Latest News
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18 Mar 24Norway: The Norwegian Offshore Directorate has granted Aker BP a drilling permit for well 24/12-8 S in PL 869
The Norwegian Offshore Directorate has granted Aker BP a drilling permit for exploration well 24/12-8 S in PL 869. The well will be drilled by the Deepsea Nordkapp semi-sub. -
18 Mar 24Austria: ADX Energy's Welchau-1 well discovers condensate rich gas
ADX Energy has advised that the Welchau-1 well has encountered 115 metres liquids rich gas column within the primary target 'Steinalm Formation' at a depth between 1452 metres and 1567 metres measured depth (MD). The Steinalm Formation intersected in Welchau is the same zone that flowed condensate rich gas in the nearby Molln-1 well at a rate of 4 MMSCFPD in 1989. -
18 Mar 24UK: Scotland’s First Minister opens world’s first Floating Wind Innovation Centre in Aberdeen
Scotland’s First Minister, the Rt Hon. Humza Yousaf MSP has officially opened the world’s first dedicated innovation centre for floating offshore wind. Located in the heart of Aberdeen’s Energy Transition Zone, ORE Catapult’s £9 million National Floating Wind Innovation Centre, delivered in collaboration with ETZ, is designed to help supercharge the development of floating offshore wind technology in the UK. -
18 Mar 24US: Sempra Infrastructure launches Cimarron wind project
Sempra Infrastructure, a subsidiary of Sempra, has reached a positive final investment decision for the development, construction and operation of the Cimarron wind project, the third phase of the Energía Sierra Juarez (ESJ) wind complex. The Cimarron wind project is fully contracted under a 20-year power purchase agreement to Silicon Valley Power for the long-term supply of renewable energy to the City of Santa Clara, California. -
18 Mar 24Talos Energy announces divestiture of Talos Low Carbon Solutions subsidiary to TotalEnergies
Talos Energy has entered into an agreement for the sale of its wholly owned subsidiary, Talos Low Carbon Solutions, to TotalEnergies for a purchase price of $125 million plus customary reimbursements, adjustments and retention of cash, combined totaling approximately $148 million. -
18 Mar 24China: CNOOC Ltd announces hundred million ton oil field discovery Qinhuangdao 27-3 in the Bohai Sea
CNOOC Limited has made a major oilfield discovery of Qinhuangdao 27-3 in the Bohai Sea, which adds over a hundred million tons of oil equivalent proved in-place volume. Qinhuangdao 27-3 Oilfield is located in the north-central waters of the Bohai Sea, with an average water depth of approx. 25 meters. -
18 Mar 24UAE: ADNOC signs second long-term agreement for Ruwais LNG project
ADNOC has announced the signing of a 15-year Heads of Agreement (LNG agreement) with SEFE Marketing & Trading Singapore, a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH, for the delivery of 1 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, currently under development. -
18 Mar 24Africa Oil announces offer to minority shareholders in Impact Oil & Gas
Africa Oil to acquire from minority shareholders in Impact Oil and Gas up to 8.0% of the issued shares in Impact. The Offer is made at a price of USD 0.728 per Impact share, for a consideration of up to approximately USD 64 million, which implies a valuation of USD 805 million for 100% of the issued share capital of Impact. Africa Oil currently holds a 31.1% shareholding in Impact. -
18 Mar 24Onsite Solar Generation: TotalEnergies surpasses 1.5 GW of PPAs with 600 B2B customers worldwide
TotalEnergies has reached over 1.5 GW of signed renewable Power Purchase Agreements (PPAs) with over 600 industrial and commercial customers worldwide, for self-consumption on their sites and injection into the grid. Of this 1.5 GW, 1.1 GW is already in operation, producing 1.5 TWh of electricity a year, while 400 MW will be commissioned by year-end. -
18 Mar 24India: Blackford Dolphin secures drilling contract from Oil India
Dolphin Drilling has announced the award of a USD 154 million drilling contract from Oil India. Dolphin Drilling will deploy the Blackford Dolphin semisub drilling rig to support Oil India's exploration and development activities, with operations planned to commence in the second half of 2024. The contract duration spans a firm three wells drilling campaign over 14 months. -
18 Mar 24US: Pantheon Resources announces unaudited interim results for the six months ended 31 December 2023
AIM-listed Pantheon Resources, the oil and gas company with a 100% working interest in the Kodiak and Ahpun projects, located in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, has announced its interim results for the six months ended 31 December 2023, together with operational highlights for the half year and the period beyond. -
18 Mar 24South Africa: Chariot to undertake strategic review of it's transitional power division
AIM-listed Chariot, the Africa focused transitional energy group, has announced that following detailed discussions with the Board, management, and advisors, it is undertaking a strategic review of Chariot's Transitional Power division. Transitional Power focuses on providing sustainable power and water solutions in Africa, which includes renewable energy generation projects and electricity trading.