Tunisia offers opportunities, frustrations
Tunisia holds opportunities for investors, but government processes and local unrest have slowed developments.
Perenco
Operators put off decommissioning North Sea wells for more than 50 years
New figures have revealed that some North Sea operators have put off decommissioning oil and gas wells for more than 50 years.
Oil industry ‘ripe’ for new decommissioning models but some won’t survive, says BCG
The offshore oil and gas sector is “ripe” for emerging new decommissioning models, however analysts BCG said they “strongly doubt” some will survive.
Total Gabon sales price doubles
Higher oil prices in the third quarter boosted Total Gabon’s revenues by 28%, to $95 million.
Petrofac ready to take Perenco to court over Mexico payments
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 holds the dividend, cuts debt
Total has reported adjusted net income of $848 million, with an organic cash breakeven below $25 per barrel.
Sanaga 2 commissioning under way in Cameroon
The Sanaga 2 platform has been installed off Kribi for Perenco, Cameroon’s state-owned Societe National des Hydrocarbures (SNH) has reported.
PetroNor returns to optimism
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.
Boskalis rounds off its work on pipeline
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 falls to £113million pre-Covid losses, aims to reduce £1.5bn decom bill
Perenco UK fell to losses of £113.2million for the period prior to the outbreak of the Covid-19 pandemic.
Total sells mature Gabon assets to Perenco
Total Gabon has struck a deal to sell stakes in seven mature offshore fields to Perenco, for $290-350 million.
Spirit Energy reaches ‘crossroads’ at North Sea field
Spirit Energy has reached a “crossroads” at its Chestnut field in the central North Sea as it weighs up whether to drill new wells.
Digital debut for OGUK’s share fair
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.
GALLERY: Petrodec completes skidding operation for Perenco’s Pickerill platform
Decommissioning specialist Petrodechas completed a skidding operation to remove the Perenco-operated Pickerill A platform in the North Sea.
Golar burns a candle for future FLNG plans
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.
Insecurity in Cameroon derails exploration
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 delays Platypus project due to Covid-19
Dana Petroleum has delayed the sanction of a new North Sea project due to the ongoing Covid-19 crisis.
Perenco submits plan to decommission four platforms at North Sea gas field
Perenco has handed in plans to decommission four platforms at a gas field in the UK North Sea.
Perenco signs on for Gabonese exploration
Perenco Exploration has signed three contracts for blocks in Gabon, the Ministry of Mines, Petroleum, Hydrocarbons and Gas announced.
Perenco scraps North Sea deal with Maersk Drilling
Oil firm Perenco has scrapped a three-well North Sea deal with Maersk Drilling.
Perenco’s Cameroon drilling plans shore up FLNG outlook
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.
Over-capacity slows deal flow in Q3
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
Decommissioning is ‘all in the timing’
A couple of years ago, outgoing US energy secretary Rick Perry was mocked for a verbal gaffe.
Glencore ups production with Cameroon start
Glencore’s oil production has risen 8% during the first three quarters of the year over the same period in 2018.
GALLERY: Decommissioning underway at Neptune Energy’s Juliet field
Neptune Energy has kicked off decommissioning of its Juliet field in the North Sea with the removal of a huge subsea manifold.