Africa
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (Dec. 4, 2020)
Ascent Resources and CNX Utica Shale completions, a Louisiana Austin Chalk venture plus two significant discoveries reported in Egypt top this week’s drilling activity highlights from around the world.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Dec. 2, 2020
Here’s a snapshot of recent energy deals including the closing of Southwestern Energy’s acquisition of Montage Resources plus the $44 billion all-stock merger of S&P Global and IHS Markit.
Investment , Field Development
Tullow Oil’s New Strategy Focuses on Squeezing West Africa Fields
Britain’s Tullow Oil will commit 90% of its investments in coming years on its producing offshore oil fields in West Africa and put exploration on the back burner to reduce debt.
Earnings , Exploration & Production , Technology
Wintershall Dea Looks beyond Pandemic, Costs to Fall, Volumes to Rise
German oil and gas company Wintershall Dea said Nov. 23 the low commodity prices caused by the coronavirus crisis had hit its third-quarter results, but that sustainably lower operating costs and higher output would help long-term.
Exploration & Production , Lease Sales
Norway Offers 136 Arctic Oil Exploration Blocks
The blocks include eight regions of the Arctic Barents Sea and one in the Norwegian Sea.
Exploration & Production
Libya’s NOC, Total Discuss Increasing Production, Expanding Investment
Libya’s oil output has been rising steadily since the gradual lifting of an eight-month blockade by eastern forces in September.
Highlights
E&P Plus: November 2020 International Drilling Activity Highlights
Check out the latest oil and gas drilling activity highlights from around the world featured in the November issue of E&P Plus including an exploratory test offshore Guyana by Exxon Mobil plus a deepwater gas discovery in the Turkish sector of the Black Sea.
Exploration & Production , Acquisitions & Divestitures
VAALCO Acquires Sasol's Offshore Gabon Interests, Doubling Total Production, Reserves
VAALCO Energy Inc. has signed a sale and purchase agreement to acquire Sasol Gabon SA 27.8% working interest in the Etame Marin block offshore Gabon, the company said on Nov. 17. In addition, VAALCO is acquiring Sasol’s 40% non-operated participating interest in Block DE-8 offshore Gabon.
Exploration & Production
Libyan Oil Production Tops 1.2 Million Barrels Per Day
Libya’s oil output has been rising steadily since the gradual lifting of an eight-month blockade by eastern forces in September.
Business , Exploration & Production , International , Acquisitions & Divestitures
Nigeria Case Against JP Morgan over Oil Deal to Go to Trial
The lawsuit against JP Morgan filed in the English courts in 2017 relates to the purchase of the offshore OPL 245 oil field in Nigeria by oil majors Shell and Eni in 2011.