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Total and Microsoft partner to drive digital innovation and Net Zero goals

Total and Microsoft have announced that they have agreed to collaborate as strategic partners to further digital transformation and support progress toward net-zero emissions. ....

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Egypt: Eni closes agreement with partners for restart of Damietta LNG plant

Egypt: Eni closes agreement with partners for restart of Damietta LNG plant
11 Mar 2021
Eni has closed the agreement signed last December with the Arab Republic of Egypt (ARE), the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and the Spanish company Naturgy that will
restart the Damietta liquefaction plant in Egypt, settle Union Fenosa Gas and SEGAS s outstanding disputes with EGAS and ARE, and effect a corporate restructuring of Union Fenosa Gas, whose assets have been divided between Eni and Naturgy, as well as of SEGAS which will now be owned 50 percent by Eni, 40 percent by EGAS and 10 percent by EGPC. ....

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Georgia: OMV Petrom signs PSC for Block II, offshore Georgia

Georgia: OMV Petrom signs PSC for Block II, offshore Georgia
10 Mar 2021
The company continues its regional expansion in the Black Sea area
OMV Petrom, the largest energy company in South-Eastern Europe, has announced the signing of the Production Sharing Contract (PSC) for the
offshore Block II in the exclusive economic zone of the Georgian Black Sea. OMV Petrom won in June 2020 the international tender organized by the Ministry of Economy and Sustainable Development of Georgia for offshore acreage.
Christina Verchere, CEO OMV Petrom:
By signing the PSC for the offshore exploration Block II in Georgia, we take an important step in the eastern part of the Black Sea, in line with our strategy of looking for opportunities in the Black Sea region. We believe that the Black Sea has a high potential for the upstream sector and with our operating experience of over 40 years in the Romanian offshore area we have a competitive advantage in evaluating the opportun ....

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Norway: Equinor given consent for exploration drilling on the Askja field and the Krafla field

The Petroleum Safety Authority Norway (PSA) has given Equinor consent to drill exploration wells 30/11-U-1 and U-2 in the North Sea. The wells will be drilled in production licences PL 035 and 272, to investigate whether there is shallow gas in the area where it is planned to install unmanned wellhead facilities in connection with the development of Krafla and Askja. ....

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Neptune Energy announces financial results for the 12 months ended 31 December 2020

Neptune Energy announces financial results for the 12 months ended 31 December 2020
11 Mar 2021
Large-scale and diversified
•    Continued improvement in health and safety, with our total recordable injury rate down to 1.4 per million hours worked in 2020.
•    Full year production of 142.4 kboepd, within revised guidance range (143.8 kboepd including production-equivalent insurance receipts).
•    2021 production guidance of 130-145 kboepd, reflecting outages at non-operated assets in Norway and Algeria (140-155 kboepd including production-equivalent insurance receipts). Expect to exit 2021 at materially higher production rates with new projects online in Norway and Indonesia and production restarts.
•    Entering a period of growth, targeting production of close to 200 kboepd in 2023, with all existing sanctioned projects onstream. ....

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