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03 Jul 20
Borr Drilling regains compliance with NYSE Continued Listing Standard
Borr Drilling reports that it has been informed by the NYSE that the Company has regained compliance with the Continued Listing Standard.
03 Jul 20
GoM: LLOG announces sanctioning of Taggart discovery and finalising of plans for development via the Devils Tower Spar
LLOG Exploration Offshore has announced the sanctioning of its Taggart discovery and the signing of a production handling agreement for development via tieback to the Williams-owned Devils Tower Spar in Mississippi Canyon 773.
03 Jul 20
Lowest of the century! Half-year discoveries total 4.9 billion boe, hit by travel bans and budget cuts - Rystad Energy
Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equivalent (boe) in the first half of 2020, Rystad Energy estimates, the weakest-performing first half of the 21st century. The resource volumes were 42% lower and the number of discoveries was down by 31% compared to the same period in 2019.
03 Jul 20
Vietnam: Jadestone Energy commences arbitration over Vietnam acquisition
Jadestone Energy has commenced arbitration proceedings against Teikoku Oil, a wholly-owned subsidiary of Inpex Corp, in respect of Jadestone’s acquisition of an interest in Block 05-1 PSC, offshore Vietnam.
03 Jul 20
Norway: Equinor given consent to drill exploration well 34/7-37 in PL 089
Norway's Petroleum Safety Authority has given Equinor consent for exploration drilling in Block 34/7 in the North Sea. Well 34/7-37 will be drilled to test the 7-Fjell prospect in production licence PL 089.
02 Jul 20
Australia: Industry welcomes new SA oil and gas acreage - APPEA
Australia’s oil and gas sector has welcomed the South Australian Government announcement of successful bids for five new petroleum exploration licenses in the Otway and Cooper Basins - two basins with a long history of supplying the state’s energy needs.
02 Jul 20
Algeria: Neptune Energy announces major milestone for Touat gas facility
Neptune Energy has announced a major milestone for the Touat gas facility in Algeria, with day-to-day operations having been formally passed to Groupement Touat Gaz (GTG).
02 Jul 20
Germany: RWE closes deal with E.ON
The final step of one of the largest transactions in German industrial history, the major asset swap between RWE and E.ON is finally completed, as RWE takes over the innogy activities. As a result the wind, solar and hydropower businesses as well as the biomass, biogas and gas storage activities are transferred to RWE.
02 Jul 20
South Africa: Odfjell Drilling reports the Deepsea Stavanger has started its mobilization to South Africa
Odfjell Drilling reports that, following the notice from 19 May 2020, the Deepsea Stavanger has started its mobilization to South Africa under the Total contract.
02 Jul 20
Singapore: Industry leaders collaborate to develop Singapore’s first end-to-end decarbonisation process to mitigate climate change
Industry leaders, Keppel Data Centres, Chevron, Pan-United and Surbana Jurong, with the support of the National Research Foundation, have signed a Memorandum of Understanding committing to harness their combined resources and jointly develop the first end-to-end decarbonisation process in Singapore.
02 Jul 20
Australia: NOPSEMA approves SapuraOMV's Kanga-1 geophysical and geotechnical site survey
NOPSEMA has approved SapuraOMV's plans to conduct the Kanga-1 geophysical and geotechnical site survey in WA-412-P located in Commonwealth waters.
02 Jul 20
Mosman Oil and Gas announces placing to raise GBP400,000
Mosman Oil and Gas has undertaken a placing to raise £400,000. The net proceeds raised from the placing will be used towards the drilling of the Falcon well at the Champion Project in Texas.
02 Jul 20
UK: Premier Oil provides update on proposed acquisitions and creditor agreements
Premier Oil has announced that the Group’s creditors have approved the acquisition of the Andrew Area and Shearwater assets from BP. The Company has also announced that it will not be pursuing the purchase of the additional 25 per cent interest in Tolmount from Dana Petroleum.
02 Jul 20
Romania: ADX Energy provides update on flow test operations at the Iecea Mica-1 well, onshore Romania
ADX Energy has provided an update regarding ongoing well flow testing work at the Iecea Mica-1 (IMIC-1) well site at the Iecea Mare Production License onshore Romania. The production equipment required to flow test the well has been run into the well and the well has been perforated to initiate flow from the Pa IV gas reservoir.
02 Jul 20
GoM: Subsea 7 awarded contract in the Gulf of Mexico
Subsea 7 has announced the award of a sizeable contract for work in the Gulf of Mexico.
02 Jul 20
UK: Vattenfall awarded development consent for Norfolk Vanguard Offshore Wind Farm
The Secretary of State for Business, Energy, and Industrial Strategy has awarded development consent for Vattenfall's application to build Norfolk Vanguard Offshore Wind Farm.
01 Jul 20
Norway: ConocoPhillips given consent to drill exploration well 6507/4-1 in the Norwegian Sea
Norway's Petroleum Safety Authority has given Aker BP consent for exploration drilling in Block 6607/12 in the Norwegian Sea. Well 6507/4-1 will be drilled to test the Warka prospect in production licence PL 1009.
01 Jul 20
Norway: Wellesley given consent to drill exploration well 6204/11-3 in the Norwegian Sea
Norway's Petroleum Safety Authority has given Wellesley consent for exploration drilling in Block 6204/11 in the Norwegian Sea. Well 6204/11-3 will be drilled to test the Schweinsteiger prospect in production licence PL 829.
01 Jul 20
Schlumberger introduces Symphony live downhole reservoir testing
Schlumberger has introduced Symphony live downhole reservoir testing, a technology platform that enables operational control of the downhole testing toolstring to deliver real-time downhole measurements.
01 Jul 20
Egypt: Eni announces new gas discovery in the Mediterranean Sea offshore Egypt
Eni has successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush. The discovery further extends to the west the gas potential of the Abu Madi formation reservoirs discovered and produced from the so-called 'Great Nooros Area'.
01 Jul 20
Australia: Oilex announces successful bid for Cooper Basin permit
Oilex has advised that the South Australian State Government has announced the successful bid for Block CO2019-C (PELA677) in the Cooper Eromanga Basin by Cordillo Energy, a wholly owned subsidiary of Oilex.
01 Jul 20
UK: Neptune Energy awards remote monitoring contract to Fugro
Neptune Energy has announced the award of a subsea inspection contract to leading geo-data specialist, Fugro, which will employ state-of-the-art remote monitoring technology to survey subsea structures at the Cygnus gas field in the UK’s southern North Sea.
01 Jul 20
Brazil: Petrobras announces new production record at the Buzios field in the Santos Basin pre-salt
Petrobras reports that the platforms installed in the Búzios field, in the Santos Basin pre-salt, reached new production records this month of 664,000 barrels of oil per day (bpd) and 822,000 barrels of oil equivalent per day (boed). The Búzios field, discovered in 2010, is the largest deepwater oil field in the world.
01 Jul 20
Brazil: Petrobras releases E&P teaser for the Tartaruga field in the Sergipe-Alagoas Basin
Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in the Tartaruga field, located in shallow waters of the Sergipe-Alagoas Basin, state of Sergipe.
01 Jul 20
Norway: Subsea 7 awarded contract for Hod field development project
Subsea 7 has announced the award of a sizeable(1) contract by Aker BP for the Hod Field Development Project, located 12 km from the Valhall area in the southern part of the North Sea.
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