Latest News
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29 Apr 24
Australia: Triangle Energy signs rig for Perth Basin well Booth-1
Triangle Energy Global has advised that its Joint Venture with Strike Energy and New Zealand Oil and Gas has contracted a rig to drill the Booth-1 well in the North Perth Basin. The Booth prospect, located in the east of L7, is planned to be the first well in the upcoming JV's drilling campaign, targeting gas at the Kingia-High Cliff reservoirs with potential for oil or gas in the overlying Dongara and Jurassic sandstones. -
29 Apr 24
Repsol posts net income of €969 million in the first quarter
Repsol posted net income of €969 million in the first quarter of 2024. The company's integrated business model proved its strength and was a key factor in achieving a solid adjusted income of €1.267 billion. On February 22, the company presented its Strategic Update 2024-2027, which laid out the priorities and objectives to bolster its profitable growth, consolidate its multi-energy commitment and achieve its decarbonization goals. -
29 Apr 24
Fugro announces Q1 2024 trading update
Fugro reports a strong start of the year 2024 with continued revenue growth and margin improvement. Ongoing significant growth in offshore wind projects, resulting in 9.0% overall revenue growth. Further improvement in profitability, resulting in 16.5% EBITDA margin and 8.8% EBIT margin, and operating cash flow increases by EUR 24.0 million to EUR 66.2 million; offset by higher working capital compared to exceptionally low level at year-end 2023. -
29 Apr 24
Nigeria: NNPC restarts production from the Awoba field
The Nigerian National Petroleum Company (NNPC) and its Joint Venture partner, Newcross Exploration and Production, have restarted production from the Awoba field which last contributed production to the Bonny Terminal in 2021 and was finally shut down in February 2022 due to evacuation issues and crude oil theft.
