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 […]

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 […]

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 […]

Neptune Energy has announced its readiness to acquire interests in several oil and gas fields in the 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 will add […]

The field was discovered in 1981, and when it came on stream in 1989, Veslefrikk’s development concept, as a first on the Norwegian continental shelf, consisted of a floating production unit. The partnership has invested some NOK 20 billion in Veslefrikk, and the field’s productive life has been extended several times. When the plan for […]

PETRONAS has awarded Block SB405, off the coast of Sabah, offshore Malaysia, to ConocoPhillips East Malaysia Limited (COPEM) a subsidiary of ConocoPhillips and PETRONAS Carigali Sdn. Bhd. (PCSB). The award of this exploration block is expected to bolster exploration activities off the coast of Sabah following the opening of more block investment opportunities in the […]

PETRONAS has announced that it will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on 26 February 2021. Also included are six discovered fields to incentivise investors to undertake more extensive exploration activities within those blocks. This year’s MBR also features the offering of four deepwater […]