Upstream news

The transaction, which has an effective date of 1 October is expected to close in 1Q25, subject to customary closing conditions.

Sintana Energy Inc. has provided the following further update regarding the second campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin.

CNOOC Ltd has announced that Jinzhou 23-2 Oilfield Development Project has commenced production.

Innovex previously made a minority investment in DWS in May 2023.

Light oil was discovered in Palaeocene sandstones of good reservoir quality with preliminary estimates of gross recoverable resources in the range of 27 – 57 million boe on a P90-P10 basis, with a mean of 41 million boe.

Springfield Exploration and Production has successfully completed appraisal well test activity at the Afina oil and gas discovery, offshore Ghana.

Fulkrum, a leader in inspection, expediting, auditing, and technical staffing services, announces the launch of its new entity in Iraq. This significant milestone comes as Fulkrum secures a multi-million USD contract to provide surveillance services for a major Gas Hub development project in the region.

CNOOC Ltd has announced that the Huizhou 26-6 Oilfield Development Project has commenced production.

Following completion of the transaction, Seascape will retain a 10% participating interest in the PSC through its wholly owned subsidiary, Topaz Number One Limited.

Under the agreements, Eni will be able to explore the area for up to 9 years.