Latest News
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19 Mar 24Egypt: TAG Oil completes drilling stage of BED4-T100 horizontal well
TAG Oil has announced a significant milestone in its ongoing exploration and development efforts within the Badr Oil Field with the successful completion of the drilling phase for the BED4-T100 horizontal well. The well has penetrated an over-pressured reservoir with regions of exceptional porosity and permeability. During drilling operations, there have been clear signs of free oil flowing into the wellbore and to surface. -
19 Mar 24Dril-Quip and Innovex to combine creating unique energy industrial platform
Dril-Quip, a leading developer, manufacturer and provider of highly engineered equipment and services for the global offshore and onshore oil and gas industry, and Innovex Downhole Solutions, a global leading provider of mission-critical technologies and services across the well lifecycle for the oil and gas industry, have announced a definitive agreement under which Dril-Quip and Innovex will merge in an all-stock transaction. -
19 Mar 24UK: £400k for National Grid innovation projects as part of Ofgem fund to help shape Britain's net zero transition
Research into state-of-the-art monitoring systems for offshore cables and an initiative to support the decarbonisation of rural areas are among the National Grid-led innovation projects to be funded through the latest stage of Ofgem’s Strategic Innovation Fund (SIF). -
19 Mar 24Nigeria: Savannah Energy announces consolidation of Stubb Creek field interest
Savannah Energy has signed Share Purchase Agreements with Sinopec International Petroleum Exploration and Production Corp and Jagal Ventures to acquire 100% of the outstanding share capital of Sinopec International Petroleum Exploration and Production Company Nigeria Limited ('SIPEC'). SIPEC's principal asset is a 49% non-operated interest in the Stubb Creek oil and gas field, located in Akwa Ibom State, Nigeria. -
19 Mar 24TotalEnergies partners with major international companies to support e-NG development
TotalEnergies is joining seven major companies to create an international coalition supporting the development of production and use of e-natural gas (e-NG), a synthetic natural gas produced from renewable hydrogen and CO2. -
19 Mar 24chevron and JX sign MOU for collaboration on development of CCS value chain
JX Nippon Oil & Gas and Chevron New Energies, a division of Chevron U.S.A. Inc., have signed a Memorandum Of Understanding that provides a framework to evaluate the export of Carbon Dioxide (CO2) from Japan to Carbon Capture and Storage (CCS) projects located in Australia and other countries in the Asia Pacific region. -
19 Mar 24Venezuela: Geoex MCG signs contract for multi-client seismic project offshore Venezuela
Geoex MCG, a global subsurface data provider, has announced the signature of a contract for a multi-client seismic project offshore Venezuela. The project is an integral component of a broader campaign aimed at re-evaluating the country’s extensive hydrocarbon potential and in particular increase the certification of its gas reserves. An announcement of a licensing round schedule will follow. -
18 Mar 24Norway: The Norwegian Offshore Directorate has granted Aker BP a drilling permit for well 24/12-8 S in PL 869
The Norwegian Offshore Directorate has granted Aker BP a drilling permit for exploration well 24/12-8 S in PL 869. The well will be drilled by the Deepsea Nordkapp semi-sub. -
18 Mar 24Austria: ADX Energy's Welchau-1 well discovers condensate rich gas
ADX Energy has advised that the Welchau-1 well has encountered 115 metres liquids rich gas column within the primary target 'Steinalm Formation' at a depth between 1452 metres and 1567 metres measured depth (MD). The Steinalm Formation intersected in Welchau is the same zone that flowed condensate rich gas in the nearby Molln-1 well at a rate of 4 MMSCFPD in 1989. -
18 Mar 24UK: Scotland’s First Minister opens world’s first Floating Wind Innovation Centre in Aberdeen
Scotland’s First Minister, the Rt Hon. Humza Yousaf MSP has officially opened the world’s first dedicated innovation centre for floating offshore wind. Located in the heart of Aberdeen’s Energy Transition Zone, ORE Catapult’s £9 million National Floating Wind Innovation Centre, delivered in collaboration with ETZ, is designed to help supercharge the development of floating offshore wind technology in the UK. -
18 Mar 24US: Sempra Infrastructure launches Cimarron wind project
Sempra Infrastructure, a subsidiary of Sempra, has reached a positive final investment decision for the development, construction and operation of the Cimarron wind project, the third phase of the Energía Sierra Juarez (ESJ) wind complex. The Cimarron wind project is fully contracted under a 20-year power purchase agreement to Silicon Valley Power for the long-term supply of renewable energy to the City of Santa Clara, California. -
18 Mar 24Talos Energy announces divestiture of Talos Low Carbon Solutions subsidiary to TotalEnergies
Talos Energy has entered into an agreement for the sale of its wholly owned subsidiary, Talos Low Carbon Solutions, to TotalEnergies for a purchase price of $125 million plus customary reimbursements, adjustments and retention of cash, combined totaling approximately $148 million. -
18 Mar 24China: CNOOC Ltd announces hundred million ton oil field discovery Qinhuangdao 27-3 in the Bohai Sea
CNOOC Limited has made a major oilfield discovery of Qinhuangdao 27-3 in the Bohai Sea, which adds over a hundred million tons of oil equivalent proved in-place volume. Qinhuangdao 27-3 Oilfield is located in the north-central waters of the Bohai Sea, with an average water depth of approx. 25 meters. -
18 Mar 24UAE: ADNOC signs second long-term agreement for Ruwais LNG project
ADNOC has announced the signing of a 15-year Heads of Agreement (LNG agreement) with SEFE Marketing & Trading Singapore, a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH, for the delivery of 1 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, currently under development. -
18 Mar 24Africa Oil announces offer to minority shareholders in Impact Oil & Gas
Africa Oil to acquire from minority shareholders in Impact Oil and Gas up to 8.0% of the issued shares in Impact. The Offer is made at a price of USD 0.728 per Impact share, for a consideration of up to approximately USD 64 million, which implies a valuation of USD 805 million for 100% of the issued share capital of Impact. Africa Oil currently holds a 31.1% shareholding in Impact.