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06 Feb 20
Canada/US: TGS begins acquisition of two new onshore 3D seismic projects
TGS has started acquisition of the Plains 3D seismic survey in the Northern Shelf area of the Midland Basin and Ravenclaw 3D in the Edson area of Alberta, CA.
06 Feb 20
US: CGG and Fairfield Geotechnologies collaborate on new multi-client program in the Central Basin Platform
CGG and Fairfield Geotechnologies have signed a second cooperation agreement to acquire a series of large-scale, high-density, multi-client surveys in the Central Basin Platform (CBP) of the Permian Basin located in West Texas.
06 Feb 20
Israel: Energean provides update on FPSO for the Karish development and potential impact of the Novel Coronavirus
Energean Oil and Gas has issued an update on the potential impacts of the Novel Coronavirus on the construction of the Energean Power FPSO Hull, which is currently being built in China, and the overall project timetable. Work on the hull is ongoing and, at this stage, Energean re-iterates that the Karish Project remains on track to deliver First Gas in 1H 2021.
06 Feb 20
Iraq: Genel Energy announces update on Tawke PSC
Genel Energy has announced an update on the DNO-operated Tawke PSC. Gross production from the Tawke license, containing the Tawke and Peshkabir fields, averaged 122,800 bopd during the fourth quarter of 2019.
06 Feb 20
Trinidad: Touchstone's Cascadura well test confirms substantial liquids rich gas discovery
Touchstone Exploration has announced that flowback testing of the first stage of the Cascadura-1ST1 well on the Ortoire Block in Trinidad has been completed, confirming that the well is a significant liquids rich natural gas discovery.
06 Feb 20
UK: Hurricane Energy announces operational update
Hurricane Energy, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has provided an operational update.
06 Feb 20
Equinor sets ambition to reduce net carbon intensity by at least 50 percent by 2050
Equinor has launched a new climate roadmap aiming to ensure a competitive and resilient business model in the energy transition, fit for long term value creation and in line with the Paris Agreement.
06 Feb 20
Equinor announces fourth quarter 2019 and year end results
Equinor reports adjusted earnings of USD 3.55 billion and USD 1.19 billion after tax in the fourth quarter of 2019. IFRS net operating income was USD 1.52 billion and the IFRS net income was negative USD 0.23 billion, following net impairments of USD 1.41 billion.
06 Feb 20
Wood reaches agreement to sell industrial services business
Wood has announced the sale of its industrial services business to technical services provider, Kaefer, for an initial cash consideration of circa USD104 million and a further potential payment of up to circa USD14m pending achievement of agreed financial goals.
06 Feb 20
DNO reports record revenues and production
DNO, the Norwegian oil and gas operator, has reported interim 2019 revenues of USD 971 million, the highest in the Company's 48-year history, on the back of acquisitions and a record drilling campaign driving a 28 percent year-on-year increase in Company Working Interest production to 104,800 boepd. Net profit last year stood at USD 74 million.
05 Feb 20
Australia: Doriemus announces withdrawal from L15 farmout with Rey Resources
Doriemus has provided a notice of withdrawal of the relevant L15 Farmout Agreement to Rey Resources. The withdrawal ceases the right of Doriemus to earn an interest in L15 and brings the L15 Farmout Agreement to an end.
05 Feb 20
Trinidad: McDermott awarded contract by BHP for Ruby Project, offshore Trinidad and Tobago
McDermott International has been awarded a large contract by BHP to provide subsea umbilicals, risers and flowlines (SURF), transportation and installation (T&I), pre-commissioning of one jacket and topsides for the Ruby Project, offshore Trinidad and Tobago.
05 Feb 20
Namibia: ReconAfrica acquires rig for its Kavango Basin drilling program onshore Namibia
Reconnaissance Energy Africa has entered into a binding Asset Purchase Agreement with Henderson Rigs (Houston) for the acquisition of a Crown 750 drilling rig. It is anticipated the rig will be on the first drilling location in the newly discovered Kavango Sedimentary Basin in northeast Namibia by the second half of June.
05 Feb 20
Equatorial Guinea: Trident Energy commences new 4D seismic survey over its Block G assets
Trident Energy has commenced 4D seismic acquisition operations over its Block G assets, which contain the Ceiba and Okume fields, and are situated 15 km offshore Equatorial Guinea in water depths ranging from 100 to 1,200m. The acquisition is being carried out by Polarcus Naila.
05 Feb 20
Timor Leste: Baron Oil provides information on the 1998 Chuditch-1 discovery offshore Timor Leste
Baron Oil has provided information on the 1998 Chuditch-1 discovery offshore Timor Leste in which it is entitled to an indirect net 25 percent interest through its entitlement to a one third shareholding in Singapore-based SundaGas.
05 Feb 20
Ireland: Europa Oil & Gas announces relinquishment of Irish Licensing Option 16/19
Europa Oil & Gas has elected to relinquish its interest in Licensing Option (‘LO’) 16/19 in the South Porcupine Basin, offshore Ireland. Following the relinquishment of LO 16/19, Europa’s licence position offshore Ireland comprises five 100 percent-owned licences.
05 Feb 20
Argentina: Echo Energy provides Argentina production update
Echo Energy, the Latin American focused upstream oil and gas company, has provided an update on production from the Company's recently acquired 70 percent non-operated working interest in the Santa Cruz Sur assets, onshore Argentina.
05 Feb 20
Cameroon: Victoria Oil & Gas announces operations update
Victoria Oil & Gas, a Cameroon based gas producer and distributor, has provided an update on its operations in Cameroon. The Company's wholly-owned subsidiary, Gaz du Cameroun, has entered into a non-binding LOI with New Age Cameroon Offshore Petroleum for the supply of a minimum of 25mmscfd of gas from the Etinde natural gas and condensate field.
05 Feb 20
TransGlobe Energy announces its 2020 capital budget and 2019 year-end reserves
TransGlobe Energy has announced its 2020 capital budget, 2020 production guidance, and 2019 year-end reserves. TransGlobe has set its 2020 capital budget at USD37.1 million.
05 Feb 20
Melbana Energy terminates off-market takeover bid for Metgasco
Melbana Energy has advised that offers made under the off-market takeover bid made by Melbana Energy for all of the ordinary shares in Metgasco have now closed. Melbana Energy received acceptances under the offers in respect of 27.81 percent of the ordinary shares in Metgasco.
05 Feb 20
Mongolia: Elixir Energy reports positive results at the Nomgon CBM well
Elixir Energy's Nomgon-1 CBM well in Mongolia has intersected 82 metres of net coal with thickest coal seam of 51 metres. Visible coal quality is highly encouraging for gas content and permeability.
04 Feb 20
Guyana’s GDP to skyrocket in coming years as oil output gathers momentum - Rystad Energy
Oil production estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach USD30 billion within 10 years, according to fresh research by Rystad Energy.
04 Feb 20
Cameroon launches tender for a feasibility study for a 3D seismic acquisition project onshore Douala/Kribi-Campo Basin
Cameroon's National Hydrocarbons Corporation (NHC) has launched an Open International Invitation to Tender (AOIO) for the selection of a company to carry out a feasibility study for a 3D seismic acquisition project onshore Douala/Kribi-Campo basin.
04 Feb 20
Mexico: Grupo R and Shell Mexico sign contract for deep water drilling in the Gulf of Mexico
Grupo R has signed a contract with Shell Mexico for the lease of the La Muralla IV platform to operate in the deep waters of the Gulf of Mexico.
04 Feb 20
Bahrain: Eni signs a MOU to strengthen collaboration in Bahrain’s energy sector
Eni has signed an agreement with Bahrain that will enhance collaboration in the energy sector, by facilitating the joint assessment and launch of new initiatives in areas of mutual interest, including renewable energy, LNG supply and exploration.
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