Cadogan Petroleum, the London Stock Exchange listed independent oil and Gas Company provides the following operational update post year end. Net production for 2020 was 106,400 bbl which is 1.5% above the production of 2019. This production result was achieved despite the heavy impact of covid-19 pandemic and 5.5 months shut-down of Blazhiv-3 and Blazhiv-Monastyrets-3 […]

Lundin Energy Norway AS, operator of production licence 533 B, has concluded the drilling of wildcat well 7219/11-1. The well was drilled about 40 kilometres southwest of the Johan Castberg field, 35 kilometres northwest of the 7220/11-1 (Alta) oil/gas discovery and 225 kilometres northwest of Hammerfest. The exploration target for the well was to prove […]

 Oil and Gas Development Company Limited (OGDCl) as operator (95%) and Government Holdings (Pvt) Limited (5%) has discovered gas & condensate from its exploratory well Sial-1, which is located in district Hyderabad, Sindh Province.  The structure of Sial-1 was drilled and tested using OGDCl’s in house expertise. The well was drilled down to the depth […]

President Joseph R. Biden, Jr has appointed Enoh T. Ebong as the Acting Director of the U.S. Trade and Development Agency. The appointment meant a return to USTDA where from 2004 to 2019, Ms. Ebong had served in a variety of roles, most recently as the Agency’s General Counsel, and Deputy Director and Chief Operating […]

INPEX CORPORATION (INPEX) has announced that it has formulated its “Business Development Strategy – Towards a Net Zero Carbon Society by 2050” (hereinafter “Business Development Strategy”). In association with this, the company will change its corporate name and implement an internal reorganization with the objective of standardizing the naming of INPEX Group companies and strengthening […]

Neptune Energy and its joint venture partners bp and JAPEX, has announced drilling has commencement of drilling activities on the Seagull project in the UK Central North Sea. The Gorilla VI (JU-248) jack-up rig, operated by Valaris, will drill four wells for the development over the course of the drilling campaign which is expected to […]

BP has agreed to sell a 20% participating interest in Oman’s Block 61 to PTT Exploration and ‎‎Production Public Company Limited (PTTEP) of Thailand for a total consideration of $2.6 billion. ‎Following completion of ‎the sale, bp will remain operator of the block, holding a 40% interest.‎ ‎Subject to approval from the Sultanate of Oman […]

On 21st January, Damen Shipyards Group’s revolutionary Fast Crew Supplier (FCS) 7011  was launched into the water at Damen Shipyards Antalya,  Turkey. The vessel, hailed as a quantum leap forward in marine access solutions, is the result of close market consultation. To meet the needs of an offshore industry faced with consistently low oil prices, Damen has […]

The world’s first 100,000-ton deepwater semi-submersible production and storage platform, which is built to ABS Class, has been launched in China, Offshore Engineers reported. China National Offshore Oil Corporation (CNOOC) will now begin installation and commissioning on the China-built platform – named “Deep Sea No. 1” – which is a key component of the  Lingshui 17-2 […]

Eni announces the successful award of a new Production Licence, resulting from an application made in the 32nd UK Offshore Licensing Round. The Licence, named P2511, covers an area of approximately 340 square kilometres and is located approximately 250 km offshore UK in the Northern North Sea in a water depth ranging from 100 to 130 […]