Eni and BP exploring combining Angolan upstream interests
The new company would be supported by Eni and BP and would be expected to be self-funded.
Drilling & production
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ADNOC reported to be in early talks with investors ahead of drilling unit IPO
Banks working on an initial public offering of ADNOC Drilling are scheduling calls with a local, regional and international institutional investors to sound out appetite for the potential sale, according to unnamed sources.
OMV Petrom completes divestment of Kazakhstan production assets
The transaction is part of OMV Petrom’s strategy to focus its regional expansion towards the Black Sea area.
Equinor and Sonatrach sign E&P MoU
The MoU also includes possible cooperation within greenhouse gas emissions and carbon management.
Quenguela drillship secures twelve well contract offshore Angola
Sonadrill has secured a twelve well contract with one option for nine wells and eleven one well options in Angola for the Sonangol Quenguela drillship.
Zenith Energy completes acquisition of El Bibane and Robbana concessions
The El Bibane and Robbana concessions are located in Tunisia.
Wood Mackenzie comments on Australia Budget's impact on upstream sector
Shaun Brady, Wood Mackenzie, has said Australia's latest Budget demonstrates the government's commitment to a gas-fired recovery.
Maersk Drilling given one-well contract extension with Total in Suriname
Total has added the drilling of one additional appraisal well in Suriname’s Block 58 to the work scope of the semi-submersible rig Mærsk Developer.
Schlumberger and NOV to collaborate on automated drilling solutions
The agreement will enable customers to combine Schlumberger surface and downhole drilling automation solutions with NOV’s rig automation platform.
Archer completes acquisition of DeepWell
DeepWell is a Norwegian well intervention company focused on high-tech based wireline services.
ERIELL wins Uz-Kor contract to work on wells in Uzbekistan
The tender involves ERIELL Group carrying out workovers and side-tracking works at the bottom of the Aral Sea.
GlobalData: Chevron should remain cautious in capital spending as it returns to profitability in 1Q21
Chevron is right in holding back in capital spending to boost production as its current priority remains in creating a strong balance sheet and generating free cash flow, says GlobalData.
CNOOC begins production from South China Sea gas field
The Liuhua 29-2 gas field is expected to reach a peak production of approximately 41 million ft3/d of natural gas in 2021.
732 original drilling permits issued in Texas in April
The Railroad Commission of Texas issued a total of 732 original drilling permits in April 2021 compared to 456 in April 2020.
APA Corp. signs agreement with Egyptian government
The agreement between APA and Egypt's Ministry of Petroleum and Natural Resources will consolidate the majority of the concessions in the Western Desert of Egypt operated by APA Corp. subsidiary Apache Egypt into a single new concession.