Latest News
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10 May 24
Australian government declares gas to be essential until 2050 and beyond
Australia's Future Gas Strategy (FGS) highlighted a commitment for Australia to remain a reliable trading partner for liquefied natural gas (LNG), while underscoring the role of gas in Australia's energy mix until 2050 and beyond, according to Wood Mackenzie. This strategy may lower perceptions of 'sovereign risk' for investors. -
10 May 24
UK: Up to £3bn of emissions reduction schemes proposed by North Sea operators
North Sea oil and gas operators could invest up to £3 billion in 14 major projects capable of cutting up to 32 million tonnes of lifetime CO2e emissions from their production activities. The projects – highlighted at the North Sea Transition Authority’s (NSTA) annual performance review of the UK’s top 20 operators – involve using low-carbon power on platforms, installing technologies designed to eliminate routine flaring and venting, and hydrogen. -
10 May 24
Namibia: 2D seismic acquisition program awarded for Namibian PEL 93 acreage
88 Energy has announced the awarding of the 2D seismic data acquisition program for PEL 93 to Polaris. This program is set to acquire a minimum of ~200-line km of low-impact 2D seismic. -
10 May 24
Tanzania: Aminex provides update on Ntorya to Madimba Pipeline
Aminex has announced that during a recent operations meeting in Muscat, Oman with ARA Petroleum Tanzania (APT) and Aminex, the Tanzania Petroleum Development Corporation (TPDC) updated the joint venture partners on its progress to construct a pipeline spur from Ntorya to the Madimba gas processing plant. -
10 May 24
US: Ascent Resources provides update on US gas and helium investment
Ascent Resources has announced, further to its investment into GNG Partners, which owns the 60MMscfd Lisbon Valley gas and helium processing plant in Utah USA, that GNG have provided the Company with an operational update. The Lisbon Valley plant is now on track to have the 550Mscfd helium liquidation unit recommissioned and in operational working order by the end of this calendar year. -
10 May 24
PGS is awarded a 4D contract in West Africa
PGS has been awarded a 4D contract in West Africa for an international energy company. Mobilization is scheduled for early September. The contract has a total duration of approx. 65 days, with an option to extend. -
10 May 24
Panoro Energy announces trading statement and operations update
Panoro Energy has provided an update in advance of its Q1 2024 results which are scheduled for release on 23 May 2024. Production performance is in Q1 is in line with previously communicated guidance, reflecting the good progress the Company is making towards growth targets and delivery of sustainable and material shareholder returns. -
10 May 24
Gabon: Panoro Energy confirms oil at Hibiscus South Extension
Panoro Energy has announced that the DHBSM-2P pilot well has successfully encountered oil and confirmed a north-eastern extension of the Hibiscus South field at the Dussafu Marin Permit offshore Gabon, further increasing recoverable reserves. -
10 May 24
Spain: Exus acquires 51MW Spanish wind farm from Grupo Enhol
Exus Renewables, a premier independent power producer and asset management firm specialising in the renewable energy sector, has announced the acquisition of a 51-megawatt wind farm located in the north of Spain, from independent Spanish company Grupo Enhol. -
09 May 24
James Fisher completes its largest decommissioning project to date
James Fisher has completed critical decommissioning operations offshore in the Gulf of Thailand as part of a major offshore operator’s wider asset end-of-life campaign. -
09 May 24
Nigeria launches 2024 Licensing Round at OTC 2024
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday, May 7, announced the commencement of the 2024 Licensing Round at the on-going Offshore Technology Conference in Houston, Texas.
