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21 Aug 20
Kenya: JV partners withdraw notices of force majeure on Blocks 10BB and 13T in Kenya
Africa Oil has announced that the joint venture partners on the Tullow Oil operated Blocks 10BB and 13T in Kenya have submitted a letter to the Kenyan Ministry of Petroleum and Mining to withdraw the notices of force majeure that were declared on May 15, 2020.
21 Aug 20
Australia: Vintage Energy completes highly successful Vali-1 ST1 flow-test program
The ATP 2021 joint venture has advised that the highly successful flow test program for Vali-1 ST1 in the Cooper Basin has completed, with all fracture stimulated zones contributing to gas flow.
20 Aug 20
Eco (Atlantic) announces unaudited results for the three months ended 30 June 2020
Eco (Atlantic) Oil & Gas, the oil and gas exploration company with license interests in Guyana and Namibia, has announced its results for the three months ended 30 June 2020, alongside a corporate and operational update.
20 Aug 20
SDX Energy announces H1 2020 financial and operating results
AIM-listed SDX Energy, the MENA-focused oil and gas company, has announced its unaudited financial and operating results for the six months ended 30 June 2020. The Company reports a strong first half of 2020. Production hit record levels and important discoveries were made in both Egypt and Morocco.
20 Aug 20
Santos reports 2020 half-year results
Santos has reported first half free cash flow of US$431 million and underlying profit of US$212 million. The results reflect significantly lower oil prices compared to the previous first-half due to the impact of COVID-19 on global oil demand. The reported net loss after tax of US$289 million includes the previously announced non-cash impairment due to revised oil price assumptions.
20 Aug 20
Norway: Maersk Drilling secures additional one-well contract for low-emission rig under the Aker BP alliance
Maersk Drilling has been awarded an additional one-well contract from Aker BP for the low-emission jack-up rig Maersk Integrator. In direct continuation of its previously announced work scope, the rig will move to the Ula field offshore Norway to drill the Ula F – Producer 1 well.
20 Aug 20
Petrosen increases its stake in the Sangomar Exploitation Area
FAR Ltd and its Sangomar RSSD joint venture partners have executed documentation confirming State oil company Petrosen’s decision to increase its stake in the Sangomar Exploitation Area from 10 percent to 18 percent.
20 Aug 20
Vietnam: Shearwater GeoServices receives SK Innovation 3D award offshore Vietnam
Shearwater GeoServices has received an award for a towed streamer 3D acquisition by SK Innovation, the operator of Vietnam Block 16-2.
20 Aug 20
Brazil: TechnipFMC wins subsea EPCI for the Libra Consortium’s Mero 2 project, offshore Brazil
TechnipFMC has been awarded a large contract for Engineering, Procurement, Construction and Installation (EPCI) through a competitive contracting process, by Petrobras, the leader and operator of the Libra Consortium, for the pre-salt Mero field, located in the Santos Basin (Brazil) at 2,100 meters deep.
20 Aug 20
Premier Oil announces half year results for the six months to 30 June 2020 - agrees refinancing heads of terms with a subset of creditors
Premier Oil has announced its half-year results for the period ended 30 June. Separately, the Group has announced a proposed long-term refinancing of its business.
19 Aug 20
UK: Neptune Energy and Eserv partner for digitisation of Cygnus platform
Neptune Energy has announced an exciting new partnership with 3D technology specialist, Eserv, as part of the ongoing digitalisation of Neptune’s assets including its operated Cygnus gas platform in the UK southern North Sea.
19 Aug 20
Singapore: PUB and Sembcorp commence construction of 60 MWp floating solar photovoltaic system on Tengeh reservoir
Singapore's National Water Agency PUB and Sembcorp Industries, Singapore’s leading renewable energy player, have commenced construction of the 60 megawatt-peak (MWp) floating solar photovoltaic (PV) system on Tengeh Reservoir, marking a significant milestone in building one of the world’s largest inland floating solar PV systems, which will enable Singapore to be one of the few countries in the world to integrate green technology with water treatment.
19 Aug 20
UK: Estimated costs for UKCS decommissioning continue to fall - OGA
The total cost of UK offshore oil and gas decommissioning has fallen by a further 2% on a like-for-like basis in 2019 to £48bn, according to the Oil and Gas Authority (OGA).
19 Aug 20
Interior and Norway strengthen offshore energy and mineral resource knowledge and experience
The U.S. Department of the Interior has formalised its partnership with the Ministry of Petroleum and Energy of the Kingdom of Norway to strengthen cooperation in offshore mineral, oil and gas, and wind energy activities.
19 Aug 20
CNOOC Limited announces its 2020 interim results
CNOOC Limited has announced its 2020 interim results for the six months ended June 30, 2020. In the first half of the year, a total of 5 discoveries were made, and 20 oil and gas bearing structures were successfully appraised.
19 Aug 20
Valaris voluntarily files for a Chapter 11 financial restructuring
Valaris has announced that it has entered into a binding Restructuring Support Agreement (RSA) and Backstop Commitment Agreement (BCA) with approx. 50% of its noteholders. To implement the terms of the RSA and the BCA, Valaris has voluntarily filed for a Chapter 11 financial restructuring in the United States Bankruptcy Court.
18 Aug 20
Angola: Qatar Petroleum farms into offshore Angola Block 48
Qatar Petroleum has entered into a farm-in agreement with Sonangol, the national oil company of Angola, and Total to acquire a 30 percent participating interest in Block 48, located in the ultra-deep waters offshore Angola.
18 Aug 20
Brazil: Total launches Phase 3 of the giant Mero field development
Total and its partners have taken the investment decision for the third phase of the Mero project (Libra block), located deep offshore, 180 kms off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin.
18 Aug 20
UK: Union Jack Oil provides West Newton operations update
Union Jack Oil has provided an update on the activities at the West Newton B site in PEDL183, located in East Yorkshire and within the Western sector of the Southern Zechstein Basin. PEDL183 contains the conventional West Newton A-1 discovery well and the successful West Newton A-2 appraisal well.
18 Aug 20
Brazil: Enauta agrees sale of its working interest in the Manati field
Enauta subsidiary Enauta Energia has executed an agreement for the sale of its entire stake (45%) in the Manati field to Gas Bridge S.A. The Manati field is located in Block BCAM-40 in the Camamu Basin, off the coast of Bahia.
18 Aug 20
Brazil: Petro Rio starts production at new well in the Tubarao Martelo field
Petro Rio has provided an update on the results of the Revitalization Campaign in the Tubarao Martelo field, in the Campos Basin, offshore Brazil.
18 Aug 20
Australia: BHP to sell stake in Exxon-operated Bass Strait venture
BHP has announced its intention to sell its 50% stake in the Exxon-operated Bass Strait venture, which could be worth up to up to $3 billion.
18 Aug 20
UK: OGUK webinar to highlight progress on sector’s road to recovery
OGUK’s drive to ensure the UK oil and gas sector is taking collective action to stimulate its own recovery comes under focus in a free webinar featuring leading industry figures on Thursday 27 August.
17 Aug 20
Denmark: Allseas completes topsides removal scope for Total’s Tyra redevelopment
Allseas’ heavy lift vessel Pioneering Spirit has completed a successful processing and accommodation topsides and flare jackets removal campaign as part of the Tyra Redevelopment Project for Total E&P Denmark.
17 Aug 20
Algeria: Wintershall Dea signs MOU with Algeria’s Sonatrach
Wintershall Dea has signed a Memorandum of Understanding with Sonatrach, aimed at strengthening cooperation in Algeria. The MOU agrees to explore cooperation possibilities and has a term of two years.
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