Strike Energy and Warrego Energy, the operators of the West Erregulla gas field in Western Australia, have entered a long-term contract with Ensign Energy Services for the provision of drilling services with the Ensign 970 drilling rig.
The Kharasaveyskoye field, in the Yamal peninsula, has estimated gas reserves of approximately 2 trillion m3.
The suspension will last for up to 12 months.
The prediction comes as a result of the company's expectation of weak demand for energy for a prolonged period and a faster transition away from fossil fuels due to the ongoing Covid-19 pandemic.
The acts of sabotage took place at Ecopetrol’s La Cira-Infantas oilfield, near the city of Barrancabermeja, which produces around 35 000 bpd.
The two companies have reached agreement on the terms of a recommended all-share merger, which would see Bahamas Petroleum acquire Columbus for approximately £25 million.
The company will provide its continuous environmental compliance and drilling performance management services on both projects.
The payment is for the acquisition of a 22.5% working interest in the North Kairouan permit and the Sidi El Kilani concession, which contains the Sidi El Kilani oilfield.
The MoU covers cooperation opportunities in E&P, LNG, downstream and infrastructure, and circular economy and low-carbon energy projects.
The Qinhuangdao 33-1S oilfield phase I project is expected to reach its peak production of approximately 6000 bpd of crude oil in 2021.
The company drilled a total of 80 wells, down from the approximately 110 wells originally planned due to continued production outperformance.
The project will be implemented in the Bir Seba and Mouiat Outlad Messaoud oilfields for Groupement Bir Seba.
An armed group has shut production at the Libyan oilfield just days after it had resumed, according to the country's National Oil Corp.
The engineering study project award will see Penspen support with drilling platform diesel fuel tank modification for the multi-field integrated natural gas development.
The company is to increase its interest in the Wressle development in Lincolnshire, UK, to 40%.