Fossil Energy
Total and Jadestone exit acreage off the Philippines
Total and Jadestone Energy have decided to relinquish and terminate its Service Contract 56 offshore Philippines following a decision not to drill a well.
PetroVietnam pumps first gas from Sao Vang-Dai Nguyet offshore field
State-owned PetroVietnam has started pumping first gas from its Sao Vang-Dai Nguyet field off Vietnam’s southern coast.
Suriname offers eight offshore blocks in new bid round
Suriname is offering eight new offshore blocks in the currently unlicensed and underexplored Shallow Offshore acreage of Suriname via a new round.
Vaalco buys additional working interest in Etame Marin block off Gabon
Houston-based oil and gas company Vaalco Energy has signed a sale and purchase agreement to acquire Sasol’s 27.8 per cent working interest in the Etame Marin block offshore Gabon.
Vantage wins more drillship and jack-up rig work
Offshore drilling contractor Vantage Drilling has secured drilling work for its jack-up rig in Indonesia and a drillship in India.
Equinor to boost Johan Sverdrup output
Equinor’s Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year.
Global upstream M&A deals to gain momentum for the rest of 2020?
Following the Covid-19 pandemic and the oil price crash in early 2020, for some players in the oil and gas sector consolidation may be the only way to stay solvent.
U.S. readies first Gulf of Mexico oil and gas lease sale for 2021
The U.S. agency BOEM is planning the first Gulf of Mexico oil and gas lease sale for 2021, which outlines all available areas in the region-wide auction.
Mermaid books $84 million loss in Q3
Subsea services provider Mermaid has reported net loss of $84.1 million for the three-month period ended 30 September 2020. This result compares with loss of some $6.2 million in the corresponding period in 2019. The Singapore-listed company generated quarterly revenue of $22 million, versus $27 mil
BPC preparing to spud Bahamas well in December
Stena Drilling’s Stena ICEMax drillship is preparing to set sail soon to the Bahamas to spud the Perseverance #1 well for the Bahamas Petroleum Company (BPC).
ExxonMobil makes non-commercial discovery at Tanager-1 well off Guyana
U.S. oil major ExxonMobil has made another oil discovery at the Tanager-1 well off Guyana but the discovery was deemed non-commercial.
AGR begins decommissioning work on Kinsale field off Ireland
Energy services company AGR has begun decommissioning work on Ireland’s first indigenous gas wells on PSE Kinsale Energy’s gas fields in the Celtic Sea.
LOC Mexico MWS services for Protexa
LOC Mexico, a subsidiary of marine and engineering consultancy LOC Group has secured its third contract this year from Permaducto, an enterprise part of the Mexican oilfield services and infrastructure development firm Protexa. Under the contract, LOC Mexico will provide marine warranty survey (MWS)
PTTEP taps CGG for Malaysia seismic data reprocessing
Subsurface Imaging, part of CGG’s Geoscience division, has secured two large-scale seismic reprocessing contracts from PTTEP. Over the course of the next year, CGG, through its offices in Kuala Lumpur, will conduct merged reprocessing of surveys from many vintages, including towed-streamer as well a