Latest News
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04 May 24Namibia: Azule Energy and Rhino Resources announce strategic farm-in agreement for Block 2914A (PEL 85), offshore Namibia
Azule Energy, an independent joint venture created in 2022 by combining bp and Eni assets in Angola, and Rhino Resources Namibia have announced the execution of a farm-in agreement which, on completion, will grant Azule a 42.5% interest in Block 2914A located in the offshore Namibian Orange basin, the location of several major oil discoveries since 2022. -
03 May 24UK: NSTA offers 31 more licences in final set of 33rd round awards
The North Sea Transition Authority (NSTA) has today offered a further 31 licences in the latest phase of the 33rd oil and gas licensing round. A total of 82 offers to 50 companies have now been made in the round which attracted 115 bids from 76 companies across 257 blocks and part-blocks. -
03 May 24UK: Booming pipeline of battery projects increases by two-thirds in last 12 months
A new report published by RenewableUK shows that the pipeline of battery projects has grown by two-thirds in capacity over the last year nationwide. Battery storage is essential for providing the security and flexibility that will make our future energy system resilient and reliable. -
03 May 24Bahrain: Masdar and Bapco Energies to develop up to 2GW of wind projects in the Kingdom of Bahrain
Masdar, the UAE’s clean energy powerhouse, has signed an agreement with Bapco Energies, the integrated energy company leading the energy transition in the Kingdom of Bahrain, to jointly explore the development and investment in wind projects in the Kingdom with a capacity of up to 2 gigawatts (GW). -
03 May 24Vestas announces Interim Financial Report Q1 2024
Vestas reports quarterly revenue of EUR 2.7bn with an EBIT margin before special items of (2.5) percent. Order intake of 2.3 GW and record-high combined order backlog of EUR 61.0bn. Full-year guidance maintained. Adjusted free cash flow amounted to EUR (997)m compared to EUR (1,280)m in the first quarter of 2023. -
03 May 24Zephyr Energy announces debt for equity exchange and State 36-2R well drilling update
Zephyr Energy, the Rocky Mountain oil and gas company, has retired US$3.88 million (£3.11 million) of existing debt through the issuance of US$3.88 million (£3.11 million) of equity. The Company has also provided an update on the State 36-2R well, which is progressing as expected. -
03 May 24Plenitude publishes 2023 financial statements, Sustainability and Impact Report
Plenitude has published its financial statements for 2023, as well as its Sustainability and Impact Report. The 2023 financial year ended with an adjusted operating profit of €515 million and an adjusted net profit of €220 million, both seeing an increase of approximately 50% compared to 2022. -
03 May 24Yinson Production completes USD 1.3 billion debt financing for the Agogo FPSO
Yinson Production has announced the successful closing of the limited recourse term loan facility of up to USD 1.3 billion for the pre- and post-delivery financing of the Agogo FPSO. Once construction is completed, the Agogo FPSO will be deployed to the Agogo Integrated West Hub Development Project located in the West Hub of Block 15/06 offshore Angola. -
03 May 24Italy: Prospex Energy provides update on the Selva Malvezzi production concession in Italy
Prospex Energy, the AIM quoted investment company focused on European gas and power projects, has provided an update from the Selva Malvezzi production concession in Italy. -
03 May 24Technip Energies announces its unaudited financial results for the first quarter of 2024
Technip Energies, a leading Engineering & Technology company for the energy transition, has announced its unaudited financial results for the first quarter of 2024. -
03 May 24Murphy Oil announces Q1 2024 financial and operational results
Murphy Oil has announced its financial and operating results for the first quarter ended March 31 2024, including net income attributable to Murphy of $90 million. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $131 million. -
02 May 24APA Corporation announces Q1 2024 financial and operational results
APA reported net income attributable to common stock of $132 million. When adjusted for items that impact the comparability of results, APA’s first-quarter earnings were $237 million. Net cash provided by operating activities was $368 million and adjusted EBITDAX was $1.24 billion. Following the completion of the Callon acquisition, APA is providing revised full-year 2024 guidance. In 2024, APA plans to invest $2.7 billion in upstream oil and gas capital. -
02 May 24Nigeria: PGS data supports Nigeria 2024 Bid Round
PGS, a leading provider of seismic and reservoir data for energy exploration and development, has data over 10 offshore blocks on offer in the Nigeria 2024 Bid Round announced this week. -
02 May 24FTC order bans former Pioneer CEO from Exxon board seat in Exxon-Pioneer deal
The US Federal Trade Commission took action to resolve antitrust concerns surrounding Exxon Mobil Corporation’s $64.5 billion acquisition of oil producer Pioneer Natural Resources by approving a consent order that prevents founder and former Pioneer CEO Scott Sheffield from gaining a seat on Exxon’s board of directors or serving in an advisory capacity at Exxon once it acquires Pioneer.