Occidental has announced it has entered into a definitive agreement to sell non-strategic acreage in the Permian Basin to an affiliate of Colgate Energy Partners III, LLC, for $508 million, subject to closing adjustments to reflect an April 1, 2021 effective date. The transaction, which is expected to close in the third quarter of 2021, […]

Borr Drilling Limited has five rigs working for joint ventures which are jointly owned with our Mexican partner providing integrated well services for Pemex. The services commenced in May 2019 and have provided Pemex with an incremental production of approximately 125,000 barrels of oil per day from 21 wells drilled so far. In our most […]

TGS ASA , a global provider of energy data and intelligence, announced that it has acquired three 3D multi-client seismic surveys of Polarcus Plc. (‘Polarcus’) covering a total of 12,200 square kilometers offshore Australia. In addition, Polarcus has permanently waived the revenue share rights associated with the multi-client library that TGS acquired in 2015. Polarcus has […]

Dietsmann Smart Labs, French-based ‘New Tech’ branch of energy industry veteran Dietsmann, has selected Norwegian Data Analytics specialist Arundo as its partner for a breakthrough development in the Predictive Maintenance of industrial plant. Dietsmann operates and maintains Oil & Gas and Power plants for major national and international energy companies in over 20 countries. The company […]

Pavilion Energy Trading & Supply Pte. Ltd and bp Singapore Pte Limited (“bp Singapore”) have signed a long-term LNG sale and purchase agreement (SPA) for the supply of approximately 0.8 million tonnes of LNG per year to Singapore for 10 years from 2024.  Beyond the supply of LNG to Singapore, both companies will strive to […]

A pipeline leak at Libya’s Samah oilfield may pause pumping operations, an oil engineer there and an oil source at Waha Oil Company said. Samah feeds the Es Sider oil terminal and an oil official at the Port Said Waha oil production is currently about 285,000 barrels a day. A leak repeated leaks are being […]

ExxonMobil today said it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately two miles (3.5 kilometers) south of the Longtail-1 well. It […]

Eni successfully drilled and tested the Maha 2 appraisal well, located in West Ganal block offshore Kalimantan, in Indonesia. The field is located 16 km South-East of Jangkrik FPU, operated by Eni. The well has been drilled to a depth of 2,970 meters in 1,115 metres water depth and encountered 43 metres of gas bearing […]

TGS-NOPEC Geophysical Company ASA, a global provider of energy data and intelligence, will begin operating under the new name of TGS ASA. TGS ASA reflects both the evolution of the company as well as its vision for the future. Kristian Johansen, CEO at TGS, commented, “As part of our new strategy to provide deeper insights […]

Tullow Oil plc announces that Dorothy Thompson CBE, Non-Executive Chair, has decided to step down from Tullow’s Board. A search process to find a new Chair has been launched and is expected to conclude towards the end of the summer.  Dorothy will remain Chair of Tullow until the new Chair is appointed and an appropriate […]