Oil & gas news

Following the agreement, Shell will assume the operation of the Fuerte Sur, Purple Angel and COL-5 blocks.

Rystad Energy has predicted that of the top 30 high-impact wells to be drilled in 2020, five are located in North America, seven in South America and six in Africa.

The company has started acquisition of the Plains 3D seismic survey in the Northern Shelf area of the Midland Basin in Texas, US, and Ravenclaw 3D in the Edson area of Alberta, Canada.

The company recorded underlying EBITDA of £8.8 million in 2019 (FY18 £8.7 million) after £1.1 million OPEX investment in global operations.

Total recorded net adjusted 4Q19 profits of US$3.2 billion despite low oil prices.

Grupo R is to lease the La Muralla IV platform for Shell to operate in the deepwaters of the Gulf of Mexico.

The LOI envisages that New Age would supply a minimum of 25 million ft3/d of gas to Gaz du Cameroun S.A. (GDC), Victoria's wholly-owned subsidiary, for the first three years, followed by a minimum of 30 million ft3/d, with the potential to increase in the future.

The two companies are to acquire a series of large-scale, high-density, multi-client surveys in the Central Basin Platform (CBP) of the Permian Basin.

The company has been awarded contracts by Saudi Aramco, Eni and Noble Energy.

Indian Oil Corp. will import 2 million t of Ural grade crude oil during 2020.