Tullow Oil has signed two separate sale and purchase agreements with Panoro Energy for all of Tullow’s assets in Equatorial Guinea and the Dussafu asset in Gabon.
Australasia in review: FID-rich 2021 to follow 2020’s oil output surprise, renewables to set records - Rystad Energy
10 Feb 2021
Even though 2020 was the year oil and gas producers reduced output to balance the pandemic-hit demand, Australasia’s production did not only stay resilient, but it also rose a little, a
Rystad Energy report reveals. We estimate combined petroleum output across all products was 1.210 billion barrels of oil equivalent last year, little changed from 1.208 billion boe in 2019.
Within this, Australasia – Australia, New Zealand, Timor-Leste and Papua New Guinea – produced an average 160,000 barrels per day (bpd) of crude oil, an increase of about 3% from 2019. The largest contributor to crude oil production growth was Woodside’s Greater Enfield project, which is estimated to produce about 28,000 bpd. The region pumped condensate at an average rate of 265,000 bpd in 2020, down approximately 10% from 2019, while natural gas liquids (NGLs) increased r
In terms of the issue size of the offer, the Rs 25,000 crore in paid-up capital infused by the government could constitute total outstanding shares of 2,500 crore, if each share has a face value of Rs 10 each.
Magseis Fairfield has been awarded a contract for a deep-water Ocean Bottom Node baseline survey (3D) offshore Angola for a major international energy company.
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