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13 Jun 19
SeaBird completes acquisition of BOA Thalassa
Seabird has completed the previously announced acquisition of BOA Thalassa for a purchase price of NOK 92,500,000. The completion of the acquisition of BOA Galatea is in progress and is expected to complete in July/August 2019.
13 Jun 19
Israel: Delek Drilling announces USD 700m Leviathan gas deal with Israel Electric
Delek Drilling has announced that the Leviathan partners have signed a deal with the Israel Electric Corporation to sell 4 billion cubic meters of natural gas over two years. The deal is worth an estimated $700 million.
13 Jun 19
Norway wealth fund must ditch ConocoPhillips after index review
Norway’s wealth fund will have to divest its holdings in ConocoPhillips and Hess after both U.S. oil companies were added to a list which effectively excludes them from the Nordic country’s portfolio.
13 Jun 19
SeaBird announces cancellation of subsequent offering
Seabird has decided not to initiate the subsequent offering of shares that was proposed following the successful completion of the recent private placement which was completed in April, as the Company's shares are currently trading below the offer price in the subsequent offering.
13 Jun 19
Norway: Equinor awards contract for subsea pipelines and marine operations for Johan Sverdrup phase II
On behalf of the Johan Sverdrup licence, Equinor is awarding the contract for subsea pipelines and associated marine operations in the second project phase to Subsea 7. This will increase the share of contracts awarded to Norwegian suppliers in phase 2 of the Johan Sverdrup project to 85 percent.
13 Jun 19
Canada: ION expands 2D multi-client program offshore northeast Canada
ION Geophysical has announced an expansion to the Company’s 2D multi-client program offshore Newfoundland, Canada. Due to continued client interest, the second phase of GrandSPAN has now more than doubled in size from last year’s expectation to nearly 11,000 km.
13 Jun 19
UK: Industry can be an essential partner to UK climate ambitions - OGUK
Speaking in response to the Prime Minister’s commitment to deliver net zero emissions by 2050, OGUK Chief Executive Deirdre Michie set out the role industry can play to enable the energy systems of the future and to help the development of technology that can mitigate carbon from other heavy emitting industries.
13 Jun 19
India: Reliance and BP sanction third phase of integrated KG D6 development
Reliance Industries (RIL) and BP have announced the sanction of the MJ project (also known as D55) in Block KG D6, offshore the east coast of India.
13 Jun 19
Prospex Oil and Gas announces final results
Prospex Oil and Gas, the AIM quoted investment company, has announced its Final Results for the year ended 31 December 2018 and provided an update on its operations in Romania, Italy and Spain.
13 Jun 19
GoM: Talos Energy's GC 21 'Bulleit' appraisal confirmed as commercial discovery
Otto Energy has announced that the evaluation of the upper DTR-10 target in the Bulleit oil appraisal well, operated by Talos Energy, has confirmed that the well has delivered a commercial outcome, with development plans progressing.
13 Jun 19
Australia: Blue Energy completes successful capital raising to fund North Bowen Basin gas projects
Australia's Blue Energy has announced the successful completion of an over-subscribed AUD 4.2million placement. Funds will be used to advance Blue Energy’s gas projects and activities primarily in the North Bowen Basin.
12 Jun 19
Canada: Husky accepts fines for 2016 Saskatchewan oil spill
Husky entered guilty pleas on federal and provincial charges related to a 2016 oil spill in Saskatchewan and will pay fines totaling USD 3.82 million.
12 Jun 19
Chad: Glencore puts Chad oilfields up for sale - sources
Mining and trading giant Glencore has put its oilfields in Chad up for sale, according to sources, in a retreat from its foray into oil production following asset writedowns over the past decade.
12 Jun 19
Colombia: Canacol Energy’s Acordeon-1 tests 33 MMSCFPD at significant new gas discovery
Canacol Energy has provided the results of the Acordeon-1 exploration well located on its 100 percent operated VIM 5 block in the Lower Magdalena Valley Basin of Colombia. The well encountered 420 feet of gross gas pay and flowed at a final rate of 33 MMscfpd. The well will be brought onto permanent production by the end of July 2019.
12 Jun 19
GoM: Danos provides integrated operations for Shell's Enchilada platform
Danos has been awarded multiple contracts with Shell to provide integrated operations on its Enchilada platform in the Gulf of Mexico.
12 Jun 19
GoM: CGG cuts cycle time of OBN imaging at Mad Dog field
Subsurface Imaging, part of CGG’s Geoscience division, has delivered a step-change in subsalt image quality over the Mad Dog field in the Green Canyon area of the Gulf of Mexico.
12 Jun 19
Norway: Sleipner partnership releases CO2 storage data
Equinor and its partners will disclose a dataset from the Sleipner field; the world's first offshore CCS plant, in a push to advance innovation and development in the field of CO2 storage.
12 Jun 19
Oman: Petrofac secures contract with Petroleum Development Oman
Petrofac has secured its third project under a 10-year Framework Agreement with Petroleum Development Oman (PDO) with the award of a procurement services project for the Mabrouk North East Line Pipe Procurement Project in Oman.
12 Jun 19
India: SAExploration completes largest shallow water ocean-bottom marine seismic project in Company’s history
SAExploration has successfully completed the largest shallow water ocean-bottom marine project in the Company’s history. The project, located in the Arabian Sea off the coast of India, utilized over 20 vessels, which included three ocean-bottom node deployment vessels and two seismic source vessels operating in dual source/simultaneous source mode.
12 Jun 19
Norway: Neptune Energy awards EPCIC contracts for subsea tie-backs to Gjøa
Neptune Energy has announced that Rosenberg WorleyParsons has been awarded contracts for modifications on the Neptune operated Gjøa semi-submersible platform. The EPCIC contracts cover topside modifications to be carried out on the Gjøa platform as part of the Duva and Gjøa P1 projects.
12 Jun 19
Brazil: Libra Consortium takes final investment decision on Mero-2 FPSO in Brazil’s pre-salt
Libra Consortium has announced the final investment decision to contract the Mero-2 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field offshore Santos Basin in Brazil.
12 Jun 19
Mexico: Shell to invest at least USD 397 million in Mexican deepwater oil projects
Mexico’s independent oil regulator on Tuesday approved deepwater energy exploration plans for five areas operated by Royal Dutch Shell in Mexican waters near the maritime border with the United States. The plans commit the Anglo-Dutch oil major to invest at least USD 397 million over the next four years.
12 Jun 19
Australia: Queensland royalty hike threatens gas investment
The Queensland Government has announced an across the board retrospective increase in the petroleum royalty rate from 10 per cent to 12.5 per cent, effective 1 July, on all gas produced in Queensland.
11 Jun 19
BP Statistical Review of World Energy 2019: an unsustainable path
BP has released the 68th annual edition of the BP Statistical Review of World Energy, the most comprehensive collection and analysis of global energy data. This year's edition highlights the growing divergence between demands for action on climate change and the actual pace of progress on reducing carbon emissions.
11 Jun 19
Wintershall Dea seeks European IPO in second half of 2020
Newly created oil and gas group Wintershall DEA plans to hold an initial public offering in the second half of the next year, its chief executive told Reuters, in a deal that could become one of the largest European listings in 2020.
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