Oil & gas news

The acquisitions remain conditional on agreeing the terms of the refinancing of Premier’s existing credit facilities, equity funding and customary other approvals, including shareholder approval.

Zenith Energy has submitted an offer to the Ministry of Hydrocarbons of the Republic of the Congo for the award of a new 25-year licence for the Tilapia oilfield, to be named "Tilapia II".

The agreement is designed to advance Halliburton’s digital capabilities in Microsoft Azure.

Lease Sale 256, originally scheduled for August 2020, will include approximately 14 755 unleased blocks – all of the available unleased areas in federal waters of the Gulf of Mexico.

Oil prices have fallen as a surge of Covid-19 cases in the US and other key markets around the world throw doubts over gasoline demand and for how long it can keep its recovered levels.

The merger aims to reduce combined fixed costs by about £128.58 million on an annualised basis in 2021 compared to the level in 2019.

The company is to resume drilling in the Barents Sea and the North Sea.

The members of the Oil and Gas Climate Initiative have agreed to reduce the average carbon intensity of their aggregated upstream oil and gas operations to between 20 kg and 21 kg of CO2 equivalent per barrel of oil equivalent (CO2e/boe) by 2025.

Premier Oil is seeking a four-to-five year extension to debt due next year.

The project involved acquiring high-resolution geophysical and geotechnical data within the Stabroek block.