Tag Archive

EON NRG Spuds Govt Kaehne 9-29 Well

EON NRG Spuds Govt Kaehne 9-29 Well

November 20, 2019 No Comments

Eon NRG Limited (ASX:E2E) is pleased to announce that drilling operations have commenced with the spudding of the first well on its recent acquired 15,000 acres in the Powder River Basin. Highlights: – Govt Kaehne #9-29 well has commenced drilling – First well to be drilled on Eon’s 15,000-acre leasehold position in the Powder River […]

JX Nippon Sign Research Agreement with The University of Texas at Austin

JX Nippon Sign Research Agreement with The University of Texas at Austin

November 19, 2019 No Comments

JX Nippon Oil & Gas Exploration Corporation (“JX”) (President and CEO: Hiroshi Hosoi) announced that it has executed a Sponsored Research Agreement (“SRA”) with The University of Texas at Austin (“UT Austin”), to conduct a research on Chemical Enhanced Oil Recovery (EOR). It is forecasted that the robust demand for oil and gas will continue […]

DNO Increases North Sea Financing Facilities

DNO Increases North Sea Financing Facilities

November 18, 2019 No Comments

DNO ASA, the Norwegian oil and gas operator, announced that its wholly owned subsidiary, DNO North Sea plc, formerly Faroe Petroleum plc, has increased and extended its reserve based lending (RBL) facility and its exploration financing facility (EFF). As amended, the RBL facility limit has been increased from USD 245 million to USD 350 million. […]

DNO announces Oil and Gas Discovery

DNO announces Oil and Gas Discovery

November 18, 2019 No Comments

DNO ASA, the Norwegian oil and gas operator, announced issuance of a notice of discovery to the Kurdistan Regional Government of Iraq on the Baeshiqa-2 exploration well, in accordance with the requirements of the Production Sharing Contract, after flowing hydrocarbons to surface from the upper part of Triassic Kurra Chine B reservoir. Following acid stimulation, […]

Saipem Sign Strategic Cooperation Agreement with Daewoo E&C Co. Ltd

Saipem Sign Strategic Cooperation Agreement with Daewoo E&C Co. Ltd

November 11, 2019 No Comments

Saipem and Daewoo E&C Co. Ltd have signed a strategic agreement for cooperation on targeted worldwide opportunities in the onshore oil and gas industry, with specific emphasis on the LNG sector. By combining both companies’ assets and expertise in engineering, procurement and construction of onshore facilities, the two companies will focus on specific prospects with […]

Weir Oil and Gas Awarded Contract with Cortec USA

Weir Oil and Gas Awarded Contract with Cortec USA

November 8, 2019 No Comments

Weir Oil & Gas announced it has signed a contract with Cortec USA to provide authorized repairs, specifically for Cortec’s Chokes, Valves, Manifolds and API accessories product range. The Authorized Repair Facility agreement will see Cortec’s customers send Cortec products to Weir’s Dubai facility to capitalize on Weir’s original equipment manufacturer repair and recertification status. […]

Equinor discovers Oil and gas in the North Sea

Equinor discovers Oil and gas in the North Sea

November 6, 2019 No Comments

Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea. Recoverable resources are estimated at 6-16 million standard cubic metres of oil equivalent, corresponding to 38-100 million barrels of oil equivalent. “We are making one of this year’s biggest […]

Shell gets antitrust clearance for Cosan Biomassa deal

Shell gets antitrust clearance for Cosan Biomassa deal

October 29, 2019 No Comments

Brazilian antitrust regulalor Cade gave the green light to the acquisition of a 81.5% stake in Cosan Biomassa by Anglo-Dutch oil and gas major Royal Dutch Shell Plc (AMS:RDSA). The approval was made without restrictions and published on today’s Official Gazette. Shell reportedly made the purchase through Raizen Energia, a joint venture between its local […]

BP Release Third quarter 2019 results

BP Release Third quarter 2019 results

October 29, 2019 No Comments

Financial results Underlying replacement cost profit for the third quarter of 2019 was $2.3 billion, compared to $3.8 billion a year earlier. The result was impacted by significantly lower Upstream earnings, resulting from lower prices, maintenance and weather impacts. A divestment-related, non-cash, non-operating after-tax charge of $2.6 billion resulted in a reported loss for the […]

CNOOC Announce Key Operational Statistics for 3rd Quarter of 2019

CNOOC Announce Key Operational Statistics for 3rd Quarter of 2019

October 24, 2019 No Comments

CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its key operational statistics for the third quarter of 2019. The Company achieved a total net production of 124.8 million barrels of oil equivalent (“BOE”) for the third quarter of 2019, representing an increase of 9.7% year over year (“YoY”). Production from offshore […]

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