Archive for Press Releases

Premier Oil provides Trading and Operations Update

Premier Oil provides Trading and Operations Update

November 15, 2018 No Comments

Premier Oil plc today provides a Trading and Operations Update for the period to 15 November 2018. Highlights Year-to-date production of 78.4 kboepd, up from 76.2 kboepd in the first half; forecast full-year production at around 80 kboepd Record Catcher Area production rates of over 70 kboepd (gross) frequently achieved; contractual oil production rate expected […]

Energean Trading and Operational Update

Energean Trading and Operational Update

November 15, 2018 No Comments

Energean Oil and Gas plc (LSE: ENOG, TA: ENOG), the London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations offshore Israel, Greece and the Adriatic is pleased to issue the following Trading Update for the period from 1 July to 13 November 2018. The Group will publish a Trading Statement and […]

McDermott Awarded Contract by Talos Energy

McDermott Awarded Contract by Talos Energy

November 15, 2018 No Comments

McDermott International, Inc. (NYSE: MDR) announced today a contract award for concept and engineering services for Talos Energy Inc. for the Zama field development project – the first offshore Mexico block awarded to a private operator. The contract award is for engineering services, including concept selection and follow-on pre-FEED. McDermott will execute this contract award […]

CME Group Announces Henry Hub Natural Gas Futures All-Time Daily Volume Record

CME Group Announces Henry Hub Natural Gas Futures All-Time Daily Volume Record

November 15, 2018 No Comments

CME Group, announced it reached a daily trading volume record of 1,232,635 contracts for Henry Hub Natural Gas futures on Tuesday, Nov. 13, 2018, surpassing the previous record of 1,022,858 contracts set on Jan. 12, 2018. Additional energy futures and options volume records reached yesterday include: • Record 994,030 energy options contracts, surpassing the previous […]

Fresh exploration potential in offshore Argentina highlighted in new study

Fresh exploration potential in offshore Argentina highlighted in new study

November 15, 2018 No Comments

Explorers interested in Argentina’s upcoming offshore bid round will benefit from a new geological study which constrains the timing and structural context for Triassic to Early Cretaceous basin development prior to and during continental rifting of the South Atlantic Ocean. This new framework for basin evolution will inform exploration strategy and reduce investment risk in […]

Equinor acquires minority shareholding in Scatec Solar ASA

Equinor acquires minority shareholding in Scatec Solar ASA

November 15, 2018 No Comments

Equinor ASA has acquired 11,020,000 shares in Scatec Solar ASA, corresponding to 9.7 per cent of the shares and votes, at a total purchase price of approximately NOK 700 million (USD 82.4 million1). “The investment in Scatec Solar will increase Equinor’s exposure to a fast growing renewable sector, further complementing Equinor’s portfolio with profitable solar […]

Tullow Oil Announce November Trading Update

Tullow Oil Announce November Trading Update

November 15, 2018 No Comments

Tullow Oil plc (Tullow) issues the following Trading Update for the period 26 July to 15 November 2018. Trading Update summary • All fields producing in line with expectations, full year oil production guidance narrowed to 87-91,000 bopd • Full year free cash flow forecast to be c.$700 million, including Uganda farm-down proceeds of $200m, […]

Cairn Announce UK Norway Update – discovery and farm out

Cairn Announce UK Norway Update – discovery and farm out

November 15, 2018 No Comments

An oil discovery on the 9/14a-17B well and associated side-track on the Agar-Plantain Prospect in the UK North Sea Farm out agreement for a 40% non-operated interest of the Chimera prospect in the UK North Sea Commitment exploration well in the UK North Sea targeting the Ekland prospect failed to encounter commercial hydrocarbons The next […]

ADNOC to Invest AED 5.1 Billion to Upgrade and Expand Bu Hasa Field

ADNOC to Invest AED 5.1 Billion to Upgrade and Expand Bu Hasa Field

November 14, 2018 No Comments

The Abu Dhabi National Oil Company (ADNOC) announced, today, an AED 5.1 billion (US $1.4 billion) investment to upgrade and expand its Bu Hasa field that will increase crude oil production capacity to 650,000 barrels per day (bpd). This is an important step towards delivery of ADNOC’s 2030 smart growth strategy that seeks to increase […]

ADNOC to Extend Gas Supply Agreement For LNG Production

ADNOC to Extend Gas Supply Agreement For LNG Production

November 14, 2018 No Comments

The Abu Dhabi National Oil Company (ADNOC), has agreed, in principle, to extend to 2040 its gas supply agreement with ADNOC LNG, in coordination with ADNOC LNG’s joint venture partners, Mitsui, BP and Total. The new gas supply agreement is scheduled to take effect from April 1, 2019, replacing an existing agreement, due to expire […]

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