Here’s a roundup of the latest E&P headlines including new gas fields going online in Indonesia and elsewhere plus contract announcements for new projects from the past week in the upstream oil and gas industry.
Here’s a roundup of the latest E&P headlines, including a new startup and bid round from the past week in the upstream oil and gas industry.
Developments underway are expected to increase Kosmos Energy’s oil and gas output by 50% by 2024, the Dallas-based E&P company unveiled in its Q3 earnings.
Apart from marginal fields, Nigeria last conducted bidding for 45 oil blocks in 2007 even when the court had stopped the sale of two that were under litigation between Shell and the Nigerian government.
However, Ivory Coast and Namibia are emerging as West Africa’s new oil and gas lands of opportunity, including what analysts say could be the next Guyana.
The sale process, which is run by investment bank Citi, is expected to be launched in the coming weeks and could raise over $1 billion, according to two sources close to the process.
Bonga crude oil stream was due to load 31,000 bbl/d in October, down from 95,000 the previous month, according to a preliminary export program seen by traders.
Exxon Mobil and Shell had been seeking to enforce a $1.8 billion arbitration award against Nigeria’s state-owned oil company from 2011, while Chevron and Equinor sought to enforce a $995 million award from 2015.
Aker Energy, controlled by Aker ASA, owns 50% of the deepwater block off Ghana where the Pecan Field is located, while Lukoil holds 38%, Ghana National Petroleum Corp. has 10%, and Fueltrade 2%.