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Middle East Oil & Gas News

Axxis Geo Solutions Awarded Extension to Middle East Contract
Saudi Arabia >> 3/19/2020 - Reference is made to notification from Axxis Geo Solutions ASA (AGS) dated 30 December 2019 concerning a contract for 3D ocean bottom node (OBN) seismic acquisition survey in the Middle East.

...
DNO To Complete $100M Peshkabir-to-Tawke Gas Capture Project in April 2020
Iraq >> 3/18/2020 - Genel Energy plc notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has issued an update on licence activity.

DNO has stated that it remains committed to comple...
Zion Oil & Gas Purchases Drilling Rig for Israel Operations
Israel >> 3/18/2020 - Zion Oil & Gas, Inc. (Nasdaq: ZN) announces they (i) entered into a Purchase and Sale Agreement on March 12, 2020, for a drilling rig, drill pipe, and related equipment for $5.6 million in cash, and (...
Gulf Keystone Suspends Shaikan Field Drilling Activities
Iraq >> 3/16/2020 - The Company has been closely monitoring the Coronavirus (COVID-19) situation in the Kurdistan Region of Iraq. Gulf Keystone's priority is the welfare of its staff, contractors and the communities clo...
Project in Asia Pacific Cancelled
United Arab Emirates >> 3/16/2020 - Polarcus Limited refers to its announcement dated 23 December 2019 regarding the award of an XArray™ marine seismic acquisition project in the Asia Pacific region commencing in Q2 2020.

Th...
Opec+ Is Capable of Unleashing 2.5M Extra Bpd on the Market
Saudi Arabia >> 3/11/2020 - Oil prices could fall into the low $20s for the global market to rebalance, as Rystad Energy expects an increase in global supplies in the next three months. OPEC+ countries are locked and loaded to a...
ADNOC Positioned to Increase Supply to Over 4 MMBPD in April 2020
United Arab Emirates >> 3/11/2020 - ADNOC Group CEO, H.E. Dr. Sultan Ahmed Al Jaber comments on recent market developments: ...
Fujairah Light Distillate Slump Leads Weekly Drop in Product Stocks
United Arab Emirates >> 3/11/2020 - Refined oil product stockpiles at the Middle East hub of Fujairah fell 6.8 percent in the week to 9th March, led by a drop in light distillates amid signs that Middle East supplies of naphtha and gaso...
Qatar Petroleum to Acquire Yara’s 25% Stake in QAFCO
Qatar >> 3/8/2020 - Qatar Petroleum announced that it has entered into a binding agreement to acquire Yara’s 25% stake in Qatar Fertiliser Company (“QAFCO”). The transaction will mark the conclusion of a successful, long...

Africa Oil & Gas News

Fire in Hassi-Messaoud well: the Fire Completely Contained
Algeria >> 3/27/2020 -  The fire declared at the MD244 oil well in the Hassi Messaoud region has been completely contained, said a press release from the SONATRACH group on Friday, reassuring that no human damage had been r...
Bowleven Announces Preliminary Results & Update on its Operations in Cameroon
Cameroon >> 3/27/2020 - Bowleven, the Africa focused oil and gas exploration Group traded on AIM, announces its unaudited interim results for the six months ended 31 December 2019. ...
Operational Update – 2020 Reduced Capital Expenditure
Senegal >> 3/27/2020 - Further to its Preliminary Results disclosure on March 10, 2020 and in light of current market conditions, Cairn is proactively reviewing each of its assets and related capital expenditure programmes....
COVID-19 & Cheap Oil are Set to Hit New Projects & Slash State Budgets in Africa
Nigeria >> 3/26/2020 - Most of Africa’s top planned oil and gas projects were expecting sanctioning under an oil price assumption of between $55 and $60 per barrel. Now, with oil prices falling to below their break-even cos...
VAALCO Completes Successfully Its 2019/2020 Drilling Program
Gabon >> 3/25/2020 - VAALCO Energy, Inc. provided an update on the successful completion of its 2019/2020 drilling program as well as an operational update. ...
FAR Suspends Gambia Drilling & Delays Sangomar Development Plans
Gambia >> 3/25/2020 - FAR Limited has implemented plans to ensure business continuity and preserve the Company’s cash (~A$150M at end of February 2020) in the wake of the COVID-19 pandemic and recent crash in oil price. ...
Conex Agreed to Buy Total's Liberia, Sierra Leone Businesses
Liberia >> 3/25/2020 - Liberia’s Conex Oil and Gas Holdings had signed a deal to acquire the Liberian and Sierra Leonean fuel businesses of France’s Total. Gasoline shortages this year have brought much of the country to a ...
Renegotiation of Tilapia acquisition
Congo >> 3/24/2020 - Zenith Energy Ltd., has entered into a conditional Deed of Variation (the "Deed of Variation") to amend the terms of the consideration (the "Consideration") payable for the acquisition of an 80 per ce...
Tullow Terminates Maersk Venturer Drilling Contract Offshore Ghana
Tullow Terminates Maersk Venturer Drilling Contract Offshore Ghana Ghana >> 3/24/2020 - Maersk Drilling has received a notification from Tullow Ghana Ltd. of early termination for convenience of the drilling contract for the drillship Maersk Venturer. Since February 2018, Maersk Venturer...
Africa Energy to Participate in Multi Well 2020 Exploration Campaign
South Africa >> 3/24/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, announces financial and operating results for the year ended December 31, 2019. ...
Coronavirus, Gas Slump Put Brakes on Exxon's Giant Mozambique LNG Plan
Mozambique >> 3/21/2020 - Exxon Mobil is likely to delay the greenlighting of its $30 billion liquefied natural gas (LNG) project in Mozambique as the coronavirus disrupts early works and a depressed gas market makes investors...
Eastern Morocco Update
Morocco >> 3/20/2020 - Sound Energy, the Moroccan focused upstream gas company, is pleased to provide the following Eastern Morocco update, confirming receipt of a further Environmental Impact Assessment ("EIA") approval an...
Project in West Africa Terminated
Nigeria >> 3/20/2020 - Polarcus Limited refers to its announcement dated 1 November 2018 regarding the award of a 3D marine seismic acquisition project offshore West Africa. The client has decided to cease operations on the...
Serinus Energy Provides Update of Romania & Tunisia Operations
Tunisia >> 3/20/2020 - Serinus Energy Plc provides an update on its operations in Romania and Tunisia. ...
SDX Energy Provides Update on Drilling Operations in Morocco & Egypt
SDX Energy Provides Update on Drilling Operations in Morocco & Egypt Egypt >> 3/19/2020 - SDX Energy Plc (SDX), the MENA-focused oil and gas company, is pleased to provide the following update on its drilling operations in Morocco and Egypt. ...
Operational Update and 50% Capital Expenditure Reduction for 2020
Gabon >> 3/18/2020 - BW Energy Limited announces adjustments to the development program on the operated Dussafu Marin license in Gabon in response to the spread of the coronavirus (COVID-19) and restrictions on internatio...
Panoro Announces Impact of Coronavirus (COVID-19) on Operations and Corporate Update
Tunisia >> 3/18/2020 - Panoro Energy ASA provides a corporate and core operations update in response to the Coronavirus (COVID-19) pandemic and concurrent low oil price environment. ...
Kosmos Provides Operational Updates
Mauritania >> 3/17/2020 - Following the announcement of Kosmos Energy 's full year 2019 results on February 24, 2020, the company is providing an operational update. ...
Signature of a MoU between Sonatrach & Chevron
Signature of a MoU between Sonatrach & Chevron Algeria >> 3/16/2020 - SONATRACH and CHEVRON proceeded, to the signing of a memorandum of understanding to initiate joint discussions on the opportunities concerning the exploration, development and exploitation of hydrocar...
PetroNor Provides Corporate Update
Congo >> 3/16/2020 - PetroNor E&P Limited provides a corporate update that addresses price sensitivity of operations in the current low oil price environment. ...
Libya's state oil firm says jet fuel illegally shipped to east
Libya >> 3/16/2020 - A shipment of jet fuel has been imported into eastern Libya from the United Arab Emirates in breach of an arms embargo and other international agreements, Libya’s NOC state oil company said. ...
Libya Fuel Shortages
Libya >> 3/16/2020 - NOC is concerned about a likely fuel shortage in the near future after the forced reduction of local production, the Zawiya refinery shut down and the lack of government funding to import sufficient f...
Cameroon Reserves Report Update
Cameroon >> 3/13/2020 - Tower Resources plc has received an updated independent Reserves Report (the "2020 Reserves Report") from Oilfield International Limited ("OIL") on behalf of the Company's wholly owned subsidiary, Tow...
Zenith Provides Update on Acquisitions
Congo >> 3/12/2020 - Zenith Energy Ltd., the international oil & gas production company, provides the following update in view of the recent volatility in oil prices and financial markets.

As announced to the ...
Apache Announces Revised Capital Guidance and Dividend Reduction
Apache Announces Revised Capital Guidance and Dividend Reduction Egypt >> 3/12/2020 - Apache Corporation (NYSE, Nasdaq: APA) today announced multiple actions being taken in response to the current oil price environment. The company reduced its 2020 capital investment plan to a range of...
TechnipFMC Awarded Integrated EPCI Contract for Platina Field
TechnipFMC Awarded Integrated EPCI Contract for Platina Field Angola >> 3/10/2020 - TechnipFMC has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from BP Angola for the Platina field development, located offshore Ang...
SDX Announces Result of Rabul-3 Well
SDX Announces Result of Rabul-3 Well Egypt >> 3/10/2020 - SDX Energy Plc, the MENA-focused oil and gas company, is pleased to announce the result of its Rabul-3 well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator). ...
Panoro Energy Provides Corporate Update
Gabon >> 3/10/2020 - Panoro Energy ASA provides a corporate update in the current low oil price environment: ...
Sonatrach & ENI Sign a Dry Gas Marketing Agreement Until 2042
Algeria >> 3/9/2020 - The national hydrocarbon company SONATRACH and the Enterprise ENI Algeria Production BV signed a gas agreement on Monday relating to the association contract relating to the marketing of dry gas from ...
Shelf Drilling Secures Contract Extension in Egypt
Shelf Drilling Secures Contract Extension in Egypt Egypt >> 3/9/2020 - Shelf Drilling, Ltd. (SHLF) has secured a one-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (“Petrobel”) for operatio...
BW Energy Reports Tortue Phase 2 Producing as Expected
Gabon >> 3/9/2020 - BW Energy (BWE) is pleased to announce first oil from the DTM-4H Gamba well drilled as part of Tortue Phase 2 development project (Phase 2) in the Dussafu Marin Permit offshore Gabon. The well success...
Ocean Infinity Completes its Project with Total E&P
Angola >> 3/8/2020 - Ocean Infinity, the next generation marine robotics company, is pleased to announce that it has successfully completed its project with Total E&P in Angola, one of the main branches of Total, a major ...
Azelio Inaugurates Its Renewable Energy Storage in Morocco
Morocco >> 3/6/2020 - Azelio has completed the installation of its renewable energy storage with 24h clean power production at Noor Ouarzazate solar complex in Morocco. An inauguration ceremony was held on March 5, 2020 to...
Strata-X Farms out the Serowe CSG Project
Botswana >> 3/5/2020 - Strata-X Energy has executed a Heads of Agreement with Botsgas, a private Australia based company with strong ties to the Republic of Botswana, to accelerate the appraisal and development of the Compa...
BW Energy Starts Oil Production from Tortue Phase 2
Gabon >> 3/5/2020 - BW Energy (BWE) is pleased to announce first oil from the Tortue Phase 2 field development project (Phase 2) in the Dussafu Marin Permit offshore Gabon. The Gamba well DTM-5H was successfully brought ...
Bowleven Confirms Award of Lead FEED Contract for Etinde
Bowleven Confirms Award of Lead FEED Contract for Etinde Cameroon >> 3/4/2020 - Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to confirm the award of a contract to TechnipFMC plc ("Technip") to appoint them as lead FEED ("Front End Engineeri...
Approval of Guercif Drilling Environmental Impact Assessment
Morocco >> 3/4/2020 - Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company, is pleased to provide a further update on its drilling plans for the Guercif Permits I, II, III and IV ("Guercif") onshore ...
Sonatrach & Eni Carried out Gas Pipeline Construction from BRN Fields to MLE
Algeria >> 3/3/2020 - SONATRACH announces that it has successfully completed, in partnership with ENI, the construction of the gas pipeline which links the sites of Bir Rebaa Nord (BRN) and Menzel Ledjmet Est (MLE) in the ...
Maersk Drilling Secures One-Well Contract Offshore Egypt
Maersk Drilling Secures One-Well Contract Offshore Egypt Egypt >> 3/3/2020 - Maersk Drilling has been awarded a one-well contract for the semi-submersible rig Maersk Discoverer offshore Egypt. The contract has an estimated duration of 21 days and is expected to commence in Mar...
Tower Resources Signs HoT for Farm out of its Thali PSC
Cameroon >> 3/2/2020 - Tower Resources plc, the AIM-listed oil and gas company with its focus on Africa, is pleased to announce that it has executed binding heads of terms ("HoT") in respect of a farm-out to OilLR Pty Ltd (...

Asia Oil & Gas News

Block Energy Acquires 2 Adjacent Blocks from Schlumberger
Georgia >> 3/26/2020 - Block Energy Plc has entered into a sale and purchase agreement ("SPA") with Schlumberger B.V. to acquire its subsidiary Schlumberger Rustaveli Company Limited ("SRCL")("the Acquisition"). Of the thre...
Eni Starts Commercial Production at Badamsha Wind Farm Site
Kazakhstan >> 3/26/2020 - Eni, through its local renewable subsidiary ArmWind LLP, started the commercial production of the Badamsha Wind Farm located in North-West Kazakhstan, in the Aktobe Region. Badamsha Wind Farm has a ca...
OMV Decides on Action Plan to Safeguard Financial Strength
Russia >> 3/26/2020 - The global spread of the coronavirus has abruptly transformed people’s lives and significantly worsened the economic environment. OMV is responding to this situation with targeted measures to safeguar...
CNOOC Limited's Production & Reserves Hit Record High
China >> 3/25/2020 - CNOOC Limited announced its 2019 annual results for the year ended December 31, 2019. In 2019, CNOOC Limited has achieved remarkable results, with multiple operating indicators reached a record level ...
McDermott Awarded Contract for Chevron Lummus Global Technology
McDermott Awarded Contract for Chevron Lummus Global Technology China >> 3/25/2020 - McDermott International, Inc. announced that Chevron Lummus Global (CLG), McDermott's joint venture with Chevron, has been awarded a sizeable* contract by a Southeast Asian refiner for the license, en...
Petro Matad Provides Update on Mongolia Operations
Mongolia >> 3/23/2020 - Petro Matad Limited, the AIM quoted Mongolian oil explorer, is pleased to provide an operational update on its activities in Mongolia. ...
Five PGS Surveys Support Indonesia 2020 Licensing Round
Indonesia >> 3/20/2020 - New data is now available for five recently acquired PGS MultiClient 3D surveys over basins spanning the Indonesian archipelago. All provide significant uplifts in seismic data quality, based on GeoSt...
SOCAR & Equinor Confirm Discovery of Karabagh Oil Field
SOCAR & Equinor Confirm Discovery of Karabagh Oil Field Azerbaijan >> 3/19/2020 - SOCAR and Norway’s Equinor have confirmed a discovery of Karabagh field located 120 kilometers offshore, east of Baku, in the Azerbaijan sector of the Caspian Sea. ...
PGNiG & PST Included in Nord Stream 2 Derogation Procedure
Russia >> 3/19/2020 - Polish Oil and Gas Company (PGNiG) and its German subsidiary PGNiG Supply & Trading have been allowed to join a procedure in which Nord Stream 2 is seeking a derogation from the European Union’s Third...
Revised 2020 Capex Guidance and Update on the Southwest Vietnam Gas Development
Vietnam >> 3/19/2020 - Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, provides an update on its 2020 capital expenditure guidance.

In light of current ...
TEPCO & Orsted to Establish JV Company for Offshore Wind
Japan >> 3/18/2020 - Tokyo Electric Power Company Holdings, Incorporated (TEPCO), the largest power company in Japan, and Orsted A/S, the world's leading offshore wind developer, announced that they have agreed to establi...
Foreign Investors Flocking to Uzbekistan Renewable Energy Projects
Uzbekistan >> 3/17/2020 - The Ministry of Energy of Uzbekistan is pleased to share an update on progress towards the country's ambitious aim of generating a quarter of all electricity from renewable sources, by 2030. ...
CNOOC Limited Announces A Large-sized Discovery Kenli 6-1 in Bohai
CNOOC Limited Announces A Large-sized Discovery Kenli 6-1 in Bohai China >> 3/16/2020 - CNOOC Limited made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized oil filed in Laibei lower uplift.

The Kenli 6-1 ...
Five Dead in Fire at Petronas-Aramco Refining Complex in Malaysia
Malaysia >> 3/16/2020 - A fire killed five people at an oil refining complex in southern Malaysia owned by Petronas and Saudi Aramco commercial operations this year. ...
NOVATEK Reached Milestone of One Trillion Cubic Meters
Russia >> 3/16/2020 - PAO NOVATEK (NOVATEK) announced that the Company has reached a milestone of one trillion cubic meters in cumulative natural gas production since commencing its natural gas field development program. ...
PetroNeft Resources Announces Operational Update in Licence 67
Russia >> 3/16/2020 - PetroNeft (PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to announce the successf...
Abadan Oil Refinery Expansion Work to Be Halted Until Mid-April
Iran >> 3/14/2020 - Iran has decided to halt work on the expansion of its Abadan oil refinery until mid-April as part of measures to contain the new coronavirus outbreak. Iran contracted China’s Sinopec in 2017 to carry ...
EPI Group Opens Dataroom for Companies Interested in Opportunities in Georgia
Georgia >> 3/12/2020 - During APPEX 2020 in London, EPI Group together with Georgia Oil and Gas organised a Lunch & Learn to present one of the most exciting plays in onshore Europe. The event that was held at the Fox on Gr...
Husky Cuts 2020 Spending By $1 Billion
Indonesia >> 3/12/2020 - Husky Energy is taking a series of actions to fortify its business in response to challenging global market conditions. ...
Update on Implementation of the Company’s Omsk Catalyst Project
Russia >> 3/12/2020 - The Gazprom Neft Board of Directors has been updated on progress on the construction of Russia’s first modern oil-refining catalyst-production facility. ...
G1/48 Concession Gulf of Thailand Joint Venture Restructuring
Thailand >> 3/12/2020 - Tap Oil Limited provides the following update on the joint venture over the G1/48 Concession in the Gulf of Thailand (Concession), which includes the Manora Oil Field Production Area and is operated b...
Jadestone Energy Responds to Oil Price Volatility
Malaysia >> 3/10/2020 - Jadestone Energy Inc., an independent oil and gas production company focused on the Asia Pacific region, notes the recent fall in global oil prices, with the front end (May 2020) of the Brent oil pric...
New Contract for Far Stream
Malaysia >> 3/9/2020 - Solstad Offshore ASA (SOFF) is pleased to announce that the AHTS Far Stream (UT712L, 2006 built) has been contracted to a major Malaysian operator to support a drilling program of six wells. Commencem...
Iranian Companies Matured in South Pars Projects
Iran >> 3/8/2020 - They are currently doing well on $5 billion projects, managing director of Pars Oil and Gas Company (POGC), Mohammad Meshkinfam, announced. ...
OPEC & Non-OPEC Agreement Accessible before April
Iran >> 3/7/2020 - Iranian Minister of Petroleum Bijan Zangeneh says OPEC+ could reach an agreement to consider deeper cuts in the group’s output before the end of March. ...
Last Deck of South Pars Phase 13 Installed
Iran >> 3/7/2020 - The fourth or the last deck belonging to phase 13 called 13C, while observing all safety requirements, was lifted and installed on its jacket by the installer vessel HL5000, director of phase 13, Payy...
OMV & Gazprom Sign Amendment Agreement Regarding Achimov 4A/5A Phase Development
Russia >> 3/6/2020 - OMV and Gazprom have signed an „Amendment Agreement“ to the „Basic Sale Agreement“ dated October 3, 2018. The „Amendment Agreement“ foresees, in particular, an extension of the negotiation phase for t...
Total to Develop 25 MW of Solar Rooftops in Thailand
Thailand >> 3/6/2020 - Total, through its affiliate Total Solar Distributed Generation, has signed a binding contract to provide 25 megawatt-peak (MWp) of solar rooftops for 24 facilities of one of the largest food companie...
AIOC Awards Services Contract in the Caspian Sea
Azerbaijan >> 3/5/2020 - Azerbaijan International Operating Co. (AIOC) has awarded Worley a contract for engineering, procurement and construction services as part of a gas lift project. AIOC is operated by BP. ...
Fugro Secures Large Marine Survey Contract on Abadi LNG
Indonesia >> 3/5/2020 - INPEX Masela, Ltd. (INPEX), a subsidiary of INPEX CORPORATION, has awarded Fugro a large marine survey contract for the Abadi liquefied natural gas (LNG) project in Indonesia. ...
PaxOcean Group Signed a Contract to Build Platform
Japan >> 3/3/2020 - PaxOcean Group has signed a significant newbuilding contract with Penta-Ocean Construction Co., Ltd., to construct a self-elevating platform (SEP) on 30 Jan 2020. ...
Underwater 3D Inspection Solution Clinches Contracts for Cortez Subsea
Malaysia >> 3/3/2020 - Subsea technology and services company, Cortez Subsea, enjoys success in the global inspection market thanks to its 3D technology. ...
InterMoor Installs New ESP System for Mampu-1 FPSO Facility
Malaysia >> 3/3/2020 - InterMoor recently transported and installed a new electrical submersible pump (ESP) system as part of the MaMPU-1 floating production storage and offloading (FPSO) facility upgrade for a wellhead pla...
Zenith Energy Reduces Azerbaijan Operations to Concentrate on Africa
Azerbaijan >> 3/2/2020 - Zenith Energy Ltd., the international oil & gas production company, provides the following update on its strategic direction in Azerbaijan. ...
Crude Oil Demand Wrecked by COVID-19
Iran >> 3/2/2020 - The head of the Vienna Energy Studies Group underlines the importance of the upcoming OPEC meeting, saying: “The coronavirus outbreak has ruined the demand for oil.” ...
Dragon Oil Increases Production in Turkmenistan
Turkmenistan >> 4/21/2015 - Dragon Oil plc, an international oil and gas exploration, development and production company, issues its Interim Management Statement in accordance with the EU Transparency Directive. The statement co...
Foreigners Gathering Iran Investment Data
Iran >> 4/20/2015 - Two British companies are gathering information about how to invest in Iran, managing-director of Iran Industries Investment Company said. ...
Gazprom Neft Reviews Refineries Modernisation Programme & Company Procurement Structure
Russia >> 11/28/2014 - The Board of Directors of Gazprom Neft has reviewed information on the progress of the modernisation of the company’s oil refining facilities, and the sourcing of products for the domestic market. ...

Global Oil & Gas News

Magseis Fairfield Awarded Deepwater OBN Program in Mexico
Mexico >> 3/27/2020 - Magseis Fairfield has been awarded a deep water OBN project in the Mexican sector of the Gulf of Mexico. Work is scheduled to commence in the third quarter of 2020 and will take approximately 60 days....
Teekay Awarded New Bareboat Contract for Foinaven FPSO
United Kingdom >> 3/27/2020 - Teekay Corporation (Teekay) has entered into a new bareboat charter contract with the Foinaven Operator (Britoil Limited, a subsidiary of BP p.l.c.), for the Petrojarl Foinaven (Foinaven) floating pro...
EMGS Initiates Transition to Low Cost Set up
United States >> 3/27/2020 - Following the end of acquisition work under the two-year contract in the Americas, as announced to the market on 20 February 2020, the recent sharp oil price decline and the uncertainty created by the...
Falcon Suspends Operations at Beetaloo Project Due to COVID-19
Australia >> 3/26/2020 - Falcon Oil & Gas has provided an operational update on the Beetaloo project in the Northern Territory, Australia in light of COVID-19. Following the successful completion of drilling operations, inclu...
Real Energy & Strata X Granted Project Venus Permit ATP2051
Australia >> 3/26/2020 - Real Energy, an Australian east coast focused gas company with interests in the Cooper and Surat Basins has announced that the Queensland Government has officially granted title to Project Venus permi...
3D Oil Nears Completion of Farm out of T/49P to ConocoPhillips Australia
Australia >> 3/26/2020 - 3D Oil has announced that ConocoPhillips Australia and TDO’s wholly owned subsidiary, 3D Oil T49P have executed a Joint Operating Agreement ('JOA') in relation to the offshore Tasmanian Permit T/49P w...
Petrobras on Actions to Strengthen Resilience
Brazil >> 3/26/2020 - Petrobras hereby provides an update to the market on the measures that have been taken by the company in view of the impacts of the COVID-19 (coronavirus) pandemic and the oil prices shock. The compan...
Valaris Provides Update on Operations, Contracts and Guidance
Mexico >> 3/26/2020 - Valaris plc continues actively working to recover or replace the blowout preventer (BOP) stack on VALARIS DS-8 following a non-drilling incident earlier this month. On March 19, 2020, the Company rece...
Touchstone Announces Y/E 2019 Results
Trinidad and Tobago >> 3/26/2020 - Touchstone Exploration Inc. reports its operating and financial results for the three months and year ended December 31, 2019. Selected information is outlined below and should be read in conjunction ...
IOG Announces Final Audited Results for Y/E 31 December 2019
United Kingdom >> 3/26/2020 - Independent Oil and Gas plc (IOG), the development and production company focused on becoming a substantial UK gas producer , is pleased to announce its final audited results for the Year Ended 31 Dec...
Bahamas Provides Update on the Timing of the Perseverance-1 Well
Bahamas >> 3/25/2020 - Bahamas Petroleum Company, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, wishes to provide the following update in relation...
Eni, COVID-19 Update: 2020-2021 Business Plan Revision
Italy >> 3/25/2020 - With respect to the information disclosed to the market on 18 March 2020, Eni has concluded in advance a revision to its planned activities as a result of the sharp decrease in commodities prices and ...
Equinor Launches $3B Action Plan to Strengthen Financial Resilience in 2020
Norway >> 3/25/2020 - Equinor presents updated outlook for 2020 and an around USD 3 billion action plan to strengthen the financial resilience in a market impacted by the COVID-19 and low commodity prices. Equinor can be o...
Occidental Provides Update on Capital Spending & Cost Reductions
United States >> 3/25/2020 - Occidental Petroleum Corporation announced a further reduction in 2020 capital spending to between $2.7 billion and $2.9 billion from its original 2020 guidance of $5.2 billion to $5.4 billion, a midp...
Doriemus Provides Update on the Acquisition of Cooper Eromanga Assets from Oilex
Australia >> 3/24/2020 - Doriemus plc announced on 21 February 2020 that it had completed a $4.5m bookbuild from various professional and sophisticated investors (“Bookbuild”) in connection with the Company’s proposed acquisi...
Head Energy Awarded Well Hook-ups at Brage Platform
Norway >> 3/24/2020 - Wintershall Dea has awarded Head Energy a contract for two well hook-ups at the Brage Platform. The engineering phase will start immediately. This is a strategically important contract for us and a re...
INEOS to Postpone Shutting down of Forties Pipeline System until August
United Kingdom >> 3/24/2020 - INEOS FPS has written to all its customers saying that there will be a delay to the FPS Summer Shutdown that was planned for June 16th 2020. The Shutdown will not now start before August 2020 at the ...
Hurricane Energy Provides Operational Update
United Kingdom >> 3/24/2020 - Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provides an operational update following recent developments in the ...
Chevron Announces Actions in Response to Market Conditions
United States >> 3/24/2020 - Chevron Corporation announced several steps it is taking in response to market conditions. ...
Santos COVID-19 Response & Business Update
Australia >> 3/23/2020 - Santos provided an update on the measures it is taking in response to COVID-19 and the current lower oil price environment. ...
Total Announces Immediate Action Plan in Context of Sharp Decrease in Oil Prices
France >> 3/23/2020 - Patrick Pouyanne, Chairman & CEO of Total, addressed the Group’s employees on March 19 to mobilize them in the face of the challenges ahead. He recalled the resilience that the Group’s teams demonstra...
COVID-19 & Oil Price War could Derail 2/3 of the World’s Oil & Gas Project Sanctioning in 2020
Guyana >> 3/23/2020 - The effect of the COVID-19 virus on global demand for oil and gas, along with an ongoing price war that has sent oil prices tumbling at an unprecedented rate, are poised to wreak havoc on new project ...
Talos Energy Announces Additional Budget Reductions & Provides Updated 2020 Guidance
Mexico >> 3/23/2020 - Talos Energy Inc. announced updated full year 2020 financial guidance, inclusive of $170.0 million of reductions in capital, operating and G&A expenses. The Company will continue to evaluate additiona...
Shell Acts to Reinforce Business Resilience & Financial Strength
Netherlands/Holland >> 3/23/2020 - As the COVID-19 virus spreads across the world - seriously impacting people’s health, our way of life and global markets - Shell is putting the safety and health of our people and customers first, alo...
Aker BP Updates Its Investment Program
Norway >> 3/23/2020 - Aker BP is updating its investment program and financial framework in order to secure additional financial optionality in response to the high uncertainty caused by the COVID-19 crisis. ...
CEO Letter to Shareholders
Norway >> 3/23/2020 - Alex Schneiter, President and CEO of Lundin Petroleum AB has written an open letter to shareholders in regard to current market conditions, measures taken to mitigate any impact from the current Covid...
Arreton Oil Discovery Planning Application Submitted to Isle of Wight Council
United Kingdom >> 3/23/2020 - UK Oil & Gas PLC has filed a planning application with the Isle of Wight Council for the appraisal drilling and flow testing of the Arreton oil discovery. Following a one-week statutory notice period,...
TGS Completes Processing of Erlend Wild West Project & Commences Deliveries
United Kingdom >> 3/23/2020 - TGS has completed, on-time, the processing of its Erlend Wild West multi-client 3D seismic survey west of Shetland. This data, which offers an enhanced subsurface image of the region to assist in the ...
Aker Solutions Wins 20-Year Umbilicals Master Order with Chevron
Aker Solutions Wins 20-Year Umbilicals Master Order with Chevron United States >> 3/23/2020 - Aker Solutions has entered a master agreement to provide umbilicals for Chevron-operated oil and gas fields in the US Gulf of Mexico. The company also secured the first work order under the new master...
Byron Encounters Oil & Gas Pay at South Marsh Island 71 F5 Well
United States >> 3/23/2020 - Byron Energy has provided an update on the Byron operated South Marsh Island Block 71 F5 ('SM71 F5') well in the Gulf of Mexico, USA. The Byron operated SM71 F5 well resumed drilling operations at 060...
Husky Energy Suspends West White Rose Project
Canada >> 3/22/2020 - Husky Energy will begin a systematic and orderly suspension of major construction activities related to the West White Rose Project. The decision reinforces Husky’s objective to prevent the transmissi...
Suspending Buy Back under the Share Buy Back Program until Further Notice
Norway >> 3/22/2020 - Equinor is under the current market conditions suspending buy-back under the share buy-back programme until further notice. Additionally, Equinor has started to implement measures to reduce operating ...
Lundin Farms down of Finland Wind Farm Project
Finland >> 3/20/2020 - Lundin Petroleum has successfully farmed down 50 percent of its Metsalamminkangas (MLK) wind farm project, in mid Finland to Sval Energi, a portfolio company of HitecVision.

As announced o...
Total Expands in Wind Power with the acquisition of Global Wind Power France
France >> 3/20/2020 - Total continues its growth in renewable energy in France with a substantial investment in wind power.

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OKEA Provides Operational and Financial Update
Norway >> 3/20/2020 - The industry is in the midst of an unprecedented combination of a global pandemic coupled with a dramatic fall in oil prices. The Board of Directors and the Management team of OKEA have been working c...
Impact of COVID-19
Falkland Islands >> 3/19/2020 - Rockhopper Exploration plc (RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, provides the following update in response to current market uncerta...
Gas Demand Growth in Europe Nearly Erased as COVID-19 Sends Continent into Lockdown
Germany >> 3/19/2020 - European gas demand in 2020 is likely to drop by 0.7% compared to our pre-coronavirus forecast, according to Rystad Energy’s most likely scenario. Growth will be limited to just about 2 billion cubic ...
Total Enters Floating Offshore Wind with a First Project
United Kingdom >> 3/19/2020 - Total positions itself on the floating offshore wind segment in line with its strategy to develop renewable energy. ...
Drilling Contract and Sale of Economic Interest in Block 13/23c
United Kingdom >> 3/19/2020 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK, is pleased to announce the following update. ...
88 Energy Provides Update on Charlie-1 Appraisal Well
United States >> 3/19/2020 - 88 Energy Limited is pleased to provide the following update related to operations for the Charlie-1 appraisal well, which is currently being drilled on the North Slope of Alaska. ...

Gulf Oil and Gas
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