Upstream news
SDX Energy makes onshore discovery in Egypt
Drilling at the Sobhi well encountered 108 ft net of high-quality gas-bearing sands, with an average porosity of 20%, near the base of the Kafr El Sheikh formation.
KrisEnergy completes sale of Andaman II offshore block to BP
The consideration for the disposal is US$15 million, subject to a retention sum of US$1.7 million.
Petrobras finds oil in Campos Basin
The oil was discovered in the exploratory Natator well in the Sudoeste de Tartaruga Verde block.
Global Petroleum to licence 3D seismic data from Namibia offshore block
The data covers the company’s Welwitschia Deep prospect and Marula lead.
ExxonMobil cuts 2020 CAPEX by 30%
The largest share of the company's capital spending reduction will be in the Permian Basin.
Charlie-1 appraisal well confirms large condensate discovery in Torok Formation
The company has said however that Premier Oil has withdrawn from the project, as the well did not meet its pre-drill expectations.
Rystad Energy: Permian gas flaring declining
Rystad estimates total gas flaring declined to 700 million ft3/d in 1Q20, with 550 million ft3/d flared at the wellhead – the lowest quarterly flaring rate since 3Q18.
Origin Energy increases interest in Beetaloo JV
Under the agreement with Falcon Oil and Gas, Origin will increase its interest n the Beetaloo Basin JV to 77.5%.
RockRose Energy announces 2019 full year results
Group production for the year to 31 December 2019 was in line with guidance at 13 886 boe/d on a working interest basis (19 356 on a pro forma basis).
Neptune Energy outlines carbon and methane intensity reduction targets
The company is targeting carbon intensity of 6 kg CO2/boe by 2030.