Latest News
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21 Feb 20
Hunting acquires Enpro Subsea
Hunting, the international energy services group, has announced the completion of the acquisition of Enpro Subsea for a total consideration of USD33.0m payable on completion, plus a potential maximum earn out of USD3.0m based on EBITDA performance in 2020. -
21 Feb 20
UK: UKOG provides update on Horse Hill's first horizontal oil production well HH-2z
UK Oil & Gas (UKOG) has announced that operations to shut off formation water ingress into its Horse Hill-2z ('HH-2z') Portland horizontal production well have commenced. A resumption of HH-2z extended well test operations is planned to follow directly after a successful intervention. -
21 Feb 20
Australia: Doriemus completes AUD 4.5 million placement to support transformational acquisition of major Cooper Basin portfolio
Doriemus has completed a conditional placement to raise AUD 4.5 million to fund the recently announced transformational acquisition of a major Cooper-Eromanga portfolio of oil and gas assets from Oilex. -
21 Feb 20
UAE: Petrofac awarded USD40 million project by Sharjah National Oil Corporation
Petrofac’s Engineering & Production Services division has been awarded an engineering, procurement, construction and commissioning (EPCC) contract by Sharjah National Oil Corp, worth around US$40 million, for a project in the United Arab Emirates. -
21 Feb 20
Eco (Atlantic) Oil & Gas included in TSX Venture 50 for third consecutive year
Eco (Atlantic) Oil & Gas has been recognized as a 2020 TSX Venture 50 company, an annual ranking of top-performing companies on the TSX Venture Exchange over the last year, for the third consecutive year. -
21 Feb 20
Ghana: Yinson awarded awarded Ghana FPSO project
Yinson Holdings has entered into a Letter of Intent with Aker Energy with the intent of awarding the contracts to charter, operate and maintain the floating, production, storage and offloading vessel ('FPSO') for the Pecan development project in the Deepwater Tano/Cape Three Points block, offshore Ghana. -
21 Feb 20
GoM: Byron Energy to drill South Marsh Island F5 well - partner Otto Energy elects to participate
Byron Energy and partner Otto Energy are planning to drill the South Marsh Island (SM)71 F5 well, which will be drilled to develop the D5 Sand. Drilling will begin following the final completion of the SM71 F4 well, which partner Otto Energy elected not to participate in. -
20 Feb 20
Mozambique: Total awards two LNG agreements to Worley
Worley has been awarded two master service agreements (MSAs) by Total E&P Mozambique Area 1 to provide services to the Mozambique LNG Project. -
20 Feb 20
Egypt: United Oil & Gas provides update on completion of Rockhopper Egypt acquisition
United Oil & Gas has announced the satisfaction of the regulatory conditions attached to its proposed acquisition of Rockhopper Egypt, which holds a 22% interest in the producing Abu Sennan field, from Rockhopper Exploration. -
20 Feb 20
DOF Subsea awarded contracts in Nigeria and Angola
DOF Subsea has announced two contract-awards for international clients in Nigeria and Angola, securing further vessel and resource utilisation in Q1 and first part of Q2 2020. -
20 Feb 20
US: NASCO completes investment grade refinance - helium assets at DBK Field in Arizona
NASCO Energie & Rohstoff, has completed a securitization transaction to refinance the debt secured by its helium assets at DBK Field in Arizona. The $83 million securitization transaction featured an investment grade rated senior tranche. -
20 Feb 20
Mexico: PEMEX has decided not to award additional work to EMGS under the previously announced two-year acquisition contract
Electromagnetic Geoservices (EMGS) has been advised by PEMEX that the Company will not, in the near to medium future, receive additional acquisition work under the two-year acquisition contract announced to the market on 4 June 2019. -
20 Feb 20
Norway: NPD publishes 2019 resource accounts for Norwegian continental shelf
The Norwegian Petroleum Directorate's estimate of total proven and unproven petroleum resources on the Norwegian continental shelf is about 15.7 billion standard cubic metres of oil equivalents. -
20 Feb 20
SeaBird Exploration awarded new OBN source contract in Asia Pacific
SeaBird Exploration has received a letter of award for an OBN source contract in Asia Pacific with an expected duration of about 5 months. The contract is expected to start in April 2020. -
20 Feb 20
Touchstone closes USD11.6 million private placement
Touchstone Exploration has raised gross proceeds of approx. USD11.6 million via a private placement. Funds will be used to accelerate exploration drilling at the Company's Ortoire Block, onshore Trinidad. -
20 Feb 20
Netherlands/UK: Sillimanite gas field comes on stream in the Southern North Sea
Wintershall Noordzee (a Joint Venture of Wintershall Dea and Gazprom EP International) has successfully started gas production from its operated Sillimanite field. Discovered in June 2015, the unitized gas field stretches across the UK and the Dutch Continental Shelves.
