CNOOC Limited announced on the 18th December that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with nine international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and Total. According to the agreements,…
Angola’s Sonangol and BP have signed an agreement to progress to final investment decision the development of the Platina field in deep-water Block 18, offshore Angola. They also agreed to extend the production licence for the BP-operated Greater Plutonio project on Block 18 to…
In response to the challenges of effective water injection in fractured reservoirs, independent global completions service company Tendeka has launched a new technology to optimise oil production. As an addition to their extensive range of advanced inflow control technology, FloFuse can increase oil recovery…
The Canadian government will pump C$1.6 billion (US$1.186 billion) into the country’s oil and gas sector, which has been grappling with record low oil prices, Canada’s Minister of Natural Resources Amarjeet Sohi announced on the 18th December. The investment will go to support jobs…
Egypt’s government has paid Dana Gas US$20 million with further payments likely to follow before year-end. These will allow the company to proceed with plans to drill the Merak deep-water exploration well, its first on the block 6 North El Arish Concession Area, said…
Subsea company DOF Subsea has been awarded three new contracts in the North Sea. DOF Subsea said on the 18th December that the first of these contracts will see the company undertake a workscope in the Norwegian North Sea involving subsea construction support and…
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Yoshihisa Suzuki, President and Chief Operating Officer of Itochu Corporation, took place in St. Petersburg on the 16th December.. In the course of the meeting, Gazprom and Itochu Corporation signed a Memorandum of Understanding on the Baltic LNG project. With this document, the…
Equinor has been declared the provisional winner of one of the three leases offered in the US government’s wind lease sale for an area offshore the Commonwealth of Massachusetts. Equinor submitted a winning bid of US$135 million for lease OCS-A 0520, during the online…
Anglo African Oil & Gas (AAOG) has provided an update in relation to its TLP-103C well at the company’s Tilapia licence. The company intersected the R1, R2 and R3 horizons on Saturday, the 15th December. Hydrocarbons were encountered in these horizons as prognosed…
AIM-listed President Energy has provided an update relating to the Puesto Flores Concession in Rio Negro Province, Argentina (President 90% and operator – EDHIPSA 10%). Highlights PF0 1005, the third and final new well in the current drilling programme has been successfully drilled, logged,…
