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More Deals - Licenses and Concessions News
Iraq Energy Cabinet, Schlumberger Ink $480MM Well Deal
Iraq's energy cabinet has awarded Schlumberger Ltd. a drilling contract worth ~$480 million, according to multiple reports. The agreement features the drilling of 96 oil wells in the…
Point Loma Awarded Drilling Licenses for Mannville Rex Area; Preps to Drill
Point Loma Resources has received two well licenses for the Leduc Rex (Upper Mannville) oil play in Alberta and intends to commence a two well drilling program shortly.…
Queensland Officials Award New Gas Exploration Licenses to Four Companies
Officials from the Australian province of Queensland have awarded new gas exploration licenses to several companies. Armour Energy, Chi Oil & Gas, Cypress Petroleum and Bridgeport Energy were…
Faroe Reports Commencement of North Sea Goanna Project
Faroe Petroleum has commenced drilling at its Goanna license in the Norwegian North Sea. The License is located in PL 881 offshore Norway. Faroe holds a 30% stake…
Statoil Expands Presence Offshore Suriname; Two New Exploration Licenses
Statoil has scored two additional offshore exploration licenses in Suriname's Guyana Basin. - Block 59: Statoil has been awarded 33.33% equity interest. ExxonMobil is the operator. Block 59…
North Sea News
Shell to Move Forward with Jackdaw Gas Field Project in UK North Sea
BG International Limited, an affiliate of Shell U.K. Limited, has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea, following…
APA Corp. Boosts 2022 US Onshore Spending 38% vs. 2021
APA Corp. detailed its 2022 capital plan and guidance. 2022 Plan - Capex: $1.6 billion (upstream) - up 51% vs. 2021 D&C: $1.4 billion Exploration & Appraisal: $200…
ConocoPhillips Bolsters Spending by 30% for 2022; Bets Bulk on Lower 48
ConocoPhillips has detailed its 2022 capital plan on the heels of closing its multi-billion dollar acquisition of Shell's Permian assets. 2022 Plans - Capital Budget: $7.2 billion -…
APA Corp. First Quarter 2021 Results
APA Corp. reported its Q1 2021 results. Highlights: Reported production of 382,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax…
Apache Ups Spending 11% for 2021 at $1.1B; Adding Rigs in the Permian
Apache Corp. announced its financial and operational results for the fourth-quarter and full-year 2020. The company also detailed its 2021 plans. 2021 Plans - Capex: $1.1 billion -…