Cygnus%20 News

Production from Nigeria's Ikike Field to Start

Jul 25, 2022

TotalEnergies, OML99 operator (40%) in partnership with the Nigerian National Petroleum Corporation (NNPC, 60%), announces the start of production from the Ikike field, in Nigeria.Located 20 kmoff the coast, at a depth of about 20 meters, the…

Neptune Energy Joins OGCI's Zero Methane Emissions Initiative

Jul 06, 2022

Oil and gas company Neptune Energy has joined OGCI's Aiming for Zero Methane Emissions Initiative, a project to cut emissions of the harmful greenhouse gas to near zero by 2030.  Developed by the Oil and Gas Climate Initiative (OGCI), the initiative aims…

Afentra to Buy Further Stake in Shallow-water Area Offshore Angola

Jul 19, 2022

Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, has agreed to buy interests in two shallow-water offshore blocks in Angola from the Croatian oil company INA - Industrija Nafte.To remind, Afentra in April agreed to buy a 20% non-operated interest in Block 3/05…

One Million Gallons Collected from US' Longest Running Oil Spill

Jul 13, 2022

Response crews have collected more than one million gallons of oil from a Gulf of Mexico spill that has been ongoing for nearly 20 years.The U.S. Coast Guard (USCG) and partner agencies have been working to contain oil that continues to leak from damaged wells in Mississippi Canyon Block 20 (MC-20)…

Shell Wants to Share More of its Blockbuster Profits with Shareholders, CEO says

Jul 14, 2022

Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy, the chief executive said on Thursday…

Kistos Acquires 20% in Greater Laggan Area Offshore Assets from TotalEnergies

Jul 11, 2022

Oil and gas firm Kistos has acquired a 20% stake in the Greater Laggan Area producing offshore gas fields in the UK and associated infrastructure alongside various interests in certain other exploration licenses, including a 25% interest in the Benriach prospect…

Serbia Plans to Buys Azeri Gas to Diversify Supply

Jul 12, 2022

Serbia, which is fully dependent on Russian gas supplies, plans to purchase gas from Azerbaijan in 2023 when it expects an interconnector to Bulgaria's pipeline to be completed, Serbia's energy minister said on Tuesday.'We are currently talking…

ConocoPhillips Drills Duster at Bounty Prospect Off Norway

Jul 11, 2022

Oil company ConocoPhillips has drilled a dry well at the Bounty prospect in the Norwegian Sea, offshore Norway, and will plug and abandon the well.ConocoPhillips drilled the wildcat well 6306/3-2 some 30 kilometers south of the Fenja field in…

Longboat Energy Farms Into Two Offshore Exploration Prospects in Norway

Jul 01, 2022

Oil and gas company Longboat Energy has completed the farm-in into two OMV's near-term, gas weighted exploration prospects on the Norwegian Continental Shelf ('NCS') targeting combined gross unrisked mean prospective resources of 223 mmboe of which 45 mmboe net to Longboat)…

Vårgrønn to Acquire Eni's Stake in Dogger Bank Offshore Wind Farm

Jun 30, 2022

Eni's Plenitude and HitecVision on Thursday announced an agreement to expand their Norwegian renewable energy company, Vårgrønn, which they established in 2020. Under the the agreement, Vårgrønn will acquire Plenitude’s 20% interest in the Dogger Bank offshore wind farm project in the UK…

Neptune Energy Eyes Spending More than $1B to 'Support UK Energy Security'

May 10, 2022

Oil and gas company Neptune Energy said Tuesday it would spend more than $1 billion over the next five years 'securing energy supplies for the UK and speeding the transition to net zero.'The amount planned for investment includes capex and pre-development…

Report: Impact Oil & Gas Eyeing Sale of Stake in Namibian Offshore Block Containing Venus-1X Discovery

Jun 06, 2022

Impact Oil & Gas is considering selling its 20% stake in a large block in deep water off the coast of Namibia where TotalEnergies made a significant oil discovery this year, four industry sources told Reuters.Impact, which is privately owned and focused on exploration in Africa…

ONE-Dyas Gets OK to Develop Dutch North Sea Gas Field using Wind-powered Platform

Jun 03, 2022

The Duch Government has granted the oil and gas company ONE-Dyas the definitive permits for the development of the N05-A gas field in the Dutch section of the North Sea using a wind-powered offshore platform.'This offshore gas production project…

Norway's Hammerfest LNG Plant Resumes Operation After 20-month Outage

May 27, 2022

Norway’s Hammerfest liquefied natural gas plant has resumed operation as planned and is preparing to restart LNG production, a spokesperson for operator Equinor told Reuters on Friday.The plant has been offline for 20 months following a fire in September of 2020…

Aker BP Drills Duster at Laushornet Prospect Offshore Norway

May 12, 2022

Norwegian oil company Aker BP has drilled a dry well in the production licence 685, in the Norwegian section of the North Sea, according to the Norwegian Petroleum Directorate.The NPD said Thursday that Aker BP had concluded the drilling of wildcat well 35/4-3…

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