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Development News

Union Jack Provides Wressle Development Update
United Kingdom >> 11/26/2020 - Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company are pleased to announce an update on the development of the Wressle oil field (“Wressle”) and detai...
Santos Welcomes Federal Signoff on Narrabri Gas Project
Australia >> 11/24/2020 - Santos welcomes Federal Environment Minister Sussan Ley’s approval of the Narrabri Gas Project and will now embark on a 12-18 month appraisal program ahead of a Final Investment Decision (FID) for the...
Parkmead Announced Preliminary Results for the Year Ended 30 June 2020
United Kingdom >> 11/20/2020 - HIGHLIGHTS
Strong financial position and robust producing assets, despite low gas price environment

· Well capitalised, with cash b...
Oil Search Targets Pikka Phase 1 Development FID in Late 2021
United States >> 11/19/2020 - Highlights

- 33% increase in 2C contingent resource, taking total gross Alaskan North Slope 2C resources within Oil Search’s portfolio from 728 million barrels of oil (mmbbl) to 968 ...
Petroleum Minister & Australian Ambassador Discuss Gas Market
Petroleum Minister & Australian Ambassador Discuss Gas Market Egypt >> 11/17/2020 - Petroleum Minister Tarek el Molla held a meeting via video conference with Australian Ambassador here Glenn Miles to discuss bilateral cooperation and the latest developments concerning the global gas...
Energean’s Karish Project 85% Completed
Israel >> 11/17/2020 - Energean plc has provided an update on recent operations and the Group’s trading performance in the 9-months to 30 September 2020 together with updated guidance for the full year.

Math...
AErfugl Phase 1 Project Starts Production
Norway >> 11/13/2020 - Operator Aker BP and partners Equinor, Wintershall Dea and PGNiG report that production has started from AErfugl phase 1 in the Norwegian Sea.

- I am very proud of the excellent performa...
Awarding Study Contracts for Wisting
Norway >> 11/12/2020 - Equinor has, on behalf of the Wisting licence partners, awarded contracts for concept studies to further progress of the project development towards a final concept select decision. ...
Cenovus Reaches Agreement to Accelerate Development of Marten Hills Oil Assets
Canada >> 11/9/2020 - Cenovus Energy Inc. (CVE), through a wholly owned partnership, has entered into a definitive agreement to sell its Marten Hills oil assets in northern Alberta to Headwater Exploration Inc. for initial...
Update on the Tyra Redevelopment Project
Denmark >> 11/6/2020 - Norwegian Energy Company ASA announces the following update on the Tyra Redevelopment Project:
- As a consequence of the ongoing COVID-19 pandemic, first production from the Tyra Redevelopment i...
Bowleven Provides Preliminary Results
Cameroon >> 11/5/2020 - Bowleven, the Africa focused oil and gas exploration group traded on AIM, announces its preliminary unaudited results for the year ended 30 June 2020. ...
Corporate and Operational Progress One Year on from FID
United Kingdom >> 11/4/2020 - Independent Oil and Gas plc, the UK gas company targeting high returns via an infrastructure-led hub strategy, is pleased to update on the substantial progress in the year since Final Investment Decis...
NGX Announces Binding Offer for Gas Drilling & Services to Develop SN-9
Colombia >> 11/4/2020 - NGX Energy International Corp. (formerly CruzSur Energy Corp.) is pleased to announce that it has received a binding commercial offer from CPVEN (the "Binding Offer") to develop the wells planned for ...
Geopark Announces 2021 Work Program & Investment Guidelines
Colombia >> 11/4/2020 - GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, anno...
Central Petroleum Restarts Range Gas Project
Australia >> 11/3/2020 - Central Petroleum has announced the restart of the Range Gas Project in Queensland’s Surat Basin. The Range Gas Project is being progressed under a 50:50 joint venture between Central and a wholly-own...
Acquisition of Jack ups to be Converted for Dussafu Developments
Gabon >> 11/2/2020 - BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon, utilising a converted jack-up rig to reduce investments and tim...
ExxonMobil Reports Results for Third Quarter 2020
Guyana >> 10/30/2020 - Exxon Mobil Corporation announced an estimated third quarter 2020 loss of $680 million, or $0.15 per share assuming dilution. Third quarter capital and exploration expenditures were $4.1 billion, brin...
Expression of Interest Letters with Africa Finance Corporation
Morocco >> 10/28/2020 - Chariot Oil & Gas Limited has received a non-binding Expression of Interest Letter ("EOI") from Africa Finance Corporation ("AFC"), a pan-African Multilateral Development Financial Institution, for th...
Petrobras on the FPSO P-71 and the Development of Tupi
Brazil >> 10/27/2020 - Petrobras informs that, after negotiations with its partners in BM-S-11 Consortium, Shell Brasil Petróleo Ltda (25%) and Petrogal Brasil S.A. (10%), signed a commitment to purchase platform P-71, subj...
The national budget – Consistent Good Project Implementation
Norway >> 10/16/2020 - Most projects are delivered within budget according to the NPD report “Project implementation on the Norwegian shelf”, presented earlier this year. ...

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