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The loan will enable CGX to continue to finance part of its share of costs related to the Corentyne Block, the Berbice Deepwater Port, and other budgeted costs as agreed to with Frontera.
With the acquisition of Azinam, Eco Atlantic nows owns and operates a number of licences in Guyana, Namibia and South Africa.
Wildcat well 34/4-18 S, drilled about 7 km north-west of the Snorre field in the North Sea, was found to be dry with no trace of hydrocarbons.
McDermott's scope involved a tieback of a single in-field well to existing facilities, re-using existing flexible flowline, with a new umbilical and certain infrastructure.
The drilling of the Muzarabani-1 exploration well will involve the Exalo #202 rig, expected to commence mobilisation to the Cabora Bassa project in May.
AGR will progress the preparation and submission of necessary applications to the Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).
The contract with Bridge Petroleum adds to Fraser Well Management’s expanding well operator portfolio and is Fraser Integrity Management's debut pipeline operatorship appointment.
The transaction includes a 10% share of the Nova field and a total of 11 exploration licences.
GEODynamics has introduced its new EVOLV Composite Frac Plug with Quick Connect Technology.
Hitachi Energy will perform detailed FEED studies for a power quality solution that will enable the Aker BP-operated NOA Fulla field and the Equinor-operated Krafla field in the North Sea to be powered from the mainland.
NCS SubSea provides ultra-high-resolution 3D seismic data to the oil and gas and new energy markets via their P-Cable system.
Kveikje, which lies in an area north of the Troll field in the Norwegian North Sea, is estimated to contain gross mean prospective resources of 36 million boe with further potential upside estimated at 79 million boe on a gross basis.