Oil & Gas News

Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09 – located in the Douala Basin on the border of Cameroon. Representing a notable achievement for both Chevron as it moves to increase its penetration in the Equatorial Guinean market, and the country itself in its journey towards resource maximization, the agreement grants Chevron 80% ownership with GEPetrol holding the remaining 20%.

Much has been written about this year’s 2021 United Nations Climate Change Conference, or COP26. Whether the Glasgow, UK, event was a success or a failure depends on who you listen to.

As part of its mission to protect the environment and in order to ensure that oil and gas companies are able to quickly and effectively respond to offshore oil spills, Bureau of Safety and Environmental Enforcement (BSEE) preparedness analysts and engineers conducted a virtual Government Initiated Unannounced Exercise (GIUE) in the Gulf of Mexico Region on December 1.

Maersk Drilling and Petrogas North Sea Ltd have agreed to exercise the previously agreed exclusive option to employ the harsh-environment jack-up rig Maersk Resilient to drill an appraisal well at the Birgitta field in the UK sector of the North Sea.

Equinor has entered into an agreement to acquire all of Spirit Energy’s production licenses in the Statfjord area which spreads across the Norwegian and UK Continental Shelves and are developed by three integrated production platforms (Statfjord A, B, C). All licenses are operated by Equinor.

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