Upstream news
The Prax Group signs an agreement to acquire TotalEnergies’ upstream assets
The Prax Group has announced the signing of an agreement to acquire TotalEnergies’ interests in the Greater Laggan Area fields and the onshore Shetland Gas Plant, as well as its interests in several nearby exploration licenses.
Commercial oil and gas discovery in the Gjøa area in the North Sea
The Vår Energi operated Cerisa exploration well in production license PL 636 was successful with estimated gross recoverable resources of between 18 – 39 million boe.
Pytheas Energy acquires interest in three oil-producing properties
Pytheas Energy has announced the addition of three producing oil and gas properties to its growing portfolio, the Andrews Crane Asset, the Bakken Asset, and the Minerva-Rockdale Asset.
ONGC and Indian Oil forge strategic partnership to establish LNG plant near Hatta gas field
ONGC and Indian Oil Corporation has signed a memorandum of understanding (MoU) to establish a small-scale liquefied natural gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin.
PETRONAS awards late life asset PSC for production continuity of Banang Field
PETRONAS, through Malaysia Petroleum Management (MPM) has awarded a late life asset production sharing contract (LLA PSC) for Banang field, located offshore Peninsular Malaysia to Petra Energy Development Sdn. Bhd. (PEDSB), a wholly owned subsidiary of Petra Energy Berhad.
Matador Resources Company announces strategic bolt-on Delaware Basin acquisition
Matador Resources has announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas.
Drilling update booth well in l7 permit Perth basin
Triangle Energy Global has advised that preparatory works by the L7 Joint Venture with Strike Energy and New Zealand Oil and Gas to drill the Booth-1 well in the North Perth Basin are nearing completion and all regulatory approvals have been received.
Transocean has announced contract fixtures for three of its harsh environment semisubmersible
Transocean has announced US$161 Million in contract extensions and exercised options for harsh environment semisubmersibles with Woodside Energy, Wintershell DEA and Equinor.
Amarinth secures pump order for FPSO Agogo, Angola
Amarinth has announced an order for the FPSO Agogo, currently under construction by Yinson Production and destined for offshore Angola.
Appraisal confirms material Hibiscus field reserve increase
BW Energy has concluded the drilling and the logging of the DHIBM-7P pilot well, confirming a substantial oil discovery with good reservoir quality and a material uplift to the Hibiscus area.