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07 May 24	US/Australia: Mosman Oil and Gas announces production increase at Stanley and EP145 update Mosman Oil and Gas has provided an update on its Stanley project in the US where the recent gross production has increased 84% to circa 221 boepd. This is a material improvement from the recently notified March quarter gross average flow rate of 120 boepd.
07 May 24	China: CNOOC Limited announces Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project on-stream CNOOC Limited has announced that the Bozhong 19-6 Gas Field 13-2 Block 5 Well Site Development Project has commenced production. The project, located in central Bohai Sea, is expected to achieve a peak production of approximately 5,800 barrels of oil equivalent per day in 2026.
07 May 24	Denmark: BlueNord announces first quarter 2024 results BlueNord has published its first quarter of 2024 results. During the quarter, the Company delivered strong operational and financial performance. In addition, first gas from Tyra II was successfully achieved which means the project has entered a new phase of ramp-up where plateau production is expected in Q4 of 2024.
07 May 24	Germany: TGS launches multi-client wind and metocean measurement campaign offshore Germany TGS has announced the commencement of its latest multi-client wind measurement campaign using two LiDAR buoys offshore Germany in the North Sea. The collected data is streamed to shore and used to enhance decision-making to support several current and future wind lease rounds in the German Bight.
06 May 24	BW Offshore closes the sale of the FPSO Polvo to BW Energy Following the announcement on 22 April 2022, whereby BW Offshore announced the agreement to divest the FPSO Polvo to BW Energy for USD 50 million, BW Energy has received the final instalment and the transaction has been concluded.
06 May 24	Norway: ConocoPhillips announces successful first oil production at Eldfisk North ahead of plan The licensees of the Eldfisk Field, operated by ConocoPhillips Skandinavia, have announced successful first oil production on the Eldfisk North Project, located in the Greater Ekofisk Area in the North Sea. Oil and gas resources from the new project development are being produced some weeks ahead of plan.
06 May 24	Saipem's Hydrone-R achieves important milestone of uninterrupted subsea operations Saipem’s underwater intervention drone Hydrone-R, currently operating on Equinor's Njord Field development project offshore Norway, has achieved the milestone for continuous subsea residency of 167 days.
06 May 24	Norway: Norwegian Offshore Directorate grants Equinor a drilling permit for wells 7324/6-2 and 7324/8-4 The Norwegian Offshore Directorate has granted Aker BP a drilling permit for the wells 7324/6-2 and 7324/8-4 in production license PL 1170.
06 May 24	Australia: Energy innovation, designed and made in Victoria The Allan Labor Government is supporting a new mobile power generator, combining solar and renewable hydrogen to provide reliable zero-emissions, off-grid energy as an alternative to mobile diesel generators. Minister for Energy and Resources Lily D’Ambrosio has launched the H2PowerBox – a renewably powered, innovative trailer-mounted power system.
06 May 24	Egypt: ADES Holding Company secures new award in Egypt ADES Holding Company, a world leading oil and gas drilling services provider, has announced that it has received a Direct Award of Contract (DAC) from Suez Oil Company (SUCO) in Egypt for a 21-month jackup drilling contract in the Gulf of Suez, expected to commence in the coming weeks.
06 May 24	UK: New oil and gas licences strengthen every sector of the UK - OEUK Offshore Energies UK says the May 3 offer of 31 new oil and gas licences to operators by the North Sea Transition Authority (NSTA) strengthens energy security and business confidence across all sectors as the expansion into wind, hydrogen and carbon capture and storage accelerates.
06 May 24	Denmark: BlueNord provides update on Tyra Redevelopment Project BlueNord has provided an update on the Tyra Redevelopment Project. The operator, TotalEnergies, has concluded that the transformer for the IP gas compressor needs to be repaired which will impact the timing of the ramp-up to maximum technical capacity.
06 May 24	Guyana: Seatrium secures FPSO topsides integration contract with MODEC Seatrium has secured a Floating Production Storage and Offloading (FPSO) topsides integration contract from longstanding customer, Offshore Frontier Solutions, a MODEC Group company. The contract scope of work covers the installation and integration of topside modules onboard the FPSO Errea Wittu, which will be deployed in the Uaru Field, Stabroek Block, approx. 200 kms offshore Guyana.
06 May 24	US: TGS secures new Ocean Bottom Node data acquisition contract in North America TGS, a leading global provider of energy data and intelligence, has announced the award of an Ocean Bottom Node (OBN) data acquisition contract in North America.
06 May 24	UK: Dragon LNG partnered with Worley to explore integration of LNG and CO2 Liquefaction Processes Dragon LNG, a key player in the UK’s energy security landscape and a member of the esteemed South Wales Industrial Cluster, recently announced a significant step towards sustainable energy solutions. The company awarded a contract to Worley, global professional services company of energy, chemicals and resources experts, to conduct a comprehensive feasibility study.
06 May 24	Strategic alliance between Nano One and Worley for battery materials technology Nano One Materials Corporation and Worley have entered into a strategic alliance agreement and a 20-year license agreement for the purposes of developing, marketing, licensing and rapidly deploying cathode active material production facilities for the energy storage, transportation and mobility sectors.
06 May 24	Unique Group acquires Subsea Innovation to strengthen engineering and consulting expertise Unique Group, global innovators in subsea technologies and engineering, has announced the strategic acquisition of subsea technology and equipment manufacturer, Subsea Innovation. The deal elevates Unique Group’s global engineering capabilities, enhances its portfolio and further strengthens the organization’s focus on engineering excellence and technology development.
06 May 24	UK: NSTA offers 31 more licences in final set of 33rd round awards The North Sea Transition Authority (NSTA) has offered a further 31 licences in the latest phase of the 33rd oil and gas licensing round. A total of 82 offers to 50 companies have now been made in the round which attracted 115 bids from 76 companies across 257 blocks and part-blocks.
06 May 24	Denmark: Apollo secures £10 million PMC Contract for INEOS E&P’s Hejre Project in the Danish North Sea Apollo, a leading engineering and energy advisory consultancy, has announced its successful award of the Project Management Consultancy (PMC) Contract for INEOS E&P’s Hejre Project, in the Danish North Sea. The project entails the development of a greenfield platform, subsea infrastructure, and associated complex brownfield modifications.
06 May 24	Namibia: Azule Energy and Rhino Resources announce strategic farm-in agreement for Block 2914A (PEL 85), offshore Namibia Azule Energy, an independent joint venture created in 2022 by combining bp and Eni assets in Angola, and Rhino Resources Namibia have announced the execution of a farm-in agreement which, on completion, will grant Azule a 42.5% interest in Block 2914A located in the offshore Namibian Orange basin, the location of several major oil discoveries since 2022.
03 May 24	UK: Booming pipeline of battery projects increases by two-thirds in last 12 months A new report published by RenewableUK shows that the pipeline of battery projects has grown by two-thirds in capacity over the last year nationwide. Battery storage is essential for providing the security and flexibility that will make our future energy system resilient and reliable.
03 May 24	Bahrain: Masdar and Bapco Energies to develop up to 2GW of wind projects in the Kingdom of Bahrain Masdar, the UAE’s clean energy powerhouse, has signed an agreement with Bapco Energies, the integrated energy company leading the energy transition in the Kingdom of Bahrain, to jointly explore the development and investment in wind projects in the Kingdom with a capacity of up to 2 gigawatts (GW).
03 May 24	Vestas announces Interim Financial Report Q1 2024 Vestas reports quarterly revenue of EUR 2.7bn with an EBIT margin before special items of (2.5) percent. Order intake of 2.3 GW and record-high combined order backlog of EUR 61.0bn. Full-year guidance maintained. Adjusted free cash flow amounted to EUR (997)m compared to EUR (1,280)m in the first quarter of 2023.
03 May 24	Zephyr Energy announces debt for equity exchange and State 36-2R well drilling update Zephyr Energy, the Rocky Mountain oil and gas company, has retired US$3.88 million (£3.11 million) of existing debt through the issuance of US$3.88 million (£3.11 million) of equity. The Company has also provided an update on the State 36-2R well, which is progressing as expected.
03 May 24	Plenitude publishes 2023 financial statements, Sustainability and Impact Report Plenitude has published its financial statements for 2023, as well as its Sustainability and Impact Report. The 2023 financial year ended with an adjusted operating profit of €515 million and an adjusted net profit of €220 million, both seeing an increase of approximately 50% compared to 2022.