The African Energy Chamber has said that the ongoing travel bans and restrictions of visa issuance are preventing many projects from moving forward and contributing to the recovery of the continent.
The impairment charges anticipated are based upon the company expecting the price of Brent to be average approximately US$35/bbl in 2020 and the Henry Hub gas spot price US$1.75/MMBtu.
The company is selling its 6.45% interest in the Kvitebjorn field and pipeline and its 3.225% interest in the Valemon Unit and Valemon Rich Gas Pipeline, according to a document seen by Reuters.
Havila Shipping has said it and Shell have different views on the obligation of Shell in a charter party based on two wells.
The three companies have submitted plans for development and operation of the carbon capture and storage project to Norway's Ministry of Petroleum and Energy.
The transaction includes the transfer of approximately 450 000 net leasehold acres across Pennsylvania, with approximately 350 producing Marcellus and Utica wells in Tioga County and associated facilities.
The company is delaying final investment decisions (FIDs) on the Jackdaw natural gas field in the North Sea and the Whale deepwater oil discovery in the Gulf of Mexico.