February 2021 - Page 4 of 11

This week was a wakeup call, more to energy policy than the politics of climate change

February 20, 2021

Everything is so politicized these days that it is tough to decipher facts from opinions about what happened this week with the winter storm. It’s easy to blame ERCOT — and yes, their actions led to the blackouts in part — but the full story is much more complex. One night of bad decisions would not have had such devastating

North America Rig Count: U.S. unchanged and Canada down 4

February 19, 2021

| Weekly Rig Count

Baker Hughes Rig Count: U.S. unchanged at 397 rigs U.S. Rig Count is unchanged from last week at 397 with oil rigs down 1 to 305, gas rigs up a to 91, and miscellaneous rigs unchanged at 1. U.S. Rig Count is down 394 rigs from last year's count of 791, with oil rigs down 374, gas rigs down

Senegal President calls for oil and gas reform

February 19, 2021

| Archives

Senegalese President Macky Sall has called for a transformation of organization, management, execution and evaluation processes within the domestic oil and gas sector, as the country prepares to enter oil and gas operations from 2023. The President made his announcement during a virtual conference held with the Council of Ministers on Wednesday. Expanding upon a prior meeting he chaired

Spartan buys Inception Exploration for $148 million

February 19, 2021

| Archives

Calgary producer Spartan Delta Corp. says it has agreed to buy private rival Inception Exploration Ltd. and two packages of oil and gas assets in northwestern Alberta for a total of $148 million in cash and shares. The company, founded last spring through a recapitalization of Return Energy Inc. that put in place a new management team, says

India set to spend Rs 7.5 trillion on oil and gas infra in next 5 yrs

February 19, 2021

| Archives

The Government of India is planning to spend around Rs 7.5 trillion to build oil and gas infrastructure over the next five years, said Prime Minister Narendra Modi. After dedicating the Ramanathapuram–Thoothukudi natural gas pipeline and Gasoline desulfurization unit at Chennai Petroleum Corporation Ltd and laying the foundation stone for the Rs 31,500 crore Cauvery basin Refinery at Nagapattinam, the Prime

Nigerian court freezes Shell accounts ahead of Aiteo lawsuit

February 19, 2021

| Archives

A federal court in Lagos has issued an injunction barring Royal Dutch Shell’s Nigerian subsidiaries from withdrawing money at 20 local banks until it ringfences potential damages in a lawsuit brought against the oil major by Aiteo Eastern E&P. Aiteo is seeking about $4 billion in total over alleged problems with the Nembe Creek Trunk Line (NCTL) pipeline

Lukoil makes buyout offer of $220 million AD for FAR Limited

February 18, 2021

| Archives

FAR Limited announced that overnight it has received a conditional non-binding indicative proposal from Russia’s Lukoil to acquire 100% of the shares of FAR at A2.2c cash per share. The Lukoil Proposal values FAR at A$220 million. FAR cautions that the Lukoil Proposal is not a legally binding offer, it is subject to targeted and timely corporate due

DRC announce first tender since 2015

February 18, 2021

| Archives

The Democratic Republic of the Congo (DRC) will launch a public tender for 19 onshore exploration blocks at the end of 2021 in a bid to boost exploration activities throughout the country. According to an announcement by Minister of Energy and Hydrocarbons Rubens Muhima, the DRC will offer 19 oil and gas blocks, representing the first international tender

Stena Drilling and dCarbonX set framework towards low carbon future

February 18, 2021

| Archives

The companies will work together to engineer solutions to discover and develop subsurface assets for combinations of geothermal energy, molecular energy storage, and carbon sequestration. Erik Ronsberg, CEO of Stena Drilling said: “We’re pleased to sign an agreement with dCarbonX to advance our journey in the Energy Transition. This innovative partnership dovetails well with the work Stena is

Egypt announces 24 blocks up for exploration

February 18, 2021

| Archives

Egypt announced on Thursday the start of a bid round for exploration and exploitation of oil and natural gas in 24 blocks. The round, which concludes on Aug. 1, includes nine blocks in the Mediterranean Sea, 12 in the Western Desert and three in the Gulf of Suez, an oil ministry source told Reuters. Egypt’s gas production has boomed

Month: February 2021

This week was a wakeup call, more to energy policy than the politics of climate change

North America Rig Count: U.S. unchanged and Canada down 4

Senegal President calls for oil and gas reform

Spartan buys Inception Exploration for $148 million

India set to spend Rs 7.5 trillion on oil and gas infra in next 5 yrs

Nigerian court freezes Shell accounts ahead of Aiteo lawsuit

Lukoil makes buyout offer of $220 million AD for FAR Limited

DRC announce first tender since 2015

Stena Drilling and dCarbonX set framework towards low carbon future

Egypt announces 24 blocks up for exploration

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