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01 Oct 20Gabon: VAALCO announces new 3D seismic survey over entire Etame Marin Block
VAALCO Energy has announced that in connection with planning for future drilling programs at the Etame Marin block offshore Gabon, it will begin acquiring and processing new 3D seismic data in the fourth quarter of 2020. The Company also announced estimated third quarter 2020 production.
01 Oct 20UK: Nanotechnology project to boost North Sea gas production
Scientists from the University of Aberdeen are developing new technology they claim will be a 'game-changer' in enhancing production from North Sea gas fields.
01 Oct 20Australia: Narrabri Gas Project approval positive for Comet Ridge NSW gas position
Comet Ridge welcomes the approval decision from the NSW Independent Planning Commission (IPC) for Santos’ Narrabri Gas Project and has provided an operational update in relation to Comet Ridge’s substantial acreage position to the north and west of this project.
01 Oct 20Netherlands: Maersk Drilling awarded two-well development contract by Dana Petroleum Netherlands
Maersk Drilling has secured a contract from Dana Petroleum Netherlands to drill two development wells as part of Project Unity in the Dutch sector of the North Sea.
01 Oct 20DOF and DOF Subsea agree extension of standstill agreements with secured lenders
DOF and DOF Subsea have announced that each of the companies have agreed to extend the principal and interest suspension agreements with, or received extension of similar concessions from, secured lenders representing in total 83% of the secured debt of DOF and its subsidiaries and in total 88% of the secured debt of companies within the DOF Subsea group.
01 Oct 20Equinor extends Skandi Vega contract with DOF
Equinor has declared an option to extend the firm period of Skandi Vega from 6 months to 2 years, and the vessel will be firm until May 2022. Skandi Vega has worked continuously with Equinor since 2010.
01 Oct 20Guyana: TechnipFMC awarded large subsea contract for ExxonMobil Payara development
TechnipFMC has been awarded a large contract by Exxon Mobil Corp subsidiary Esso Exploration and Production Guyana Limited ('EEPGL') for the subsea system for the proposed Payara project, offshore Guyana.
01 Oct 20UK: Corallian and JV partners extend exclusivity period for work sharing agreement for UKCS licence P2478 in the Inner Moray Firth
Corallian and JV partners have agreed to extend the Exclusivity Period with an Interested Party to complete its interpretation of UKCS licence P2478 in the Inner Moray Firth with a view to negotiating farm-in terms to earn an interest in the licence.
01 Oct 20Africa Oil announces favourable Prime RBL redetermination
Africa Oil Corp has provided an update on Prime Oil & Gas Reserve Base Lending facility ('RBL'). Africa Oil has a 50% shareholding in Prime, a company with deepwater producing assets offshore Nigeria.
01 Oct 20Premier Oil announces extension of Stable Platform Agreement
Premier Oil’s creditors have approved an extension to the previously announced Stable Platform Agreement with the Group’s financial covenants waived through to 5 November 2020. Discussions continue relating to the proposed refinancing and possible alternative transactions.
01 Oct 20Guyana: SBM Offshore awarded contracts for ExxonMobil FPSO Prosperity
SBM Offshore has announced that Exxon Mobil has confirmed the award of contracts for the next phase of the Payara development project located in the Stabroek block in Guyana. Under these contracts, SBM Offshore will construct, install and then lease and operate the Prosperity FPSO for a period of up to two years.
01 Oct 20US onshore oil production set to gradually decline after peaking in August as drilling lags - Rystad Energy
Oil production from the US lower 48 states, excluding Gulf of Mexico, peaked at 9.2 million barrels per day in August following back-to-back increases since June. This climb has helped push the nationwide total above 11 million bpd and is likely to keep it above that mark for the rest of the year, according to Rystad Energy estimates.
01 Oct 20Suriname: ExxonMobil to proceed with Payara development offshore Guyana
ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity FPSO vessel.
30 Sep 20Brazil: Petrobras starts non-binding phase of the Potiguar Cluster
Petrobras has started the non-binding phase regarding the sale of all of its stakes in a set of twenty-six onshore and shallow water production field concessions, located in the Potiguar Basin, in the state of Rio Grande do Norte-RN, jointly named Potiguar Cluster.
30 Sep 20Brazil: Petrobras starts non-binding phase of the North Capixaba Cluster
Petrobrashas started the non-binding phase regarding the sale of all of its stakes in a set of five onshore field concessions, with integrated facilities, jointly called the North Capixaba Cluster, located in the state of Espírito Santo.
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