Oil & gas news

The latest version of the map browser is the result of a year-long process of data conditioning and geological interpretation to supply customers with the most up-to-date and comprehensive interpreted well and map data suite available for the region.

The agreement will increase Neptune’s existing interests in the Adorf, Apeldorn and Ringe gas fields and in the Adorf-Scheerhorn, Georgsdorf and Ringe oilfields.

The agreement will see i-Energy act as exclusive agents for HPR ROV in the Middle East, enabling the firm to offer its full suite of specialised ROV systems to the region.

In return for its 50% interest, Advance Energy will fund the Buffalo-10 well offshore East Timor on a free carried basis up to a cap of US$20 million.

The company delivered real-time control of fracture placement while pumping on a multi-well pad using its SmartFleet intelligent fracturing system in the Permian Basin, US.

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.