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INEOS issued wildcat permit offshore Norway

September 13, 2021
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The Norwegian Petroleum Directorate (NPD) has granted INEOS E&P Norge a drilling permit for wildcat well 6306/3-1 S in production license PL 937. Well 6306/3-1 S will be drilled from the Borgland Dolphin drilling facility in position 63°53'8.79"N and 6°46'9.65"E. INEOS E&P Norge is the operator with an ownership interest of 85 per cent. The other licensee is Lime Petroleum (15 per cent). The area in this license consists of parts of Blocks 6306/2

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ADNOC IPO said to be valued at $10 billion

September 13, 2021
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State oil giant Abu Dhabi National Oil Co (ADNOC) has set a price for the initial public offering of its drilling unit, giving ADNOC Drilling an equity valuation of $10 billion, it said on Monday. ADNOC will sell a minimum 7.5% stake in the IPO of ADNOC Drilling at 2.3 dirhams ($0.6262) per share, raising at least $750

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U.S. raising money for the budget with strategic petroleum reserve sale

September 13, 2021
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The U.S. government has agreed to sell crude oil from the nation's emergency reserve to eight companies including Exxon, Chevron and Valero, under a scheduled auction to raise money for the U.S. budget, the Department of Energy said. The sales were not related to energy disruptions caused by Hurricane Ida that swept the U.S. Gulf of Mexico and

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Keppel delivers Guyana Liza Unity FPSO

September 10, 2021
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Keppel Offshore & Marine’s (Keppel O&M) wholly owned subsidiary Keppel Shipyard has delivered the Liza Unity, a mega Floating Production Storage and Offloading vessel (FPSO), to SBM Offshore with no loss-time incidents. This follows the delivery of Guyana’s first FPSO by Keppel O&M in 2019.  Mr. Chris Ong, CEO of Keppel O&M, said: 'We are pleased to support Guyana with the second FPSO for the

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Ardyne bags 86 well P&A program in North Sea

September 10, 2021
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Ardyne has been awarded a contract by for the provision of fishing services for 86 wells as part of the well plug and abandonment (P&A) program for two fields in the Northern North Sea. Work has commenced and is expected to last up to four years across two assets. The work will involve Ardyne’s leading TRIDENT and TITAN P&A technologies,

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Exxon taps strategic reserves for 1.5 million barrels to cope with Ida

September 10, 2021
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The U.S. Energy Department said on Thursday it has approved a second loan of 1.5 million barrels of oil to Exxon Mobil Corp from the Strategic Petroleum Reserve (SPR) after damage from Hurricane Ida devastated offshore oil production. “The SPR’s ability to conduct exchanges is a critical tool available to refiners to strengthen the fuel supply chain and

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Santos buys out Oil Search

September 10, 2021
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Santos sealed an agreement to buy Oil Search to create a global top 20 oil and gas company, the companies said on Friday, even as the Papua New Guinea government raised concerns that a takeover could harm national interests. The deal will make Australia’s Santos the largest shareholder in the country’s biggest resource project, the PNG LNG project,

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Neptune Energy considering merger with Harbour Energy

September 9, 2021
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Neptune Energy Group Ltd., the private equity-backed explorer, is considering options including a merger with Harbour Energy Plc that could create one of Europe’s largest independent oil and gas companies, people familiar with the matter said. Neptune, part-owned by Carlyle Group Inc. and CVC Capital Partners, is working with an adviser as it studies a potential combination with

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Equinor granted wildcat permit offshore Norway

September 9, 2021
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The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for wildcat and appraisal wells 35/10-7 S and A in production license PL 630. Wells 35/10-7 S and A will be drilled from the West Hercules drilling facility in position 61°01'03.291"N and 03°17'37.367"E. Equinor is the operator with an ownership interest of 50 per cent. The other licensee is Wellesley Petroleum (50 per cent). The area in this license consists of

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Exxon announces discovery at Pinktail offshore Guyana

September 9, 2021
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ExxonMobil has made a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs. In addition to successful appraisal of the Turbot discovery, the Turbot-2 well encountered 43 feet (13 meters) of net pay in a newly identified, high quality hydrocarbon bearing sandstone reservoir separate from the

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