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Month: December 2021

Impact Oil and Gas spuds in Venus-1X with Maersk Voyager

December 1, 2021
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Africa Oil Corp has announced that Impact has spudded the Venus-1X offshore exploration well in Namibia Block 2913B (PEL 56) The well is being drilled in 3,000m water depth by the Maersk Voyager drillship. This, together with the adjacent Block 2912, are held through Impact’s wholly owned subsidiary, Impact Oil and Gas Namibia (PTY) Ltd. Both blocks are operated by TotalEnergies EP

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PTTEP outlines 5 year investment plan

December 1, 2021
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PTTEP has unveiled its 2022 investment plan and 5-year investment plan (2022-2026) with primary focuses on maintaining production volumes and increasing petroleum reserves from major assets, developing key projects adding to future production volume as well as capturing new business opportunities to foster sustainable growth during energy transition. The budget is also allocated to activities related to environment, society, and

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Cenovus reaches agreement to sell Husky fuel chain for $660 million

December 1, 2021
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Cenovus Energy has reached agreements to sell its Husky retail fuels network and the Wembley assets in its Conventional business for combined total cash proceeds of nearly $660 million, allowing the company to further focus the portfolio, accelerate deleveraging and support increasing shareholder returns. 'This is another demonstration of Cenovus delivering on opportunities to continue to optimize our portfolio and unlock value from assets

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Colombia updates reactivation of hydrocarbon sector

December 1, 2021
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The National Hydrocarbons Agency - ANH will hold December 1st the Presentation of Proposals Hearing of the Colombia Round 2021 to continue advancing in the reactivation of the hydrocarbons sector.  In the Colombia Round 2021, 17 companies were qualified, a new contractual framework was structured, a new land map was developed and investors were given the opportunity to submit proposals through blockchain technology.  The

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ADNOC outlines 5 year capital spending of $127 billion

December 1, 2021
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Abu Dhabi National Oil Company (ADNOC) announced a $127 billion capital spending plan for 2022-2026, as it reported an increase in the United Arab Emirates' (UAE) oil and natural gas reserves. The state-owned company said national reserves had risen by 4 billion stock tank barrels (stb) of oil and 16 trillion standard cubic feet (scf) of natural gas,

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ExxonMobil spending through 2027 will be largely focused on Guyana, Brazil and U.S. Permian

December 1, 2021
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Exxon Mobil set annual capital spending through 2027 at $20 billion to $25 billion, allocating money to low-carbon projects and extending its previously projected spending rate for two years. The top U.S. energy producer slashed costs after a historic $22.4 billion loss last year. But an oil-price rebound this year has generated strong profits that let Exxon pay down

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Maersk Drilling and Petrogas head back to the UK for one well gig

December 1, 2021
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Maersk Drilling and Petrogas North Sea Ltd have agreed to exercise the previously agreed exclusive option to employ the harsh-environment jack-up rig Maersk Resilient to drill an appraisal well at the Birgitta field in the UK sector of the North Sea. The contract is expected to commence in end-2021, in direct continuation of the rig’s current work scope. The

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