Italy’s Eni is considering spinning off oil and gas operations in West Africa and the Middle East into new joint ventures to help reduce debt and fund its shift to low-carbon energy, according to company and industry sources. The move is part of a major overhaul the company launched last year as it transitions into […]

Eni, through its subsidiary Eni RAK, has been awarded Block 7 located in the onshore of Ras Al Khaimah, United Arab Emirates. The Exploration and Production Sharing Agreement was signed between the Chairman of Eni RAK, Fuad Krekshi, and the Chief Executive of the Ras Al Khaimah Petroleum Authority, Nishant Dighe, in the presence of […]

Three crew members were missing after a well blowout and fire on an oil rig platform in the Bohai Sea in northeastern China earlier this week that halted operations in China’s largest offshore oil field. The field is jointly owned by state-controlled giant China National Offshore Oil Corp. (CNOOC) and U.S. oil giant ConocoPhillips. CNOOC hasn’t made a […]

PetroTal has announced the following operational update for Q1 2021. All currency amounts are in United States dollars (unless otherwise stated). Highlights: Petrotal has commenced its 2021 drilling program by spudding the first well (“7D”) on March 29, 2021, with expected completion the first week of May 2021; Successfully completed the workover of well 4H […]

Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in March 2021 to 356,736 barrels of oil, corresponding to 11,508 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 […]

OPEC+ expressed growing confidence in the global economic recovery by agreeing to increase oil production gradually in the coming months. Before meeting, the cartel had been widely expected to maintain its cautious stance by rolling over the current supply cuts, just as it did last month. Yet Saudi Arabia and its allies showed they are […]

Zephyr Energy, the Rocky Mountain oil and Gas Company, today announced the completion of its acquisition of non-operated working interests in currently producing and near-term production wells in the Bakken Formation, North Dakota, USA. All conditions of the Acquisition were satisfied yesterday, including the transfer of title of the Bakken Interests to Zephyr and the […]

Cenovus Energy Inc has announced that effective March 31, 2021, its wholly owned subsidiary Husky Energy Inc. has been amalgamated with Cenovus under the provisions of the Canada Business Corporations Act. The company will continue to operate as Cenovus Energy Inc. As a result of the amalgamation, Husky will no longer be required to file reports […]

Neptune Energy has announced that it has completed the acquisition of interests in several oil and gas fields in Emsland and the Grafschaft Bentheim region of Germany from Wintershall Dea. The agreement will increase Neptune’s existing interests in the Adorf, Apeldorn and Ringe gas fields and in the Adorf-Scheerhorn, Georgsdorf and Ringe oil fields. It […]

INEOS Energy has announced an agreement to sell its Oil and Gas business in Norway to PGNiG Upstream Norway AS for a consideration of $615 million.  The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf. INEOS E&P Norge AS produces around 33,000 BOE […]