Latest News
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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. -
17 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. -
17 May 24UK: Chevron to sell remaining UK North Sea oil and gas assets
Reuters reports that Chevron is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark its exit from UK after more than 55 years. Chevron's assets include a stake in the BP-operated Clair oilfield in the West of Shetland region, the largest in the British North Sea with production of 120,000 barrels per day. -
17 May 24UK: EnergyPathways provides update on its plans to deliver clean, home-grown energy for the UK
EnergyPathways, an integrated energy transition company, has provided an update on its plans to deliver clean, home-grown energy for the UK. EnergyPathways continues to make solid progress on the planned development of its flagship Marram energy storage project, a fully appraised 'Ready to go' low-cost development that can provide critical gas supply and storage infrastructure for the UK, targeting first gas in 2025. -
17 May 24UK: £86m investment in offshore wind research facilities to accelerate UK development of next generation of super turbines
Development of the world’s most advanced wind turbine blade and drive train testing assets at ORE Catapult’s National Renewable Energy Centre in Blyth, Northumberland, set to deliver major boost to UK growth from offshore wind. -
17 May 24Egypt: TAG Oil announces successful production test results from BED4-T100 horizontal well
TAG Oil has announced initial production test results on its BED4-T100 horizontal well, which tested at 800 barrels of oil per day. The T100 well has demonstrated encouraging results following a multi-stage hydraulic fracture stimulation targeting the Abu-Roash 'F' ('ARF') tight carbonate reservoir in the Badr Oil Field ('BED-1') in the Western Desert of Egypt. -
17 May 24Valeura Energy releases 2023 Sustainability Report
Valeura Energy, an upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye, has announced the release of its 2023 sustainability report. -
17 May 24Norway and Switzerland strengthen cooperation on CCS and CDR
Norway and Switzerland have signed a Declaration of Intent to strengthen cooperation on carbon capture and storage (CCS) and carbon dioxide removals between the two countries. -
17 May 24UK: Spirit Energy, Peak Cluster call for new route to market for CCS
Centrica subsidiary Spirit Energy and the Peak Cluster partnership of UK lime and cement manufacturers have asked government for a clear route to market for their carbon capture and storage (CCS) plan. At the moment there are only Track 1 and Track 2 projects that have funding. -
17 May 24Angola: Saipem awarded offshore contract by Azule Energy for Ndungu Field Project in Angola for a total amount of around 850 million USD
Saipem has been awarded a new offshore contract by Azule Energy Angola, subsidiary of Azule Energy Holding, an incorporated joint venture between Eni and bp, for the development of the Ndungu Field as part of Agogo Integrated West Hub Project, located approx. 180 km off the coast of Angola. The value of the contract is around 850 million USD. -
17 May 24UAE: ADNOC delivers first ever bulk shipment of CCS enabled certified low-carbon ammonia to Japan
ADNOC has delivered the world’s first certified bulk commercial shipment of low-carbon ammonia enabled by carbon capture and storage (CCS) to Mitsui for use in clean-power generation in Japan. -
17 May 24US: Crescent Energy to acquire SilverBow Resources for $2.1 billion
Crescent Energy Company and SilverBow Resources have entered into a definitive agreement pursuant to which Crescent will acquire SilverBow in a transaction valued at $2.1 billion. The combined company to be the second largest operator in the Eagle Ford. -
17 May 24AquaTerra Group secures decommissioning projects worth seven figures
Aberdeenshire headquartered integrated services provider, AquaTerra Group, has announced four significant decommissioning contract wins totalling a seven-figure sum. These latest projects represent a notable increase in AquaTerra’s roster of decommissioning projects between 2023 and 2025. -
16 May 24GoM: Two new studies available on offshore wind energy in the Gulf of Mexico
The Bureau of Ocean Energy Management (BOEM) has announced the availability of two new studies on offshore wind energy in the Gulf of Mexico. The results of these studies will inform federal, state, and local strategic renewable energy planning over the next decade. -
16 May 24Norway: EMGS secures late sales multi-client revenue
Electromagnetic Geoservices ('EMGS') has announced that the Company has entered into several late sales licencing agreements related to its existing Norwegian EM multi-client library, with a total combined revenue to the Company of approx. USD 1.3 million. -
16 May 24Wind Power LAB launch lightning surveillance technology - reducing wind turbine repair costs and operational downtime by more than 40%
Danish-based Wind Power LAB (WPL) have launched an innovative lightning surveillance tool tailored to combat strike damages to wind farms through early detection of potential risk. The new Lightning Analysis Service, known as LASSIE, offers major cost savings in excess of 40% because repairs are identified earlier than expected, through the use of the technology-based monitoring tool.