Upstream

The UK-based upstream firm, NEO Energy, has finalized plans to acquire oil and gas company Zennor Petroleum from private-equity firm Kerogen Capital for $625m, including deferred and contingent payments.

Maersk Drilling has been awarded a contract to provide Maersk Resolute harsh-environment jack-up rig to drill one well in the Dutch North Sea.

The winner of the tender to build the 100,000BOPD refinery in Soyo, in Zaire Province the northeasternmost part of Angola will be announced soon.

Equinor has awarded a contract to Aker Solutions for modifications on the Åsgard B semi-submersible gas and condensate processing platform in the Norwegian Sea to enable increased production.

The Dugong appraisal well in Production Licence 882 located in the Norwegian North Sea is currently being drilled by Neptune Energy.

Members of the Organisation of the Petroleum Exporting Countries have been charged to remain disciplined with their production to ensure full oil price recovery as the global economy continues to rebound from the COVID-19 pandemic.

Noble Energy, a US-based firm has announced the first gas flow from the Alen Gas Monetization Project located offshore Equatorial Guinea.

Chevron said it had launched a $300 million fund focused on low-carbon technology, as traditional global oil and gas firms attempt to invest more in green energy and tackle climate change. This comes as major energy firms have set targets to reduce greenhouse gas emissions or are exploring investments in renewable energy and green technology…

Last week, Norway launched a consultation on a 2021 licensing round in mature areas in which it offered 84 new blocks for petroleum exploration, including 70 in the Arctic Barents Sea.

Petronas has awarded Block SB405, offshore Sabah, to ConocoPhillips East Malaysia (COPEM), a unit of ConocoPhillips, and Petronas Carigali.