21 Jan 20UK: Egdon Resources completes P1929 and P2304 Farm-In Agreement with Shell U.K.
Egdon Resources has announced the signature of a Farm-In Agreement with Shell U.K. in relation to UK offshore licences P1929 and P2304 which contain the Resolution and Endeavour gas discoveries respectively.
21 Jan 20Saudi Arabia: Wood cements position as strategic partner to Saudi Aramco
Wood has secured a two-year extension to its in-Kingdom and out-of Kingdom contracts with Saudi Aramco’s subsidiary, Aramco Overseas Company (AOC) for its unconventional gas programme, extending awards originally secured in 2014.
21 Jan 20Iraq: Gulf Keystone announces operational and corporate update
Gulf Keystone Petroleum has provided an operational and corporate update in advance of the Company's full year 2019 results. With the continued development of the Shaikan field, the Company expects to increase average production in 2020 by more than 30 percent year-on-year to 43,000-48,000 bopd.
21 Jan 20Peru: PetroTal announces fully funded 2020 Capital Budget of US$99 million
PetroTal, the Peruvian focused E&P company, has announced its 2020 capital program of US$99 million, expected to be fully funded with funds generated from operations and existing cash resources. The capital program will allow PetroTal to become a free cash-flowing company and reach 20,000 bopd from the Bretana oil field before year-end 2020.
21 Jan 20BHP announces operational review for half year ended 31 December 2019
BHP has announced an operational review for the half year ended 31 December 2019. Total petroleum production decreased by nine per cent to 57MMboe. Guidance for the 2020 financial year remains unchanged at between 110 and 116 MMboe, with volumes expected to be towards the lower end of the guidance range.
21 Jan 20UAE: SNC-Lavalin awarded contract for second phase of the Haliba field
SNC-Lavalin has been awarded an engineering services contract from Al Dhafra Petroleum, a joint venture company between ADNOC and the Korea National Oil Corp and GS Energy. Under the nine-month agreement, SNC-Lavalin will provide front-end engineering and design (FEED) services for the second phase of the Haliba field.
20 Jan 20Eni 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.