Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract, with a firm duration of six months. The contract value of the extension is approximately USD 77m, excluding […]

Shell Offshore Inc., a subsidiary of Shell plc, has agreed to sell its 100% interest in Shell Onshore Ventures LLC which holds a 51.8% membership interest in Aera Energy LLC to IKAV for a total consideration of approximately $2 billion in cash with additional contingent payments based on future oil prices, subject to regulatory approval. […]

Shell Drilling, Ltd. has had its asset purchase agreement to acquire five jack-up rigs from various subsidiaries of Noble Corporation (“Noble”) for USD 375 million (the “Rig Purchase Agreement” and the “Acquisition”, respectively) cleared by the UK Competition and Markets Authority (the “CMA”). The CMA has today announced that it has accepted legally binding undertakings […]

Eni and TotalEnergies have announced a significant gas discovery in the Cronos-1 well drilled in Block 6, 160 km off Cyprus coastline, in 2,287 metres of water depth. The Block is operated by Eni Cyprus holding 50% interest with TotalEnergies as partner. Preliminary estimates indicate about 2.5 TCF of gas in place, with significant additional […]

As Russian and Ukrainian war bites harder leading to prevailing European gas crisis and its ugly consequence to German’s economy owing Russia’s gas supply ban to Germany, Germany has earnestly exploring new discovery wells to cushion this effect. Neptune Energy as an old ally to German’s energy sector is not relenting to augment to this […]

Touchstone Exploration Inc. has announced that, the Company has received a Certificate of Environmental Clearance (CEC) on August 16, 2022 to conduct development operations within the Cascadura area of the Ortoire block from the Trinidad and Tobago Environmental Management Authority. Touchstone has an 80 percent operating working interest in the Ortoire block, with Heritage Petroleum […]

Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, announces its results for the year ended 31 March 2022. Financials As at 31 March 2022, the Company had cash and cash equivalents of US$3,403,885 and no debt. As at 31 March 2022, the Company had total assets […]

Prospex Energy  the AIM-quoted investment company focused on European gas and power projects, is pleased to announce that Po Valley Energy Limited  has received approval for the production concession at the Podere Maiar gas field located in the Po Valley onshore in northern Italy, which lies within the Selva Malvezzi production concession (‘Selva’).  Prospex holds […]

BG International Limited, an affiliate of Shell U.K. Limited, has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea, following regulatory approval earlier this year. Jackdaw will comprise a wellhead platform that is not permanently attended, along with subsea infrastructure which will tie back to Shell’s existing […]

Production in the Peregrino field in Brazil resumed on 16 July, aiming to ramp up production and reduce emissions intensity. Peregrino production was suspended in April 2020. Since then, Equinor has executed a major programme of maintenance, upgrades and repairs on the Floating Production Storage and Offloading (FPSO) vessel and has installed a new platform, […]