energy-pedia decommissioning
Six oil and gas operators launch joint campaign to abandon wells in the North Sea for the first time
24 Feb 2021
Nexstep, the National platform for re-use & decommissioning of oil and gas infrastructure in the Netherlands, has over the last few years worked on a joint campaign for the decommissioning of gas wells in the Dutch North Sea. This month, Nexstep issued the invitation to tender to the market. For the first time in Dutch history, six oil and gas operators will jointly set up a major campaign to decommission wells.
Joint Campaign
It is known from various studies that cooperation in decommissioning can lead to significant efficiency improvements, and therefore also cost savings. Over the past two years, the operators have been working on a first joint campaign within the Nexstep partnership, with the help of EBN and NOGEPA. It was decided to start with a campaign for the removal of MLS (mud line suspension) wells, which are wells that were onc
Eco (Atlantic) announces unaudited results and business update
25 Feb 2021
Eco (Atlantic) Oil & Gas, the oil and gas exploration company with licences in the proven oil province in Guyana and the highly prospective basins in Namibia, has announced its results for the three and nine months ended 31 December 2020, alongside a corporate and operational update.
Results Highlights:
Financials
As at 31 December 2020, the Company had cash and cash equivalents of US$16,350,090 with no debt.
Eco remains fully funded for its share (15% WI net) of its planned two exploration wells at the Orinduik Block offshore Guyana.
As at 31 December 2020, the Company had total assets of US$17.7 million and a net equity position of $17.4 million.
Apache Corp has announced its financial and operational results for the fourth-quarter and full-year 2020. For the full-year 2020, Apache reported a loss of $4.9 billion. On an adjusted basis, Apache’s 2020 loss totaled $407 million. Net cash provided by operating activities was $1.4 billion, and adjusted EBITDAX was $2.2 billion.
Bee Vectoring Technologies International Inc.: Bee Vectoring Technologies Announces Inaugural Grower Trials with Two of the World s Largest Berry Growers within a Month of Achieving California License
Bee Vectoring Technologies International Inc. (CSE: BEE) (OTCQB: BEVVF) (CVE: BEE) (the Company or BVT ) is pleased to announce its first grower trials in berry crops in California, where the Company received state regulatory approval less than a month ago on its proprietary Vectorite with CR-7 (
Clonostachys rosea CR-7) (CR-7) biological fungicide. Eight commercial-scale grower trials have already been confirmed, including with two of the world s largest berry companies and their growers. The trials will be conducted on blueberries, caneberries (blackberries and raspberries) and strawberries in the three main growing regions in the state for berries, which are among the most productive and diverse agricultural growing areas in the world.
SBM Offshore has signed a Letter of Intent (LOI) together with Petrobras for a 26.25 years lease and operate contract for the FPSO Almirante Tamandaré, to be deployed at the Búzios field in the Santos Basin approx. 180 kms offshore Rio de Janeiro in Brazil.