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14 Sep 20
US: Mosman Oil and Gas announces Stanley-4 drilling update
AIM-listed Mosman Oil and Gas has advised that the Stanley-4 well in East Texas has completed drilling after reaching the target depth. Logs indicate several potential pay zones, making a total of four wells drilled by the joint venture at the Stanley project, with positive results.
14 Sep 20
Australia’s gas and coal demand for power has peaked - to be overtaken by solar and wind from 2026 - Rystad Energy
Australia’s top two electricity generation sources, coal and natural gas, have both seen demand in the country peak, a Rystad Energy analysis shows. The combined power production from coal and gas will be overtaken by electricity generated by solar photovoltaic (PV) and onshore wind farms from 2026.
14 Sep 20
UK: Union Jack Oil announces unaudited results for the six months ended 30 June 2020
Union Jack Oil, a UK focused onshore conventional oil and gas production, development and exploration company, has announced its unaudited results for the Half Year ended 30 June 2020. The Company has seen significant progress at our three key project interests, namely West Newton, Wressle and Biscathorpe.
14 Sep 20
Romania: ADX Energy provides update on acidisation and flow testing of Iecea Mica-1 well
ADX Energy has advised that the IMIC-1 well was acidised and back flowed 10th and 11th of September 2020 with the assistance of nitrogen injected to the bottom of the well using coiled tubing.
14 Sep 20
Australia: Strike Energy completes farmout of Walyering Perth Basin discovery to Talon Petroleum
Strike Energy has executed the previously announced farm-out of a 45% non-operated interest in EP447, which contains the Walyering Perth Basin discovery, to Talon Petroleum in exchange for a $6 million carry.
13 Sep 20
UK: Independent Oil and Gas confirms possible offer for Deltic Energy
Independent Oil & Gas said Friday that it notes the recent movement in the share price of Deltic Energy and confirms that it is considering a possible all-share offer for the entire issued and to be issued share capital of Deltic.
13 Sep 20
UK: OGUK’s response to Climate Assembly UK report
OGUK has welcomed the final report released by Climate Assembly UK which states that the country’s path to net zero must be underpinned by education, choice, fairness and political consensus. OGUK is already discussing a transformational North Sea Transition Deal with the UK Government.
13 Sep 20
Brazil: Petrobras starts binding phase for the sale of its stake in Espirito Santo Basin blocks
Petrobras has started the binding phase regarding the sale of a part of its interest in the exploratory blocks belonging to the concessions ES-M-596-R11, ES-M-598-R11, ES-M-671-R11, ES-M-673-R11 and ES-M-743-R11, located in the Espírito Santo Basin.
13 Sep 20
Polarcus reports Vyacheslav Tikhonov charter extended for 3 years
Polarcus reports that Sovcomflot has exercised options to extend the firm period of the charter of the 'Vyacheslav Tikhonov', originally named 'Polarcus Selma' by 3 years commencing immediately.
13 Sep 20
UK: 10 to 20 billion boe or more potential resources remain in the UKCS
The Oil and Gas Authority (OGA) has published the UK Oil and Gas Reserves and Resources as at end 2019. It provides an estimate of the UK Continental Shelf’s (UKCS) remaining recoverable petroleum resources.
13 Sep 20
UK: Daily well production figures will help MER UK and net zero goal - OGA
The Oil and Gas Authority (OGA) has published daily production figures from wells that have ceased production, some with production dating back over 40 years. Reservoir engineers seeking untapped hydrocarbons or potential carbon capture and storage (CCS) sites, and academics are expected to be regular users of the data which details the production history of each field.
11 Sep 20
Vietnam: Pharos Energy receives TGT Full Field Development Plan approval
Pharos Energy gas announced that it has received approval from the Prime Minister of Vietnam for the TGT Full Field Development Plan ('FFDP').
11 Sep 20
US: 88 Energy reports final petrophysical interpretation substantially upgrades Charlie-1 net pay
88 Energy has provided an update related to results from the Charlie-1 appraisal well, on the North Slope of Alaska. The final petrophysical interpretation, using sophisticated Laminated Sand Analysis, substantially upgrades net hydrocarbon pay in the Charlie-1 well.
11 Sep 20
Baron Oil announces interim results for the six months ended 30 June 2020
Baron Oil, the AIM-quoted oil and gas exploration company focused on opportunities in SE Asia, Latin America and the UK, has announced its unaudited interim financial information and results for the six months ended 30 June 2020.
11 Sep 20
Sound Energy announces half-yearly report for the six months ended 30 June 2020
Sound Energy, the Moroccan focused upstream oil and gas company, has announced its unaudited half-year report for the six months ended 30 June 2020.
11 Sep 20
Genel Energy announces intention to refinance
Genel Energy has engaged Pareto Securities to organise a roadshow with international credit investors. The Company may, subject to market conditions and acceptable terms on the new issue, raise a new five-year bond of up to $300 million to replace the Company’s existing bond maturing in December 2022.
11 Sep 20
Norway: Aker Solutions secures maintenance and modifications work for ConocoPhillips offshore Norway
Aker Solutions has secured a three-year contract extension to an existing framework agreement for work at North Sea fields operated by ConocoPhillips.
11 Sep 20
China: CNOOC Ltd commences production at Nanbao 35-2 oilfield S1 area
CNOOC Limited has announced that the Nanbao 35-2 oilfield S1 area, located in central Bohai, has commenced production.
11 Sep 20
UK: Hurricane Energy announces half-year results 2020 and technical update
Hurricane Energy, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, has provided its 2020 interim report and half-year results for the period ended 30 June 2020. The Company has also announced the initial results from the Technical Review of its West of Shetland assets which commenced in June 2020.
11 Sep 20
Empyrean Energy completes GBP 640,500 placement
Empyrean Energy has raised £640,500 via a placement. The funds will be used to meet any project payment requirements on the Company's portfolio of assets and for its general working capital requirements. The Company has also raised an additional GBP 200,000 via a placing with Long State Investment.
11 Sep 20
Australia and Germany to work together on hydrogen
Australia and Germany have signed a new agreement to promote two-way trade and investment in hydrogen produced from renewable energy. Both countries have released national hydrogen strategies to help support and grow the development of renewable hydrogen as a clean source of energy with the potential to lower national carbon emissions.
11 Sep 20
Iraq: DNO starts gas capture and injection in Kurdistan - slashes CO2 emissions
DNO, the Norwegian oil and gas operator, has announced that the USD 110 million Peshkabir Gas Capture and Injection Project in its Tawke license in the Kurdistan region of Iraq is onstream and has reached the one billion cubic feet of gas injection milestone.
11 Sep 20
Snam and Saipem sign MoU to work together on technologies for the energy transition, hydrogen development and CO2 capture
Snam and Saipem have signed a Memorandum of Understanding to start working together on new energy transition technologies, from green hydrogen to capturing and reusing CO2, with the aim of fighting climate change and contributing to the launch of the hydrogen market, supporting the European Commission’s Hydrogen Strategy.
10 Sep 20
US: Northern Oil and Gas announces first acquisition in the Delaware Basin
Northern has acquired non-operated interests in the Delaware Basin from an undisclosed seller consisting of approx. 66 net acres, on which 1.1 initial net wells have been proposed.
10 Sep 20
Norway: PGS combines HD3D with 315m wide Penta Source
Ramform Tethys has begun a new project in the Barents Sea - the Barents Sea wide-tow Penta Source project - that uses the most advanced configuration ever towed by a seismic streamer vessel.
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