Slightly more than three hours later, Zenith announced the signing of a memorandum of understanding for an asset in Kazakhstan.
BP (LON: BP) has signed a long-term sale and purchase agreement with the Austrian firm OMV to supply 1 million tonnes of liquefied natural gas per year for the next decade.
Norway has approved 19 new oil and gas projects in its waters, with total investment topping NOK 200 billion (£14.62 bn), according to the Ministry of Petroleum and Energy.
"Starting with 2027, we will have a new natural gas source with potential to significantly increase the country's natural gas production, thus securing safety of supply.”
Four companies have been offered exploration licences for CO2 storage in two areas of the Norwegian North Sea.
The venture’s main development now is Jerun. OMV expects this to start producing in 2024, with the net production of around 25,000 boepd.
Zenith said there were near-term growth opportunities. This would involve infill drilling and sidetracks for six new wells, boosting output to 15,000 bpd.
Adnoc has struck a deal to buy a 24.9% stake in Austria’s OMV, for an undisclosed price, from Mubadala Investment.
Having completed its 2022 drilling programme, Longboat Energy (LON:LBE) has secured additional lending and is now looking to its next phase of exploration in 2023.
As of 25 November, Westwood Global Energy reports that there are three exploration wells active, with two in the Norwegian Sea and one in the Barents Sea. Since the previous report, one exploration well program has completed at Oswig, and one exploration well has spudded at Countach.
As of 27 October, Westwood Global Energy reports that there are two exploration wells active, one in the Northern North Sea and one in the Norwegian Sea. Since the previous report, one exploration well program has completed.
OMV has made a modest gas condensate discovery at its Oswig prospect in the Norwegian North Sea, partner Longboat Energy has reported.
Odfjell Drilling has announced a series of bookings for its Deepsea Yantai rig, as OMV and Shell look to secure the unit for drilling and well decommissioning work in the North Sea.
OMV has cleared former CEO Rainer Seele of misconduct. It did find evidence of negligence in some of his actions, it said in a report.
As of 24 August, Westwood Global Energy reports that there are five exploration wells active, four in the Northern North Sea and one in the Norwegian Sea. Since the previous report, two exploration well programmes have completed, with one of the wells successful.
OMV has taken a charge of around 2 billion euros ($2.17 billion) on the exit of its Russian holdings.
Just a few large European energy firms are still striking deals with the trading arm of Gazprom PJSC, as companies shun Russian business in response to the war in Ukraine, according to people familiar with the matter.
Wintershall DEA says it will not “advance or implement” any oil and gas projects in Russia, and will write off its €1 billion (£830 million) financing of Nord Stream 2.
OMV will not go ahead with its purchase of a stake in Gazprom’s Urengoy gas and condensate field. It is also “reviewing” its involvement in Nord Stream 2.
Maersk Drilling has secured a contract for work in the Northern North Sea basin offshore Norway.
BP paid a private corporate intelligence agency to track a variety of climate activists, an investigation by openDemocracy has found.
A whale has been caught on video carrying out its own subsea inspection as a North Sea oil rig was spudding a well last week.
Tunisia holds opportunities for investors, but government processes and local unrest have slowed developments.
The chief operating officer of Maersk Drilling thinks companies like his taking “skin in the game” will be the future of the sector, moving away from commercial deals that put most of the risk on operators.
Adnoc has launched its second trading arm, focusing on refined products.