An international consortium led by Total, as operator, and the Egyptian Natural Gas Holding Company (EGAS) have signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, off the coast of Egypt
Exploration
Oil prices rises on expectations that OPEC+ may keep output stable in February
Oil prices started the week positively on expectations that OPEC+ will keep output levels unchanged in February and as Chinese oil demand is recording a weather-related uptick
Kosmos Energy completes farm down of exploration assets to Shell
Kosmos Energy has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell PLC to farm down interests in Suriname, Sao Tome & Principe and Namibia for approximately US$95mn million plus future contingent payments of up to US$100mn
ExxonMobil announces emission reduction plans
ExxonMobil plans to reduce the intensity of operated upstream greenhouse gas emissions by 15-20% by 2025, compared to 2016 levels
Subsea 7 awarded contract offshore Angola
Subsea 7 has announced the award of a substantial contract by Cabinda Gulf Oil Company Limited (CABGOC) for the Sanha Lean Gas Connection (SLGC) project
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