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20 Jan 20
Eni and ADNOC sign a MoU on joint research activities on sustainable energy for the future
Abu Dhabi National Oil Company (ADNOC) and Eni have signed a Memorandum of Understanding for the joint development of research initiatives aimed at creating advanced technological solutions for the reduction, capture, usage or confinement (CCUS) of CO2 emissions at fields.
20 Jan 20
South Africa/Namibia: Africa Energy provides operational update - Brulpadda discovery follow-up well planned for Q2
Africa Energy has provided an operational update on its exploration activities offshore South Africa and Namibia. In South Africa, the Total-operated Block 11B/12B joint venture has embarked on an ambitious exploration program to follow-up on the large Brulpadda gas condensate and light oil discovery last year.
20 Jan 20
Oil and gas industry needs to step up climate efforts now - IEA
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Fossil fuels drive the companies’ near-term returns, but failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability, according to the IEA’s Oil and Gas Industry in Energy Transitions report.
20 Jan 20
Australia: Polarcus commences Cygnus Phase 3 offshore Australia
Polarcus has announced the commencement of acquisition of the latest phase of the Cygnus regional multi-client 3D survey in the Vulcan Sub-basin, offshore north-west Australia. The 1,500 sq km Phase 3 South survey, covering the Skua, Swift and Montara area, completes over 7,200 sq km of continuous XArray Triple Source coverage.
20 Jan 20
Senegal: FAR announces Sangomar field development FID and USD$300m underwritten senior facility
FAR Limited has taken the Final Investment Decision ('FID') and received final credit approvals for an underwritten US$300 million senior secured reserve-based lending ('RBL') facility for the Sangomar Field Development offshore Senegal.
20 Jan 20
Norway: Maersk Drilling awarded two-well contract extension for low-emission rig Maersk Integrator under Aker BP alliance
Maersk Drilling has secured a two-well contract extension from Aker BP for the ultra-harsh environment, low-emission jack-up rig Maersk Integrator. In direct continuation of the rig’s current workscope, Maersk Integrator will move to the Ivar Aasen field offshore Norway to drill two wells, with work expected to commence in October 2020.
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