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29May0 comments
Tullow progresses Uganda asset sale as CNOOC elects not to pre-empt
CNOOC Uganda Ltd. will not pre-empt the sale of Tullow Oil PLC’s assets in Uganda to Total.
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29May0 comments
EIA: US crude inventories up 7.9 million bbl
US crude oil inventories for the week ended May 22, excluding the Strategic Petroleum Reserve, increased by 7.9 million bbl…
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27May0 comments
Sonangol executes farm-in for contract onshore Cuba
Angola’s state-owned Sonangol has executed a farm-in agreement with Melbana Energy Ltd. for interest in the Block 9 production sharing contract (PSC), onshore Cuba (OGJ Online, Oct. 5, 2016).
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27May0 comments
LNGL sale gains new buyer for lower price
PricewaterhouseCoopers, the appointed administrators for Liquefied Natural Gas Ltd., has terminated the sale of its proposed Magnolia LNG project to Global Energy Megatrend Ltd., and entered into a new sale transaction for a lower price.
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26May0 comments
Equinor lets frame agreement for engineering services worldwide
Equinor has let a 2-year frame agreement to Saipem covering engineering services worldwide.
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22May0 comments
Qatar Petroleum to continue North Field Expansion project
Qatar Petroleum’s North Field Expansion project will continue “full steam ahead,” said Saad Sherida Al-Kaabi, minister of state for energy affairs and president and chief executive officer of Qatar Petroleum.
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22May0 comments
TAQA lets multi-well UKCS P&A contract to Archer
Abu Dhabi National Energy Co. (TAQA) has let a multi-well plug and abandonment contract to Archer Ltd. for work in the UK Continental Shelf.
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21May0 comments
TAQA lets Cormorant Alpha derrick removal contract
Abu Dhabi National Energy Co. (TAQA) has let a contract to Archer (UK) Ltd. to provide Derrick Equipment Set (DES) & Derrick removal services on the Cormorant Alpha platform in the northern UK North Sea.
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21May0 comments
Twinza Oil to begin gas agreement negotiations with PNG Government for Pasca gas
Twinza Oil Ltd., Perth, will begin negotiations with the Government of Papua New Guinea for a Gas Agreement for potential development of Pasca A gas/condensate field in permit PPL 328 in the Gulf of Papua.
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20May0 comments
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20May0 comments
NEO Energy revises deal to acquire UK North Sea assets from Total
NEO Energy has revised terms of a deal to acquire operated and non-operated assets in the UK North Sea from Total Oil UK Ltd. and Total E&P North Sea UK Ltd.
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20May0 comments
EIA: US crude inventories down 5 million bbl
US crude oil inventories for the week ended May 15, excluding the Strategic Petroleum Reserve, decreased by 5 million bbl from the previous week, according to data from the US Energy Information Administration.
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20May0 comments
NOCs to slash 2020 exploration budgets over a quarter on average
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie.
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19May0 comments
Petronas completes Block 52 farm-out deal with ExxonMobil
Petronas subsidiary Petronas Suriname Exploration & Production BV (PSEPBV) completed a deal to farm out a 50% interest in Block 52, offshore Surname, to ExxonMobil subsidiary ExxonMobil Exploration and Production Suriname BV.
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19May0 comments
Emperor Energy begins pre-FEED for Judith gas field
Emperor Energy entered a binding agreement with APA Group for pre-front end engineering and design work on Judith gas field in Gippsland basin permit Vic/P47 off eastern Victoria to the north and east of ExxonMobil-BHP’s producing Bass Strait fields.
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19May0 comments
Energean seeks purchase amendment from Edison as Neptune exits deal
Energean Oil and Gas PLC is in discussions with Edison SPA to amend the 2019 purchase agreement to exclude Edison E&P’s Norwegian subsidiary from the deal following the decision by Neptune Energy to terminate its agreement with Energean.
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18May0 comments
Total cancels deal to acquire Ghana assets from Occidental
Citing the market environment, Total SA has decided to end the previously reported deal to acquire Ghana assets from Occidental Petroleum Corp.
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18May0 comments
Qatar Petroleum to farm in to two exploration blocks in Côte d’Ivoire
Qatar Petroleum has entered into a farm-in agreement with Total SA to acquire a 45% participating interest in Blocks CI-705 and CI-706 in the Ivorian-Tano basin, offshore the Republic of Côte d’Ivoire.
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15May0 comments
Northern Lights Alliance submits PDO for first CO2 storage project on Norwegian shelf
The Northern Lights Alliance, with operator Equinor and partners Shell and Total, has submitted a plan for development and operation (PDO) for the first CO2 storage project on the Norwegian shelf.
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15May0 comments
Ultra Petroleum files Chapter 11 to facilitate restructuring
Ultra Petroleum Corp. has voluntarily filed under Chapter 11 of the US Bankruptcy Code in the US bankruptcy court for the Southern District of Texas, Houston Division to implement an agreement in principle with certain lenders and noteholders to pursue re