Oil and Natural Gas Corp (ONGC) has won seven blocks out of 12 offered in India’s OALP Bid Round-V.
Oil and Natural Gas Corp (ONGC) has won seven blocks out of 12 offered in India’s OALP Bid Round-V. The state-owned company won three blocks in the Cambay basin and blocks in the Bengal-Purnea, Gujarat Kutch, Gujarat Saurashtra and Mumbai basins. State-owned Oil India Ltd won four blocks, two in the Assam Shelf and Assam Arakan basin and two in the Rajasthan basin.
Polarcus has won a two-month contract for 3D seismic data acquisition services in West Africa with an expected duration of two months. The project is scheduled to commence in Q4 2020.Baker Hughes is acquiring Compact Carbon Capture (3C). CCC’s technology uses rotating beds instead of static columns, effectively distributing solvents in a compact and modularized format. The technology enhances the carbon capture process resulting in up to 75% smaller footprint and lower costs, said Baker Hughes. The agreement includes intellectual property, personnel and existing deals.
Patkistan has launched a new bidding round for 20 onshore blocks. Date for bid submissions is January 15 2021.
Total has made a significant gas condensate discovery on the Luiperd prospect, on Block 11B/12B in the Outeniqua Basin, 175 km off the southern coast of South Africa. The Luiperd well was drilled to a total depth of about 3400 m and encountered 73 m of net gas condensate pay in well-developed good quality Lower Cretaceous reservoirs.
EMGS has reported third quarter revenues of $2.1 million, down from $26.9 million in the third quarter of 2019 and down from $7.5 million in the second quarter of 2020. Adjusted EBITDA was a loss of $1.2 million, down from $11.6 million in the third quarter of 2019.Equinor has announced its ambition to become a net-zero energy company by 2050.
