ConocoPhillips Alaska has announced that funding has been approved for developing the Nuna project from the 3T drillsite in the Kuparuk River Unit. Drilling is anticipated to begin in late 2024 with first oil anticipated by early 2025, with an expected peak oil rate of 20,000 BOPD.
Savannah Energy, the British independent energy company focused around the delivery of Projects that Matter, has announced its audited results for the year ended 31 December 2022. 2022 was another year of significant progress and growth for the company. Total Revenues grew by 26% to US$290m, Adjusted EBITDA rose by 27% to US$222m.
Arrow Exploration has provided an update on the Carrizales Norte-1 well ( CN-1 ), an exploration well on the Tapir Block in the Llanos Basin of Colombia. The Company has commenced completion operations at CN-1 and Management expects to proceed with putting the C7A and C7 zones straight on production during the course of next week. The C7 reservoirs were the primary target of CN-1 and displayed excellent reservoir characteristics.
Eni has signed a memorandum of understanding with Libya with the aim of studying and identifying opportunities to reduce greenhouse gas emissions and develop sustainable energy in the country, in line with Eni s strategy and with the Libyan government s objectives to accelerate decarbonisation and energy transition processes.
Counsels representing UK Oil & Gas and the Secretary of State will today defend a further High Court hearing brought about by opponents of the Company s conventional blue hydrogen feedstock project at Loxley in Surrey.