January 2021 - Page 7 of 11

Total and Apache announce another significant find offshore Suriname

January 14, 2021

Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West and Kwaskwasi. The well was drilled by a water depth of about 725 meters and encountered a total of 63 meters net pay

BW Energy drops $4 million for farm in agreement offshore Namibia

January 14, 2021

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BW Kudu Limited, a wholly owned subsidiary of Norwegian firm BW Energy Limited and the National Petroleum Corporation of Namibia (NAMCOR) have signed a Farm-In and Carry Agreement. The agreement increases BW Kudu’s working interest in the Kudu license offshore Namibia from 56% to 95% in line with previously disclosed intentions. NAMCOR will retain the remaining 5%

Inside Thai oil and gas company PTTOR coming IPO

January 14, 2021

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Thai oil and gas company PTT Pcl has priced an initial public offering (IPO) of shares in retail unit PTT Oil and Retail (PTTOR) to raise up to $1.8 billion, it said on Thursday ahead of what is expected to be among the country’s largest listings this year. The long-planned IPO follows a string of large Thai listings

Borr issues statement on published article in Dagens Naeringsliv

January 13, 2021

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Borr Drilling Limited refers to an article initially published in the Norwegian newspaper “Dagens Næringsliv” today, which refers to a potential alternative plan discussed by two creditors. The Board and Management are highly confident that the Company can execute the liquidity improvement plan and equity raise as announced in a press release on 24 December 2020. The Company

Maersk picks up a contract for the Resolve

January 13, 2021

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Maersk Drilling has been awarded a contract from Spirit Energy for the harsh-environment jack-up rig Maersk Resolve to drill one development well at Grove North East in the UK North Sea. The contract is expected to commence in March 2021, with an estimated duration of 131 days. The firm contract value is approximately USD 11.3m, including additional

Prolific Basins to Keep Your Eye on for 2021

January 13, 2021

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Executive Summary The Kavango Basin formed through a combination of rifting and shearing, most likely in the Permian to Triassic period. According to ReconAfrica and studies on the basin, the basin represents one of the largest onshore undeveloped hydrocarbon basins in the world. Based on a tight grid aeromagnetic survey, up to 30,000 feet of sedimentary fill

We will need shale oil from the United States to fill the gap says IEA Director

January 13, 2021

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Oil in New York climbed to a new 10-month high as the dollar declined, increasing the appeal of commodities priced in the currency. Futures rose 1.5% to above $53 a barrel, to the highest since February 2020. Prices have climbed in recent days after promises of unilateral output cuts from Saudi Arabia spurred a further rally. Oil has surged

Africa exploration deals, projects, and licensing going into 2021

January 13, 2021

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Following a historic oil price crash triggered by COVID-19, African oil-producing countries are renewing their focus on frontier exploration activities in a bid to yield low-cost, high-return discoveries and offset declining reserves of existing markets, as oil demand slowly recovers. With the International Energy Agency estimating demand of 5.7 billion barrels per day in 2021, the signing

Premier Oil shareholders vote in favor of Chrysaor merger

January 13, 2021

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Premier Oil shareholders on Tuesday voted in favor of a reverse takeover of Chrysaor to create the British North Sea’s biggest oil and gas producer. “Shareholder approval for the Transaction has now been received,” said Premier, which will be renamed Harbour Energy but continue its London listing. The deal will create the largest independent oil and gas company

North America oil and gas pipeline length to be second in the world by 2024

January 12, 2021

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North America is expected to have the maximum share of the global oil and gas trunk/transmission pipeline length by 2024, representing around 43%. Running for a length of 899 399 km, the region continues to lead global pipeline additions by 2024 with 25 335 km, lagging only behind Asia, says GlobalData, a data and analytics company. GlobalData’s report,

Month: January 2021

Total and Apache announce another significant find offshore Suriname

BW Energy drops $4 million for farm in agreement offshore Namibia

Inside Thai oil and gas company PTTOR coming IPO

Borr issues statement on published article in Dagens Naeringsliv

Maersk picks up a contract for the Resolve

Prolific Basins to Keep Your Eye on for 2021

We will need shale oil from the United States to fill the gap says IEA Director

Africa exploration deals, projects, and licensing going into 2021

Premier Oil shareholders vote in favor of Chrysaor merger

North America oil and gas pipeline length to be second in the world by 2024

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