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27 Jan 20
Mexico: BHP awards DORIS the engineering of Trion SURF and export package
BHP Petroleum has contracted DORIS for the execution of Engineer Services for the SURF and Export Pipeline scopes of work of the Trion Project located in the Mexican Sector of the Gulf of Mexico.
27 Jan 20
Argentina: President Energy announces new Argentina independently certified reserves report
President Energy has announced its new independently certified hydrocarbon reserves report on its assets in Argentina.
27 Jan 20
UK: Jersey Oil and Gas acquires Equinor's interest in the Verbier oil discovery
AIM-listed Jersey Oil & Gas has entered into a conditional Sale and Purchase Agreement to acquire operatorship of, and an additional 70 percent working interest in Licence P2170 (Blocks 20/5b and 21/1d) from Equinor. The Licence contains the Verbier Upper Jurassic (J62-J64) reservoir oil discovery.
27 Jan 20
Nigeria: LEKOIL announces update on Otakikpo operations
LEKOIL has announced, on behalf of the Otakikpo JV, an operational update on Otakikpo Marginal Field in OML 11. The Otakikpo JV, on 25 January 2020, completed the first crude oil lifting of this year by the nominated offtaker, Shell Western Supply and Trading.
27 Jan 20
Russia: Volga Gas announces preliminary results of reservoir study on the Vostochny Makarovskoye and Dobrinskoye fields
Volga Gas, the oil and gas exploration and production group operating in the Volga Region of Russia, has provided an update on the preliminary reserves estimates in its Vostochny Makarovskoye ('VM') and Dobrinskoye fields.
27 Jan 20
Lundin Petroleum launches Decarbonisation Strategy targeting carbon neutrality by 2030 and proposed name change to Lundin Energy
Lundin Petroleum has announced the launch of its Decarbonisation Strategy, which targets carbon neutrality by 2030. In relation to this, and to better reflect the business today and the clear actions and targets towards a lower carbon future, the Board is proposing to change the name of the Company to Lundin Energy.
26 Jan 20
Iran’s Petropars developing South Pars gas field after withdrawal of foreign companies
Iran’s Petropars will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC), Iran’s oil minister was quoted as saying.
26 Jan 20
Netherlands: Stork JV awarded engineering services contract for Neptune Energy's Dutch assets in the North Sea
Fluor Corporation has announced that Neptune Energy awarded a four-year framework agreement to its Stork Worley Integrated Solutions joint venture for engineering, procurement, construction, installation and commissioning, and decommissioning services for a brownfield modification for Neptune Energy's Dutch assets in the North Sea.
26 Jan 20
US: Encana completes reorganization and establishes corporate domicile in the U.S.
Encana has announced the completion of a previously announced series of reorganization transactions resulting in the company establishing its corporate domicile in the U.S., rebranding under the name Ovintiv and completing a consolidation and share exchange.
26 Jan 20
Orca Exploration announces outcome of its strategic review process and its focused strategy to grow an integrated gas business in Africa
Orca Exploration has announced the authorization of a substantial issuer bid, the outcome of its strategic review process, and its focused strategy to grow an integrated gas business in Africa.
24 Jan 20
SAExploration announces new project awards offshore West Africa
SAExploration has announced two new projects in offshore West Africa. The projects are valued at approx. $42 million in aggregate and are scheduled to occur primarily during the 2nd quarter of 2020.
24 Jan 20
Brazil: Oil production in Brazil exceeds one billion barrels for the first time
Brazil's ANP reports that oil production in Brazil in 2019 rose 7.78 percent and exceeded one billion barrels for the first time. Once again, the Lula field, in the Santos Basin, was the largest producer of oil and natural gas.
24 Jan 20
Kenya: Total and Tullow launch joint sale of stakes in Kenyan oil project
Total and Tullow Oil aim to reduce their stakes in Kenya’s first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project’s launch, banking and industry sources said.
24 Jan 20
88 Energy announces Placement to raise AUD5.0 million
88 Energy has announced a Placement to raise AUD5.0 million. Capital raised will be used to fund the ongoing evaluation of the conventional and unconventional prospectivity of the Company's existing assets, including its share of any potential costs in respect to the upcoming Charlie-1 well, and to enable it to identify and exploit new opportunities on the North Slope of Alaska.
24 Jan 20
Trinidad: Columbus Energy to test Saffron well - South West Peninsula, Trinidad
Columbus Energy has completed the interpretation of the Saffron cased hole logging, with the result supporting the completion and testing of the Saffron well in February 2020.
23 Jan 20
US: USGS estimates 3.6 billion barrels of oil in Alaska's Central North Slope
One of the most productive areas in the world for oil remains rich in the resource, according to the latest USGS assessment. The USGS estimates 3.6 billion barrels of oil and 8.9 trillion cubic feet of natural gas conventional resources in Alaska’s Central North Slope.
23 Jan 20
UK: Fred.Olsen completes decommissioning of Tyne and Guinevere gas platforms in the Southern North Sea
During the second week of January 2020, Fred. Olsen Windcarrier’s jack-up vessel Blue Tern, successfully completed the offshore works related to decommissioning of the Tyne and Guinevere gas platforms in the Southern North Sea for Perenco UK.
23 Jan 20
GoM: Worley awarded FEED contract for TOTAL's North Platte field in the Gulf of Mexico
Worley has been awarded the Front-End Engineering Design contract for TOTAL E&P USA’s North Platte field development in the Gulf of Mexico.
23 Jan 20
Norway: The world’s first carbon-free ammonia-fuelled supply vessel on the drawing board
Equinor has signed an agreement with Eidesvik Offshore for the modification of the Viking Energy supply vessel, to make it capable of covering long distances fuelled by carbon-free ammonia. The vessel will transport supplies to installations on the Norwegian continental shelf (NCS).
23 Jan 20
India: ONGC gets 28 bids for 50 marginal fields in first offer involving private sector
State-owned ONGC has received bids for 50 out of the 64 small and marginal oil and gas fields it offered in a bidding round for raising production by involving private companies. As many as 12 companies made 28 bids for 50 fields at the close of bidding on January 17.
23 Jan 20
Nigeria: ADM Energy to increase its investment portfolio cross Nigeria and West Africa
AIM-listed ADM Energy, a company which currently holds an interest in OML 113, offshore Nigeria, which contains the Aje field, has oulined a strategy to build a larger investment portfolio of projects across Nigeria and West Africa in 2020 and beyond.
23 Jan 20
Kazakhstan: Condor Petroleum receives a further USD18.7 million for sale of oil fields in Kazakhstan
Condor Petroleum has announced the receipt of a further USD18.7 million of the sale proceeds for the Company’s previously announced sale of its Shoba and Taskuduk oilfields in Kazakhstan.
23 Jan 20
Ireland: Europa Oil & Gas provides update on farmout of FELs 4/19, 1/17 and 3/13 offshore Ireland
Europa Oil & Gas has provided an update on the farm-out process in respect of the Company’s 100% owned Frontier Exploration Licences (FELs) 4/19, 1/17 and 3/13 offshore Ireland. Discussions with several parties regarding the farm-out of the Licences are continuing.
23 Jan 20
Indonesia: Mubadala completes farmout of Andaman I and South Andaman PSCs to Premier Oil
Mubadala Petroleum has completed the farmout of a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs) to Premier Oil following Indonesian Government approvals.
23 Jan 20
Colombia: ION signs multi-client agreement for 2D and 3D programs offshore Colombia
ION Geophysical has entered into a multi-client agreement with Colombia’s National Hydrocarbon Agency, the ANH, granting rights to reprocess existing data and acquire new 2D and 3D multi-client programs offshore Colombia’s Caribbean coast.
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