DEA Deutsche Erdoel AG announced the 4th December that it has signed an agreement to acquire Sierra Oil & Gas. The transaction, which is described by DEA as an “important milestone” in the company’s international growth strategy, is subject to government approvals, including from…
Partners in the Orinduik block located offshore Guyana have revealed their drilling plans for 2019. Eco Atlantic, a partner in the Tullow-operated Orinduik block, said on the 5th December that all partners approved the initial 2019 work plan and budget for the first Orinduik…
Spirit Energy has started drilling the Cassidy exploration well in the Norwegian sector of the North Sea within the Oda licence. Faroe Petroleum, a partner in the project with a 15 percent share, said on the 5th December that the well is being drilled…
The Nordex Group has received its largest order to date for the N149/4.0-4.5 of its Delta4000 series and the company’s biggest order under which Nordex will also be delivering the civil and electrical balance of plant (BoP) works under an EPC contract. Credit Suisse…
Equinor and Faroe Petroleum have agreed to asset swaps in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf. The transactions are calibrated as a balanced swap with no cash consideration. Faroe signed a binding agreement to swap its interests…
The Petrogas-operated A18-A5 gas well in the Dutch North Sea has been drilled and completed and is now on production. According to partner RockRose Energy, the well was targeting Pleistocene stacked marine sands (the Q3.2 and Q4 sand units). Hitherto, production from the…
The appraisal programme of the Zama discovery offshore Mexico began on the 29th November with the spudding of the Zama-2 appraisal well using the Ensco 8503 semi-submersible rig, Talos Energy Inc reported on the 3rd December. “We are excited to enter this phase of…
Apache Corporation has initiated production from its Garten development on Block 9/18a Area-W in the United Kingdom sector of the North Sea. The discovery well, which is located six kilometres south of the Beryl Alpha platform, was placed on production in late November, less than eight months…
Gas flaring in the Permian basin reached an all-time high in this year’s third quarter as the persistent rise in production collided with severe takeaway capacity challenges, according to Rystad Energy. Rystad estimates that gas flaring in the Permian averaged 407 MMcfd in the…
ExxonMobil has announced that it has made its tenth discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than five billion oil-equivalent barrels. The resource estimate, up from the previous estimate of more than four billion…
