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23 Aug 19
UK: Rathin Energy begins extended well test at West Newton A-2 appraisal well
Rathlin Energy reports that flow testing of the West Newton A-2 conventional appraisal well (WNA-2) has commenced. The well test programme is scheduled to continue for the next 4-8 weeks.
23 Aug 19
Nigeria: LEKOIL acquires participating interest in OPL276
LEKOIL has agreed to acquire from Newcross Petroleum a 45 per cent participating interest in the Production Sharing Contract in relation to the Oil Prospecting Licence 276, covering a territory located onshore in the eastern Niger Delta basin.
23 Aug 19
US: 88 Energy announces update on Project Icewine conventional farmout
88 Energy has provided an update related to the farmout of its conventional prospect portfolio at Project Icewine, located on the Central North Slope, Alaska.
23 Aug 19
UK: Jersey Oil & Gas awarded Block 21/2a containing the Glenn oil discovery in 31st Supplementary Offshore Licensing Round
AIM-listed Jersey Oil & Gas has been awarded 100 percent working interest and operatorship of Block 21/2a in the OGA's 31st Supplementary Offshore Licensing Round. The additional acreage includes the Glenn oil discovery.
23 Aug 19
Eco (Atlantic) Oil & Gas announces results for the three months ended June 30 2019
Eco (Atlantic) Oil & Gas has announced its results for the three months ended 30 June 2019 and provided a corporate and operational update.
22 Aug 19
Mexico: Premier Oil launches formal sales process for its interest in the Zama field offshore Mexico
Announcing its half year results, Premier Oil announced that it has initiated a formal sales process for its interest in the Zama field, offshore Mexico. The Talos-operated Block 7 Zama appraisal campaign successfully completed in July and resulted in Premier increasing its gross resource estimate of the Zama structure to 670-810-970 mmboe (P90-P50-P10).
22 Aug 19
Norway: Enova approves funding to support the Hywind Tampen project to supply renewable power to offshore oil and gas installations
Enova has approved an application for funding of up to NOK 2.3 billion to support the Hywind Tampen project for developing the world’s first floating offshore wind farm supplying renewable power to offshore oil and gas installations. Equinor and its partners are considering the possibility of supplying electricity from a floating offshore wind farm to the Gullfaks and Snorre fields.
22 Aug 19
Falklands: Premier Oil launches farmout process for Sea Lion development offshore Falklands
Announcing its half year results, Premier Oil announced that a formal farm-down process of Premier’s 60 per cent operated interest in Sea Lion Phase 1 has been launched. Sea Lion Phase 1 will develop 250 mmbbls (gross) resources in PL032 using a conventional FPSO based scheme, similar to Premier’s successful Catcher development.
22 Aug 19
UK: Cuadrilla suspends fracking at Lancashire site after biggest tremor yet
Cuadrilla has suspended fracking at Britain's only shale gas exploration site after it recorded its biggest tremor yet. Operations were paused for 18 hours after what it called a 'micro seismic' event of magnitude 1.55 was detected at its Preston New Road site at Little Plumpton, near Blackpool in Lancashire.
22 Aug 19
US: 88 Energy farms out Project Icewine to Premier Oil
Premier Oil has signed a Sale and Purchase Agreement with 88 Energy and Burgundy Xploration to farm-in for a 60 per cent interest in Area A of their conventional Project Icewine acreage in the Alaska North Slope basin.
22 Aug 19
Trinidad: Predator Oil & Gas provides update on Trinidad CO2 EOR operations
Predator Oil & Gas has provided an operations update on the progress of its Pilot CO2 EOR Project at the Inniss Trinity oil field onshore Trinidad.
22 Aug 19
GoM: TechnipFMC awarded a significant integrated EPCI contract for the Shell PowerNap project in the Gulf of Mexico
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation (iEPCI) contract by Shell for the PowerNap project, located in the Gulf of Mexico. PowerNap is a subsea tie-back project to the Olympus production hub and is located in Mississippi Canyon, Block MC943 in the Gulf of Mexico.
22 Aug 19
Premier Oil announces half-year results for the six months to 30 June 2019
Premier Oil has announced its half-year results for the six months to 30 June 2019. The Company reports another strong performance where it has exceeded its financial and operational targets for the period.
22 Aug 19
Norway: Equinor granted drilling permit for well 32/4-2 in PL 921
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for well 32/4-2 in production licence PL 921. The well will be drilled about 28 kms southeast of the Troll field.
22 Aug 19
UK: i3 Energy commences Liberator drilling operations
i3 Energy has announced that the Borgland Dolphin semi-submersible drilling rig has arrived on location at the Liberator field and that the LPt-02 pilot well has now been spud.
22 Aug 19
UK: Reabold Resources increases its investment in Rathlin Energy (UK)
Reabold Resources, the AIM-listed investing company which focusses on investments in pre-cash flow upstream oil and gas projects, has increased its investment in Rathlin Energy (UK), the operator of the West Newton field, through participation in an advanced subscription agreement.
22 Aug 19
UK: Shell completes 3D seismic survey over the Pensacola Prospect on Cluff's Licence P2252 in the Southern North Sea
Cluff Natural Resources has announced that the Company and its Operating Partner, Shell U.K., have completed a broadband 3D seismic survey extending to approx. 420km2 over the Pensacola Prospect on Licence P2252 in the Southern North Sea.
22 Aug 19
Falklands: Rockhopper provides update on Sea Lion development
AIM-listed Rockhopper Exploration has provided a progress update regarding its Sea Lion development located in the North Falkland Basin. 'The Project continues to build momentum with significant progress being made across key areas, all with the aim of moving into the execution phase post sanction.
22 Aug 19
Santos reports record interim underlying profit of USD411 million
Santos has announced its half-year results for 2019, reporting both record EBITDAX and underlying profit. Underlying profit after tax increased by 89 percent to a record USD411 million.
21 Aug 19
Rex International updates business strategy after war chest recharged from Norway asset sales
Rex International has shared its business strategy going forward, after achieving a record profit net of tax of approx. USD26.29 million for the quarter ended 30 June 2019, following the Group’s sale of interests in certain assets in Norway.
21 Aug 19
UAE: ADNOC awards contracts for wells and drilling materials with multi-billion-dollar scope as it drives value through smart procurement
The Abu Dhabi National Oil Company (ADNOC) has announced the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement. The contracts have a combined scope of AED 13.2 billion (USD3.6 billion) and the potential to achieve In-Country Value of over 50 percent.
21 Aug 19
GoM: Gulf of Mexico Lease Sale 253 yields more than USD159 million in high bids
Gulf of Mexico Lease Sale 253 generated more than USD159 million in high bids for 151 tracts covering 835,006 acres in federal waters of the Gulf of Mexico. A total of 27 companies participated in the lease sale.
21 Aug 19
Egypt: Zohr gas production reaches 2.7 bcfd
Eni has announced that the production from the Zohr field, the largest gas discovery ever made in Egypt and in the Mediterranean Sea, has now reached more than 2.7 billion cubic feet per day (bcfd), about 5 months ahead of the Plan of Development (PoD).
21 Aug 19
UK: Petrofac secures three-year Forties contract from INEOS
Petrofac’s Engineering & Production Services (EPS) business has been awarded a three-year Operations & Maintenance Support Services contract from INEOS FPS. Under the terms of the agreement, Petrofac will provide personnel to the Unity Platform in the Central North Sea, the onshore Cruden Bay Terminal and other landline sites.
21 Aug 19
UAE: Aker Solutions to deliver umbilicals for the Dalma gas development project offshore UAE
Aker Solutions has won an order from ADNOC to deliver subsea umbilicals for the Dalma gas development project located offshore UAE in the shallow waters of the Persian Gulf.
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