Eni has reached an agreement to sell its shares in its entities in Pakistan to Prime International Oil&Gas Company, a newly established company formed by former Eni’s local employees team and Hub Power Company Ltd, the largest Independent Pakistani Power Producer. The activities covered by the agreement include interests in eight development and production leases […]

NEO Energy and HitecVision have announce dthe signing of a transaction that solidifies NEO’s position among the largest oil and gas producers in the UK. Based on current estimates NEO’s production will grow from circa 80,000 barrels of oil equivalent per day (boepd) in 2021 to a stable production base in the period 2022 – […]

Shearwater GeoServices Holding AS (“Shearwater”) today announced the award of a 4D monitor marine seismic acquisition survey by Total E&P Angola (“Total”). “As the established global market leader in 4D monitor surveys Shearwater is pleased to announce the award of this advanced multisensor project by Total in Angola,” said Irene Waage Basili, the CEO of Shearwater. “We […]

Ghana is preparing to become sub-Saharan Africa’s first LNG importer, with the terminal at the port of Tema set to receive its maiden cargo in the coming weeks. There are a number of LNG export projects across North and West Africa, but Egypt in 2015 became the first — and so far only — African […]

Yemen’s Houthi forces fired drones and missiles at the heart of Saudi Arabia’s oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports, in what Riyadh called a failed assault on global energy security Reuters reported.. The Saudi energy ministry said there were no casualties or loss of property […]

Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in February 2021 to 328,209 barrels of oil, corresponding to 11,722 barrels of oil per day. Oil production in Oman is currently subject to production limitations under the OPEC+ agreement. As a consequence, production from Blocks 3&4 […]

Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands B.V. which will employ the harsh-environment jack-up rig Maersk Resolute to perform well maintenance and drill a side-track of the A9 well at the P9 Horizon field in the Dutch North Sea. The contract is expected to commence in April 2021, with an […]

W&T Offshore has reported operational and financial results for the fourth quarter and full year 2020 including the Company’s year-end 2020 reserves report and 2021 guidance. Key highlights included: Produced 38,261 barrels of oil equivalent per day (“Boe/d”), or 3.5 million barrels of oil equivalent (“MMBoe”) (47% liquids), in the fourth quarter of 2020, above […]

Petredec a global giant in liquefied petroleum gas (LPG) trading and shipping, has announced the acquisition of Quest Petroleum, a fuels distributor in the Eastern Cape, South Africa. The addition of Quest to the portfolio expands Petrefuel’s geographic coverage beyond KwaZulu-Natal and sees the LPG company take its first steps into non-fuels retailing. Following its […]

Shelf Drilling has announced results for the fourth quarter and full year of 2020 ending December 31. Fourth Quarter Highlights • Q4 2020 Revenues of $121.3 million, a 5% sequential decrease compared to Q3 2020. • Q4 2020 Adjusted EBITDA of $31.8 million, representing an Adjusted EBITDA Margin of 26%.  • Full Year 2020 Revenue […]