Vaalco’s Maxwell tots up miles to keep the ship on course
“It helps them, it’s beneficial for both sides,” Maxwell said. “It’s a lot of give and taken. We don’t always have a meeting of minds, but it doesn’t prevent us from sitting down.”
Valeura completes Nong Yao drilling, preps for Wassana return
“This campaign focused on the area first developed at Nong Yao, and illustrates our team’s ability to add volumes through infill drilling and to extend the economic life of our legacy producing assets.”
Azule signs up three more deepwater licences
“Blocks 46 and 47 have never been explored before and represent a new frontier exploration area that can be a game changer for our company and the country’s energy industry."
Europa strikes for Equatorial Guinea with Antler agreement
It expects the overall chance that one of the three prospects is commercial to be 91%. All three prospects can be drilled from a single well with two sidetracks.
To turn commitments into reality, we need to focus on proven solutions
As Dr Sultan Al Jaber, COP28 President, reiterated in his concluding remarks, “an agreement is only as good as its implementation. We are what we do, not what we say”.
Russia enforces sale of OMV, Wintershall assets
OMV noted the presidential decree but said that it had written down the value of its Russian assets. As such, it expects no further impact as a result of the move.
International waterway woes pile up price pressures
“Longer supply lines tie up more vessels, boost freight rates, widen origin-destination spreads, and lift bunker demand,” Bank of America Global Research analysts said.
UTM transfers FLNG stake to Delta State
Kyari went on to say the company was promoting “several” FLNG schemes and was willing to take practical steps to secure them.
Adnoc signs first Ruwais LNG sale
“This landmark LNG agreement from our ongoing Ruwais LNG project enhances Adnoc’s position as a reliable and responsible global energy provider and creates new opportunities for value-creation across our gas value chain as natural gas demand continues to increase,” said Rashid Khalfan Al Mazrouei, Adnoc senior vice president of marketing.
Democrats tackle Diversified over decommissioning challenge
Citing its analysis, the letter said it was “highly unlikely” that Diversified would "have adequate funds to clean up all of its marginal wells when they should be retired”. Failing to account for costs on these wells could lead to thousands of orphaned wells.
Norway ditches NewMed over investment, eyes Shell, Eni
In notes on its decision, Norway said NewMed’s investment in the licence “is not conducted in accordance with the wishes and interests of the people of Western Sahara, and because it contributes to maintain an unresolved situation for the area”.
Mubadala, Harbour make significant Sumatra gas find
“This development offers material commercial opportunities and adds momentum to our strategic growth story. This is not only a significant development for Mubadala Energy but a huge milestone for Indonesia’s and Southeast Asia’s energy security,” he said.
Woodside takes long view on LNG, with Asian demand in focus
“As the market has grown and evolved and become more sophisticated we’re no longer source specific and the customers are often no longer destination specific as well,” said O’Neill.
Adnoc strikes for Fertiglobe stake with $3.62bn deal
Fertiglobe is now the “world’s largest seaborne exporter of ammonia and urea fertilisers. Today’s agreement reinforces Adnoc’s long-term commitment to Fertiglobe and our continued focus on delivering growth and maximising value for the company’s shareholders.”
BW Energy board rejects offer as unfair, but notes pressure
“At the same time [it is] hoping that shareholders with a long-term perspective will continue to support the company through joint ownership in the future”.
ECOWAS offers Niger olive branch as pipeline readies
ECOWAS has called for the “immediate and unconditional” release of deposed president Mohammed Bazoum. The group said it would gradually ease sanctions, based on Niger’s response.
Adnoc weighs takeover of $5bn chemical producer OCI
OCI said in November it had hired advisers to explore asset monetization opportunities in an attempt to reduce its holding company discount. It said at the time it was in “active discussions” on “attractive value propositions.”
Sapura Energy moves into court meeting over debt plans
The aim is to move the company into a more sustainable financial position and get it off the list of companies in financial distress, known as Practice Note 17.
As comments close, CGG eyes January seismic start off South Africa
The Department of Mineral Resources and Energy (DMRE) approved the seismic on November 16. The plan also requires approval from the Department of Forestry, Fisheries and the Environment.
Historic consensus at COP28, but the devil is in the implementation
Al Jaber highlighted the importance of action, over rhetoric. “Let me sound a word of caution. An agreement is only as good as its implementation. We are what we do, not what we say.”
Pipe starts to arrive in Tanzania for EACOP
There is “positive discrimination for the communities hosting the operations. At the peak it is expected that about 160,000 people will be employed. Out of these 14,000 persons will be directly employed in the oil and gas sector”, he said.
Shell approves Great White wells
Shell said the investment demonstrated its long-term commitment to the Gulf of Mexico.
OMV contracts Transocean semisub for Black Sea gas
Should OMV choose to retain the rig beyond the initial 540 days, the day rate increases to $480,000.
Houthis hit Norwegian tanker with missile, but no casualties
US Central Command reported the Strinda was attacked at 4 pm EST on December 11. It reported an anti-ship cruise missile struck the vessel while passing through Bab-el-Mandeb.
Shell to bid farewell to Bollsta after one more exploration well
“We intend to continue our back-to-back drilling campaign over the remaining term of the contract by appraising the Jonker discovery and drilling at least one more exploration well.”