ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels.  The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in Guyana in 2022. The Barreleye-1 well encountered approximately […]

Valeura Energy Inc. said that it has entered into a Sale and Purchase Agreement with KrisEnergy to acquire all of the shares of KrisEnergy International (Thailand) Holdings Ltd.  SPA, which holds an interest in two operated licences offshore Thailand for total initial cash consideration of US$3.1 million, plus certain contingent payments of up to a […]

The North Sea Transition Authority (NSTA) has fined Shell UK Limited £50,000 and served it with a Sanction Notice for breaching five field production consents. Effective management of production consents is an indicator of good stewardship of fields, and is an important component of a stable, well-regulated industry which has the trust and confidence of […]

Maritime Developments (Ltd) has designed a bespoke solution for the transpooling and storage of Magma’s unique Thermoplastic Composite Pipe (TCP) – the m-pipe. The solution consisted of a custom-designed pallet to maintain m-pipe’s MBR (maximum bend radius), with a height to suit a 2x product packing arrangement. The pallet height and outer flange diameter had […]

Vintage Energy, 50% interest holder and Operator of ATP 2021 (other interest holders: Metgasco Ltd, 25%; and Bridgeport (Cooper Basin) Pty Ltd, 25%,) has announced that the Gas Sales Agreement (GSA) between the ATP 2021 Joint Venture parties and AGL Wholesale Gas Limited (AGL) is now unconditional following execution of a Vali Field Gas Processing […]

Wood Energy said it has delivered crude oil production of 22.3 MMboe, down 1% from Q4 2021. According to the company’s first quarter report for period ended 31 march 2022 it has delivered sales volume of 25.5 MMboe, including a 2% increase in produced LNG sales volume from Q4 2021.  The average realised price increased […]

 French oil major TotalEnergies has been given more time to pay Petrobras for its 22.5 percent share in the Atapu offshore oil field. The Atapu block was acquired by the consortium composed of Petrobras which holds a 52.5 percent stake, Shell which holds 25 percent, and the remaining 22.5 percent is held by TotalEnergies. The […]

The Board of Directors of Seplat Energy Plc a Nigeria indigenous exploration and production company had  announced the appointment of Mrs. Bashirat Odunewu as an Independent Non-Executive Director of the Company, Mr. Kazeem Raimi as a Non-Executive Director and Mr. Ernest Ebi as a Non-Executive Director. The three appointees will be joining the Seplat Board with […]

BUTEC based in UAE, a leading contracting group in the MENA and GCC regions, has recently completed the takeover of 17 Energy Services companies in Africa previously owned by the energy global player, ENGIE Group. The acquisition process was completed on the 31st of March 2022, following the initial agreement signed on the 16th of […]

BW Energy has decided to proceed with the Maromba development project offshore Brazil and signed an agreement to purchase the FPSO Polvo from BW Offshore. The FPSO will be upgraded and redeployed on the field. The development plan is based on an initial drilling campaign of three wells with planned first oil in 2025 and a second campaign with a further three wells in 2027. The investment decision is subject to certain conditions precedent, including completion of the project financing. Unlocking material production “We […]