Trinidad: Trinity Exploration announces Q4 2020 operational update
21 Jan 2021
Trinity Exploration & Production, the independent E&P company focused on Trinidad and Tobago, has provided an update on its operations for the three-month period ended 31 December 2020.
Q4 2020 Summary
Production levels remained strong during Q4 2020 with volumes averaging 3,206 bopd, yielding a full year 2020 average of 3,226 bopd (2019: 3,007 bopd) in line with market guidance. This represents a 7% increase over the prior year despite the challenges presented by COVID-19 and no new drilling activity taking place during the year. This is the third consecutive year of delivering production growth and meeting our stipulated production targets. Furthermore, the Group s unaudited FY 2020 operating break-even was US$20.5/bbl, meeting the challenging target set in response to the COVID-19 pandemic and being the fifth consecutive year of maintaining a sub-US$30/bbl operating break-even.
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UK: PetroStrat acquires specialist geology business unit of RPS Energy
19 Jan 2021
PetroStrat, an industry leading stratigraphic consultancy that provides a comprehensive suite of geological services to the upstream oil and gas industry, has announced the acquisition of the
Specialist Geology Business Unit of UK-based RPS Energy.
The acquisition will see the transfer of all RPS assets and 26 staff to PetroStrat, including 17 geological experts, as well as an R&D laboratory and offices in Northwich in the UK. The result will be over 100 staff and 62 geological experts working at PetroStrat, the largest knowledge base of its kind in the industry.
Other benefits of the acquisition include:
Norway: PGNiG awarded four new licences in Norway s APA 2020
19 Jan 2021
Polish Oil and Gas Company (PGNiG Group) has added new exploration licences to its portfolio on the Norwegian Continental Shelf. They were awarded by the Norwegian government in the
APA 2020 licensing round. With the awards, the number of licences held by the PGNiG Group on the NCS has increased to 36.
PGNiG’s subsidiary
PGNiG Upstream Norway was one of the 30 oil companies operating in Norway awarded new acreage this year. The licences were awarded to applicants who submitted licence applications that were the best in terms of geological and technical understanding. Two of the new licences (
HANNIBAL — Unlicensed businesses operating in Hannibal run the risk of being closed by the city. During Tuesday night’s meeting of the Hannibal City Council it authorized the closure by