Oil & gas news

Fugro has won a long-term contract for the provision of rig positioning services to Statoil Petroleum AS.

Total has signed an agreement to sell a 25% interest in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum. The transaction remains subject to regulatory approval.

Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block, and holds holds an option to purchase a working interest in the Orinduik Block.

During the period, Trinity continued to build on the momentum achieved during the first three quarters by delivering yet further growth in profitable production and strengthening of the balance sheet.

Galp informs that it is in the process of farming-down a 40% participating interest in the Petroleum Exploration Licence (PEL) 82 in Namibia to an ExxonMobil subsidiary.

Full year production at record level and at low cash operating costs resulted in highest operating cash flow and EBITDA to date.

CNX also sold a greater volume of natural gas in 4Q17 than in the same period the year before.

Noble Energy, Inc. announced that it has signed a definitive agreement to divest a 7.5% working interest in the Tamar field, offshore Israel, to Tamar Petroleum Ltd. for cash proceeds of approximately US$560 million and 38.5 million shares of Tamar Petroleum. 

Parsley Energy, Inc. provided an operational update that discloses certain full-year 2017 results and highlights strong indications from the Company's Wolfcamp C delineation programme.

Spirit Energy is extending the life of one of its key North Sea fields by tapping into new reserves this year.