The South Asian nation of Timor-Leste has extended the timeline for the closing of bids for its second licensing round from October 1, 2021 to March 4, 2022.
The South Asian nation of Timor-Leste has extended the timeline for the closing of bids for its second licensing round from October 1, 2021 to March 4, 2022. A total of 18 new blocks are on offer in the Timor-Leste second licensing round, with 7 new blocks in the onshore area (Blocks A to G) and 11 new blocks in the offshore area (Blocks H-R).
Royal Dutch Shell has agreed to sell its interests in the Permian Basin in the US to ConocoPhillips for $9.5 billion in cash. It has also completed the sale of its upstream assets in Egypt’s Western Desert to a consortium of Cheiron Petroleum and Cairn Energy for $646 million and additional payments of up to $280 million between 2021 and 2024, contingent on the oil price and the results of further exploration.
Sercel has won a major contract to supply land seismic equipment for a 3D mega-crew survey in North Africa. It includes a 508XT acquisition system with 100,000 QuietSeis digital sensors and a fleet of 20 Nomad 90 Neo broadband vibrator trucks. The equipment is expected to be delivered in Q4 2021.
CGG has completed the sale of its GeoSoftware business to Topicus and Vela Software for $95 million.
Eni and the International Renewable Energy Agency (IRENA) have entered into a three-year agreement to collaborate in the promotion of renewable energy and accelerate the energy transition, particularly in countries that export fossil fuels.
Chevron has adopted a 2050 net zero aspiration for Scope 1 and 2 emissions and is incorporating Scope 3 emissions into its emission targets. The company has set a greater than 5% carbon emissions intensity reduction target from 2016 levels by 2028. ‘This target allows flexibility to grow our traditional business, provided it remains increasingly carbon-efficient,’ said Chevron in a statement.
