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04 Feb 20
Chile: GeoPark announces new gas field discovery in Chile
GeoPark has announced the discovery of the new Jauke Oeste gas field in the Fell block in Chile. A production test in the Tobifera formation resulted in an average production rate of 4.4 million standard cubic feet per day of gas (or 729 boepd) and 52 bopd of condensate.
04 Feb 20
UK: Ithaca Energy announces 2020 operations update
Ithaca Energy has provided an operations update ahead of issuance of the 2019 financial results on 31 March 2020. In line with the corporate objectives of Ithaca’s parent company, the Delek Group, during 2020 the Company anticipates exploring potential options to optimise its capital structure, including a potential initial public offering.
04 Feb 20
Turkey: Equinor exits Valeura Energy's Thrace Basin deep gas appraisal programme
Valeura Energy has received notification from its joint venture partner Equinor indicating that it intends to discontinue participation in the deep gas appraisal programme in Turkey's Thrace Basin. The Company expects to continue its deep gas appraisal programme aimed at demonstrating the potential for commercial development.
04 Feb 20
Mozambique: CGG’s Mozambique multi-client survey now available
CGG has announced the final 3D PSDM seismic dataset from its recent 15,400 sq km multi-client survey of the outer Zambezi Delta in the Mozambique Basin is now available for licence. The ultramodern data was acquired over Blocks Z5-C and Z5-D and surrounding open acreage.
04 Feb 20
Cameroon: Tower Resources conducting site survey for the NJOM-3 well in the Thali licence offshore Cameroon
Tower Resources reports that the Geoquip Marine survey vessel MV Investigator is at the proposed site for the NJOM-3 well in the Thali licence, offshore Cameroon, and is presently conducting the site survey.
04 Feb 20
Netherlands: Solo Oil provides update on proposed transaction with ONE Dyas
Solo Oil remains in discussion with ONE Dyas with a view to renegotiating terms on the proposed transaction to acquire a package of non-operated interests in natural gas fields in the Dutch sector of the North Sea.
04 Feb 20
BP announces fourth quarter and full year 2019 results
BP has announced its fourth quarter and full year 2019 results. Underlying replacement cost profit for the fourth quarter and full year 2019 was $2.6 billion and $10.0 billion respectively, compared to $3.5 billion and $12.7 billion for the same periods a year earlier.
04 Feb 20
UK: BP announces first oil from Alligin field, west of Shetland
BP, as operator and on behalf of co-venturer Shell, has announced encouraging early production from the Alligin field in the west of Shetland region, offshore UK. Alligin forms part of the Greater Schiehallion Area.
04 Feb 20
PNG: PGS to acquire Painimaut 3D MultiClient program in Papua New Guinea
PGS will commence the Painimaut 3D MultiClient program in Papua New Guinea ('PNG') in early February. Ramform Hyperion will acquire the survey, which will provide modern 3D data over held and vacant acreage in the frontier Papuan Basin.
04 Feb 20
UK: RockRose Energy acquires 100 percent interest in the Cotton gas field (formerly 'Carna')
RockRose Energy has signed a Sales and Purchase Agreement ('SPA') to acquire 100 percent of the equity of Speedwell Energy (1) Limited, the holder of 100 percent interest in the Cotton gas field in the UK sector of the Southern North Sea.
04 Feb 20
Brazil: Petrobras starts opportunity disclosure stage for the sale of its entire stake in the Papa-Terra field
Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake of the Papa-Terra field, located in deepwater in the Campos Basin.
04 Feb 20
Brazil: Petrobras starts opportunity disclosure stage for Para-Maranhao Basin assets
Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of part of its equity interest in exploratory blocks, belonging to the BM-PAMA-3 and BM-PAMA-8 concessions, located in the Para-Maranhao Basin.
04 Feb 20
Brazil: PetroRio acquires 80 percent interest in the Tubarao Martelo field offshore Brazil
PetroRio has signed binding documents concerning the acquisition of the OSX-3 vessel for USD 140 million and the farm-in for 80 percent in the Tubarao Martelo Field ('TBMT'), where the vessel is currently chartered. The acquisition will allow for the tieback between TBMT and the Polvo Field located in the Campos Basin.
03 Feb 20
UK: Rewiring Britain for a net zero future: Ofgem publishes Decarbonisation Action Plan
Ofgem’s new chief executive Jonathan Brearley has launched Ofgem’s Decarbonisation Action Plan. The plan sets out nine actions. These will ensure energy networks are ready to deliver net zero, support Government to tackle the difficult question of how to decarbonise heat and transport and encourage innovation to provide new low carbon products and services for consumers.
03 Feb 20
UAE: KBR awarded major PMC services contract by ADNOC for Ghasha Concession project
KBR has been awarded a major Project Management Consultancy (PMC) services contract by Abu Dhabi National Oil Company (ADNOC) for the Ghasha Concession portfolio of projects.
03 Feb 20
Oil majors boost demand for floaters as deepwater drilling takes off - Rystad Energy
Rystad Energy reports that demand from the world’s top oil companies for floating drilling units has climbed steadily in the past two years and is set to rise further through 2020 and 2021 as the majors step up development and exploration activity in deepwater basins.
03 Feb 20
Bangladesh: Gazprom and Petrobangla sign Memorandum of Understanding
Gazprom paid a working visit to the People's Republic of Bangladesh. As part of the visit, Gazprom signed with Petrobangla a five-year Memorandum of Understanding for strategic cooperation.
03 Feb 20
Rosneft joins leading oil and gas companies in the Global CDP Climate Change Rating
Rosneft Oil Company has joined the leading global oil and companies - participants of the global CDP (formerly, Carbon Disclosure Project) Climate Change Rating.
03 Feb 20
Norway: PGNiG finalises purchase of additional interests in the Duva field
PGNiG Upstream Norway has obtained a final administrative consent to purchase additional 10% interests in the PL636 and PL636B licences in the North Sea.
03 Feb 20
President Energy announces 2019 full year trading update
President Energy, the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has provided highlights from the unaudited Group management report for the full year 2019, a comparison with the previous year and a review of current trading.
03 Feb 20
ADM Energy signs MOU with Trafigura to develop and finance energy projects in Africa
AIM-listed ADM Energy has entered into a non-binding memorandum of understanding ('MOU') with Trafigura, a market leader in the global commodities industry whose core business is the physical trading of oil and petroleum products and metals and minerals, to develop investment opportunities in the African energy sector.
03 Feb 20
Guyana: Eco (Atlantic) Oil & Gas announces results of new CPR on Tullow-operated Orinduik Block, offshore Guyana
Eco (Atlantic) Oil & Gas has announced the publication of an updated Competent Persons Report ('CPR') on the Tullow-operated Orinduik Block offshore Guyana, which shows a 29 percent increase in Gross Prospective Resources P50 (Best) to 5,141 MMBOE.
03 Feb 20
PNG: Papua New Guinea scraps talks with Exxon on P'nyang gas project
Papua New Guinea has called off negotiations with Exxon Mobil regarding the P’nyang gas project, casting a shadow on a $13 billion plan to double the country’s gas exports by 2024.
02 Feb 20
Brazil: Petrobras releases teasers for sale of wind power plants
Petrobras reports that it has started the opportunity disclosure stage (teaser), regarding the sales of all of its equity stakes in the companies Eolica Mangue Seco 1 and Eolica Mangue Seco 2, owners of wind power generation plants.
02 Feb 20
Chevron announces Q4 2019 results
Chevron reported a loss of $6.6 billion for the fourth quarter 2019, compared with earnings of $3.7 billion in the fourth quarter 2018. Included in the current quarter were previously announced upstream impairments and write-offs totaling $10.4 billion associated with Appalachia shale, Kitimat LNG, Big Foot and other projects. The Company also recognized a $1.2 billion gain on the sale of the U.K. Central North Sea assets in the fourth quarter.
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