Africa
Crude Oil , Trade , International
Saudi Arabia Chafes at ‘False Promises’ on Oil Cuts from OPEC Partners
Moves to flout deal terms on oil cuts damage reputation of OPEC+, Saudi Arabia’s energy minister says.
Highlights , Field Development , Emerging Plays , Drilling
E&P: September 2020 International Drilling Activity Highlights
Check out the latest oil and gas drilling activity highlights from around the world featured in the September issue of E&P including plans to drill and test a play offshore the U.K. originally discovered by ConocoPhillips in 1982.
Acquisitions & Divestitures , Trends
Energy A&D Transactions from the Week of Sept. 16, 2020
Here’s a snapshot of recent energy deals including BP’s $1.1 billion acquisition of U.S. offshore wind assets plus Northern Oil and Gas’ entry into the Permian Basin.
Business , Exploration & Production
US Development Finance Institution to Fund Energy, Gas Development in Mozambique
The loan will finance the development, construction and operation of a 420-megawatt power plant and 25-km interconnection line, the Embassy said.
Acquisitions & Divestitures , Trends
Energy A&D Transactions from the Week of Sept. 9, 2020
Here’s a snapshot of recent energy deals including the sale of Schlumberger’s fracking business, OneStim, to Liberty Oilfield Services and the dissolution of Ovintiv’s Duvernay Shale JV with PetroChina.
Public Capital , Deepwater , Acquisitions & Divestitures
Kosmos Energy Sells Frontier Exploration Assets in $200 Million Farm-down to Shell
Proceeds from its farm-down to Shell enables Kosmos Energy to accelerate high-graded exploration opportunities in “proven basins that offer superior returns with shorter payback,” CEO Andrew Inglis says.
Exploration & Production , Crude Oil , Trade , International
OPEC August Oil Output Rises for Second Month as Supply Cut Eased
OPEC oil output has risen by about 1 million bbl/d in August, a Reuters survey found, as the group and allies eased record oil supply curbs.
Exploration & Production
Angola’s Energy Roadmap Aims to Reverse Oil Output Decline
Angola’s proven oil reserves currently stand at just 7 billion barrels, according to the new Hydrocarbon Exploration Strategy cited in a report.
Field Development
Total and Mozambique Sign Security Pact for $20 Billion Natural Gas Project
French oil major Total has signed a security pact with the Mozambique government to protect a $20 billion natural gas (LNG) project being developed in the southern African country, the company said on Aug. 24.
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (Aug. 21, 2020)
Occidental Petroleum Wolfcamp Shale wells in New Mexico’s Eddy County of the Permian Basin plus a pre-salt oil discovery offshore Brazil in the Buzios Field top this week’s drilling activity highlights from around the world.