Tunisia holds opportunities for investors, but government processes and local unrest have slowed developments.
New figures have revealed that some North Sea operators have put off decommissioning oil and gas wells for more than 50 years.
The offshore oil and gas sector is “ripe” for emerging new decommissioning models, however analysts BCG said they “strongly doubt” some will survive.
Higher oil prices in the third quarter boosted Total Gabon’s revenues by 28%, to $95 million.
Petrofac will start legal proceedings against Perenco to recover a balance of $80.2 million plus interest related to the sale of the remaining 51% of its Mexican operations.
Total has reported adjusted net income of $848 million, with an organic cash breakeven below $25 per barrel.
The Sanaga 2 platform has been installed off Kribi for Perenco, Cameroon’s state-owned Societe National des Hydrocarbures (SNH) has reported.
PetroNor E&P has posted EBITDA of $4.2 million for the first quarter of 2020, down from the $20.6mn posted for the same period in 2019.
Aberdeen-based Boskalis Subsea Services (BSS) has announced the successful completion of a multi-million-pound contract for independent oil and gas company Perenco UK, supporting a pipeline project in the UK’s southern North Sea basin.
Perenco UK fell to losses of £113.2million for the period prior to the outbreak of the Covid-19 pandemic.
Total Gabon has struck a deal to sell stakes in seven mature offshore fields to Perenco, for $290-350 million.
Spirit Energy has reached a “crossroads” at its Chestnut field in the central North Sea as it weighs up whether to drill new wells.
One of the offshore oil and gas industry’s most significant business development events is going digital in July when OGUK launches the first of its series of Share Fair Spotlight webinars featuring the forward work plans of Spirit Energy next week.
Decommissioning specialist Petrodechas completed a skidding operation to remove the Perenco-operated Pickerill A platform in the North Sea.
New liquefaction projects are unlikely for the time being, Golar LNG has said, but in the longer run its floating LNG (FLNG) technology is an attractive option for exporting gas.
Force majeure has been declared at two areas in Cameroon, Bakassi in the southwest and Zina-Makary in the far north, as a result of insecurity.
Dana Petroleum has delayed the sanction of a new North Sea project due to the ongoing Covid-19 crisis.
Perenco has handed in plans to decommission four platforms at a gas field in the UK North Sea.
Perenco Exploration has signed three contracts for blocks in Gabon, the Ministry of Mines, Petroleum, Hydrocarbons and Gas announced.
Oil firm Perenco has scrapped a three-well North Sea deal with Maersk Drilling.
Perenco’s floating LNG (FLNG) project in Cameroon has exported 29 cargoes to date and is planning a drilling campaign, in 2020, in order to prove up additional reserves.
Anderson Anderson & Brown Corporate Finance is delighted to share with you our quarterly Deals+ update for Q3 2019 in conjunction with Energy Voice, highlighting selected oil and gas mergers and acquisitions and fundraising transactions across the UK
A couple of years ago, outgoing US energy secretary Rick Perry was mocked for a verbal gaffe.
Glencore’s oil production has risen 8% during the first three quarters of the year over the same period in 2018.
Neptune Energy has kicked off decommissioning of its Juliet field in the North Sea with the removal of a huge subsea manifold.