Africa

Discoveries

SDX Energy Makes Commercial Gas Discovery in Egypt

The company estimates the well, which was drilled to a measured depth of 7,245 feet, encountered about 24 billion cubic feet equivalent of recoverable gas and condensate resources.

April 8, 2020

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (April 3, 2020)

Two extended-lateral Wolfcamp Shale producers completed by CrownQuest and a horizontal Frontier discovery in Wyoming’s Converse County top this week’s drilling activity highlights from around the world.

April 3, 2020

Business , Exploration & Production

Cairn Energy Reduces Senegal, UK Spending Plans

Oil and gas producer Cairn Energy on March 27 reduced investment plans by about a fifth, following the fall of oil prices to less than $30 per barrel.

March 27, 2020

Field Development

Woodside, Partners Review Timing of $4.2 Billion Senegal Oil Project

The project is Senegal’s first oil development and key to Woodside’s growth plans over the next seven years.

March 25, 2020

Drilling

Tullow Cancels Maersk Drilling Contract Offshore Ghana

Maersk Drilling has received a notification from Tullow Ghana Ltd. on March 24 of early termination for convenience of the drilling contract for the drillship Maersk Venturer.

March 24, 2020

Seismic

Seismic Firm Polarcus’ Project Cancellations Highlight Oil Price Slump

Polarcus Ltd., which operates ships that search for offshore oil and gas, announced two project cancellations on March 23 that will reduce its fleet utilization next quarter, highlighting the effects of the oil price slump on the energy services sector.

March 23, 2020

Crude Oil , Trade , Legislation

Iraq Oil Minister Urges OPEC, Non-OPEC Emergency Meeting

In a letter seen by Reuters, Iraq's oil minister asked OPEC Secretary-General Mohammad Barkindo to help "urgently achieve" extraordinary meetings of the OPEC+ group.

March 18, 2020

Field Development

BW Energy Begins Tortue Phase 2 Production Offshore Gabon

Production began on March 7, just three days after BW marked first oil from the DTM-5H well.

March 10, 2020

Subsea

TechnipFMC Wins EPCI Contract For BP’s Platina Field Offshore Angola

TechnipFMC has been awarded a significant integrated engineering, procurement, construction, and installation (iEPCI) contract on March 10 from BP Angola for the Platina field development, located offshore Angola in Block 18 at water depths ranging from 1,200 m to 1,500 m.

March 10, 2020

Crude Oil , Trade , International

OPEC Countries Lose $500 Million A Day In Oil Price Crash

For the most part, oil is a top income source for members of OPEC and such a dramatic fall in prices will put a strain on their economies.

March 10, 2020