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Eni announce oil discovery in Western Deserts of Egypt

July 28, 2020
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Eni announces the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession. Production in the Concession started just one year ago and is now in excess of 12,000 bopd. The successful drilling of the SWM-A-6X well, in the South West Meleiha development and exploration concession

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Eni confirms potential discovery offshore Vietnam

July 28, 2020
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Eni announces that its exploration well, Ken Bau-2X, located in Block 114, Song Hong Basin, offshore Vietnam, has confirmed a significant hydrocarbon accumulation on the Ken Bau discovery, further expanding its potential. Ken Bau 2X was drilled 2 km apart from the discovery well in 95 m of water depth till a  total depth of 3658m below sea

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Lukoil picks up Cairn’s Senagal interests for $400 million

July 28, 2020
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Oil and gas producer Cairn Energy said on Monday it will sell its Senegal interests to Russia’s LUKOIL for up to $400 million and intends to return at least $250 million as a special dividend after sale completion, sending its shares up 5%. Cairn said it will sell its entire 40% interest in the Rufisque, Sangomar and Sangomar

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Most Active User Contest Week 31

July 27, 2020
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Most Active User Contest We give away $100 bucks each week! We want to see you using the app, getting active on the newsfeed, sharing the app with your friends by using the invite option, bringing new people along, get some great content on there, and have some friendly competition whether it be by video, photo or text We want

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NRG Energy Inc. to Acquire Direct Energy for $3.6 billion

July 27, 2020
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NRG Energy Inc. announced it has entered into a definitive agreement with Centrica PLC under which NRG will acquire Direct Energy, a North American subsidiary of Centrica PLC for $3.625 billion in an all-cash transaction. The transaction builds on NRG’s status as a growing, customer-driven integrated energy provider, adding more than three million retail customers across 50 states and Canada. The transaction

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Cypriot gas, what the Noble buyout means

July 27, 2020
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After taking over Noble Energy this week, Chevron will likely take its time in deciding what to do with the Aphrodite gas-field Chevron agreed this week to acquire Noble Energy, mostly because of its shale oil and gas assets in the US, at a bargain price of close to $5billion – about 40 per cent of the value

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Exxon falls out of the world’s #1 spot as India’s Reliance steps in

July 27, 2020
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Reliance Industries Ltd. toppled Exxon Mobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays. Reliance, which is controlled by Asia’s richest man and manages the world’s biggest oil refinery complex, rose 4.3% in Mumbai on Friday, taking its market value

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Schlumberger cuts deeper – 21,000 jobs axed

July 26, 2020
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Oilfield services giant Schlumberger NV on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly loss on thousands of job cuts and a pipeline outage in Ecuador. The large loss capped second-quarter reports from U.S. oilfield services providers that laid bare the damage wreaked by the coronavirus crisis. Producers

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Update – Most Active User Contest Week 30

July 24, 2020
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Here is a quick update for our "Top 10" users for this weeks contest! United States is currently in the lead! Marvin Peebles / Contract Manager / United States Adil Channa / Petroleum Engineer / Pakistan Elena Charles / Chief Engineer / United States Anthony Deer / Consultant / United States Snkt Patel / 1st Engineer / India Appanna Palepu / Business Development Manager / India Shafiq Fautar / 1st Engineer / Kuwait Gowtham

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