Latest News
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02 May 24Italy: Heads of Agreement signed between Gunvor and LNEnergy
Reabold Resources has announced the execution of a non-binding Heads of Agreement between Gunvor International and LNEnergy for the purchase of liquefied natural gas ('LNG') by Gunvor from LNEnergy from the Colle Santo gas field, located onshore Italy. LNEnergy has the exclusive right to acquire a 90% interest in Colle Santo and Reabold owns a 26.1% equity interest in LNEnergy. -
02 May 24Australia: Mainstream Renewable Power consortium awarded feasibility licence for 2.5 GW offshore wind development in Australia
Mainstream Renewable Power has announced that Gippsland Skies Offshore Wind, a consortium of Australian and international companies, comprising Mainstream Renewable Power, Reventus Power, AGL Energy and DIRECT Infrastructure, has been granted a feasibility licence by the Federal Minister for Climate Change and Energy, for a fixed bottom 2.5 GW offshore wind project off the Gippsland region of Victoria. -
01 May 24Cyprus: Eni CEO meets with President of the Republic of Cyprus Nikos Christodoulides to discuss Eni’s activities and future projects in the Country
The President of the Republic of Cyprus Nikos Christodoulides and Eni Chief Executive Officer Claudio Descalzi met in Nicosia to discuss Eni’s activities and future projects in the Country. In particular, President Christodoulides and Eni CEO reviewed the discoveries made in 2022 by Eni and its partner TotalEnergies,of Cronos and Zeus which led to the drilling of Cronos 2 appraisal well in late 2023. -
01 May 24Canada: C-NLOPB announces 2024 Call for Bids in the Eastern Newfoundland Region
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a Call for Bids for Exploration Licences in the Eastern Newfoundland Region. Call for Bids No. NL24-CFB01 (Exploration Licences, Eastern Newfoundland Region) consists of 41 parcels and a total of 10,287,196 hectares. -
01 May 24Ocean Edge Services continues growth with new project awards in the Gulf of Mexico, Guyana, and West Africa
Ocean Edge Services has announced recent project awards totaling over US$10 million. The contracts include Production Hydraulic Power Units, Subsea Distribution equipment, and Intervention Workover Control Systems. -
01 May 24UK: L&G NTR Clean Power Fund purchases minority stake in the East Anglia ONE offshore windfarm
he L&G NTR Clean Power (Europe) Fund has successfully completed the acquisition of a minority stake in the East Anglia ONE offshore windfarm, alongside the Development Bank of Japan Inc. Situated 43km off the coast of Suffolk, England, the Fund’s stake has been purchased from Macquarie Asset Management. -
01 May 24UK: Carbon capture and storage technology lands in the English Channel
The leading trade body Offshore Energies UK says a new carbon storage licence being offered in the English Channel is an innovative way to store greenhouse gas emissions from industrial emitters on the South Coast. The North Sea Transition Authority (NSTA) has invited applications for an out of round CO2 storage licence in saline aquifers off the Isle of Wight. -
01 May 24UK: Wood awarded North Sea decarbonisation project for TotalEnergies
Wood, a global leader in consulting and engineering, has been awarded a new decarbonisation contract by TotalEnergies to support flare gas recovery in the North Sea. The 23-month contract, part of the Elgin-Franklin Flare Gas Recovery System Project, follows Wood’s successful completion of a field study and front-end engineering design (FEED) and includes the coordination of operations, procurement and design aspects for the Elgin asset. -
01 May 24Touchstone Exploration announces acquisition of Trinity Exploration and Production
Touchstone Exploration has reached an agreement with Trinity Exploration and Production on the terms of an all-share acquisition by which Touchstone will acquire all of the issued and to be issued ordinary share capital of Trinity. Trinity is a crude oil exploration, development and production company with onshore and offshore assets located solely in the Republic of Trinidad and Tobago. -
01 May 24Morocco: Predator confirms ratification of Guercif Sandjet rigless testing programme
Predator Oil & Gas Holdings has announced that further to the Company's announcement on 20 February 2024, Predator confirms that Petroleum Agreement Amendment No 4 has been ratified and that preparations for the Sandjet rigless testing programme can now be progressed as planned. -
01 May 24Brazil: Petrobras oil and natural gas production grows 3,7% in 12 months
Petrobras' average production of oil, NGL, and natural gas in the 1st quarter of 2024 (1Q24) reached 2,776 million barrels of oil equivalent per day, an increase of 3.7% compared to production in the same period of the previous year (1Q23). -
01 May 24Australia: Ørsted secures licences to develop large-scale offshore wind projects in Australia
The Australian Government has announced that it has granted a feasibility licence for Ørsted’s first offshore wind project in Australia and intends to grant a licence for a second project, subject to consultation. With the licences, Ørsted aims to develop large-scale offshore wind farms off the coast of Gippsland, Victoria, to be operational in the early 2030s. -
01 May 24UK: Balmoral Comtec marks renewables milestone with Hornsea 3 contract award
Balmoral Comtec, a Balmoral Group company and a major provider of buoyancy, protection and insulation services to the global offshore energy market, has been awarded a multi-million-pound contract for the supply of 400 cable protection systems (CPS) by Ørsted for its Hornsea 3 project, located 120km off the Norfolk coast in the UK.