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 […]

Neptune Energy has announced the safe and successful installation of four Enhanced Horizontal Subsea Tree Systems (EHXT) for the Duva development project in the Norwegian sector of the North Sea. The installation was carried out by a vessel instead of a rig, reducing installation time, costs and operational emissions.     The Duva development, on […]

The well testing programme of the exploration well Thameen-1 on Block 49 has been completed. No flows were recorded at surface, but down hole fluid samples were collected. The well will be suspended to allow re-entry at a later date after further evaluation has been carried out. Thameen-1 was drilled to its final total depth […]

Masirah Oil Limited has announced the spudding of Zakhera 1 well on 21 February 2021, which is being drilled by the Shelf Drilling Tenacious jack-up rig that has been moved from the Yumna Field, following the completion of the two new additional production wells, Yumna 2 and Yumna 3. The Zakhera prospect is located about […]

Equinor and partners Vår Energi, Idemitsu Petroleum and Neptune Energy have made the biggest discovery so far this year on the Norwegian continental shelf (NCS). Preliminary estimates place the size of the discovery between 12 and 19 million standard cubic metres of recoverable oil equivalent, corresponding to 75-120 million barrels of recoverable oil equivalent. “The […]

PEMEX has announced the discovery of a new giant oil field called Dzimpona -1, in the state of Tabasco, whose initial volume is estimated between 500 and 600 million barrels of crude oil equivalent. This was disclosed at the ceremony for the 83rd Anniversary of the Petroleum Expropriation headed by the president of Mexico, Andrés […]

Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production licence 532 in the Barents Sea. Recoverable resources are so far estimated at between 5 and 8 million standard cubic metres of recoverable oil, corresponding to 31 – 50 million barrels of recoverable oil. “Succeeding in the Barents Sea […]

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 […]

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 […]