Oil & gas news

Deltic estimates that the Pensacola Prospect contains gross P50 Prospective Resources of 309 billion ft3 (with a P90-P10 range of 39 billion ft3 to 1181 billion ft3).

The MoU will collaborate on capacity building initiatives and standardisation to enhance safety, environmental protection and sustainability in African countries producing natural gas and oil.

Although Tullow will continue to have a financial link to the assets in the Ceiba and Okume offshore fields, the closing of the transaction marks Tullow’s exit from its licences in Equatorial Guinea after 18 years.

The field data for the Mid North Sea High survey will be collected from approximately late April to mid-October 2021.

Oil prices rose on Wednesday as the market expects OPEC+ to keep a conservative output policy in the following day’s meeting, due to the speed lag of the oil demand recovery.

Wells 25/8-20 S, 25/8-20 A, 25/8-20 B and 25/8-20 C will be drilled from the Scarabeo 8 drilling facility after concluding the drilling of water injection wells for Vår Energi AS in production licence 229.

The MoU covers cooperation in exploration of hydrocarbon resources and gas production in Ukraine.

Two of the projects will take place in the deepwater Gulf of Mexico, and one will be carried out offshore Trinidad & Tobago.

The new location offers Dräger’s full portfolio of safety products and its offering of rental and safety services for the oil, gas and chemical industries.

The contract is for the provision of the NAGA 7 jack-up drilling rig to undertake drilling services for ConocoPhillips, which entails drilling up to three wells offshore Sarawak, Malaysia, sometime in the first half of 2021.