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27 Aug 20
United welcomes new investors as Rockhopper shares placed
AIM listed United Oil & Gas has announced the successful placing of Rockhopper Exploration's 18.3% shareholding in United, with a small number of institutional investors and one private investor.
27 Aug 20
Malaysia’s DNeX enters into HOA to acquire Ping Petroleum
Malaysian company DNeX has entered into a heads of agreement ('HOA') with Ping Petroleum for DNeX to make an offer through Ping to acquire the remaining equity interest in Ping not currently owned by DNeX.
27 Aug 20
US: Falck Renewables and Eni sign agreement to acquire wind and solar projects in the US
Falck Renewables and Eni New Energy US Inc have announced the signing of an agreement with Building Energy S.p.A. to acquire Building Energy Holdings US, whose business consists of 62 MW of operating wind and solar projects in the US, a development and asset management team and a pipeline of wind projects up to 160 MW.
27 Aug 20
Mozambique: Total signs MoU with the Government of Mozambique regarding the security of Mozambique LNG project activities
Total E&P Mozambique Area 1, operator of the Mozambique LNG project, has signed a new Memorandum of Understanding with the Government of Mozambique regarding the security of Mozambique LNG project activities.
27 Aug 20
Senegal: FAR announces Sangomar update
FAR Ltd has provided an update on its interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) Contract Area, offshore Senegal. FAR continues to progress a sale of all or part of its working interest.
27 Aug 20
Neptune Energy announces H1 2020 results
Neptune Energy has announced its financial results for the first half of 2020. The Company reports EBITDAX of USD537.6 million and cash flow of USD417.3 million in H1 2020, reflecting weaker commodity prices, partially offset by hedging gains and cost reductions.
27 Aug 20
UK: Independent Oil and Gas announces 1H 2020 interim results
AIM-listed Independent Oil and Gas, the development and production company focused on becoming a substantial UK gas producer, has announced its unaudited interim results for the six months ended 30 June 2020. The Company reports Core Project Phase 1 development maintaining schedule towards First Gas target of Q3 2021.
27 Aug 20
Brazil: DOF Subsea awarded multiple contracts by Petrobras
DOF Subsea has announced four new contracts with Petrobras. At least three vessels from the DOF fleet will be mobilised to perform flexible pipeline, risers and subsea equipment inspection in Campos Basin, Santos Basin, Marlin Field and Espírito Santos Basin.
27 Aug 20
Vietnam: McDermott awarded FEED contract by Delta Offshore Energy for gas pipeline in Vietnam
McDermott International has been awarded a contract by Delta Offshore Energy to provide front-end engineering design (FEED) services for a subsea gas pipeline which will connect an offshore regassification platform to the planned 3,200 MW power plant in Bac Lieu Province, Vietnam.
27 Aug 20
Gabon/Tunisia: Panoro Energy announces 1H results and provides operations and corporate updates
Panoro Energy has announced its financial and operating results for the six months ended 30 June 2020. Despite significant challenges remaining due to COVID-19, the Company is well positioned to deliver organic growth through a focus on boosting production in Tunisia and on restarting delayed activity in Gabon.
27 Aug 20
UK: Ithaca Energy announces H1-2020 financial results
Ithaca Energy has announced its financial results for the six months ended 30 June 2020. The Company reports strong operational performance with limited disruption arising from Covid-19 related restrictions.
27 Aug 20
Polarcus awarded XArray 3D project in West Africa
Polarcus has announced the award of an XArray 3D marine seismic acquisition project in West Africa commencing in October 2020 with a duration of approx. 2 months.
27 Aug 20
Norway/UK: CGG adds second azimuth to Northern Viking Graben multi-client survey
CGG has announced the commencement of a new multi-client 3D survey in the Northern North Sea. The survey will provide a second azimuth over CGG’s existing Northern Viking Graben (NVG) multi-client 3D survey and extend into open acreage on offer in the UK 32nd License Round.
26 Aug 20
LEKOIL announces FY 2019 final results
AIM-listed LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced its final audited results for the year to 31 December 2019.
26 Aug 20
Namibia: ReconAfrica provides Kavango Basin operations update
Reconnaissance Energy Africa (ReconAfrica) has provided an operations update in opening the deep Kavango Basin in northeastern Namibia. The Company is now funded to initiate and complete a three well drilling program in the most opportune parts of the Kavango Basin, with the initial goal of establishing an active Permian aged petroleum system.
26 Aug 20
Cambodia: KrisEnergy hits milestone in Cambodia Block A Apsara oil development as platform sails for field location
KrisEnergy has announced that fabrication of the minimum facilities wellhead platform ('Mini-Platform') for the Apsara oil development offshore Cambodia Block A is completed and the topsides and jacket are being transported to Cambodian waters in the Gulf of Thailand for installation.
26 Aug 20
Brazil: Fugro wins three long-term ROV services contracts with Petrobras in Brazil
In partnership with Solstad and Oceanpact, Fugro has been awarded three long-term contracts by Petrobras to provide remotely operated vehicle (ROV) services for a variety of subsea activities in Brazil.
26 Aug 20
BW Energy announces second quarter and first-half 2020 results
BW Energy has announced second quarter and first-half 2020 results. EBITDA for the second quarter of 2020 was USD 21.8 million, up from USD 14.8 million in the first quarter of 2020 due to increased oil sales and realised oil price.
26 Aug 20
Botswana: Tlou Energy announces transmission line and funding update
Tlou Energy an ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the exploration and development of gas and solar, has provided an update in relation to the proposed transmission line to connect Tlou's Lesedi Power project to the BPC electricity grid.
26 Aug 20
Valaris receives NYSE notice of immediate suspension of trading and delisting of Valaris common stock
Valaris, the industry leader in offshore drilling services across all water depths and geographies, has announced that on August 19, 2020 it was notified by the New York Stock Exchange ('NYSE') of its determination to indefinitely suspend trading of the Company’s common stock and to commence proceedings to delist the Company’s common stock from the NYSE.
26 Aug 20
Australia: Empire Energy raises A$10m to progress Beetaloo Basin exploration
Empire Energy has announced that gross proceeds of A$10million has been raised through an unconditional single-tranche placement to institutional and sophisticated investors. Empire is now fully funded to execute drilling Carpentaria-1 in the Beetaloo Basin in the Northern Territory to begin in September 2020, and fracture stimulation and flow testing planned for Q2 2021.
26 Aug 20
Pharos Energy announces interim results for the half-year to 30 June 2020
Pharos Energy has announced its interim results for the six months ended 30 June 2020 and provided an update on its operations in Vietnam, Egypt and Israel. Group production remains in line with guidance for 2020 and the period saw real progress for the Group as it was granted an extension to its TGT and CNV licences in Vietnam.
26 Aug 20
President Energy announces operational and corporate update
President Energy, the energy company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has provided an operational and corporate update.
26 Aug 20
Australia announces 2020 Offshore Petroleum Exploration Acreage Release
Australia has announced the 2020 Offshore Petroleum Exploration Acreage Release, comprising 42 areas in Commonwealth waters off Western Australia, Victoria, Northern Territory and the Territory of Ashmore and Cartier Islands.
26 Aug 20
HEA wins Oil and Gas Advisor award in the 2020 Finance Monthly M&A Awards
Commercial Consultancy and Transaction Advisory company Holt Energy Advisors ('HEA') has been named the winner of 'Oil and Gas Advisor of the Year' as part of Finance Monthly's 2020 M&A Awards.
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