Upstream news
Drilling begins at Jade prospect offshore China
The Jade prospect has a GCA audited mean in place potential of 225 million bbl and a P10 in place upside of 395 million bbl.
Hod B field starts production
Aker BP, which operates the field, and partner Pandion Energy expect Hod to produce 40 million barrels of oil.
Maersk Drilling secures 19-month P&A contract in North Sea
The harsh environment jack-up rig Maersk Resolute will be employed to plug and abandon a total of 31 wells in the Dutch sector of the North Sea.
Neptune Energy ramps-up gas production from the Duva field
Gas production will be doubled from the Duva field in the North Sea, enabling an increase of 6500 boe/d from the first half of April.
Ithaca Energy reaches agreement to acquire Siccar Point Energy
The transaction includes the undeveloped Cambo and Rosebank fields in the UK North Sea.
Wood Mackenzie: domestic UK oil and gas can reduce reliance on energy imports
A Wood Mackenzie report examines the levers the North Sea can pull to increase production and argues indigenous oil and gas still has a major role to play.
Bay du Nord project approved by Canadian government
Equinor and partner Cenovus Energy have not yet made a final investment decision on whether to build the Bay du Nord offshore project.
Perth Basin exploration well plugged and abandoned
Cervantes-1, an oil exploration well in the onshore Perth Basin licence L14, failed to encounter hydrocarbons.
Cloudbreak Discovery to participate in exploration in Namibia
Cloudbreak Discovery, Gondwana Petroleum Namibia Pty Ltd., Timeworn Investments Pty Ltd., Pioneer Oil and Gas Consulting CC and a Swiss-based asset manager will jointly work towards submission of an application to acquire Petroleum Exploration License 1724 in Namibia.
Petrofac secures second O&M contract with Cairn Oil & Gas, Vedanta
Valued at approximately US$60 million, the 60-month contract encompasses services and expertise to support Cairn’s Mangala Processing Terminal located in Rajasthan, India.