Latest News
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21 Jan 21
Namibia: ReconAfrica begins 450 km 2D seismic program in the Kavango Basin
Reconnaissance Energy Africa (ReconAfrica) has commenced the permitting process for the acquisition of 450 kms of 2D seismic data in the deep Kavango Basin in the Kalahari Desert of North East Namibia. To execute the program, the Company has contracted Polaris Natural Resources, based in Calgary, Alberta, Canada. -
21 Jan 21
Woodside announces first quarter report for period ended 31 December 2020
Woodside has announced its first quarter report for period ended 31 December 2020. The Company delivered production of 24.9 MMboe, down 2% from Q3 2020, contributing to record annual production of 100.3 MMboe. -
20 Jan 21
Senegal: FAR signs RSSD Project sale contract with Woodside
FAR Limited has previously advised that Woodside Energy (Senegal) exercised its pre-emptive right to acquire FAR's interest in the Rufisque, Sangomar and Sangomar Deep (RSSD) Project, offshore Senegal. On 19 January 2021 the FAR group executed a Sale and Purchase Agreement with Woodside in relation to the sale. -
20 Jan 21
UK: Survey reveals improved outlook for UK’s GBP 8 billion underwater engineering industry
A snapshot survey of the UK’s supply chain has revealed an improved outlook for the industry with less anticipated redundancies, greater optimism and new geographical markets. Industry body, Subsea UK, surveyed its 300 members in early July and then again in late November 2020 to provide evidence-based insight into how the supply chain was faring in the midst of the public health and economic turmoil of last year. -
20 Jan 21
UK: Aberdeen University leading the field with new Energy Transition degree
The University of Aberdeen has launched the UK's first postgraduate degree programme in Energy Transition Systems and Technologies. The new course will educate to MSc level a new generation of systems engineers providing industry-relevant skills and training, with future career possibilities in all areas of the energy sector. -
20 Jan 21
Cairn Energy announces pre-close update
Ahead of announcing its preliminary results for the year to 31 December 2020 on 9 March 2021, Cairn has provided an update on its operations and trading performance together with guidance for 2021. -
20 Jan 21
Sweden: Vattenfall and Preem look into large-scale production of fossil-free hydrogen in Lysekil
The collaboration between Vattenfall and Preem, aimed at producing fossil-free hydrogen for biofuel production, is entering the next phase. A study is now being conducted to examine opportunities for building a large-scale production facility at the refinery in Lysekil. -
20 Jan 21
The UK offers operators best profit conditions to develop big offshore fields; Kuwait, Canada follow - Rystad Energy
This year marks the beginning of a recovery after a disappointing 2020, when the Covid-19 pandemic caused sanctioning of offshore projects to dip to $44 billion from $99 billion the year before. Rystad Energy projects offshore sanctioning to rebound to at least $56 billion in 2021 and keep rising to as high as $131 billion in 2023. -
20 Jan 21
Norway: Spirit Energy awarded three new licences in Norway's APA 2020
Spirit Energy has been awarded 3 new licences in the 2020 Awards in Predefined Areas (APA) licensing round on the Norwegian Continental Shelf (NCS). -
20 Jan 21
BHP announces operational review for half year ended 31 December 2020
BHP has announced an operational review for the half year ended 31 December 2020. Total petroleum production decreased by 12 per cent to 50 MMboe. Guidance for the 2021 financial year remains unchanged at between 95 and 102 MMboe. -
20 Jan 21
Argentina: President Energy announces H1 2021 drilling update
President has a firm programme to drill four new slim hole gas wells in the Las Bases and Estancia Vieja Concessions in Rio Negro Province commencing during March. The Company is also considering drilling two or three vertical oil wells in the currently producing Dos Puntitas field within Puesto Guardian in H2 2021. -
20 Jan 21
Trinidad: Predator announces the results of its Pilot CO2 EOR Project in the Inniss-Trinity field onshore Trinidad
Predator Oil & Gas Holdings has announced the results of its Pilot CO2 EOR Project in the Inniss-Trinity field onshore Trinidad. The excellent results from the Pilot CO2 EOR project, despite a challenging operational environment due to COVID-19, have de-risked the case for CO2 EOR.
