BP, SOCAR target Petronas’ stake in Shah Deniz
BP and Azerbaijan’s state-owned SOCAR have pre-empted a sale of equity in the Shah Deniz field to Russia’s Lukoil.
Lukoil
Iraq says BP and Lukoil want to sell down oil stakes
BP Plc and Russia’s Lukoil PJSC want to sell down their assets in Iraq, according to the country’s oil minister.
FAR holders back Woodside sale
Shareholders in FAR have approved the sale of the company’s stake in a Senegal licence to Woodside Energy.
Remus drops out of FAR bidding
Remus Horizons PCC has abandoned its bid to acquire FAR, paving the way for Woodside Energy to complete its takeover of Senegal’s Sangomar.
Lukoil drops FAR offer, Woodside in pole position
Lukoil has pulled its non-binding bid for FAR, clearing the way for Woodside Energy to increase its stake in the Sangomar project.
Etinde FID delayed once more
A final investment decision for the Etinde project in Cameroon has slipped once more, with Bowleven now tipping 2022.
Lukoil throws hat into FAR ring
Russia’s Lukoil has emerged as another suitor to buy MSGBC Basin-focused FAR, for A$220 million ($170mn).
Cairn clears Woodside for Senegal sale
Cairn Energy has abandoned plans to sell its stake offshore Senegal to Lukoil, abiding by Woodside Energy’s pre-emption.
Clock running down for FAR in Senegal
Australia’s FAR did not exercise its right to pre-empt the sale of Cairn Energy’s stake in the Sangomar field, as the company works to find a buyer for its own interest.
Cairn sells Sangomar stake to Lukoil
Russia’s independent Lukoil has struck a deal to pay $300 million to Cairn Energy for a 40% stake in a licence offshore Senegal.
Aker Energy rethinks Pecan for a lower cost
Aker Energy has reiterated its commitment to Ghana’s Pecan field, although not going so far as to commit to timing on a final investment decision (FID).
Lukoil signs Sonatrach MoU
Algeria’s Sonatrach has signed a memorandum of understanding (MoU) with Russia’s Lukoil, following a number of similar agreements.
Total, Chevron terminate Valaris rigs off Angola
Total and Chevron have cancelled rigs contracted from Valaris, working in Angola, the drilling company has announced.
Yinson to supply FPSO to Aker Energy
Aker Energy has signed a letter of intent (LoI) on a floating production, storage and offloading (FPSO) with Yinson Holdings Berhad.
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.
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.
Aker Energy CEO out
CEO Jan Arve Haugen of Ghana-focused Aker Energy has resigned, replaced in the interim by Svein Jakob Liknes, who was the company’s head of operations. Changes are also being made to the company’s board.
Reuters DecomWorld confirm over 30 international E&P’s to Join 12th annual decommissioning summit in Houston, 2020
DecomWorld – part of Reuters Events- today announced the confirmation of over 30 international E&P delegations to attend their 12th Annual D&A Summit (March 31 – 1 April, Houston).
Bowleven eyes the clock on Etinde
Bowleven has taken an impairment charge of $62 million on its Etinde asset in Cameroon as plans have slipped.
Equatorial Guinea dishes out licences
Equatorial Guinea has preliminarily awarded nine blocks in its EGRonda 2019 licence round, announcing the results at the Gas Exporting Countries Forum (GECF) under way this week in Malabo.
ADNOC goes for gas
Innovation and new approaches are dominating ADNOC’s drive for new sources of gas.
Russia meets Africa at Sochi
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
Lukoil signs up for Ghasha work with ADNOC
Lukoil has signed up for a 5% stake in the Ghasha concession, as a part of a broader package between the United Arab Emirates and Russia.
Adipec 2017: Abu Dhabi welcomes oil glitterati to bumper event
A host of oil and gas business leaders are lined up to attend at the 20th and largest edition of the Adipec conference, which gets under way in Abu Dhabi tomorrow.
Lukoil completes construction of new production well
Lukoil has completed the construction and commissioning of the fifth production well at its Vladimir Filanovsky field in the Caspian Sea - which could increase production by five million tonnes per year.