Tagged Reserves

CNOOC hits record oil and gas production in 2020

By Bojan Lepic Annual oil and gas reserves and production by Chinese oil and gas player CNOOC Limited have hit a new record high while costs decreased to a ten-year low. The post CNOOC hits record oil and gas… … Read Full Article Here For more great articles: Offshore Energy Today

Tullow Oil agrees on new debt capacity with banks

By Nermina Kulovic Oil and gas company Tullow Oil has agreed a new debt capacity with its banks under its reserves based lending facility of $1.7 billion. The post Tullow Oil agrees on new debt capacity with banks… … Read Full Article Here For more great articles: Offshore Energy Today

Santos flags $139 mln impairment

By Adnan Bajic The Australian energy major Santos expects to recognize an impairment totaling $139 million following reserves review. The post Santos flags $139 mln impairment appeared first on Offshore Energy. Read Full Article Here For more great articles: LNG World News

Petrobras sees oil reserves drop in 2020

By Bojan Lepic Brazilian oil major Petrobras has noted a small decrease in its proved reserves of oil, condensate, and natural gas for 2020 when compared to figures from the year before. The post Petrobras sees… … Read Full Article Here For more great articles: Offshore Energy Today

Black & Veatch, Golar LNG turn to hydrogen and ammonia

By Adnan Bajic Black & Veatch and Golar LNG have expanded their collaboration to include floating production of blue and green hydrogen and ammonia. Courtesy of Black & Veatch The two companies said they have entered into a collaboration agreement in the field of floating ammonia production, carbon capture, green LNG and hydrogen. The agreement…

Melbana sees increase in Beehive prospect reserves

By Nermina Kulovic Melbana Energy has reported a modest increase in the best estimate prospective resource of the Beehive Prospect, located in WA-488-P offshore Australia. The post Melbana sees increase in Beehive… … Read Full Article Here For more great articles: Offshore Energy Today

Tellurian agrees $50 mln financing

By Adnan Bajic US LNG export project developer, Tellurian has secured a $50 million financing in a push to build cash reserves. Driftwood LNG project developer noted that the financing has been secured through a deal to sell $56 million notes for gross proceeds of $50 million and provide the lender with warrants to purchase…