Fossil Energy
Eni and Total win new blocks offshore Angola
Italian oil major Eni and French giant Total were among the successful bidders for two offshore blocks offered as part of Angola’s 2019 licensing round, which offered ten offshore blocks.
Norwegian oil output in December exceeds forecast
Norwegian oil production during December 2019 rose nearly 13 percent above prediction made by the Norwegian Petroleum Directorate (NPD), according to the directorate’s report on Friday.
Jadestone gearing up for development well on Montara
Jadestone Energy’s environmental plan to drill the development well H6 in permit area AC/L7 in the Montara field is now under assessment with the Australian authorities.
Petrobras launches sale of two Brazilian offshore assets
Brazilian oil giant Petrobras has started the opportunity disclosure stage for the sale of its entire stake in two sets of deep-water post-salt offshore concessions.
Court allows Premier Oil to move ahead with debt plan to buy North Sea assets
Premier Oil has received a court approval to go ahead with a plan to have its creditors vote to extend debt maturities and buy UK North Sea fields from BP and Dana Petroleum.
Woodside targets higher output in 2020
Australian energy giant Woodside saw its sales revenues in the last quarter of 2019 decrease when compared to the same period in 2018 despite higher production, which the company plans to increase even further during 2020.
Activists block Shell’s headquarters in Aberdeen
Activists from Extinction Rebellion movement have blocked an entrance to oil major Shell’s headquarters in Aberdeen, Scotland.
Israel starts piping gas from Noble’s Leviathan field to Egypt
Noble Energy has started exporting natural gas from its operated Leviathan field located offshore Israel to Egypt.
Pacific Drilling ordered to pay $320 million to Samsung over drillship order cancellation
Pacific Drilling has been ordered to pay $320 million to Samsung Heavy following the completion of an arbitration case related to termination of a construction contract for the drillship Pacific Zonda
OGA chairman: O&G industry must do more to help solve climate change challenges
Chairman of the Oil and Gas Authority, Tim Eggar, has said that, if the industry wants to survive and contribute to the energy transition, it has to adapt.
Empyrean raises funds for Duyung drilling campaign
Oil and gas development company Empyrean has raised £420,000 ($547,703) to meet the company’s share of drilling expenses at the Duyung PSC in the West Natuna basin, which contains the Mako gas field, offshore Indonesia.
Nod for Equinor to use West Hercules rig on North Sea pilot hole
Norwegian oil major Equinor has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the North Sea using the West Hercules drilling rig.
BP spuds first exploration well on Shafag-Asiman block off Azerbaijan
BP has spudded the first exploration well on the Shafag-Asiman offshore block located in Azerbaijan’s sector of the Caspian Sea.
Ezion sheds another offshore asset in effort to reduce cash burn
Ezion Holdings has entered into a memorandum of agreement to dispose an offshore vessel, Teras Genesis, in an attempt to reduce cash burn and shift focus to liftboats.