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16 Dec 20
Neptune Energy and The HALO Trust partnership to boost safety performance
Neptune Energy has announced a new partnership with worldwide humanitarian landmine clearance organisation, The HALO Trust, to further improve safety performance within both organisations.
16 Dec 20
Ghana: TG-GEOPARTNERS to acquire major multi-client 3D geophysical survey in the Keta Basin, offshore Ghana
TG-GEOPARTNERS has announced the signing of an agreement with the Petroleum Commission of Ghana to conduct a major Multi-Client 3D Geophysical Survey in the Keta Basin, offshore Ghana.
16 Dec 20
US: BP acquires majority stake in largest US forest carbon offset developer Finite Carbon
BP has acquired a majority stake in carbon offset developer Finite Carbon, building on its existing interest in the company. Finite Carbon is the largest developer of forest carbon offsets in the US.
16 Dec 20
Petrofac announces trading update
Petrofac has issued a pre-close trading update for the year ending 31 December 2020.
16 Dec 20
Bahamas Petroleum announces update on funding agreements for up to USD20 million
Further to the announcement of 14 December 2020 of the Funding Agreements entered into by BPC, the Company has advised the following additional details pertaining to the Funding Agreements.
16 Dec 20
Premier Oil announces update on proposed merger with Chrysaor and change of name
Premier has provided an update on the proposed all share merger between Premier and Chrysaor Holdings and the reorganisation of Premier’s existing debt and cross currency swaps. Premier has also issued an update on its and Chrysaor’s trading and operational activities for the first 11 months of the year and reports 2021 guidance for both companies.
16 Dec 20
South Africa: Tower Resources enters Second Exploration Period of the Algoa-Gamtoos license offshore South Africa
AIM-listed Tower Resources has announced that its subsidiary Rift Petroleum, together with Operator and 50% partner New Age Energy Algoa, has now formally agreed to enter the Second Exploration Period of the Algoa-Gamtoos license offshore South Africa.
16 Dec 20
GoM: Magseis Fairfield awarded deepwater OBN monitor survey in US Gulf of Mexico
Magseis Fairfield has been awarded a deepwater Ocean Bottom Node (OBN) monitor survey in the US Gulf of Mexico.
15 Dec 20
US: Oxy Low Carbon Ventures awarded Project Tundra carbon storage consulting services contract
Oxy Low Carbon Ventures, a subsidiary of Occidental, has been awarded a contract to provide Carbon Storage Consulting Services for Project Tundra, an initiative led by Minnkota Power Cooperative, to build the world’s largest carbon capture facility at the Milton R. Young Station – a coal-fired power plant, near Center, North Dakota.
15 Dec 20
Canada: Husky and Cenovus combine to create a resilient integrated energy leader
The transaction has been unanimously approved by the Boards of Directors of Husky and Cenovus and is expected to close in the first quarter of 2021, subject to shareholder and regulatory approvals.
15 Dec 20
Nigeria: San Leon Energy provides update on its investment in the Oza field
Further to its previous announcements regarding its proposed investment in Decklar Petroleum and the Oza field in Nigeria, San Leon has announced that the parties have agreed to extend the completion date to early in the new year.
15 Dec 20
Suriname: Fugro awarded PETRONAS contract for positioning services in Guyana-Suriname Basin
Fugro has received a contract award from PETRONAS for the provision of positioning services for an exploration programme in Block 52, off the coast of the capital Paramaribo in the Guyana-Suriname Basin.
15 Dec 20
Norway: Norwegian Government gives go-ahead for the Northern Lights project
Following a historic vote in parliament, the Norwegian Government has announced its funding decision for the Northern Lights CO2 transport and storage project. The funding decision demonstrates the Norwegian government's strong support for the development of a Carbon Capture and Storage (CCS) value chain, which is essential if Europe is to achieve its carbon neutrality targets.
15 Dec 20
Russia: PetroNeft provides financing update
AIM-listed PetroNeft, an oil and gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, has provided a financing update.
15 Dec 20
Iraq: Gulf Keystone announces operational and corporate update
Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, has provided an operational and corporate update. The Company reports Shaikan production currently c.42,000 bopd and 80 MMstb cumulative production achieved.
15 Dec 20
Brazil: Solstad Offshore enters into Frame Agreement with ExxonMobil in Brazil
Solstad Offshore has entered into a Frame Agreement with ExxonMobil for the provision of supply vessel services supporting their exploration activities in Brazil.
15 Dec 20
Serica Energy announces operations update
AIM-listed Serica Energy has provided an update on its operations in the UK and Namibia. The Company has made a decision to withdraw from Namibia to focus on its North Sea-focused portfolio and opportunities.
15 Dec 20
PGS, TGS and CGG announce strategic partnership for shared MultiClient data offerings
PGS, TGS and CGG, industry leaders of MultiClient geoscience data, have announced a pioneering strategic partnership to offer a shared ecosystem providing direct access to their subsurface MultiClient data libraries.
15 Dec 20
Australia: Strike Energy announces West Erregulla update
Strike Energy has provided an update on behalf of the EP469 Joint Venture. Up to three appraisal wells will be drilled in the West Erregulla field and Strike is currently drilling the West Erregulla 3 appraisal well. During the drilling of the final section of the well, consistent hydrocarbons shows have been observed throughout the Dongara and upper Wagina sandstones.
14 Dec 20
Australia: Vestas wins 97 MW order for wind project in Australia
In partnership with Global Power Generation, a subsidiary of the multinational power company Naturgy Group, Vestas has secured a 97 MW deal for the Hawkesdale Wind Farm in Victoria, Australia. The project will feature 23 V136-4.2 MW wind turbines which Vestas will supply and install.
14 Dec 20
UK Government publishes Energy White Paper
The OGA said it welcomes the publication of the government’s Energy White Paper and the recognition of the critical role that oil and gas is expected to play in helping deliver our energy needs, as well as enabling game changing energy transition solutions such as carbon capture.
14 Dec 20
ExxonMobil announces emission reduction plans; expects to meet 2020 goals
ExxonMobil said it plans further reductions in greenhouse gas emissions over the next five years to support the goals of the Paris Agreement and anticipates meeting year-end 2020 reductions.
14 Dec 20
US: SandRidge Energy announces sale of North Park Basin assets for USD47 million
SandRidge Energy has entered into a definitive agreement for the sale of its North Park Basin (NPB) assets. The consideration is $47 million in cash.
14 Dec 20
China: CNOOC announces Penglai 25-6 oilfield area 3 project commences production
CNOOC Limited has announced that the Penglai 25-6 oilfield area 3 project has commenced production ahead of schedule.
14 Dec 20
Norway: Neodrill announces projects with Neptune Energy
Neodrill, known for its industry-leading CAN technology, has signed a frame agreement and announced its first two projects with Neptune Energy. In the first campaign 2 CANs were installed on two exploration wells in the Norwegian North Sea in April. The second campaign is scheduled for December, where 2 CANs will be installed for the Tail well and Dugong appraisal well.
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