Maersk Drilling has secured an additional two-well contract for the low-emission rig Maersk Integrator with Aker BP. The plan is that in direct continuation of the rig’s previously announced work scope with a different operator, Maersk Integrator will return to Aker BP’s Ivar Aasen field for a two-well campaign expected to commence in Q3 2021. The […]

Cadogan Petroleum, the London Stock Exchange listed independent oil and Gas Company provides the following operational update post year end. Net production for 2020 was 106,400 bbl which is 1.5% above the production of 2019. This production result was achieved despite the heavy impact of covid-19 pandemic and 5.5 months shut-down of Blazhiv-3 and Blazhiv-Monastyrets-3 […]

Lundin Energy Norway AS, operator of production licence 533 B, has concluded the drilling of wildcat well 7219/11-1. The well was drilled about 40 kilometres southwest of the Johan Castberg field, 35 kilometres northwest of the 7220/11-1 (Alta) oil/gas discovery and 225 kilometres northwest of Hammerfest. The exploration target for the well was to prove […]

 Oil and Gas Development Company Limited (OGDCl) as operator (95%) and Government Holdings (Pvt) Limited (5%) has discovered gas & condensate from its exploratory well Sial-1, which is located in district Hyderabad, Sindh Province.  The structure of Sial-1 was drilled and tested using OGDCl’s in house expertise. The well was drilled down to the depth […]

Neptune Energy and its joint venture partners bp and JAPEX, has announced drilling has commencement of drilling activities on the Seagull project in the UK Central North Sea. The Gorilla VI (JU-248) jack-up rig, operated by Valaris, will drill four wells for the development over the course of the drilling campaign which is expected to […]

BP has agreed to sell a 20% participating interest in Oman’s Block 61 to PTT Exploration and ‎‎Production Public Company Limited (PTTEP) of Thailand for a total consideration of $2.6 billion. ‎Following completion of ‎the sale, bp will remain operator of the block, holding a 40% interest.‎ ‎Subject to approval from the Sultanate of Oman […]

Eni announces the successful award of a new Production Licence, resulting from an application made in the 32nd UK Offshore Licensing Round. The Licence, named P2511, covers an area of approximately 340 square kilometres and is located approximately 250 km offshore UK in the Northern North Sea in a water depth ranging from 100 to 130 […]

TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S according to Reuters.  President Joe Biden revoked the project’s presidential permit, the company said in an email to employees. Biden’s decision to cancel the permit is seen as the project’s death […]

U.S. President Joe Biden’s promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuter’s interviews with executives. But smaller independent oil drillers without the resources of big corporations were more worried about Biden’s vow […]

Eni announces that Vår Energi, jointly owned by Eni (69.85%) and HitecVision (30.15%), has been awarded 10 exploration licenses in the “Awards in Predefined Areas 2020” (APA) in Norway. San Donato Milanese (Milan), 19 January 2021 – Eni through Vår Energi, jointly owned by Eni (69.85%) and by HitecVision (30.15%), will participate in a total of […]