Upstream news
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The company has said however that Premier Oil has withdrawn from the project, as the well did not meet its pre-drill expectations.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.
Shelf Drilling announces early contract termination
The company's contract with Dubai Petroleum will end in October 2020 rather than January 2022.
IDS announces rebrand
The new brand will run across all aspects of IDS' business.
Total makes divestments in Brunei, Sierra Leone and Liberia
The divestments include the sale of Total E&P Deep Offshore Borneo BV, which holds an 86.95% interest in Block CA1 offshore Brunei, to Shell.
Wintershall discovers oil at Bergknapp prospect
Initial recoverable resource estimates put the discovery at between 26 and 97 million boe.
Oil discovery made in US Gulf of Mexico
The Monument exploration well found approximately 200 ft (c. 60 m) of net oil pay with good reservoir characteristics in Paleogene sandstone.