On 27 February 2022, Equinor decided to start the process of exiting the company’s Joint Ventures in Russia. Since then, Equinor has halted all new investments into Russia, stopped trading oil and gas products from Russia and announced an impairment of USD 1.08 billion on the balance sheet as of 31 March 2022. Equinor has […]

Neptune Energy Norge AS, operator of production licence 153, has concluded the drilling of appraisal wells 35/9-16 S and 35/9-16 A on oil and gas discovery 35/9-3 (Hamlet). The wells were drilled about 7 kilometres north of the Gjøa field in the North Sea, and 58 kilometres west of Florø. The 35/9-3 discovery was proven […]

Indonesia Energy has announced that it has discovered oil in its “Kruh 27” well. Kruh 27 is the first of two back-to-back wells being drilled by IEC during the first half of 2022 at its 63,000-acre Kruh Block. As previously announced, IEC has plans to drill two additional wells at Kruh Block during 2022 following […]

Karoon Energy Ltd has exercised options to add the drilling of up to two wells at the Neon field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The contract extension has a duration of 80 days, in direct continuation of the rig’s previous work scope. The contract extension has a firm contract […]

INPEX CORPORATION (INPEX) announced that it  has commenced exploratory drilling operations (hereinafter the “Project”) offshore Shimane and Yamaguchi prefectures in Japan to explore the possibility of locating oil and natural gas resources through INPEX San’in Offshore Development Co., Ltd., a subsidiary tasked with conducting exploration and development operations. This is sequel to the announcement made […]

Enwell Energy, the AIM-quoted oil and gas exploration and production group, today announced the results of the SV-31 well at its Svyrydivske (SV) gas and condensate field in Ukraine. The SV-31 well is a development well, targeting production from the V-21 and V-22 horizons in the Visean formation. The well was spudded in September 2021 […]

Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, has announced the start of production of the FPSO Guanabara in the Mero field, offshore Santos Basin in Brazil. The FPSO Guanabara, which while under construction was also known as Mero-1, has an installed capacity of 12 million cubic meters of natural gas and […]

IOG, the Net Zero UK gas and infrastructure operator focused on high return projects, provides the following full operational update. Blythe & Elgood Facilities, Infrastructure & ReservoirsOver the initial seven weeks of production, the Bacton terminal operator Perenco (UK) Limited (PUK), IOG and its Pipeline and Facilities Duty Holder ODE Asset Management (ODEAM) have been […]

Maersk Drilling has secured a contract with Aker BP, on behalf of the Ivar Aasen license, who will employ the ultra-harsh environment jack-up rig Maersk Invincible for the drilling of three infill wells at the Ivar Aasen field offshore Norway. The contract has an estimated duration of 86 days and is expected to commence in […]

W&T Offshore, Inc. has announced the signing of a Memorandum of Understanding (MOU) with Korea National Oil Corporation (KNOC) to jointly consider and pursue various opportunities in upstream oil and gas as well as other potential joint venture opportunities along the energy value chain in North America. This non-binding MOU allows both parties to collectively […]