Latest News
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28 Mar 24US: Union Jack Oil reports spudding of the Andrews-1-17 well, West Bowlegs, Oklahoma, USA
AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon production, development and exploration company, has been informed by the Operator, Reach Oil & Gas Company Inc, that the drilling rig is on location and that the Andrews-1-17 well has now spudded. The Andrews-1-17 well will test the West Bowlegs Prospect, located in Seminole County, Oklahoma, USA in which Union Jack holds a 45% working interest. -
28 Mar 24EnQuest announces results for the year ended 31 December 2023 and 2024 outlook
EnQuest achieved its 2023 targets, delivering strong operational performance across the operated portfolio and continuing to de-lever its balance sheet, with year-end EnQuest net debt reduced to $481 million. Statutory revenue and other income totalled $1,487.4 million (2022: $1,853.6 million) and adjusted EBITDA totalled $824.7 million (2022: $979.1 million). -
28 Mar 24UK: Baron Oil provides update on UK Licence P2478
AIM-listed Baron Oil has provided an update in relation to the offshore UK Licence P2478 (Blocks 12/27c,17/5,18/1 and 18/2), in which Baron holds a 32% interest. Reabold Resources is the Licence administrator. The Licence will be surrendered to the UK North Sea Transition Authority ('NSTA') on 31 March 2024. -
28 Mar 24Pantheon Resources provides an update on its development planning and funding initiatives
AIM-listed Pantheon Resources, the oil and gas company with a 100% working interest in the Kodiak and Ahpun projects, covered by 193,000 acres of leases with an additional c. 66,000 acres to be awarded following successful bids in the December 2023 lease sales, all in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, has provided an update on its development planning and funding initiatives. -
28 Mar 24Capricorn provides full year results announcement and details of proposed $50m special dividend
Capricorn has provided a full year results announcement and details of proposed $50m special dividend. Significant progress was made in 2023 in exiting non-Egypt exploration licences in Mexico, Mauritania and Suriname. The Company remains committed to the potential of its Egypt assets. -
27 Mar 24SLB announces agreement to acquire majority ownership in Aker Carbon Capture
SLB has announced an agreement to combine its carbon capture business with Aker Carbon Capture to support accelerated industrial decarbonization at scale. Following the transaction, SLB will own 80% of the combined business and ACC will own 20%. -
27 Mar 24US: Zephyr Energy annouces Salt Wash helium project update
Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations is pleased to provide an update on the Company's proposed farm-in to a minimum 75 per cent working interest in a 1,047-acre leasehold position in the Salt Wash Field, a previously producing asset with proven oil, gas and helium reserves located three miles to the south of Zephyr's Paradox project in Utah, U.S. -
27 Mar 24UAE: ADNOC announces first production from Belbazem offshore block
ADNOC has announced the start of crude oil production from its Belbazem offshore block, underscoring the company’s commitment to responsibly meet the world’s growing demand for energy. Tthe Belbazem Block consists of three offshore fields; Belbazem, Umm Al Salsal and Umm Al Dholou. -
27 Mar 24Eni renews membership with the MIT Energy Initiative
Eni has renewed its membership participation in the MIT Energy Initiative (MITEI) as a Founding Member until end of 2027, furthering its commitment to the field of low-carbon energy research. The agreement demonstrates Eni’s consideration of innovation and research as core drivers behind its short-, medium- and long-term decarbonization goals, in line with the company’s strategy. -
27 Mar 24Malaysia: McDermott awarded offshore contract from PTTEP
McDermott has been awarded a sizeable offshore transportation, installation and commissioning contract from PTTEP for the Kikeh subsea gas lift project, located 120 kms northwest of the island of Labuan, offshore Sabah in East Malaysia. -
27 Mar 24Mosman Oil and Gas announces Half Year results to 31 December 2023
AIM-listed Mosman Oil and Gas, the hydrocarbon, helium and hydrogen exploration, development and production company, has announced its Half Year results to 31 December 2023. -
27 Mar 24Poland: Vestas wins 37 MW project in Poland
Vestas has received a firm order from Energa Green Development, a subsidiary of the ORLEN Group, for the Szybowice project in Opolskie, Poland. -
27 Mar 24Sweden: Nordex Group receives 98 MW order from Sweden
The Nordex Group has received an order from Holmen Energi for 98 MW in Sweden. n summer 2025, the Nordex Group will supply and install 14 N163/6.X turbines for the Blisterliden wind farm in a forested area in the county of Västerbotten in the Northern of Sweden. -
27 Mar 24US: Sunrise Wind receives federal record of decision, takes final investment decision
Sunrise Wind has received its Record of Decision from the Bureau of Ocean Energy Management, crossing a critical milestone in the federal environmental review process for the offshore wind project serving New York. Additionally, Ørsted and Eversource have announced they have jointly taken a final investment decision on Sunrise Wind, solidifying the commitment to build the project.