Zakum Development Company News

 

Top Six European Oil Firms Have Over 28GW of Renewables Capacity in Pipeline

Nov 27, 2020

European international oil companies (IOCs) are leading the way in terms of progressing strategies for renewable power growth, ahead of US players that have not, so far, made the same switch, energy intelligence firm GlobalData said.According to Global Data…

BW Energy Buys Two Borr Drilling Rigs for Gabon Offshore Developments

Nov 02, 2020

Oil and gas company BW Energy has bought two jack-up drilling rigs from Borr Drilling. The company will use a converted rig for the development of the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon.BW said that using a…

CNOOC: Production Starts from Bozhong 19-6 Offshore Field

Oct 22, 2020

China's CNOOC has started production from its Bozhong 19-6 condensate gas field pilot area development project in the Bohai Bay, offshore China.That Bozhong 19-6 condensate gas field pilot area development is located in the central Bohai with an average water depth of approximately 23 meters…

Ørsted Names Project Development Head in U.S.

Oct 08, 2020

Offshore wind farm developer Ørsted has appointed Patricia DiOrio as its new head of project development in the U.S.Ørsted said Thursday that DiOrio would be based in Boston, and lead the company’s North American Offshore Project Development team…

Leading Service Providers to Help Develop Barryroe Offshore Field

Jul 31, 2020

Irish oil and gas explorer Providence has shared a list of industry-leading service providers that are set to help develop its Barryroe oil and gas field offshore Ireland.Providence has been in Barryroe farm-out discussions with Norway-based SpotOn Energy…

China's CNOOC Acquires Stakes in Abu Dhabi's Major Offshore Blocks

Jul 27, 2020

China-based offshore oil and gas-focused company CNOOC will acquire rights in Abu Dhabi's major offshore blocks Lower Zakum, Umm Shaif and Nasr.Abu Dhabi's national oil company ADNOC said Monday it would transfer part of rights in the offshore…

Twinza, PNG Gov't in Talks over Fiscal Terms for Offshore Field Development

Jul 17, 2020

Oil and gas company Twinza has started negotiations with the Papua New Guinea authorities regarding the fiscal terms that will apply to the proposed development of the Pasca A gas-condensate offshore field.The shallow water field in the Gulf of Papua was discovered in 1968 but was never developed…

Cairn Confident of Securing Sangomar Funding

Mar 11, 2020

London-listed oil and gas company Cairn Energy has provided an update of its operations including the progressing of the Sangomar Field Development offshore Senegal despite the having yet to attract the necessary funding for its share of the costs…

KrisEnergy Ditches Vietnam Block to Focus on Cambodia

Feb 14, 2020

Southeast Asia-focused oil company KrisEnergy has agreed to transfer its Block 115/09 offshore Vietnam to an undisclosed international oil company.Debt-laden KrisEnergy said it would transfer its entire 100% working interest in Block 115/09 for nominal cash consideration…

CNOOC to Drill 227 Exploration Wells in 2020

Jan 13, 2020

Chinese oil company CNOOC plans to drill 227 exploration wells in 2020 and has set aside up to around $13,8 billion for capital expenditures, CNOOC's highest annual Capex since 2014, according to Reuters.CNOOC said Monday that its targeted net…

Bowleven Pushes Ahead With Etinde Despite Losses

Dec 04, 2019

Africa-focused oil and gas explorer Bowleven Plc has vowed to soldier on with its planned monetization of the offshore Etinde field in Cameroon despite the company posting further losses in the last financial year.Bowleven said last week it…

Jersey Awards Greater Buchan Contracts

Oct 07, 2019

UK focused independent upstream oil and gas company Jersey Oil & Gas said it has awarded contracts to consultancy Rockflow and services company Petrofac to support the Greater Buchan Area (GBA) development in the North Sea.Rockflow will provide subsurface evaluation support…

LEKOIL Makes Progress Offshore Nigeria

Sep 05, 2019

Africa-focused oil and gas exploration, development and production company LEKOIL announced progress in one of its Nigerian projects months after a temporary setback in its asset acquisition spree in the West African country.The company said…

ExxonMobil, ADNOC Eye Upstream Collaboration

May 07, 2019

US oil giant ExxonMobil and Abu Dhabi's national oil company have met to discuss new opportunities for collaboration in the upstream and downstream sectors. The discussions were held during a joint visit to review the two firm's US$ 30 billion (AED 110 billion) Upper Zakum expansion project…

CLNR eyes two Southern North Sea prospects

Apr 20, 2017

Cluff Natural Resources (CLNR) has found a range of development options for two of the company’s lower risk projects on License P2248 in the Southern North Sea through a scoping study conducted by Xodus Group. The study had indicated…

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