Cairn Energy announces ‘significant reductions’ to North Sea 2020 plans
Scottish operator Cairn Energy has announced "significant reductions" to its capital expenditure across its North Sea producing assets.
Eni
Sonatrach, Chevron sign MoU
Sonatrach has signed a memorandum of understanding (MoU) with Chevron, the Algerian company said.
Cairn Energy continues profit growth with positive full year results
Scottish operator Cairn Energy has continued its drive for profit with positive full year results for 2019.
Eni, Sonatrach sign gas deal
Sonatrach and Eni Algeria Production have signed an agreement on the marketing of dry gas from the Zemoul El Kbar licence, until 2042.
Oil majors commit to speeding up huge carbon capture project on Teesside
A group of oil and gas giants will today announce plans to accelerate a huge carbon capture, usage and storage (CCUS) project to decarbonise an industrial area of Teesside.
Eni takes Agogo to 1 billion barrels
Further success at Angola’s Agogo field by Eni has seen the estimated oil in place figure rise to 1 billion barrels.
Naturgy exit allows Damietta LNG restart
A deal has been reached allowing Egypt’s Damietta LNG plant to restart by June of this year, with Naturgy to drop out of the shareholding group.
Eni makes oil discovery off Mexico of up to 300million barrels
Italian operator Eni has announced a new oil discovery off Mexico with up to 300million barrels in place.
Five key trends for offshore wind in 2020
The Offshore Renewable Energy (ORE) Catapult's energy analyst Tom Quinn has identified five key trends that he predicts will take off in 2020 in the world of offshore renewable energy.
Nigeria orders Etete arrest over OPL 245 scandal
A Nigerian court has ordered the arrest of former petroleum minister Dan Etete over his alleged involvement in the OPL 245 affair.
European oil firms leaving US counterparts behind in energy transition race, CMS report says
European and Chinese oil and gas firms are well ahead of US rivals in the energy transition race, new research has found.
Eni fires up Agogo fast track off Angola
Eni’s Agogo field has begun producing, a statement from Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has said.
Libya tots up oil earnings
While high-level meetings continue in trying to bring some sort of resolution to Libya’s conflict, the National Oil Corp. (NOC) has continued producing hydrocarbons and its commitment to transparency.
Coral Sul hull hits the water
The hull of the Coral Sul floating LNG (FLNG) has been launched at a ceremony in Geoje, in South Korea, on schedule.
Exploration in 2020: Transition, what transition?
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
Congo Wants to Sell Gertler’s Oil Blocks on Ugandan Border
Congo Kinshasa is forming a plan to take back two oil blocks from sanctioned Israeli billionaire Dan Gertler and sell them to another company.
Explorers to keep up the chase in 2020
Westwood Global Energy reports that as of December 31 there were two active exploration wells drilling in the UK.
ExxonMobil, Chevron line up Egyptian entries
Egypt has licensed a number of areas, including the award of around 7,000 square km to ExxonMobil in the offshore.
NLNG greenlights Train 7
Nigeria LNG (NLNG) has taken the final investment decision (FID) on Train 7, the long-awaited expansion project that will take the project’s capacity to 30 million tonnes per year.
Big fish in Angola’s small pond
Angolan production has continued to decline, falling to 1.284 million barrels per day in November, making the government’s efforts to overhaul its energy sector and attract new investment ever more important.
Asia Pacific upstream M&A set to accelerate
Southeast Asia and Australia are set to take centre stage in the region’s upstream M&A activity as private equity companies sense a value opportunity.
Springfield makes billion-barrel find off Ghana
Ghana’s Springfield Exploration and Production has found oil in two areas at its Afina-1 well on its West Cape Three Points (WCTP) Block 2, offshore Ghana.
Akufo-Addo celebrates gas conversion for Karpowership
Ghanaian President Nana Addo Akufo-Addo has ceremonially launched the generation of electricity, using gas from the Sankofa field.
Omani bid round falls foul of shift away from wildcat E&P
News last week that Russian firm Zarubezhneft was being considered for the development of an offshore oil concession in Oman brought into sharp focus the lack of update provided since the country’s 2019 bid round closed in May.
UK exploration up but success rate ‘falls off a cliff’
Exploration activity in the UK North Sea has picked up substantially since last year, but the success rate has “fallen off a cliff”, an analyst has said.