contract for the sale all of its stakes in fourteen onshore exploration and production fields, called Recôncavo Cluster, located in the state of Bahia. The sale value is US$ 250 million.
20 Dec 20
Oman: Masirah Oil spuds Yumna-2 development well in Block 50 offshore Oman
Rex International subsidiary, Masirah Oil, has spudded a second development well, Yumna-2, in the Yumna field. in Block 50, offshore Oman. A third development well will be drilled back-to-back with Yumna-2. The three production wells in the Yumna field have been positioned to optimally drain the reservoir and maximise recovery.
20 Dec 20
Norway: Neptune Energy given go-ahead for Gjoa expansion
The authorities have granted consent for start-up of a subsea installation with two new wells on the Gjøa field in the North Sea. Operator Neptune Energy estimates the project will add 2.4 million standard cubic metres of oil equivalent (15 million bbls o.e.) from Gjøa.
19 Dec 20
Brazil: Maha Energy announces strong Tie-2 flow rates
AIM-listed Maha Energy reports that the Tie-2 development well (7-TIE-2D-BA), on the Tie light oil field, onshore Brazil, is delivering oil rates above expectations, flowing oil and gas at a rate of 1,825 BOPD and 1,083 MSCFPD (2,005 BOEPD).
19 Dec 20
Norway's oil production in November is equal to the NPD’s forecast and 1.9 percent below the forecast so far this year
Norway's preliminary production figures for November 2020 show an average daily production of 2,026,000 barrels of oil, NGL and condensate. Oil production in November is equal to the NPD’s forecast, and 1.9 percent below the forecast so far this year.
18 Dec 20
UK: Viking Energy Wind Farm brings GBP4.5 million boost to more than 30 companies across Shetland
SSE Renewables has announced that more than £4.5 million has been spent so far with local suppliers in the initial stages of the Viking Energy Wind Farm project.
18 Dec 20
In century’s poorest licensing year, Norway led global awarded acreage, which reached 18-year low
The end of this year is set to make 2020 the year with the fewest concluded licensing rounds of the 21st century, a Rystad Energy analysis shows, as only 43 rounds have been completed so far, with very little upside potential left. Awarded acreage is estimated to be the lowest since 2002 at just over 324,000 sq kms, with Norway being this year’s global leader in total licensed area.
18 Dec 20
US: Zephyr Energy commences drilling State 16-2 well
AIM-listed Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development, has commenced drilling the State 16-2 well in the Paradox Basin, Utah, U.S.
18 Dec 20
UK: Hurricane Energy announces operational and corporate update
Hurricane Energy has provided an operational and corporate update. Options to enhance both Lancaster field performance and recovery have progressed considerably in recent months and the Company will commence a period of stakeholder engagement to seek alignment on the merits of this further Lancaster activity and the support and/or approvals which may be required to execute the programme.
18 Dec 20
Trinidad: Touchstone enters into a natural gas sales agreement with the National Gas Company of Trinidad and Tobago
Touchstone Exploration has executed a long-term natural gas sales agreement with the National Gas Company of Trinidad and Tobago for all future natural gas production from the Ortoire block.
18 Dec 20
Norway: OKEA acquires Repsol's interest in the Vette oil discovery
OKEA has signed a Sales and Purchase Agreement (SPA) with Repsol Norge for the acquisition of Repsol’s 40% operated working interest in PL 972, which includes the Vette oil discovery.
18 Dec 20
Norway: Aker BP to develop the Grasel discovery in 2021
Operator Aker BP and the Skarv partners (Equinor, Wintershall Dea and PGNiG) have decided to develop the Grasel discovery in 2021. The oil and gas production will utilize available capacity on the existing production vessel (FPSO) on the Skarv field.
18 Dec 20
Polarcus secures 4D project in the Far East
Polarcus has entered into a memorandum of agreement with SCF GEO, a company in the Sovcomflot group, to provide 4D marine seismic acquisition services in the Far East for a major E&P company.
17 Dec 20
Trinidad: Trinity signs MOU with the National Gas Company of Trinidad and Tobago to explore and develop new energy projects
AIM-listed Trinity Exploration & Production has signed a memorandum of understating with The National Gas Company of Trinidad and Tobago to explore and develop new projects to enable energy transition in Trinidad and, potentially, in the wider Caribbean and Latin America.
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