Latest News
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10 Dec 19
Australia: Vintage Energy to spud Vali-1 well in ATP 2021 in the Cooper/Eromanga Basin
Vintage Energy, as operator of the ATP 2021 Joint Venture, has advised that the SLR-185 rig has been released from the Western Flank and is moving to the Vali-1 location. Vintage will acquire a 50 percent interest in ATP2021 from Metgasco through the previously announced farm-in. -
10 Dec 19
Norway: Var Energi completes the acquisition of ExxonMobil’s upstream business in Norway
Var Energi celebrates one year as a company and strengthens NCS position as the acquisition of ExxonMobil’s upstream business in Norway is completed. With the closing of the ExxonMobil acquisition, Var Energi doubles its production from the shelf. -
10 Dec 19
Mexico: Oil companies swap stakes in Mexico as government holds off on auctions
With Mexico’s government insisting that energy companies increase oil and gas output before it auctions off more of the country’s vast reserves or offers more partnerships with state-run Pemex, firms ranging from foreign majors to local players are scrambling to buy and sell blocks they already own. -
10 Dec 19
DOF Subsea secures integrated FSV contract in Africa
DOF Subsea has entered into a 2 month long contract with an international energy client in Africa. The project will utilise Skandi Seven and commence operations in direct continuation with the ongoing commitment for the vessel. -
10 Dec 19
Brazil: Petrobras completes sale of 34 onshore fields in Rio Grande do Norte
Petrobras reports that it has completed the sale of its entire stake in 34 onshore production fields located in the Potiguar Basin, in the state of Rio Grande do Norte, to Potiguar E&P, a subsidiary of Petroreconcavo. -
10 Dec 19
Denmark plans USD30 billion offshore wind island that could power 10 million homes
Denmark is moving forward with plans to build an artificial island tying in power from offshore wind farms of up to 10 gigawatts of capacity, more than enough to supply all households, as part of efforts to meet ambitious climate change targets. -
10 Dec 19
US: Devon Energy announces agreement with Dow to develop STACK acreage
Devon Energy has entered into an agreement with Dow to jointly develop a portion of the company’s STACK acreage in central Oklahoma. Under this agreement, Devon will monetize half of its working interest in 133 undrilled locations in exchange for approx. a $100 million drilling carry over the next four years. -
10 Dec 19
Germany: Partners Group agrees the sale of its stake in Merkur Offshore - a 396MW German offshore wind farm development
Partners Group, the global private markets investment manager, has, on behalf of its clients, agreed to sell its stake in Merkur Offshore, a 396MW offshore wind farm located within the German exclusive economic zone off the North Sea coast. -
10 Dec 19
Angola: Ocean Infinity to acquire seismic for Total over Blocks 32 and 17 offshore Angola
Ocean Infinity has been awarded a contract by Total E&P Angola to conduct 2D Ultra High-Resolution Seismic surveys and Seabed Soil Sampling in Block 32 and Block 17, offshore Angola. -
10 Dec 19
Trinidad: Aker Solutions wins BP Cypre front-end study
Aker Solutions has secured a contract to support the development of BP’s Cypre project, offshore Trinidad and Tobago. The contract will see Aker Solutions deliver front-end engineering and design (FEED) for the first platform in a potential series of future assets within BP’s Trinidad and Tobago portfolio. -
10 Dec 19
UK: TGS makes first sale of multi-client seismic data for use in Carbon Capture Project
TGS has completed the sale of one of its seismic datasets to OGCI Climate Investments’ Net Zero Teesside project, a carbon capture, utilization and storage (CCUS) initiative planned for the North East of England. The data is to be used to verify the suitability for storage of CO2 in offshore reservoirs located in the Permian Gas Basin in the Southern North Sea. -
10 Dec 19
Poland: Equinor strengthens its position in Polish offshore wind market
Equinor has completed the acquisition of a 50 percent interest in the offshore wind development project Baltyk I in Poland from Polenergia. The company now has an interest in all three Baltyk offshore wind development projects. -
10 Dec 19
Egypt: SDX Energy achieves stabilised plateau production at South Disouq
SDX Energy has achieved its targeted stabilised plateau production rate of 50 MMscfe/d from its operated South Disouq concession in Egypt approx. three months earlier than initially expected. -
10 Dec 19
Guyana: Orinduik Block JV partners enter first renewal period
Eco (Atlantic) Oil & Gas has announced that the Orinduik Block Joint Venture Partners have elected to enter the next exploration phase (the 'First Renewal Period') of the Orinduik Petroleum Agreement, offshore Guyana. -
10 Dec 19
Colombia: Canacol Energy wins three new conventional gas exploration blocks in Colombia
Canacol Energy has successfully secured a 100 percent operated working interest in three new conventional gas exploration contracts in Colombia's recent bid round. -
10 Dec 19
Gabon: Panoro Energy announces completion of Dussafu DTM-4H production well
Panoro Energy has announced the successful completion of the DTM-4H well, the first of the phase 2 Tortue development wells. -
10 Dec 19
Australia: Project Atlas achieves first gas sales ahead of schedule
Senex Energy has announced that Project Atlas achieved first gas sales into the east coast market ahead of schedule, with gas being sold to Queensland power generator CleanCo. -
09 Dec 19
Norway's King to open Equinor's Johan Sverdrup field
On 7 January next year, His Majesty the King will perform the official opening of the Johan Sverdrup field centre. Production on Johan Sverdrup started on 5 October this year. Already producing at 350,000 barrels per day, it is expected to increase production to 440,000 barrels per day in Phase 1. -
09 Dec 19
Ukraine: PGNiG and ERU to launch exploration and production operations in Ukraine
PGNiG has signed an agreement with ERU Management Services providing for joint gas exploration and production operations in the western part of Ukraine, close to the Polish border.
