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19 Jan 21
Norway's Ministry of Petroleum and Energy offers 61 production licenses in APA 2020
The Norwegian Ministry of Petroleum and Energy has offered 61 production licenses to 30 companies on the Norwegian continental shelf in the Award in Pre-Defined Areas 2020 (APA 2020).
19 Jan 21
Aker Horizons acquires Mainstream Renewable Power to create a renewable energy major
Aker has announced that its wholly owned subsidiary, Aker Horizons, has agreed to acquire 75 percent of Mainstream Renewable Power, a leading independent renewable energy company within onshore and offshore wind and solar.
19 Jan 21
Total issues hybrid bonds to finance its development strategy in renewables
Total SE has successfully issued perpetual subordinated bonds in the amount of €3 billion. The proceeds from the bonds will be used to finance its development strategy, mainly acquisitions, in renewables, in particular €1.7 billion for the acquisition of a 20% interest in Adani Green Energy.
19 Jan 21
Norway: Equinor awards framework contracts for integrated wireline services
Altus Intervention and Archer Integrated Services have been awarded framework contracts for supplying integrated wireline services within well intervention to Equinor’s fixed platforms. The estimated total value of the contracts is close to one billion NOK per year, and the contracts are awarded for a fixed period of around five years from May 2021.
19 Jan 21
Genel Energy announces trading and operations update
Genel Energy has issued a trading and operations update in advance of the Company's full-year 2020 results, which are scheduled for release on 18 March 2021.
19 Jan 21
Peru: PetroTal completes agreement with Petroperu on enhanced oil sales contract
PetroTal has announced that it has executed final agreements with Petroperu to complete the restructuring of the contingent liability referenced in PetroTal’s June 12, 2020 press release and to extend the oil sales contract with Petroperu for an additional two years.
19 Jan 21
US: Pantheon Resources acquires remaining 10.8 percent working interest in the Talitha Unit
Pantheon Resources has reached agreement with Otto Energy Alaska, a 100% subsidiary of Otto Energy, to acquire its 100% ownership of Borealis Alaska, which owns a 10.8% working interest in each of the 16 leases in the 44,463 acre Talitha Unit, Alaska North Slope.
19 Jan 21
Australia: Falcon Oil and Gas announces Kyalla 117 N2-1H ST2 discovery
Falcon Oil & Gas has announced that Origin Energy Resources, its Joint Venture partner, has submitted a notification of discovery on the Kyalla 117 N2-1H ST2 well in the Beetaloo Sub-basin, Australia.
19 Jan 21
Australia: Norwest Energy announces capital raising for Perth Basin exploration
Perth Basin oil and gas exploration company Norwest Energy has completed a bookbuild to raise $2million (before costs). Proceeds will be used to fund drilling costs associated with Norwest's 20% interest in the Lockyer Deep-1 exploration well, located in Perth Basin exploration permit EP 368, on trend with three very significant discoveries, and targeted for drilling in H1 2021.
19 Jan 21
Norway: Archer awarded integrated wireline contract for Equinor
Equinor has awarded Archer Integrated Services, in alliance with Welltec Oilfield Services (Norway) and Schlumberger Norge, a five-year contract for the provision of integrated wireline services in the North Sea. Based on the current operational plans, the total estimated turnover from the contract will be approx. NOK 2.5 billion.
18 Jan 21
Botswana: Tlou Energy executes pilot Power Purchase Agreement with Botswana Power Corp for Lesedi project
A pilot Power Purchase Agreement has been fully executed between Tlou Energy and Botswana Power Corporation for the first 2MW of power from the Lesedi gas-to-power project in Botswana.
18 Jan 21
UK: Orsted announces intention to bid in ScotWind leasing round
Ørsted has announced its participation in the forthcoming ScotWind leasing round, Crown Estate Scotland’s first round of seabed leasing for offshore windfarms in Scotland for a decade.
18 Jan 21
Westmount Energy announces investment in JHI Associates
Westmount Energy has announced that it has purchased 287,500 common shares in JHI Associates Inc. at an aggregate cost of CAD$718,750. JHI is a private, Ontario-registered, company focused on oil exploration opportunities in the emerging Guyana-Suriname Basin. The company's main asset is a 17.5% carried interest in the Canje Block covering over 4,800 sq kms, offshore Guyana.
18 Jan 21
Bangladesh: KrisEnergy relinquishes exploration block SS-11, offshore Bangladesh
KrisEnergy has announced that the Bangladesh authorities have approved the relinquishment of the entire block SS-11 area over the Bay of Bengal, offshore Bangladesh, and termination of the SS-11 production sharing contract ('PSC').
18 Jan 21
Norway: Equinor exercises option to drill additional well with the Deepsea Atlantic
Equinor has exercised an option to drill an additional well with the Deepsea Atlantic. The commercial terms are materially the same as for the recently announced Johan Sverdrup Phase 2 contract award.
18 Jan 21
US: ExxonMobil issues statement on Wall Street Journal report
ExxonMobil has issued a statement in response to a report in the Wall Street Journal on Jan 15 regarding the valuation of assets in the Permian Basin.
18 Jan 21
Russia: NOVATEK increases total hydrocarbon production in 2020
In 2020, NOVATEK’s hydrocarbon production totaled 608.2 million barrels of oil equivalent (boe), including 77.37 billion cubic meters (bcm) of natural gas and 12,237 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 18.3 million boe, or by 3.1% as compared with the twelve months 2019.
18 Jan 21
Egypt: Apex International Energy discovers oil in Egypt’s Western Desert
Apex International Energy, which is backed in part by UK energy investment firm Blue Water Energy, has announced a new oil discovery in Southeast Meleiha Concession (SEM), located in the Western Desert of Egypt.
18 Jan 21
UAE: Mubadala, ADNOC and ADQ form alliance to accelerate Abu Dhabi Hydrogen leadership
Mubadala, The Abu Dhabi National Oil Company (ADNOC), and ADQ, have announced the signing of a Memorandum of Understanding (MoU) to establish the Abu Dhabi Hydrogen Alliance. The Alliance partners will collaborate to establish Abu Dhabi as a trusted leader of low-carbon green and blue hydrogen in emerging international markets.
18 Jan 21
Romania: OMV Petrom to invest approx. EUR 32 mn in a new drilling campaign in the Black Sea
OMV Petrom has initiated a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. The Company is investing approx. EUR 32 million drilling two new development wells in the shallow waters of the Istria block.
18 Jan 21
Iraq: Genel Energy provides update on Tawke PSC
Genel Energy notes that DNO, as operator of the Tawke PSC (Genel 25% working interest), has issued an update on licence activity. Gross operated production from the Tawke licence averaged 110,300 bopd in 2020, about evenly split between the Tawke and Peshkabir fields, the sixth consecutive year in which gross Tawke licence production has averaged over 100,000 bopd.
18 Jan 21
Woodside expands long-term LNG supply agreement
Woodside and Uniper have agreed to amend the binding long-term sale and purchase agreement (SPA) announced in December 2019 to increase the supply of LNG from Woodside’s global portfolio to Uniper.
18 Jan 21
UK: Union Jack Oil acquires a further 15 percent interest in the Biscathorpe Project PEDL253
AIM-listed Union Jack Oil has agreed to acquire a further 15% economic interest in PEDL253 containing the Biscathorpe project from Humber Oil & Gas, increasing its interest to 45%. PEDL253 is located within the proven hydrocarbon fairway of the Humber Basin, on-trend with the Keddington oilfield (Union Jack 55%) which produces oil from a Carboniferous Westphalian aged reservoir.
18 Jan 21
Suriname: Maersk Drilling awarded two Suriname floater contracts by Total
Based on the previously announced Conditional Letter of Award, Maersk Drilling has been awarded contracts for the deepwater rigs Maersk Valiant and Maersk Developer from Total E&P Suriname for Total’s exploration and appraisal project in Suriname’s Block 58.
18 Jan 21
Romania: Serinus Energy spuds Moftinu - 1008 well
Serinus Energy has spudded the Moftinu–1008 well in Romania. If drilling is successful, the well will be completed, tested and brought on-production through a flowline connection to the Moftinu Gas Plant.
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