Tag Archive

ENERGY NEWSTRACK TO 06/09/18:

ENERGY NEWSTRACK TO 06/09/18:

September 6, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $75.18 a barrel on Wednesday, 5 September 2018, compared with $76.32 the previous day, according to OPEC Secretariat calculation. Includes: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait […]

Ninth Discovery Offshore Guyana

Ninth Discovery Offshore Guyana

August 31, 2018 No Comments

ExxonMobil (NYSE:XOM) has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet (4,225 […]

Wintershall Tasks Europe to secure future energy supply

Wintershall Tasks Europe to secure future energy supply

August 31, 2018 No Comments

Mario Mehren, CEO of Wintershall, Commented at Norway’s largest energy conference and exhibition, Offshore Northern Seas (ONS) in Stavanger. “Europe needs to be aware of its strengths and must tackle the new political and economic challenges in concert. Only through closely collaborating with our neighbors can we guarantee supply security today and in the future,” […]

ENERGY NEWSTRACK TO 31/08/18:

ENERGY NEWSTRACK TO 31/08/18:

August 31, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $75.72 a barrel on Thursday, 30 August 2018, compared with $74.48 the previous day, according to OPEC Secretariat calculations. Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export […]

Eni Acquires new exploration license offshore Egypt

Eni Acquires new exploration license offshore Egypt

August 14, 2018 No Comments

Eni announced that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian authorities. The exploration license, named “Nour”, is located approximately 50 km offshore in the Eastern Mediterranean, in water depth ranging from 50 to 400 meters, […]

Equinor second quarter 2018 and first half results

Equinor second quarter 2018 and first half results

July 26, 2018 No Comments

Equinor, in its first financial report since the name change, reports adjusted earnings of USD 4.3 billion and USD 1.7 billion after tax in the second quarter of 2018. IFRS net operating income was USD 3.8 billion and the IFRS net income was USD 1.2 billion. “We capture value from higher prices and deliver solid […]

Tap Oil to Identify Manora Exploration Potential

Tap Oil to Identify Manora Exploration Potential

July 25, 2018 No Comments

Tap Oil Limited (ASX:TAP) (Tap Oil or the Company) recently engaged Perth based consulting group Discover Geoscience (Discover) to undertake an evaluation of the area surrounding the Manora Oil Field within the G1/48 concession, with a particular focus on identifying new exploration opportunities. This engagement with Discover is part of a strategic initiative by Tap […]

FRONTIER EXPLORATION LICENCE 2/14 SOUTHERN PORCUPINE BASIN

FRONTIER EXPLORATION LICENCE 2/14 SOUTHERN PORCUPINE BASIN

July 19, 2018 No Comments

Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil and Gas Exploration Company, provides a Licence Update on Frontier Exploration Licence (“FEL”) 2/14. Providence confirmed that, having received approval from the Minister of State at the Department of Communications, Climate Action and Environment, the farm-out comprising the assignment of equity (35%) and transfer […]

Equinor offered licences in 24th licensing round

Equinor offered licences in 24th licensing round

June 18, 2018 No Comments

The Ministry of Petroleum and Energy has offered Equinor 7 licences in the 24th licensing round – 5 operatorships and 2 partner positions. “We have a clear ambition of maintaining profitable production at today’s level on the Norwegian continental shelf (NCS) until 2030 and beyond. It is therefore crucial that we are awarded new exploration […]

Hess Announces Quarterly Cash Dividend on Preferred Stock

Hess Announces Quarterly Cash Dividend on Preferred Stock

June 6, 2018 No Comments

The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on August 1, […]

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