West of Shetland set for another barren year
Westwood Global Energy reports that as of February 24 there was one exploration well and one appraisal well active in the UK, with no change since the end of December.
CNOOC
Philippines pushing for upstream renaissance
Law makers in the Philippines are seeking to refocus the Philippine National Oil Company’s (PNOC’s) investment mandate towards exploration and production ventures. The move is part of an effort to revive the Southeast Asian nation’s ailing upstream sector and attract new investment as its energy security situation continues to deteriorate.
Worley profits down 70%, hails completion of Buzzard Phase 2 contract
Profits dropped more than 70% for engineering services giant Worley during the first half of its 2021 financial year.
COSL benefits as China offshore capex surges
China Oilfield Services Limited (COSL) is expected to have another solid year in 2021 as offshore capital spending is set to surge to record levels in China.
CNOOC’s capital spend set at $15bn, highest since 2014
CNOOC, China’s third-biggest oil company, aims to raise its capital spending this year to between 90 billion and 100 billion yuan ($15 billion), the highest level since 2014, bucking the industry trend.
CNOOC plots two appraisal wells at Glengorm
Westwood Global Energy reports that as of 1 February there was one exploration well and one appraisal well active in the UK, with no change since the last report.
Worley wins two-year North Sea EPC contract with CNOOC
China National Offshore Oil Company (CNOOC) has awarded a two-year North Sea contract to engineering services firm Worley.
Covid on Premier Oil Balmoral platform puts fourteen workers into quarantine
More than a dozen workers are in quarantine after a crew member on the Premier Oil Balmoral platform tested positive for Covid-19.
Covid outbreak on CNOOC North Sea platform
North Sea operator CNOOC is working to tackle a Covid outbreak on board its Scott platform.
Trump administration targeting Cnooc over South China Sea role
China’s biggest offshore driller is being targeted in the final days of President Donald Trump’s administration for its activity in the South China Sea.
CNOOC at risk of delisting in US as sanctions bite
Chinese oil majors may be next in line for delisting in the US after the New York Stock Exchange said last week it would remove the Asian nation’s three biggest telecom companies.
UK North Sea records fewest exploration wells since 60s
Westwood Global Energy reports that as of December 28 there was one exploration well and one appraisal well active in the UK.
Chrysaor to adopt name of largest shareholder Harbour once Premier deal completes
North Sea giant Chrysaor will adopt the name of its backer once it completes the reverse takeover of Premier Oil early next year.
Energy Voice’s essential Guyana Playbook is now available
Guyana is the world’s most exciting frontier oil and gas exploration area. There’s a lot of oil, it’s good quality and it’s relatively cheap to produce. It has attracted a host of major players, including Hess, CNOOC, Total, Repsol, Qatar Petroleum, Tullow and, above all, ExxonMobil.
North Sea industry celebrates achievements at OGUK Awards 2020
The achievements of the UK oil and gas industry’s leading lights were celebrated in a virtual awards ceremony last night.
CNOOC urges suppliers to help it unlock ‘challenged’ North Sea project
Exploration and production firm CNOOC has turned to an online resource managed by the UK oil sector’s regulator for help unlocking a North Sea project which is at risk of being left “stranded”.
Cnooc preparing to spud Glengorm appraisal
Westwood Global Energy reports that as of December 2 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. At the time of writing, the first appraisal well of the year was preparing to spud.
US adds CNOOC to list of firms with Chinese military ties
The Pentagon added CNOOC among four more Chinese companies to a list of firms it says are owned or controlled by China’s military, exposing them to increased scrutiny and potential sanctions by the US.
CNOOC targeted by US after years of South China Sea tension
CNOOC, China’s third-biggest oil company faces a US blacklist, which could spur major outflows from its Hong Kong-listed unit, after years of involvement in offshore drilling in disputed South China Sea waters.
West of Shetland oil and gas remains UK’s best bet for growth despite recent setbacks
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
CNPC, CNOOC mull deal for Exxon’s Iraq oilfield stake
China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oilfield in Iraq, which could fetch at least $500 million, according to people familiar with the matter.
Parkmead widens search for Greater Perth Area host
Parkmead Group, of Aberdeen, has widened its search for a host facility for its Greater Perth Area (GPA) project in the central North Sea.
Well-fed microbes deliver big production boost at North Sea field
A pilot test of a pioneering microbial technology has delivered a production increase of more than 25,000 barrels at a UK North Sea oilfield.
Glengorm appraisal operations expected to start this month
Westwood Global Energy reports that as of October 28 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. There has been no appraisal drilling to date this year.
Suncor mulls sale of stakes in UK and Norwegian North Sea fields
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.