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Neptune Energy announces operational and financial guidance for 2021

Neptune Energy announces operational and financial guidance for 2021
01 Mar 2021
Neptune Energy has announced operational and financial guidance for 2021, ahead of its full year 2020 results on 11 March.
Despite a reduction in planned activity related to COVID-19 restrictions and extended unplanned shutdowns at both Snøhvit (Norway) and Touat (Algeria), Neptune delivered a resilient performance in 2020. Before financing costs, the company was cash flow positive in 2020.
Neptune’s total Group production for 2020 averaged 142.4 kboepd, within its revised guidance range of 140-145 kboepd. Including production-equivalent loss of production insurance payments, production was 143.8 kboepd, which was unchanged on 2019.
As previously announced, the outages at Snøhvit and Touat will continue to have an impact on Neptune’s production in 2021. Based on the expected restart of Touat at the end of Q1 2021 and Snøhvit in early Q4 2021, along with scheduled start-u ....

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Namibia: ReconAfrica announces update on Kavango Basin drilling

Namibia: ReconAfrica announces update on Kavango Basin drilling
01 Mar 2021
Reconnaissance Energy Africa (ReconAfrica) has provided an update on drilling operations in the Kavango sedimentary basin in the Kalahari Desert of North East Namibia.
As announced on January 11, 2021, the Company commenced drilling operations on the
first well (6-2), of an initial three well program to evaluate potential hydrocarbon systems in one of five major sub-basins of the larger, more laterally extensive, deep Kavango basin.
Having set and cemented 17 ½” surface casing mid-January, ReconAfrica has reached the intermediate casing point, set 12 ¼’ casing and has completed the cementing operation. The cementing operation is a key element of all oil well drilling and has been completed in accordance with international standards and best practices. ....

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UK: Equinor completes farm down of Dogger Bank A and B to Eni

Equinor has closed the agreement to sell a 10% interest in Dogger Bank A (1,200 MW) and Dogger Bank B (1,200 MW) assets to Eni. As part of this transaction Eni has also completed the agreement to purchase a 10% interest in the Dogger Bank A and Dogger Bank B assets from project partner SSE on the same terms. ....

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Norway's Ministry of Petroleum and Energy sends proposal to announce APA 2021 for public consultation

Norway s Ministry of Petroleum and Energy sends proposal to announce APA 2021 for public consultation
25 Feb 2021
APA 2021 (Award in Pre-defined Areas) for public consultation.
The proposal entails that a further 84 new blocks are included in the APA area. Four are located in the North Sea, 10 in the Norwegian Sea and 70 in the Barents Sea.
Predictable access to new exploration area is crucial for further development of the petroleum industry. It enables us to maintain activity and value creation on the Norwegian shelf and in the supplier industry. The APA rounds cover most of the open, accessible areas on the continental shelf. They are central to an exploration policy that creates great value for the community. The proposed call for this year s APA round paves the way for new discoveries in the years ahead, ....

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Jadestone Energy provides guidance outlook for 2021 - returning to investment and growth

Jadestone Energy provides guidance outlook for 2021 - returning to investment and growth
26 Feb 2021
AIM-listed
Jadestone Energy, an independent oil and gas production company focused on the Asia Pacific region, has provided its guidance outlook for 2021.
2021 Outlook
The Company is returning to a phase of active investment into its assets, including drilling, well workovers, and pre-development activities relating to its gas projects in Indonesia and Vietnam.
Jadestone is maintaining a conservative approach to its capital structure, and remains focussed on preserving balance sheet strength to ensure resilience, provide for shareholder returns, and to facilitate future inorganic growth.
In all instances, the Company has prioritised sustainability as a key tenet of its ongoing business, whilst ensuring value generation throughout the portfolio. ....

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