Upstream merger and acquisitions (M&A) deals are expected to rebound in Asia Pacific this year after plunging to their lowest level this century in 2020, when the pandemic and collapse in oil and gas prices killed activity.
This coming decade will be defined by three historic, global challenges: building a resilient recovery from the devastating Covid-19 pandemic; achieving the UN goal of universal access to energy for all populations; and charting an ambitious course - at COP26 and beyond - for tackling the threat we all face from the climate emergency.
Libya’s National Oil Corp. (NOC) is in the process of opening an office in London, which will play a key role in the North African’s state production increases.
Santos has approved US$235 million worth of investment for an infill drilling campaign that will extend the life of the Bayu-Undan field offshore East Timor. As a result, the Santos-led Darwin LNG export plant, which is fed by the aging field, will not need to be shut down while new supplies of gas are developed.
Business intelligence company, Offshore Network, are next month hosting the Upstream Digital Transformation Conference, a digitalisation event, but not one that’s looking at technology. Instead the event focuses on the ‘people’ aspects of digital transformation, with sessions including discussions on culture change, skills and collaboration.
The Area 4 partners in Mozambique have resumed drilling on the Coral Sul project, according to regulator Instituto Nacional de Petróleo (INP).
Oil and gas companies across the globe are facing something of a balancing act currently.
Eni and Sharjah National Oil Corp. (SNOC) have started producing gas and condensate at the Mahani field, less than one year after being discovered.
Westwood Global Energy reports that as of December 28 there was one exploration well and one appraisal well active in the UK.
Eni and Kenya have held talks on a number of potential green plans in the East African country, including the conversion of the Mombasa refinery.
Eni and Thailand’s PTT Exploration and Production (PTTEP) have won the first offshore block in Abu Dhabi’s second bid round, Adnoc has announced.
The election in Ghana sets the path for continuity but there are challenges ahead for the incumbent, who will continue to face difficulties in the power sector.
Eni has struck a new deal for work in Algeria, with a focus on the Berkine Basin, under the new oil law.
Adnoc has launched its second trading arm, focusing on refined products.
Westwood Global Energy reports that as of December 2 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. At the time of writing, the first appraisal well of the year was preparing to spud.
Eni is entering the UK offshore wind market with a deal to buy 20% of the huge Dogger Bank windfarm for £405million.
A North Sea pipeline firm has been forced into liquidation after losing a court battle with Aberdeen-based Kellas Midstream.
A restart of the Damietta LNG plant is once again on the cards following an agreement between Eni, Naturgy and two state-owned Egyptian companies.
Eni has called for more clarification on Ghana’s order for unitisation of the Sankofa field with Springfield Exploration and Production’s Afina field.
Eni and private equity firm Hitecvision have started up a new company aimed at developing new green energy projects in Norway.
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Mozambique’s $7 billion floating LNG (FLNG) project is on course for starting up production in 2022, Eni has said.
Westwood Global Energy reports that as of October 28 there was one exploration well active in the UK. So far in 2020, four exploration wells have completed. There has been no appraisal drilling to date this year.
Poor gas demand may restrain Eastern Mediterranean production until 2023, GlobalData has warned.
In order to limit global temperature rises to 1.5 degrees Celsius, companies must invest in technologies to remove emissions.