Latest News
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20 May 24Germany: EnBW begins construction work on Germany’s largest offshore wind farm in the North Sea
The entire wind farm is scheduled to go into operation at the end of 2025. EnBW will be responsible for the technical and commercial management. Servicing and maintenance work will be carried out from its service base in Emden. The Dutch-German grid operator TenneT will connect the wind farm to the grid using an offshore converter station and two high-voltage DC export cables. -
20 May 24Morocco: Chariot commences second drilling operation onshore Morocco
AIM-listed Chariot, the Africa focused transitional energy group, has announced the spud of the OBA-1 well on the Dartois prospect in the Loukos Onshore licence, onshore Morocco. -
20 May 24UK: Serica Energy receives approval for Belinda field development
AIM-listed Serica Energy has received final approval from the NSTA to develop the 100% owned and operated Belinda field. The field will be tied back to the Triton FPSO following the drilling of the development well which is scheduled to take place in the first half of 2025. The Belinda well is the 5th well in Serica’s Triton area drilling campaign. -
20 May 24Stronger for longer: Oil demand to grow in the mid-term, future trajectory depends on clean tech and policy - Rystad Energy
Oil demand will rise further in the medium term, according to Rystad Energy research and modeling, as low-carbon alternatives are not yet sufficiently developed or economically competitive to offset the growing demand for transportation and industrial services. Rystad Energy’s latest Oil Macro Scenarios report explains how the 13 sectors that rely on oil will face a more complex transition than expected just a couple of years ago. -
20 May 24US: Iberdrola to acquire the remaining 18.4% stake in Avangrid in $2.6 billion deal
Iberdrola has signed an agreement to acquire the 18.4% minority stake in its US subsidiary Avangrid, which it previously did not own. The price paid represents an investment of $2.551 billion for Iberdrola. -
20 May 24UK/US: Union Jack Oil announces final results for the Y/E 31 December 2023
Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development, exploration and investment company, has announced its audited results for the year ended 31 December 2023. The Company's solid 2023 financial results confirm its resilience, both financially and operationally. -
20 May 24Kenya: IFC and the Italian Climate Fund partner with Eni to support biofuel production, farmers in Kenya
IFC (International Finance Corporation) and the Italian Climate Fund have announced a $210 million investment in Eni’s Kenya subsidiary to expand the production and processing of advanced biofuels, supporting the decarbonization of the global transport industry and the livelihoods of up to 200,000 small-scale Kenyan oilseed farmers. -
20 May 24Ireland, Belgium and the UK increase their cooperation on interconnection and renewables
The Minister for the Environment, Climate and Communications, Eamon Ryan, along with his Belgian and UK counterparts, Minister Tinne van der Straeten and Andrew Bowie, signed a Joint Statement in Bruges, Belgium, which paves the way for greater cooperation on renewables and interconnection opportunities between the three countries. -
20 May 24Viridien introduces its new ticker symbol
CGG shareholders approved the corporate name change from CGG to Viridien at the Annual General Meeting on May 15, 2024. The new ticker symbol for Viridien shares listed on Euronext Paris will be 'VIRI', effective May 21, 2024. -
20 May 24Denmark: Kent secures FEED contract for INEOS Hejre Project in the North Sea
Kent, a global leader in engineering, has been awarded a key Front-End Engineering Design (FEED) contract for the INEOS Hejre project, an offshore High Pressure High Temperature (HPHT) development, located in the Danish sector of the North Sea. It is planned as a tie-back to the South Arne field. -
20 May 24Australia: Whitebark Energy instigates near term Hydrogen Commercialisation Pathway study
Whitebark Energy has commenced targeted commercialisation studies for the Company’s current portfolio in Australia. Hydrogen, produced through electrolysis powered by renewable sources, stands out as a versatile and sustainable fuel with the potential to revolutionise various sectors, including transportation, industry, and energy storage. -
20 May 24Expro completes the acquisition of Coretrax
Expro, a leading provider of energy services, has completed its acquisition of Coretrax, a technology leader in performance drilling tools and wellbore cleanup, well integrity, and production optimization solutions based in Aberdeen, Scotland. -
20 May 24India: CoolCo enters into a long-term charter with GAIL (India) for Newbuild LNG carrier
Cool Company has entered into a 14-year Time Charter Party with GAIL (India) for one of the Company’s two newbuild LNG carriers currently under construction. CoolCo will deliver the Newbuild to GAIL in the Gulf of Mexico, with the 14-year time charter commencing in early 2025.