Oil & gas news

Woodside Energy has purchased Cairn's interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture.

Oil prices reversed early losses on Wednesday as some confidence that the existing vaccines can counter the new Covid-19 strain offset concerns over President Trump’s stimulus package pushback.

The portfolio comprises non-operational equity shares in more than 15 producing fields in three regions in the North Sea.

SBM Offshore and Shell have agreed an extension of the end of the contractual lease and operate period from December 2023 to December 2028.

Over the last year, Zenith has acquired assets in Tunisia and in the Republic of the Congo.

Equinor and its licence partners are aiming to increase the recovery factor from the North Sea Statfjord Øst field from 56% to 62%.

ADNOC has awarded the exploration rights for Abu Dhabi’s Offshore Block 3 to a consortium led by Eni Abu Dhabi B.V. and PTTEP MENA Ltd.

Perseverance #1 is targeting P50 prospective oil resources of 0.77 billion bbl, with an upside of 1.44 billion bbl.

Barra Energia is leaving the joint venture in which it had a 50% stake.

Preliminary estimates place the size of the discovery between 75 million and 200 million bbl of recoverable oil equivalent.