Tullow Oil completes sale of Uganda assets to Total
The closing of the transaction marks Tullow’s exit from its licences in Uganda after 16 years of operations in the Lake Albert basin.
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The closing of the transaction marks Tullow’s exit from its licences in Uganda after 16 years of operations in the Lake Albert basin.
Preliminary estimates place the size of the discovery between 8 and 30 million m³ of recoverable oil equivalent.
Equinor has awarded Norsea Group AS, Saga Fjordbase AS and ASCO Norge AS contracts for services at supply bases in Norway.
The total value of the three contracts for drilling and well services on the Bacalhau field in Brazil is estimated at US$455 million.
SNC-Lavalin has been awarded a 3-year framework contract to provide Consultancy Engineering Services.
Woodside Energy has said that the Scarborough Joint Venture intends to accept the offers for the grant of petroleum production licences.
Beach Energy has announced a gas discovery at Enterprise 1 in licence VIC/P42(V) in the nearshore Victorian Otway Basin.
The total combined duration of the two surveys, awarded by Petrobras, is estimated around eight months.
Saipem has received authorisation to proceed with the final phase of the Payara development project in Guyana from Esso Exploration and Production Guyana Ltd.
Oil prices recover as the uncertainty over the US election result subsides, but the market has challenges to face in weeks ahead.
The FPSO will be located in the Area 1 block, approximately 6 miles (10 km) off the coast of Mexico.
The Abu Dhabi International Petroleum and Exhibition Conference (ADIPEC) 2020 Virtual Conference, the world’s largest gathering of oil and gas industry players, is set to begin on Monday 9 November 2020.