Latest News
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03 Apr 20
Tullow Oil provides business update - further cost savings identified
Tullow Oil has provided a business update following the successful completion of its RBL redetermination and identification of further cost savings as the company continues to adapt to the challenging external environment. -
03 Apr 20
Petrel Resources provides update on agreement with the Tamraz Group and update on projects in Ghana and Ireland
Petrel Resources has provided an update on its agreement with the Tamraz Group and an update on the Company's projects in Ghana and Ireland -
03 Apr 20
Energean announces Karish FPSO hull sailaway from China
Energean Oil and Gas has announced that its FPSO hull sailed away from the COSCO yard in China on 3 April 2020. The hull will now be towed to the Sembcorp Marine Admiralty Yard in Singapore, where the topsides will be integrated, before the completed FPSO is towed to the Karish field in Israel for installation and hook-up. -
03 Apr 20
Energean Oil and Gas provides update on Edison transaction
Energean Oil and Gas, the oil and gas producer focused on the Mediterranean, has issued an update on its Edison E&P acquisition. -
03 Apr 20
Australia: Oilex extends date for acquisition of Cooper-Eromanga licences from Senex
Oilex has announced that the date for the satisfaction of the conditions precedent in regard to the acquisition of 27 Petroleum Retention Licenses (PRLs) in the Cooper-Eromanga Basins from Senex Energy and certain of its related entities has been extended by a further six months to 27 September 2020, for nominal consideration. -
02 Apr 20
Canada: CNOOC announces delay of Flemish Pass drilling campaign
In another blow to Newfoundland and Labrador's offshore oil industry, an exploration drilling campaign planned this year for the Flemish Pass has been delayed because of the global pandemic. In a statement to CBC News, CNOOC International confirmed that plans to drill what's known as the Pelles well has been delayed. -
02 Apr 20
Brazil: Petrobras announces new oil discovery in the Santos Basin pre-salt
Petrobras has announced the presence of oil in the first well on the Uirapuru block, located in the Santos Basin pre-salt. The well, located in a water depth of 1,995 meters, tested a prospect known informally as Araucaria. -
02 Apr 20
Suriname: Apache announces significant oil discovery offshore Suriname at Sapakara West-1
Apache Corp and Total have announced a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. The well was drilled using the Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working interest. -
02 Apr 20
Angola: PGS completes acquisition on Kwanza Shelf and releases fast-track data
PGS has announced the completion of acquisition on its MC3D Kwanza Shelf survey offshore Angola. Total GeoStreamer coverage in Blocks 6, 7 and 8 and the surrounding areas of the Kwanza Shelf is now 8,300 sq kms. The latest Kwanza Shelf survey will provide key data for the Angolan 2021 License Round. -
02 Apr 20
US: Maha Energy acquires onshore producing properties in the Illinois Basin
Maha Energy has entered into an agreement to acquire certain oil producing assets in the Illinois Basin, USA, through the purchase of all outstanding shares in Dome AB Inc., a Texas corporation, from Dome Energy. -
02 Apr 20
Centrica puts sale of Spirit Energy on hold until financial and commodity markets have settled
Centrica was due to receive initial bids for its interest in Spirit Energy around the end of March, however it has taken the decision to pause the process until financial and commodity markets have settled. -
02 Apr 20
TechnipFMC announces 30 percent reduction in 2020 capex
TechnipFMC has announced actions it is taking in response to the current market environment, including a 30 percent reduction in 2020 capital expenditures to $300 million. -
02 Apr 20
United Oil and Gas announces operational and corporate update
AIM-listed United Oil & Gas has provided an operational and corporate update including the commencement of gas production at the Al Jahraa Field in the Company's 22%-owned Abu Sennan concession, onshore Egypt, and measures taken in response to the COVID-19 pandemic and ongoing oil-price volatility. -
02 Apr 20
Apache Corporation doubles estimate of annual cost savings from recent organisational redesign
Apache Corp has provided an update regarding the cost savings associated with its previously announced organisational redesign. Apache now expects to deliver an annualised G&A and LOE cost reduction in excess of $300 million, up from an original target of $150 million. -
02 Apr 20
Norway: TGS announces plans for new Atlantic Margin Survey in Summer 2020
TGS announced that it will be commencing the Atlantic Margin 20 (AM20) 3D multi-client project as soon as the marine seismic acquisition season gets underway in north-west Europe this summer. This new 5,600-sq km survey is an extension of Atlantic Margin surveys acquired between 2017 and 2019. -
02 Apr 20
Murphy Oil Corporation announces additional cost savings initiatives
Murphy Oil Corp has announced additional cost savings initiatives, including a cut in the quarterly cash dividend, a further reduction in the 2020 capital program and a lowering of executives’ salaries and corporate directors’ cash retainers. -
02 Apr 20
Australia: NOPSEMA approves Woodside's Scarborough gas development offshore Western Australia
Woodside has achieved an important regulatory milestone for its Scarborough gas development offshore Western Australia.
