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02Feb0 comments
CNOOC lets EPC contract for North Sea platforms
CNOOC Petroleum Europe Ltd. let a 2-year contract to Worley for engineering, procurement, and construction services for its operated North…
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02Feb0 comments
BP to sell interest in Oman Block 61
BP PLC agreed to sell a 20% participating interest in central Oman Block 61 to Thailand’s PTT Exploration and Production…
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02Feb0 comments
Surge Energy acquires Midland basin assets for $420 million
Surge Energy America, a subsidiary of Surge Energy US Holdings Co., Houston, agreed to acquire Midland basin leasehold interest and…
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30Jan0 comments
INEOS awards Petrofrac extended North Sea service contract
INEOS FPS awarded Petrofac an enhanced 5-year North Sea contract for operations and maintenance support services.
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30Jan0 comments
Triangle Energy acquires Perth basin assets
Triangle Energy has agreed to acquire a 50% interest in production license PL L7 from Key Petroleum Ltd. as well…
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29Jan0 comments
Equinor awards Northern Lights contracts
Equinor ASA has let additional contracts for its Northern Lights project. An engineering, procurement, construction, and installation contract was awarded…
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28Jan0 comments
EIA: US crude inventories down 9.9 million bbl
US crude oil inventories for the week ended Jan. 22, excluding the Strategic Petroleum Reserve, decreased by 9.9 million bbl…
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28Jan0 comments
Premier Oil completes Tuna farm out
Premier Oil PLC completed farm down of its interest in the Tuna production sharing contract, offshore Indonesia, to ZN Asia…
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28Jan0 comments
Hess reports fourth quarter net loss of $97 million
Hess Corp. reported a net loss of $97 million for fourth-quarter 2020, compared with a net loss of $222 million…
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28Jan0 comments
Mari Petroleum awarded four exploration blocks
Mari Petroleum Co. Ltd. (MPCL) has been awarded four new exploration blocks in Pakistan by the Directorate General of Petroleum…
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27Jan0 comments
Global Petroleum ups offshore Namibia resource estimates
Global Petroleum Ltd. updated estimates of prospective resources for PEL0094 (Block 2011A), offshore Namibia, following interpretation of 2D seismic data.
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27Jan0 comments
Enerplus to acquire Williston basin operator
Enerplus Corp. has agreed to acquire all shares of Bruin E&P HoldCo LLC for total cash consideration of $465 million.
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27Jan0 comments
Eni awarded UK North Sea production license
Eni unit Eni UK will become operator of northern North Sea production license P2511 with 100% interest following an application…
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27Jan0 comments
Ring Energy relocates headquarters to Houston area from Midland
Ring Energy Inc. relocated its corporate headquarters to The Woodlands, Tex., in the greater Houston area, effective Jan. 19.
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26Jan0 comments
Hess allocates 80% of 2021 E&P budget to Guyana, Bakken
Hess Corp. plans to allocate more than 80% its $1.9 billion 2021 exploration and production capital program to Guyana developments…
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26Jan0 comments
Beach Energy quits permits offshore South Island NZ
Beach Energy Ltd., Adelaide, has abandoned all of its oil and gas exploration permits in the offshore Canterbury basin off…
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23Jan0 comments
Cabinda Gulf Oil lets gas connection contract for work offshore Angola
Cabinda Gulf Oil Co. Ltd. has let a contract to Subsea 7 SA for the Sanha Lean Gas Connection project…
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23Jan0 comments
EIA: US crude inventories up 4.4 million bbl
US crude oil inventories for the week ended Jan. 15, excluding the Strategic Petroleum Reserve, increased by 4.4 million bbl…
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23Jan0 comments
Turkmenistan, Azerbaijan sign MoU for Caspian Sea field
Turkmenistan and Azerbaijan have signed a memorandum of understanding on joint exploration and development of Dostluk field in the Caspian…
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22Jan0 comments
Mubadala signs concession for Red Sea Block 4
Mubadala Petroleum signed a concession agreement for oil and gas exploration in Egypt’s Red Sea Block 4.