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14 Dec 20
Saudi Arabia: Sercel wins second Saudi mega-crew equipment contract
Sercel has won a second major contract to supply land seismic equipment to a leading seismic acquisition contractor for a 3D mega-crew survey in Saudi Arabia.
14 Dec 20
Norway: Equinor's Snorre Expansion Project now in production
On December 12, production commenced from the Snorre Expansion Project in the North Sea. This major Increased Oil Recovery project will add almost 200 million barrels of recoverable oil reserves and help extend the productive life of the Snorre field through 2040.
14 Dec 20
Lundin announces successful refinancing into a USD 5 billion corporate credit facility
Lundin Energy has successfully completed the refinancing of its existing secured USD 4.75 billion Reserves Based Lending facility ('RBL') and other corporate facilities, into a new, lower margin USD 5 billion five year corporate facility.
14 Dec 20
Russia: PetroNeft provides Licence 67 financing and operational 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 and operational update.
14 Dec 20
Senegal: MODEC awarded operations and maintenance contract for Sangomar field development FPSO
MODEC has signed a contract with Woodside Energy for the operations and maintenance of a Floating Production Storage and Offloading (FPSO) vessel for the Sangomar Field Development Phase 1 project in the Sangomar Offshore and Sangomar Offshore Deep oil blocks, located offshore Senegal.
14 Dec 20
Morocco: Chariot Oil & Gas agrees key terms on new licence offshore Morocco
Chariot Oil & Gas has negotiated the key terms of a new licence, Rissana Offshore in Morocco, which will completely surround the offshore boundaries of Chariot’s existing Lixus Offshore Licence, which contains the Anchois gas discovery. The formal award of the licence is anticipated to occur in 2021.
14 Dec 20
UK: Jersey Oil and Gas announces Greater Buchan Area exploration and licensing update
Jersey Oil & Gas has announced the results of a comprehensive subsurface evaluation that has been completed across all of the Company's licensed acreage. The evaluation has validated the Company's existing prospectivity and has identified a significant new prospect named Wengen, located on Licence P2170, directly west of the producing Tweedsmuir field.
14 Dec 20
Bahamas Petroleum announces funding agreements for up to USD20 million
BPC has entered into agreements with a leading European alternative asset manager, under which BPC has the potential to access gross funding of US$20 million, which will be used for anticipated costs of work in Trinidad and Tobago and Suriname planned for 2021, and ongoing costs and expenses associated with the Company's 100% owned and operated Perseverance-1 well in The Bahamas.
14 Dec 20
UK: Ansila Energy creates new UK North Sea gas company with the acquisition of Hartshead Resources
Ansila Energy has reached agreement to acquire the remaining 78.4% interest in Hartshead Resources that Ansila Energy does not already own in an all share deal aiming to create a new UK North Sea gas developer.
14 Dec 20
Russia: Equinor acquires interests in conventional onshore assets in Russia
Equinor has completed an agreement with Rosneft that increases its onshore presence in Russia. Through this agreement Equinor has acquired a 49% interest in the limited liability company LLC KrasGeoNaC (KGN) which holds twelve conventional onshore exploration and production licenses in Eastern Siberia.
13 Dec 20
Australia: Galilee Energy announces update on Glenaras gas project
Galilee Energy has provided an update on the 100% owned and operated Glenaras multi well pilot programme in the Galilee Basin ATP 2019.
13 Dec 20
UK: PM announces the UK will end support for fossil fuel sector overseas
The Prime Minister will announce an end to the UK Government's direct support for the fossil fuel energy sector overseas, as he opens the Climate Ambition Summit.
13 Dec 20
Mozambique: Vroon awarded charter with ENI on a long-term drilling project off Mozambique
Vroon has been awarded a charter with ENI on a long-term drilling project off Mozambique, with platform-supply vessel (PSV) VOS Princess to join sister vessel VOS Principle in support of the drillship SAIPEM 12000.
13 Dec 20
Brazil: Petrobras signs contract for sale of onshore field in Sergipe
Petrobras has signed with Energizzi Energias do Brasil Ltda a contract for the sale of its entire stake in the onshore field of Rabo Branco, located in the Sergipe-Alagoas Basin, in the State of Sergipe.
13 Dec 20
Brazil: Petrobras concludes the sale of onshore fields in the Tucano Basin
Petrobras has concluded the sale of 100% of its stakes in four onshore fields, located in the Tucano Basin, in the state of Bahia, to Eagle Exploracao de Oleo e Gas.
12 Dec 20
China: CNOOC and Horizon commence infill drilling programme in Block 22/12, Beibu Gulf, China
Horizon has advised that drilling operations have commenced on two infill wells located in the CNOOC-operated Weizhou 6-12 Fields of Block 22/12, Beibu Gulf, People’s Republic of China.
12 Dec 20
US: Vestas wins 234 MW order with EnVentus turbines in the USA
Vestas has received a 234 MW order for two projects in the USA. The order includes supply and commissioning of the turbines as well as multi-year service agreements for both projects.
12 Dec 20
Suriname: ExxonMobil discovers hydrocarbons offshore Suriname
ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil’s extensive finds in the Guyana-Suriname basin. The well was drilled by operator PETRONAS, and the discovery is being evaluated to determine its resource potential.
12 Dec 20
Norway: Neptune Energy Norge given consent to use a new subsea facility at the Gjoa field in the North Sea
Norway's Petroleum Safety Authority has given Neptune Energy Norge consent to use a new subsea facility at the Gjøa field in the North Sea as part of the Gjøa P1 redevelopment project.
12 Dec 20
ENGIE announces 650 MW of renewable energy offtake contracts with Amazon
ENGIE announces several energy offtake contracts with Amazon for a global renewable energy portfolio of wind and solar projects across the United States, Italy and France totaling 650 MW. These Corporate Power Purchase Agreements (PPAs) will exclusively rely upon renewable energy production facilities developed by ENGIE.
11 Dec 20
Iraq: Genel Energy announces resumption of override payments
Genel Energy has received notice from the Kurdistan Regional Government that override payments, whereby Genel receives 4.5% of monthly Tawke gross field revenues, will resume in January 2021.
11 Dec 20
Indonesia: Jadestone Energy announces closing of the Lemang PSC acquisition
Jadestone Energy has announced that all conditions required to complete its proposed acquisition of an operated 90% interest in the Lemang PSC, onshore Indonesia, are now satisfied.
11 Dec 20
Mexico: McDermott awarded contract by BHP for pre-FEED extension phase for the Trion project semi-submersible FPU
McDermott International has been selected by BHP to perform the pre-FEED extension phase for a Floating Production Unit that could be installed in a water depth of approx. 2,500 meters at the Trion field, located approx. 30 kms south of the U.S./Mexico border and approx. 180 kms from the Mexican coastline.
11 Dec 20
Suriname: PETRONAS makes hydrocarbon discovery in Block 52, offshore Suriname
PETRONAS has announced that it made its first discovery of hydrocarbons in Suriname with the successful drilling of the Sloanea-1 exploration well located in Block 52.
11 Dec 20
Norway: Aker Solutions awarded subsea contract for Kristin Sor
Aker Solutions has signed a letter of intent with Equinor for the delivery of a subsea production system to the Kristin Sør oil and gas satellite fields in the North Sea.
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