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Latest News
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18 Sep 20
UK: Union Jack Oil announces placing and subscription to raise GBP 7 million
AIM-listed Union Jack Oil, a UK-focused onshore hydrocarbon production, development and exploration company, has raised £7 million by way of an oversubscribed placing and subscription. The fund raising will allow the Company to continue to invest in its conventional onshore flagship projects and invest for growth in its wider licence interests and drill up to four wells in its drill-ready portfolio before the end of 2021. -
18 Sep 20
PGS provides update on status of lenders' negotiations
PGS informed in its Q2 and preliminary first half 2020 results presentation that the Company was in negotiations with its lenders to preserve liquidity in light of the dramatic negative market change caused by the Covid-19 pandemic. These negotiations are in an advanced stage, constructive and carried out with the support of the lenders. -
18 Sep 20
Australia: Armour Energy provides update on capital raising program
Armour Energy has provided an update in relation to its capital raising program, which, due to significant demand, has been increased to a total of approx. $15m. Additional funds will enable the acceleration of the Surat production growth program, Cooper Basin exploration and Newstead Gas storage works restart. -
18 Sep 20
UK: OGUK Industry Insights webinar inspires next generation on route to net zero
More than 200 people joined OGUK’s Industry Insights webinar for young professionals to hear how the sector is working to advance new technologies on the route to net zero. The free event, sponsored by Halliburton, centred around the skills required for the future in reaching net zero carbon emissions by 2050 in the UK and by 2045 in Scotland. -
18 Sep 20
Nigeria: PGS announces availability of reprocessed 3D data for West Niger Delta
More than 3,500 sq km of new PGS broadband reprocessed MultiClient data is now available in the West Niger Delta Basin, providing a clearer image of potential targets in blocks OPL 248, 249, 250, 2011, and OML 140. -
18 Sep 20
Nigeria: Zenith Energy submits bid in Nigeria's 2020 Marginal Field Round
Zenith Energy has submitted a technical and commercial bid with the Nigerian Department of Petroleum Resources for a marginal field in the 2020 Marginal Field Bid Round. The Company is participating in the Bid Round as technical and financial partner to a Nigerian registered oil and gas company. -
18 Sep 20
Argos Resources announces 2020 interim financial results
AIM-listed Argos Resources, the Falkland Islands based company focused on the North Falkland Basin, has announced its interim financial results for the six months ended 30 June 2020. The Company continues to seek partners to participate in drilling on its Licence in the North Falkland Basin. -
18 Sep 20
Sterling Energy announces results for the six months ending 30June 2020
AIM-listed Sterling Energy has announced its results for the six month period ending 30 June 2020. Sterling remains well financed and is positioned to take advantage of acquisition opportunities during the current market conditions. -
18 Sep 20
Maersk Drilling sets ambitious climate target
As part of an overall sustainability strategy, Maersk Drilling has set an ambitious target of lowering the intensity of CO2 emissions from its drilling operations by 50% by 2030. The target is supported by Maersk Drilling’s strategic focus on efficiency gains, which also leads to reduced CO2 emissions. -
18 Sep 20
Norway: Wellesley Petroleum drills dry well north of the Gjøa field in the North Sea - 6204/11-3
Wellesley Petroleum, operator of PL 829, has concluded the drilling of wildcat well 6204/11-3. The well, which was drilled about 75 kms north of the Gjøa field in the North Sea, is being plugged and abandoned as a dry hole. -
18 Sep 20
Colombia: Petrobras starts binding phase for the sale of its stake in the Tayrona Block, offshore Colombia
Petrobras has announced the beginning of the binding phase regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia. -
17 Sep 20
UK: Vattenfall calls for planning changes to meet offshore wind targets
A 'fit for purpose' offshore wind planning regime is crucial if the UK is to meet its clean energy targets, Vattenfall’s UK country manager Danielle Lane told Energy Minister Kwasi Kwarteng at the SNS2020 north sea energy conference, organised by the East of England Energy Group -
17 Sep 20
Norway: Equinor awards Wood a contract for the Kollsnes MEG Upgrade project
On behalf of the operator Gassco, Equinor has awarded Wood an engineering, procurement, construction and installation (EPCI) contract for the MEG Upgrade project at Kollsnes. -
17 Sep 20
UK needs to electrify its rising oil and gas output to reach climate goals - Rystad Energy
The British government has set a goal to reach net zero emissions by 2050. Electrification of oil and gas platforms on the UK continental shelf (UKCS) should play an important role in efforts to achieve this target, as a Rystad Energy analysis shows that UK oil and gas production will remain significant for decades to come. -
17 Sep 20
Norway: Wood strengthens foothold in Norway’s onshore energy sector
Wood has secured a new $42m contract from international energy company Equinor on behalf of operator Gassco to provide EPCI (engineering, procurement, construction and installation) services at the Kollsnes gas processing plant in Norway. -
17 Sep 20
Australia: Development concept completed for Vintage Energy's Vali field
The ATP 2021 joint venture - Vintage Energy (operator), Metgasco and Bridgeport - has advised that a development concept for the Vali field, in the Cooper-omanga Basin, has been completed and estimates a field life of around 20 years. -
17 Sep 20
Norway: Equinor granted drilling permit for well 34/7-37 S in PL 089
The Norwegian Petroleum Directorate has issued a drilling permit to Equinor for wildcat well 34/7-37 S in production licence PL 089. The well will be drilled east of the Statfjord field, directly west of the discovery 34/7-21 Borg. -
17 Sep 20
Sapura Energy wins major projects in South America and Africa
Sapura Energy, a leading global integrated oil and gas services and solutions provider, has announced two major project wins in South America, as well as a drilling contract win in the Ivory Coast. -
17 Sep 20
Angola: DOF Subsea secures integrated FSV Contract in Angola
DOF Subsea has been awarded an integrated Field Support Vessel (FSV) contract with an international oil company in Angola. The project will utilise the Skandi Seven. -
17 Sep 20
Ecuador: The Hague Court rules for Chevron in Ecuador dispute
The District Court of The Hague has ruled in favour of Chevron in its dispute with the Republic of Ecuador, upholding a 2018 arbitral award rendered by an international tribunal administered by the Permanent Court of Arbitration. -
17 Sep 20
Premier Oil in discussions regarding long term financing
Premier Oil has commented on press speculation and confirmed that it has been in discussions with a number of third parties, including Chrysaor, regarding alternative forms of transactions to secure the long term refinancing of the Group’s debt facilities. -
17 Sep 20
Nigeria: ADM Energy submits bid in Nigeria's 2020 Marginal Field Round
ADM Energy has announced that it has formally submitted a bid with the Nigerian Department of Petroleum Resources for a marginal field in the 2020 Marginal Field Bid Round. -
17 Sep 20
Australia: Carnarvon Petroleum identifies additional prospects adjacent to the Dorado field development
Carnarvon Petroleum has identified additional prospectivity adjacent to the Dorado field development. New 3D seismic data has improved the quality of prospect interpretation around Dorado, where the previously identified Apus feature is now interpreted as three prospects - Apus, Petrus and Kepler - with an estimated aggregate 293 million barrels of oil (Gross, Pmean). -
17 Sep 20
Australia: Santos welcomes $1.9 billion technology-neutral investment to reduce carbon emissions
The Federal Government’s announcement today to invest $1.9 billion to reduce carbon emissions paves the way for large-scale carbon capture and storage (CCS), which the International Energy Agency (IEA) and the Intergovernmental Panel on Climate Change (IPCC) have identified as a critical technology to achieve the world’s climate goals. -
17 Sep 20
Australia: ARENA welcomes new funding
The Australian Government has announced new long term funding and an expanded focus for the Australian Renewable Energy Agency (ARENA) that will secure its future beyond 2022.
