The fourth week of U.S. oil and natural gas production was added by U.S. energy companies last week. This is as the federal government seeks to increase production in order to help allies get off Russian oil and gas after Moscow invaded Ukraine on February 24.
The Kremlin describes its actions in Ukraine as “special military operations.”
In its closely watched report, Baker Hughes Co stated that the oil and gas rig count, which is an indicator of future output, rose to 693 in the week to April 14. This was its highest level since March 2020.
Britain to become a gas 'bridge' to Europe. Gas is piped into the #UK from #NorthSea, #Norway and from ships sent from all over the world in the form of liquefied natural #gas (LNG), which can then be sent on to #Europe via pipelines to #Belgium & #Holland https://t.co/Z453AxmW2P https://t.co/AtgrgEpEWv pic.twitter.com/0ISZHWc22T
— Share_Talk ™ (@Share_Talk) April 15, 2022
Hurricane Energy PLC (LSE: HUR) has delivered what appears to have been a significant upgrade of the reserves at its Lancaster Field, west Shetland.
Despite production rates being at the top end of forecasts for the six-month ended March 31, they will fall as the impact of the annual maintenance shut down is considered.
The European Union warned its member countries that President Vladimir Putin’s demand for “unfriendly” countries to pay in rubles for Russian gas would be a violation of the sanctions imposed upon Moscow after its invasion.
According to someone familiar with the matter, the European Commission, which is the EU’s executive branch, has presented its analysis of Putin’s decree. This assessment raises concerns about Europe’s energy security, as Putin threatened to stop gas supplies to customers who don’t follow the decree.
Sound Energy PLC (AIM: SOU) Operational and Strategic Update, Tendrara Phase 1 mLNG Development.
mLNG equipment and services provider Italfluid, has confirmed the issuance of purchase orders for the gas processing and liquefaction packages together with the LNG storage tank. Site preparation activities by Italfluid and Sound Energy at the Tendrara site location have commenced and are ongoing;
88 Energy Ltd (AIM 88E. ASX 88E). quarterly activities reported the three months in which Texas assets were used to cash in the bank.
Project Longhorn, the 73%-owned Texas producing assets, was referred to as by the company. It produced approximately 400 barrels per day (gross), and in March, it generated some A$600,000.
Oilex Ltd (ASX:AIM: OEX) Cambay India C-77H Re-frac Update & Revised Gas Sales Contract. Oilex and Schlumberger Asia Services Limited (“Schlumberger”) have executed a Letter of Intent for the supply by Schlumberger of hydraulic fracturing services, coiled tubing and nitrogen services and perforation services for the planned re-frac of the Cambay C-77H well in July 2022.
But the update came with a sting in the tail, Oilex said, due to the higher than anticipated C-77H re-frac costs caused by a global shortage of fraccing services and equipment, and the delayed start-up of gas production on the Cambay field, Oilex plans to raise additional funds over the next approximate month.
IOG plc (AIM: IOG) the Net Zero UK gas and infrastructure operator focused on high return projects, provides a further Phase 1 update.
At Southwark, over last weekend the Noble Hans Deul rig was successfully moved into position alongside the platform, with the legs positioned securely on the newly installed rock pads. Preparations have been underway since then to resume development drilling at Southwark in the course of the next week.
Europa Oil & Gas (AIM: EOG) announces its interim results for the six-month period ending 31 January 2022.
Reported £2.2mln in first-half revenues as its part-owned Wressle continued to perform “from strength-to-strength”.
According to the company, this was its “strongest interim financial performance” since H1 2014. The company reported a £700,000.00 pre-tax profit, and £900,000.000 net cash.
Empyrean Energy PLC (AIM: EME ) reports that the Jade well offshore China is making great progress with the 17-1/2 inch section drilled to 1056 meters Measured Depth.
The casing is currently underway. After that, drilling to 2140m Measured Depth will begin.
Empyrean is the operator of Block 29/11 in China and has 100% working interest during the exploration phase. In the event of a commercial discovery, its partner, China National Offshore Oil Company (“CNOOC”), may assume a 51% participating interest in the development and production phase.
Cloudbreak Discovery PLC, (LSE: CDL) announced a partnership agreement with Ultimate Resources and Masterstroke Investments to explore for oil and gas in Namibia.
The London-listed company will serve as the financing partner for the venture, which seeks to submit a Petroleum Exploration Licence Block 2019 development agreement and final negotiations for a Petroleum Exploration Licence Block 2019.
Union Jack Oil plc (AIM: UJO) Advised that further to the announcement of 25 January 2022, the Operator of PEDL253.
Egdon Resources U.K. Limited (AIM: EOG) has submitted an appeal on behalf of the Joint Venture participants, against the refusal of planning permission by Lincolnshire County Council for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe site.
Union Jack holds a 45% economic interest in PEDL253.
Confirms that management will be hosting a Shareholder Presentation and Q&A session (“Webinar”) at 5:30 pm British Summer Time on Tuesday 26 April 2022, which will be open to all shareholders and interested parties.
In this Webinar, the management team will discuss the outcomes and conclusions from the highly successful Theta West and Talitha #A drilling and testing operations this season, implications for future project definition and development, as well as next steps in the operational programme including an insight into the Alkaid #2 well planned for July 2022.
Mosman Oil and Gas Ltd. (AIM: MSMN) reported an increase of 31% in gross production at the Winters-2 Well in East Texas.
The 23% working interest of the oil exploration, production and development company in the well is 23%. It was recently connected to the newly completed gas infrastructure.
88 Energy Ltd, (AIM:88E; ASX:88E) stated that the production from Longhorn assets located in Texas’s Permian Basin has been greater than expected since February.
March output averaged more than 400 barrels per day at 70% oil. This is around 30% more than was anticipated at the time.
Denmark resumes construction of the 900 km gas pipeline linking Norway and Poland. This pipeline will help Poland decrease its dependence on Russian natural gases.
Europe is working to eliminate its dependence on Russian gas. Experts say it will take many years.
Middelfart, central Denmark, saw work resumed on the Baltic Pipe project. This 900-kilometre link was primarily intended to reduce Poland’s dependence on Russian natural gases.
i3 Energie PLC (AIM: I3E) reported net revenues of £86.8mln and net operating income of £48.8mln for 2021 after the acquisition of Canadian producing assets.
The assets are located in Alberta, Canada. Production averaged 12,442 barrels of oil equivalent per day. Through the fourth quarter, production reached 18,229 boepd as the integration of the assets continued.
Chinese oil giant CNOOC Ltd said on Monday it will raise 28.08 billion yuan ($4.41 billion) in a share listing in Shanghai, after setting the price for what will be mainland China’s 11th-biggest public stock offering.
Fundraising will be expanded to 32.29 billion yuan if an over-allotment “greenshoe” option to buy and sell more shares, issued to investment banks underwriting the deal, is fully exercised, the company said in a sales prospectus.
Genel Energy PLC (LSE: GENL) informed investors that it received US$35.4mln from the Kurdistan Regional Government in relation to oil sales during December.
The payments were primarily made by the Tawke field, which received US$17.3mln in addition to US$8.8mln from the Tawke override, while the Taq Taq, Sarta, and Sarta fields provided US$2.5mln, US$2.2mln, respectively.
Longboat Energy PLC, (AIM: LBE) began drilling operations at the Cambozola exploration well. It holds a 25% stake in Norway.
Cambozola is Norway’s largest potential gas prospect to be drilled by 2022. The turbidite-sand lobes in the Lower Cretaceous are particularly prominent in seismic data.
Prospex Energy PLC (AIM: PXEN) Completion of Selva Acquisition. Announce that it has completed the acquisition of the 20% share of the Podere Gallina licence which contains the Selva Gas Field in the Po Valley region of Italy. The Selva Gas Field is scheduled to come into production by Q2 2023
Diversified Energy Company PLC (LSE: DEC) has published its annual sustainability reports. It highlighted successes and a bright outlook for the ESG agenda.
This comes after the company’s Project Fresh initiative, which aims to increase accuracy in its emissions-producing inventory, deploy 600 handheld leak detection devices, and pilot the use of LiDAR (light detection and ranging) aerial surveillance to detect and drive emission cuts.
United Oil & Gas PLC, (AIM: UOG), has sold its Italian business to Prospex Energy PLC at EUR2.16mln.
UOG Italia has a 20% interest in the Podere Gallina license, which includes the Selva gas development plan.
Empyrean Energy PLC, (AIM: EME) reported that drilling is currently underway at the Jade prospect in its Block 29/11, Jade prospect at its 100% owned by the company, offshore China.
36″ surface hole was drilled down to 588 metres Measured Depth (“MD”). Current operations are the installation of the 30″ surface conductor
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