Wintershall Dea aleading independent gas and Oil Company has reported its fourth quarter and fiscal year 2020 results.  FULL-YEAR 2020 SUMMARY: Annual production of 623 mboe/d at the higher end of original guidance underpinned by solid operating performance and record production level in Q4 2020 of 654 mboe/d; Financial results impacted by low commodity prices […]

EnQuest an independent oil and gas production and development company listed on the London and Stockholm stock exchanges (ENQ.L and ENQ.ST), has announced the signing of an agreement with Anasuria Hibiscus UK Limited to farm-down an 85% working interest in, and transfer operatorship of, the Eagle discovery located in the UK North Sea. EnQuest will […]

SBM Offshore has announced that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 26.25 years lease and operate contract for the FPSO Almirante Tamandaré, to be deployed at the Búzios field in the Santos Basin approximately 180 kilometers offshore Rio de Janeiro in Brazil. Under the contract, SBM […]

Fourth-Quarter Highlights Reported production of 411,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax barrels, was 365,000 BOE per day;  Delivered net cash from operating activities of $498 million and adjusted EBITDAX of $630 million; Exceeded fourth quarter adjusted production guidance; delivered upstream capital investment and LOE […]

PETRONAS has announced a gas discovery from Dokong-1 wildcat exploration well in Block SK417 Production Sharing Contract (PSC), located in the shallow waters of Baram Province, approximately 90 kilometres off the coast of Sarawak, offshore Malaysia. PTTEP HK Offshore Limited is the operator for Block SK417 PSC with 80 per cent participating interest while PETRONAS […]

Lamprell has announced that it has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract (the “Contract”) by Saudi Aramco as part of their Long-Term Agreement Programme (LTA) with Lamprell. Works on this large* Contract consists of two offshore production deck modules and associated pipeline and subsea cables in Saudi Aramco’s Marjan Field. The […]

Saipem has received from Qatargas a Letter of Award for the development of the North Field Production Sustainability Offshore Project, located offshore of the North-East cost of Qatar peninsula. The contract is worth approximately 1.7 billion USD. The scope of work encompasses the Engineering, Procurement, Construction and Installation of various offshore facilities for the extraction and transportation […]

Predator Oil & Gas, an oil and gas exploration company based in Jersey, UK, has announced the start of preparations for drilling the MOU-1 well of its project in Guercif, eastern Morocco.  In a previous publication released on February 15, the company revealed that it is preparing the MOU-1 well pad construction for the Guercif license […]

ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil’s non-operated upstream assets in the United Kingdom central and northern North Sea. The sale price of more than $1 billion is subject to closing adjustments, and has additional upside of approximately $300 million […]

Low-carbon hydrogen has a tiny share of the global energy market today. Investors, though, are betting on the long-term potential of this super-versatile energy carrier. Shares with meaningful exposure to hydrogen have been among the best performing in the bull run of energy transition stocks these last few months. Green hydrogen, produced by electrolysis of […]